The Wall Street Journal APRIL 5, 2010 By IRWIN STELZER So we are to have a European-style value-added tax (VAT). That’s the emerging consensus in Washington as people come to recognize the reality of the deep financial hole into which the Obama administration has dug us. The Congressional Budget Office reckons we will be Greece […]
Small Bras and the VAT Read More »
Frank Roche, a Republican candidate for the North Carolina 4th Congressional District has an extensive international banking/economics background. He was a guest on the FOX Business Channel on numerous occasions and the following link shows a selection of video clips from those appearances. Here is the link. http://www.youtube.com/watch?v=cayMddVxIiE&playnext_from=TL&videos=UJwRQrwISbI
Video – Frank Roche Appears on FOX Business Channel Read More »
REVIEW & OUTLOOK APRIL 1, 2010 One more housing bailout to prolong the market agony. Last Friday the White House announced its latest plan to prevent mortgage foreclosures, and earlier this week the famous Case-Shiller index found mostly flat home prices in January with analysts warning about a new wave of foreclosures to come. You
The Permanent Mortgage Crisis Read More »
THE WASHINGTON TIMES GOOD VALUE: REFLECTIONS ON MONEY, MORALITY AND AN UNCERTAIN WORLD By Stephen Green Atlantic Monthly Press, $25 288 pages Reviewed by Roger Lott (Mr. Green seems to think of the modern global economy as consisting of chains whose weakest links must be preserved to prevent the whole thing from coming apart. What
Book Review – Good Value – Faulty Argument for a New Capitalism Read More »
OPINION MARCH 30, 2010 By CHARLES R. SCHWAB Today’s historically low interest rates may be feeding banks’ profitability, but they are financially starving our seniors. In February 2006, when Ben Bernanke was first sworn in as chairman of the Federal Reserve, the federal-funds target rate stood at 4.5%. That same year, the average yield on
Low Interest Rates Are Squeezing Seniors Read More »
OPINION MARCH 30, 2010 By ALAN REYNOLDS President Barack Obama’s new health-care legislation aims to raise $210 billion over 10 years to pay for the extensive new entitlements. How? By slapping a 3.8% “Medicare tax” on interest and rental income, dividends and capital gains of couples earning more than $250,000, or singles with more than
The Rich Can’t Pay for ObamaCare Read More »
REVIEW & OUTLOOK MARCH 30, 2010 President Obama today signs his nationalization of the college student loan market, which will put the Department of Education directly in charge of doling out cash to students and colleges. It’s one more plank in the cradle-to-grave entitlement state, but this landmark is also a good moment to recount
The Ballad of Sallie Mae Read More »
Democrats threaten companies hit hard by health care bill By: Byron York Chief Political Correspondent March 28, 2010 Rep. Henry Waxman, D-Los Angeles (Susan Walsh/AP) Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation’s top executives to Capitol Hill to defend their assessment that the new
The Examiner – Democrats Threaten Companies Read More »
OPINION MARCH 26, 2010 ObamaCare: Repeal, Replace or What? Editor’s Note: We asked five opponents of government-directed health care for their thoughts on our new health-care entitlement. Specifically: Now that ObamaCare is law, how should Republicans respond? Should they work to repeal some or all of it, and do they need to offer an alternative
WSJ – How Should Republicans Respond? Read More »
REVIEW & OUTLOOK MARCH 27, 2010 The ObamaCare Writedowns It’s been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what
WSJ The Corporate Damage Rolls In Read More »
