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Bill Tatro
Posted: 5/21/2013 12:01:00 AM EST
The familiar saying used to be, “I can afford it, but I don’t want it.” Conversely, now it’s “I want it, but I can’t afford it.”
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Roger Schlesinger
Posted: 5/21/2013 12:01:00 AM EST
The quantitative easing that has been going on under the direction of Ben Bernanke and the Federal Reserve seems to have been with us almost half a life time, but it hasn't. It arrived after the beginning of the financial crisis, and was supposed to be a panacea, but it hasn't demonstrated to be the “do-all” solution to our financial problems.
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John Ransom
Posted: 5/21/2013 12:01:00 AM EST
Here’s Klein’s argument boiled down to the bones: We didn’t intend to cheat; we’re just so stupid that it had the same effect as cheating.
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Michael Schaus
Posted: 5/21/2013 12:01:00 AM EST
Imagine that: A government tax collection agency asked a bunch of citizens about their conversations with God. I guess we can chalk this up to the IRS’s complete disregard for Constitutional limitations, but does it strike anyone else as mildly anti-American?
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Charles Payne
Posted: 5/21/2013 12:01:00 AM EST
Doubling wages means fewer workers, higher prices for customers, and less profit for shareholders. Essentially those are the goals of the puppet master behind the McDonald's worker walkout.
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Ransom Notes Radio
Posted: 5/21/2013 12:01:00 AM EST
Believe it or not, there are some people in Congress that can’t even wrap their mind around the power of the IRS. (And we wonder why there might be some abuse of power?) John Ransom talked with Bill Tatro about the recent White House scandals, and the coercive power of tax policy.
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Mike Shedlock
Posted: 5/21/2013 12:01:00 AM EST
Simply put, Obama lied when he said "you can keep your existing plan", knowing full well the law was purposely written to make sure that would not happen over time. Eventually you will be stuck with a new Obamacare plan and higher premiums whether you like your existing plan or not.
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Daniel J. Mitchell
Posted: 5/21/2013 12:01:00 AM EST
But the regulatory burden goes way beyond some odd anecdotes. We’re talking about a huge cost to the economy, and it’s been getting worse for the past 12 years.
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Daniel J. Mitchell
Posted: 5/20/2013 12:01:00 AM EST
It wasn’t that long ago that I shared a very encouraging story from England about civil disobedience against a revenue-hungry government.
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Morgan Brittany
Posted: 5/20/2013 12:01:00 AM EST
The IRS succeeded in shutting down the opposition and they were all high-fived and handsomely rewarded.
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Shawn Mitchell
Posted: 5/20/2013 12:01:00 AM EST
How, exactly, does a free people overthrow an abusive bureaucracy that, as David Axelrod asserts, is too vast for even the president to be aware of, let alone control?
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John Ransom
Posted: 5/20/2013 12:01:00 AM EST
I don’t believe in the Trilateral and Bilderberg conspiracies. But I do believe that our world leadership suffers from a severe case of intellectual, political and corporate inbreeding that’s led them to dangerous defects in their vision for which there is no cure but cultural, financial and social death.
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Scott Carter
Posted: 5/19/2013 12:01:00 AM EST
The only way to make good is to buy the physical gold. And that feat is only getting harder and harder to accomplish as more and more gold is being bought by Central Banks, Governments and average investors.
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Mike Shedlock
Posted: 5/19/2013 12:01:00 AM EST
By a wide margin, but not quite a majority (yet), "Let's quit EU," say 46 per cent of voters in poll.
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John Ransom
Posted: 5/19/2013 12:01:00 AM EST
I don’t actually make up these conspiracy theories myself. I have help from other members of the Vast Right Wing Conspiracy (VRWC), including the New York Times, the Chicago Tribune and CBSNews.
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Political Calculations
Posted: 5/19/2013 12:01:00 AM EST
It would appear that investors have shifted their forward-looking focus to 2014-Q1 in setting the pace of change for U.S. stock prices. Following the period after the fiscal cliff reaction of 15 November through 20 December 2012, they had been focused mainly on 2013-Q2.
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Daniel J. Mitchell
Posted: 5/19/2013 12:01:00 AM EST
Another great development in “human rights” around the world. Indeed, it belongs with these momentous breakthroughs. Let's just say I don’t sympathize with the notion that the federal government should compel colleges to allow pets – even if they’re for “emotional support.”
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Marita Noon
Posted: 5/19/2013 12:01:00 AM EST
It may be too early to tell whether the three scandals will “define and destroy” Barack Obama’s presidency—but they do reveal a propensity to massage the message and reward their friends while destroying their enemies. And, there are more than the trifecta of troubles that make this point, there’s a six-pack of scandals.
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Daniel J. Mitchell
Posted: 5/18/2013 12:01:00 AM EST
I have to start this post with a big caveat. I’m not a fan of the Paris-based Organization for Economic Cooperation and Development. The international bureaucracy is infamous for using American tax dollars to promote a statist economic agenda.
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Charles Payne
Posted: 5/18/2013 12:01:00 AM EST
Well, did the market come to a bump in the road or the end of the road this week? It wasn't a dramatic selloff, except it was a selloff, and it happened at the exact time the market had been rallying.
