Global Market Commentary, Analysis and Investments
Plugging an oil leak in the Gulf of Mexico 18,000 feet below sea level may be outside of President Obama’s core skill set. The national debt, on the other hand, is at least situated on dry land.
Perhaps some new clogging strategies practiced on Deepwater Horizon may have additional uses… for the nation’s deeply-underwater deficit spending.
[Read more...]Dr. Ron Paul (R-TX) is a consistent critic of large government, as well as government intervention, and in a rather scholarly and nuanced sort of way. A prime example is his latest blog post, where he disputes the common complaint that President Obama is socialist and instead argues, more pointedly, that he’s in fact corporatist.
[Read more...]Government spending is out of control, and President Obama seems to at least recognize it…even if his administration is doing little to remedy it.
Instead, his efforts to rein in spending seem concentrated on health care reform, despite the fact that it’s such a convoluted and expensive proposition. Health care reform can’t help but invite the twin evils of confusion and corruption to the bargaining table.
[Read more...]Former Federal Reserve chairman Paul Volcker is one of few economists with both President Obama’s ear and some sense of the long term consequences of Fed interest rate manipulation. When the dollar was headed for crisis in the 70s, he stood firm to raise rates to 18 percent which, for a time, helped the dollar maintain value. In a recent op-ed piece, he further explains the consequences he sees of bank bailouts.
[Read more...]We’ll never agree on every point with The Daily Show, but most could probably agree that this one is hilarious… “You know, they said Obama was going to redistribute the wealth, they never said which direction. You see I figured this out, Obama’s a Socialist, but he’s also dyslexic. He’s redistributing the wealth… it’s just going the wrong way.”
[Read more...]Earlier today President Obama offered details on his package of “Middle Class Aid.” Whether or not the proposals are in the best interest of working Americans is yet to be determined. Of particular concern are the proposals that he suggests to help us “save for retirement.”
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Detour on the Road to Recovery
Two new polls, from ABC and CBS, are showing Americans are dissatisfied with how President Obama is handling the economy, and his approval ratings are at an all time low.
With fewer than four months remaining before the November midterm elections you can be sure he’ll usher the economy down any road it'll go.
[Read more...]