Author Archive

From MarketWatch: Boosted by hiring for the Census and a rebound from bad weather, the U.S. economy created 162,000 jobs in March, the largest seasonally adjusted increase in nonfarm payrolls in three years, the Labor Department reported Friday. Later, the story quotes Mizuho Securities economist Steve Ricchiuto and RBC Capital Markets economist Tom Porcelli: The March report “doesn’t tell you much about sustainability,” said Steven Ricchiuto, chief economist for Mizuho Securities... Read More→

Come out and meet New York’s Young Republicans at the annual NYYRC Spring Fling!  We’ve reserved The Australian for the big springtime party tonight! Wash the bad taste of healthcare “reform” out of your mouth with some Aussie brews and good cheer.  If we’re lucky, by 7pm the Democrats will have socialized the the alcohol market, and we can take advantage of our fellow citizens tax dollars and drink for free!!! The party starts at 7pm and includes: 3 hours of open bar and food!!! How... Read More→

No, not “global warming” err, “global climate change.”  I’m talking about the apologetic media intent on excusing Obama & Co. from creating a 20% underemployment rate.  The recent hottest excuse is that this winter’s inclement weather has chilled our job recovery. Recent ADP data for March revealed that the private sector shed 23,000 jobs in March, according to the ADP employment report released Wednesday. The report comes two days before the Labor Department... Read More→

Anyone who is convinced we’re on the road to economic recovery still has to grapple with a  staggeringly high underemployment rate of ~20%. It would be kind to call the politicians who say the we’re in a recovery merely misguided… they’re either delusional or intentionally misleading their constitutents.  It’s the un and underemployed Americans who remind them daily of their impotence in economic remedying. Perhaps to counter this, perhaps just to further increase... Read More→

One of America’s most destructive legislators is working to enact new banking legislation. Barney Frank (D-MA) is the Chairman of the House Financial Services Committee, and has a long, documented history in contributing mightily to the nation’s recent economic collapse.  He is otherwise known for sounding like Daffy Duck and acting like Goofy. This incredibly arrogant, stupid, and partisan little man has the unbelievable gumption to suggest that “I believe we will get a very good... Read More→

Come out and meet New York’s Young Republicans on March 31st at the annual NYYRC Spring Fling!  This year, we’ve reserved The Australian for the big springtime party! Reserve your tickets now to wash the bad taste of healtcare “reform” out of your mouth with some Aussie brews, good cheer, and nice weather.  We’ll organize, socialize, and strategize! If you RSVP by 3/26 using the Donation button located on the right side of our website, tickets are only $45 for 2010... Read More→

From MarketWatch: A Senate panel on Monday approved sweeping bank reform legislation to re-write the rule for capitalism without any Republican support, after GOP lawmakers on the committee decided not to include any amendments to the measure. Sen. Christopher Dodd, D-Conn., the chairman of the Senate Banking Committee, had senators vote on the underlying 1,336 page bill, without any Democratic amendments. The bill was passed with a 13-10 party-line vote. Why do I feel as though I’m on... Read More→

Yes, it looks like the Democrats have doubled down, and will do their best to ruin the country.  Here it is, from the “paper of record”: Obama Hails Vote on Health Care as Answering ‘the Call of History’ And how do we know this is a sham?  How do we know it won’t truly lower costs?  How do we know that the only way Obama got this monstrosity through Congress was by bribes – bribes not only to his Democrat constituents in Congress but to the private sector? Healthcare... Read More→

Just a quick recommendation for bored denizens here on the Web. There were two terrific articles online today: 1) On NRO – Our Subversive Founders, by Fred Schwarz. 2) On Mises.org – Politics Cannot be Fixed, by D.W. MacKenzie Both make the common (and now controversial) point that big government is incapable of solving the problems of society, but do so from different angles: Schwarz, using the wisdom contained in the Federalist Papers; MacKenzie from the perspective of an economist. Indeed,... Read More→

There are few things more distressing than economic depression.  The nation (and world generally) have been mired in fear and doubt concerning our economic well-being ever since the cataclysmic market collapse of September 2008.  At that critical juncture, governments stepped in to “rescue” the economy, TARP and “Stimulus” being only more memorable legislative actions. Here we stand, 17 months later, and economist Nouriel Roubini, who is widely acclaimed to have predicted... Read More→