Rick Lazio Speaks to the NYYRC

The expounders of the Keynesian paradigm are nothing if not consistent.  Is there a danger of deflation?  Then open the money spigots some more, and raise that price level! In his article “What Can the Fed Still Do?,” Keynesian Bruce Bartlett explains that banks are sitting on over $1 trillion of excess reserves.  This money was, as they say, “injected” by the Fed during the financial crisis.  Economically, this makes is no different than counterfeiting, but I digress. A... Read More→

Yesterday, White House Spokesman Robert Gibbs caused a stir when he suggested that Democrats could lose the House this November election season.  Said Gibbs: I think there’s no doubt there are enough seats in play that could cause Republicans to gain control. There’s no doubt about that. Did Gibbs gaffe??  Some Democrats think so.  According to this Politico story, party supporters are angry: But Democratic strategists are privately grumbling that the White House press secretary... Read More→

Historic Events in Financial Regulation By Ronnie Guidone & Michael Armeno ronnie.guidone@mssb.com ; michael.d.armeno@mssb.com 1929 – Uniform Sale of Securities Act In the wake of the Crash of 1929, this act was intended to unify the varying securities practices amongst states. This Act was adopted in only five states and was abandoned shortly thereafter. 1932 – Senate Probes the Street The eight year bull market that signified the roaring 20’s powered by massive speculation and market... Read More→

Mark Steyn is certainly a genius, and succinctly sums up the essential failure of the American media, and also difference between politically engaged conservatives and every single other significant stripe of American politician: Referring to Richard Cohen’s June 22 piece President Obama’s enigmatic intellectualism in which Cohen writes “this, of course, is the Obama enigma: Who is this guy? What are his core beliefs?” Steyn writes in response, “Gee, if only your newspaper... Read More→

1. We are not as technologically advanced as I thought. 2. It is indeed a shame to see so much oil being wasted and not used to heat our homes or drive our cars. 3. Good thing the current government had not taken over the oil industry and halted capitalism and business, because like Obama himself stated, the government just does not have the technology that BP does. 4. I have to agree with Hayward that Americans are more likely to file lawsuits, whether “bogus” or genuine. 5. The isle... Read More→

The tragedy of massive government interventionism continues, even as the human spirit searches among the economic debris for hope. From MarketWatch: First-time applications for state unemployment benefits rose by 12,000 last week to a seasonally adjusted 472,000, the Labor Department reported Thursday, providing further evidence that U.S. labor markets remain very weak. The previous week’s initial claims were revised higher by 4,000 to 460,000 as more complete data were collected. Read... Read More→

During his oval office address last night, President Obama brought up two central themes that he has harped on over the past two months: BP will pay for what it has done and that offshore drilling has to cease production permanently.  However, the American people are TIRED of hearing this everlasting refrain.  They want to know HOW YOU plan to plug the hole Mr. President and clean up the oil spill in the Gulf Coast.  They don’t care WHO is responsible for the rig exploding and or for the... Read More→

Tonight the Libertarian Party of Manhattan met to nominate their candidates for the upcoming election season.  The night’s “main event” was between Mr. Ryan Brumberg and Mr. Dino LaVerghetta, both registered Republicans running for the 14th Congressional seat.  You can visit their websites here and here, respectively. I am not going to comment on the night as a whole, or even on the contest between Mr. Brumberg and Mr. LaVerghetta (which ended first in a tie!).  Rather, I would... Read More→

When: Tonight 5:00 PM – 8:30 PM Where:  Metropolitan Republican Club 122 East 83rd St (between Park and Lex) Help Republicans get on the ballot for this coming election season! This is a crucial task and we need all the help we can get. Tonight we will be helping Paul Niehaus, Dino LaVerghetta, and Saul Farber (fellow NYYRC member). Upcoming petition Tuesdays: June 15th, June 22nd, June 29th Questions? Email campaign@nyyrc.com  Read More →

Something funny is happening with inflation… or isn’t happening: Despite more than two years of interest rates near zero percent and vast amounts of “liquidity” being pumped into the system, consumer prices are falling. On Wednesday the Labor Department reported an unexpected -0.1% drop in April, the first decline since March 2001. So-called “core inflation,” considered a better long-term indicator because it excludes volatile food and fuel costs, is also grinding lower. It increased... Read More→