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    Economics / business investment, Obama, Reagan, recession, recovery, stimulus, tax cuts, unemployment /

    New Stimulus … Sort Of

    September 7, 2010

    It is remarkable how long it has taken for the administration to realize that the economy needs another shot in the arm. All this year those of us who take notice of history have been arguing that we need an additional boost: recessions caused by financial collapses always take much more effort and expense to […]

    Economics / bailouts, banking, depression, Keynes, Minsky, Obama, Reagan, recession, recovery /

    Obama’s Failure: Part 2

    September 3, 2010

    A few of you have called me harsh in my criticism of Obama. Perhaps I am. Allow me to expand a little on why I have the opinion I do. My narrative goes this way: My worldview is largely informed by my own experience and education. No news in that. But it is heavily influenced […]

    Economics / fiscal policy, jobs, monetary policy, stimulus, unemployment /

    Jobs: Mixed News

    September 3, 2010

    One of the themes we are seeing most frequently nowadays is the stock market’s over reaction to any shred of good news and its avoidance of any bad news. Today’s report on employment is a classic example. The facts are these: payrolls dropped by 54,000 in August; the unemployment rate edged up to 9.6%; but […]

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