You call this a recovery?
This is what happens when you put people in charge who not only don’t understand how economies work, but think that it’s more important to redistribute wealth than to create it.
Category Archives: Economics
How The Dems Will Deal With The Medicare Issue
They’ll just lie.
It’s actually how they deal with most issues. They don’t have much other choice if they want to win.
Climate Bait
We intend to file a lawsuit.
[Fist pump] Yesssss.
Anthony Watts has also dug up a couple useful older posts with which he had been previously unaware, including one of mine.
[Update a couple minutes later]
It strikes me that Mann is using his hockey stick for an own goal.
The EPA
…recognizes no legal limits. In that, it has a lot in common with much of this administration. I’m glad to see the courts slapping this kind of thing down.
The New Deal
Time to finally bring it to an end. The notion of positive rights is intrinsically Marxist.
Apocalypse Not
Why you shouldn’t worry about the end times.
What Produces More CO2 Than Gas?
Wind.
Paul Ryan
Methanol
Bob Zubrin says it’s time to legalize it.
Given the EPA’s track record, I’m not inclined to give them the benefit of the doubt.
The “New Normal”
Jimmie Pethokoukis isn’t buying it:
…the president’s a recent convert to this religion of low expectations. He certainly didn’t buy it when he took office. Back then, he predicted a quick and powerful economic rebound — if only lawmakers implemented his policies, such as the $800 billion stimulus. Which Congress, then with strong Democratic majorities, quickly did.
In 2009, for instance, the White House said the economy would be growing at a brisk 4.3 percent annual clip this year, with unemployment down to 5.6 percent. Indeed, Obama’s top economists predicted we’d be smack in the middle of a fat streak of high-growth years: 4.3 percent in 2011, followed by 4.3 percent growth in 2012 and 2013, too. And 2014? 4 percent growth.
Ronald Reagan and Bill Clinton would have nothing on Obama, these predictions suggested. Back then, Team Obama scoffed at the dismal New Normal faith.
Yet we’re still waiting on the boom that they promised. Now they’re evangelizing for “the New Normal” — and hoping enough voters buy the excuse.
It’s almost as though they don’t know WTF they’re doing.