The Radford Free Press – Page 285 – All life is problem solving.

Economics / Bush, Obama, Orrin Hatch, taxes, unemployment, wages /

Inequality Intrudes

July 11, 2011

Senator Orrin Hatch made a fool of himself last week when he seemed to suggest that the poor were not paying their share of taxes. The middles class, he said, is paying too much, so we should not reverse the Bush tax cuts on the wealthy. After all, he argued, is a $200,000 a year […]

Economics / consumer confidence, consumption, deficits, jobs, Obama, recovery, unemployment, wages /

This Stinks – A Rotten Jobs Report

July 8, 2011

Sorry. There is no other way to describe today’s employment report. It stinks. There is no saving grace. No excuse. No special circumstance to suggest it is an aberration. No. It just stinks. One of the reasons I didn’t comment about this week’s ADP payrolls report was that I felt it would misrepresent things. In […]

Commentary, Economics / banking, bankruptcy, Citibank, fiscal policy, Minsky /

Bankruptcy At The Top

July 6, 2011

One of the more difficult aspects of our crisis to digest is the manifest bankruptcy displayed by our various elites. Intellectual and moral bankruptcy that is, since as far as I can tell they have all done rather well financially. Exhibit 1: The politicians who are now ranting and raving about what they call the […]

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