
Friday, Nov. 6, 2009
Against the backdrop of high unemployment and a public revolt against a Democratic health care bill - which would significantly increase taxes, slash Medicare spending and massively raise health care spending elsewhere in a government takeover of our leading growth sector - Republicans scored two dramatic victories on Election Day.
Taking up Jack Kemp's cause
Friday, Oct. 30, 2009
It must be something in the water. The ruling Democrats know their tax-increasing, re-regulating and big-spending policies have failed to rejuvenate job-creation or reduce the unemployment rate. Yet they persist in trying more of the same.
Beware weakening dollar, higher tax prospects
Monday, Oct. 19, 2009
Dow Jones 10,000 arrived on Wall Street Wednesday for the first time in a year. It's a milestone of sorts, and it certainly represents a vote for investor confidence in economic recovery. Blowout profit reports from Intel Corp. and JPMorgan Chase & Co. helped fuel the day's 145-point gain. So did a retail-sales report that - excluding "cash for clunkers" - was actually quite strong.
Stable dollar and lower taxes are the answer
Friday, Oct. 9, 2009
Team Obama is in economic trouble on two fronts right now: The dollar could be headed toward its demise while the jobs and unemployment numbers have gotten worse. (The unemployment rate is up to 9.8 percent as of the September report released last week.) However, there's a simple policy mix the White House could adopt to fix this. It could enact the Mundell-Laffer supply-side approach of a steady King Dollar for price stability and low marginal tax rates to spur jobs and economic growth.
Consider a market-price rule
Thursday, Oct. 1, 2009
Attendees of the Group of 20 meeting in Pittsburgh and members of the Federal Reserve Board in Washington should carefully read a Wall Street Journal Op-Ed column by Fed governor Kevin Warsh. In a piece titled "The Fed's Job Is Only Half Over," the former Wall Street investment banker sends a shot across the global economic bow. He says the Fed's job will not be done until it removes the easy-money policies put in place over the past year. In other words, an exit strategy.
Is the right too pessimistic about today's economy?
Friday, Sept. 4, 2009
Believe it or not, sometimes good news on the economy can be bad news for stocks.
A reporter for faith, freedom, free enterprise
Friday, Aug. 21, 2009
Today, the day of his funeral Mass, we say goodbye to Robert Novak, who passed away early Tuesday morning at age 78. Yet another conservative icon has left us. He was a good friend and an amazing reporter. In fact, I believe he was the best reporter of his generation, which spans all the way back to the Eisenhower years.
A slip of the tongue and a telling truth
Friday, Aug. 14, 2009
It's hard to know why President Obama said what he said at Tuesday's health care town hall meeting in New Hampshire. He actually stated, "If you think about it, UPS and FedEx are doing just fine. It's the Post Office that's always having problems."
Obama policies won't make things better
Monday, July 6, 2009
After nine months of explosive monetary and fiscal stimulus, you would think economic recovery would be upon us. But the June jobs report tells a much different story.
Consumers won't drive 'Government Motors'
Tuesday, June 2, 2009
Get ready, folks. America has bought a car company. As of Monday, we, the taxpayers, own a majority stake in General Motors Corp. Whether the company will be formally renamed Government Motors remains to be seen. But that's what it will be.