Most Americans are wondering if home prices have bottomed out or if they will continue to fall. The obvious answer is that they will continue to fall, and that answer comes from two important (and simple) pieces of data. The first is a comparison of median home price to median income. Everyone’s numbers differ slightly, [...]
While the Obama administration continues to pay lip service to the American ideals of freedom and prosperity, its actions clearly show that it supports very different values. In the waning days of the Bush administration, free trade deals were signed with three important American allies: Colombia, Panama and South Korea. Congressional leftists managed to destroy [...]
Chris Edwards of the Cato Institute devoted the time and and effort to analyze salary and benefits information published by the Bureau of Economic Analysis. This is the kind of reporting we don’t get from the mass media, because it requires critical thinking. Chris’s results are depressing, if not surprising: “In 2008, federal worker compensation [...]
The “Employee Free Choice Act” is another weasel-worded bit of newspeak from the Obama administration and their sycophants in the U.S. Congress. As per usual, the act contains a lot of provisions written in language that seems specifically designed to obfuscate it’s true meaning. But one thing about this bill is clear — it is [...]
The Congressional Budget Office (CBO) has published an interesting document titled Historical Effective Federal Tax Rates: 1979 to 2005. This is a fascinating document, because it breaks down taxes by who pays them. It shows us, for example, that the lowest earning quintile (20%) of taxpayers pay only .8% of all Federal taxes. On the [...]
These jokes about the current economy recently showed up in my Inbox. As bad as the economy is getting, laughter at least is still free. The economy is so bad that I got a pre-declined credit card in the mail. The economy is so bad that when I ordered a burger at McDonald’s, the kid [...]
