PRICES WERE OUT OF CONTROL at the end of 3rd-century Rome, and the Emperor Diocletian was determined to rein them in.
As the Republican primary process continues, there is no doubt that the establishment GOP is winning and the Tea Party is losing.
Bloomberg doubted Zandi and the President's projections, too. They surveyed 34 other economists. Not one was as optimistic as Zandi. In fact the average job creation estimate by the group was a paltry 288,000. Five said the legislation would produce zero new jobs. Since Obama's wants to spend $447 billion to get there, if the average estimate were to come true that works out to $1.6 million per job.
"Just as Israel's economic success owes to the government's withdrawal from the markets, so Israel's ability to have a rational, truthful, fact-based public debate is entirely dependent on a government initiative to deregulate the media."
No one is more of a master of political talking points than President Barack Obama. Remember "shovel-ready projects"? These were construction projects where the shovels were supposed to start digging the moment the government gave them the "stimulus" money.
I cannot remember a more depressing week in Washington. The Republicans boasted a heroic accomplishment: slashing $38.5 billion from the budget, purportedly the largest cuts in history. But the cake was made from sawdust.
President Obama unveiled a much different tax-reform vision in his much-anticipated debt speech on Wednesday. He would raise tax rates on upper-income earners and small businesses. He also would eliminate deductions and credits, or so called “tax expenditures.”
We discovered once again, as Lincoln once said of a contemporary, that Obama can squeeze the smallest idea into the greatest number of words of anyone who has ever been president. We also learned that when things get really tough and leadership is called for, Obama takes his cues from Hillary, just like the 3AM video from Saturday Night Live.
Less than a month after an assassination attempt on his life, Reagan spoke to a joint session of Congress regarding his economic plan.
The cast might have changed but the plot is the same: A president thinks he can keep spending-and-taxing, running up deficits and adding to the national debt, but escape the inescapable result: rising inflation.
Romney should promote legislation that would allow Massachusetts residents to purchase any health insurance policy that is properly licensed in any other state, and for that policy to be enforced according to that state's laws.
The largest challenge President Obama faces is job-creation. But the largest issue over which the president and Congress have actual control is the deficit. So the first clear comparison between Obama and newly empowered Republicans will be a contest of credibility on the budget.
Cap and trade may not be dead. President Obama plans to be hiding an energy price hike in the tax code.