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    Economics / consumption, deficits, exports, GDP, health care, imports, inventories, retail sales, stimulus, unemployment, wages /

    The Economy Grows! So What?

    October 27, 2011

    The enormous sigh of relief we heard this morning when the GDP figures for the third quarter were released is absurd. I realize I am being a tad curmudgeonly here, but: so what? For the record this is the first, or “advance”, estimate and will go through two revisions before becoming final. Even after that […]

    Commentary / defense spending, deficits, Eisenhower, Federal Budget, fiscal policy /

    Eisenhower’s Nightmare

    October 26, 2011

    As Europe stumbles through its crisis unable to lead and unwilling to be led, we should not snicker at its constant postponement of critical decisions. We in America are deft at postponement too. At this very moment we have a committee sitting behind closed doors trying to come up with a list of budget cuts […]

    Commentary /

    The Message Is Seeping Through

    October 25, 2011

    Oh dear. The Financial Times has decided to make a fool out of me. There I was explaining to a friend of mine – a moderate Republican, perhaps the only one left – that I like reading the FT because it is far superior to the Wall Street Journal, when twice, in two days, it […]

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