From the minute the Affordable Care Act was signed into law it was destined for the Supreme Court. Lower courts are split on the issue, with some contending ObamaCare oversteps federal authority while others accept it as the central government’s legitimate function. The stakes will be high when the Supreme Court hears arguments next summer. […]
If you ask most liberals why they are liberal you will normally get answers like this-“I care about the needs of the poor and oppressed”, or “I believe that government should work to create a ‘just’ society that provides for the needs of all people.” Conversely, if you ask liberals what most conservatives believe, they […]
Is the world banking system about to collapse? How will it affect you? Last week the virtually unregulated US Federal Reserve Bank (FED) and five other countries’ central banks made it cheaper and easier for banks to borrow dollars in emergencies to cover their obligations. US dollar denominated trade with the Euro-zone and other European […]
It has been said that people possess a herd mentality. If some admired (for whatever reason) person makes a testimonial supporting some product or another, that is supposed to inspire other people to go out and buy that product. Advertising has used this endorsement tool forever. It evidently has a proven track record. Joe Namath […]
I believe that the OWS crowd has a legitimate beef with the Wall Street Barons who: -Made all the financial/investment mistakes imaginable leading up to the Crash of 2008 that is still lingering with us; -Ran to Washington to get bailed out; and -Now have had all of their wealth restored and kept their jobs with […]
“It’s not even a theory; it is a theology.” So Nouriel Roubini, with his best Strangelovian inflection, describes the gold standard to Yahoo Finance’s The Daily Ticker, and in doing so displays shocking ignorance of the gold standard and either the work of Ben Bernanke or a presumption that the rest of the world is […]
Numerous articles have recently been published warning of the dangers of “GROWING INCOME INEQUALITY!” Rich people are reported to be accumulating wealth at a faster pace than the lowest income citizens. Oh, the horror!!! Okay, really, am I missing something? So…, what’s wrong with that? I suppose that the authors of those articles presumed […]
Bank of America (BAC) has rescinded its plan to charge customers a $5 monthly debit card fee. Shall we praise bank regulators for their swift action in preventing the exorbitant charge? Well, no. Then we’ll credit politicians for legislating against greedy, big bank profiteering, right? Wrong again. The free market drove BAC to drop the […]
Nobody ever won a war with a string of Pyrrhic victories. You remember King Pyrrhus, he who ‘won’ two major battles with the Romans only to ‘lose’ in the long run because he ran out of men? Just like no football team ever won the national championship with a string of ‘moral victories’ (meaning ‘close […]
Virginia Attorney General Ken Cuccinelli was the keynote speaker at the 2011 NCGOP Hall of Fame Awards Banquet last Saturday, November 19 in Cary, NC. Elected Attorney General in 2009, Cuccinelli has become one of the nation’s most prominent adversaries of President Barack Obama’s health-care reforms. He immediately filed a lawsuit claiming “Obamacare” was unconstitutional. His speech […]
