Tag Archives: 'economics'

• A Lotto Money

  And this week’s sign that the apocalypse may be upon us…* “A household with income under $13,000 spends, on average, $645 a year on lottery tickets, about 9 percent of all income.” (via kottke) * This has been previously addressed; ditto.

• Yahoo Is A Dot-com Bubble Veteran

  While reading about the failed Microsoft-Yahoo bid (which may still happen), it was mentioned how Yahoo! has historically overpaid for the acquisitions it has purchased over the years, including nearly 5 billion dollars spent on GeoCities, the personal homepage service (now mostly defunct), in 1999. Ahh, the height of the dot-com bubble. Graphing the full [...]

• Gas Tax Holiday Redux

  I am not the only one who believes that the Clinton/McCain gas tax holiday is a bunch of nonsense. The democratic nominee herself cannot find one economist to support the idea as being even remotely beneficial to the economy. When pressed by ABC News on this issue, Hillary responded: “I’m not going to put my [...]

• Gas Tax Ruse

  I wanted to opine on this silly temporary repeal of the federal gas tax idea that is being sold by Hillary Clinton and John McCain. It makes little to no sense. In fact, it will end up being detrimental to our economy. It is quite the opposite of taxpayer relief. Clinton and McCain suggest that [...]

• In the News

  - Listening to Bush, McCain and the republican talk machine, the surge is “working,” however April has been “the deadliest month [for U.S. forces] since September.” – The president has received a stay-of-execution (of sorts) with the report that the economy grew at 0.6% in the first quarter, and did not contract. – And the [...]

• Liveblogging the Bush Economics Speech

  8:44amBush: “Isn’t it a good idea for our goods and services to be treated as if they were from Colombia.” Including cocaine? 8:46amBush: “My administration is not afraid of dealing with issues.” Except health care reform. 8:47amQuestions. 8:50amBush: “Markets respond to the collective wisdom of consumers.” We’re doomed. 8:51amBush: “I am the kind of guy [...]

• Democratic Harbinger

  How can a democrat not take the White House in 2008? According to a new poll, “for the first time since 1992, a plurality of voters heading into November’s election” say they are worse off than four years ago. That has never bode well for the incumbent (or his party) and is certainly a harbinger [...]

• Clinton And Obama Wrong On Taxes

  I wholeheartedly agree that the Bush tax cut, which mostly helped the wealthy, has had negative effects on the national debt. However, I do not applaud the top two democrats stating unequivocally that the Bush tax cuts should be rolled back, and would be during their presidency. I do not want that, because under Bush’s [...]

• Qualifying Myself

  In defense of my post bashing Social Security… I reject the notion that it is somehow “liberal” to follow the status quo with Social Security. How has it become liberal to resist change of a federal program? Liberalism is welcoming change, and valuing new ideas, not blindly rejecting them. This is where Democrats have failed [...]

• Social Security Trust Fund

  I sat through one of the more hilarious unintentionally funny lunch-time seminars at work today. A representative of the Social Security Administration illustrated the Social Security benefit system with the theme, “Social Security: There when you need it.” The presentation was brief, lasting only forty minutes or so. The first part was relatively beneficial. She [...]

• Press Lines Them Up, Bush Hits Them Deep

  Bush was asked about the state of the economy at today’s press conference, which I unfortunately missed. There were some good lines, including Bush starting off by saying, “I say that the fundamentals of our nation’s economy are strong.” Simon says. Bush: “You need to talk to an economist. I think I got a ‘B’ [...]

• In the News

  - A bill that would allow the children of illegal aliens that have excelled in high school to be exempt from deportation if they go to college is being considered in the Senate. This is what we are waiting for, sensible immigration policy. Alas, the right are calling it “amnesty.” Amnesty is “an act of [...]

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