I watched Sicko last week and, like all his other films, Michael Moore had some good points and some terrible points.  When trying to refute obvious counters to his arguments, he would use the weakest anecdotal evidence possible.  But that is his formula, so I accepted it and watched the whole thing.  But this isn’t a post [...]

I recently watched a video by Joachim de Posada where he talks about a behavioral study done at Stanford.  In short, the professor would put a 4 year-old in a room with a marshmallow.  He would tell the child that he was going to leave him/her in the room alone with the marshmallow and come back [...]

So Obama finally states the obvious.  The federal debt load is unsustainable.  He also warned that interest rates may skyrocket. 
Really?  You think?  I just wish that Obama would have confessed that his spending programs are the reason for it.  Of course, he would never take responsibility for that.  That is Bush’s fault, like everything else [...]

Moody’s issued a negative outlook on municipal bonds and this is how Barney Frank responds…
“I am troubled by the action of Moody’s Investors Service to issue a
negative outlook across the board on America’s municipalities, which
could raise the interest rates on cities and towns making it more
expensive to borrow funds for infrastructure improvements. Today’s
action could result [...]

http://online.wsj.com/article/SB123879833094588163.html
Obama is refusing repayment of TARP money.  Why?  You can probably guess.  He wants to tell the banks who to lend to and how much.

Once again, Obama slammed over and over the Bush deficits, but the Bush deficits pale in comparison to Obama’s.  When Obama says he is going to cut the deficit in half, there is nothing impressive about that.

The stimulus bill is more expensive than the Iraq and Afghanistan war combined. 
“As a nation, we got into this mess by spending and investing money that didn’t exist. We won’t get out of it by doing more of the same.”  Senator Tom Coburn (R-OK).  That is why it is called a bubble.  There’s nothing of [...]

In my commercial transactions course today, my professor, who likes to scoff at free-market solutions, talked about giving states the right to set limits on the rates credit cards can charge.  He remarked, “We as a society never decided that it was okay to charge 30% interest.”  I have to disagree.  While we don’t like to [...]

I am taking a Managerial Economics class right now and we are studying about recessions. For a recent assignment, we looked at some of the key metrics of the economy dating back to 1967. The numbers we looked at were Real GDP, Unemployment Rate, and Housing Starts. Over the spread of the years we pulled [...]

Ever since our economy started showing recessionary measurements and the stock markets started falling dramatically, many people have compared Barack Obama to Franklin Delano Roosevelt, FDR.  FDR came in to office during the early years of the Great Depression.  People say that Obama is inheriting a miserable economy just as FDR did.  This is true.  What also [...]