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Analyzing President Obama's Economic Policies Before It's Too Late to Take Cost-Effective Evasive Action
This department is not about the politics of the Obama Administration. It is about its economics.
President Obama faces a worldwide recession, a huge and rapidly growing budget deficit, rising unemployment, widespread fear, and the threat of a run to get out of dollars if foreign central banks decide to stop buying U.S. Treasury debt.
No President has faced anything like this since Herbert Hoover departed, leaving Franklin Roosevelt holding the bag. In the 1930's, Roosevelt was able to raise the deficit without threatening the dollar. The Federal Reserve System could inflate without raising prices very much or threatening the dollar. President Obama is not in the same position.
Nancy Pelosi is the key -- the ramrod. If she can deliver the votes, she can increase the Federal debt by trillions of dollars before the next Presidential election. Obama will sign whatever she and Harry Reid out on his desk.
Ben Bernanke also has a seat at the table. So does the Secretary of the Treasury, who will formulate and articulate the government's responses to a disintegrating economy. In short, to imagine that Obama is in charge of economic policy is to misunderstand the nature of the American Establishment.
Events will get far beyond the ability of the Democrats to contain them. The rest of us will have to duck or else roll with the punches. I prefer the former.
He was vetted. It was payback time on Friday. He came up short. keep reading
This is not getting media attention. keep reading
It will raise your taxes. It may get you fired. keep reading
The Governor of Illinois says it does. keep reading
A little-known loophole lets most people out in 2014 and 2015. But you probably can't find it. I've posted the form. keep reading
Are we about to enter a new era of centralized control? keep reading
Some site members are worried that this is only the first step. keep reading
The Democrats made a strategic crucial mistake. It has now begun to backfire. keep reading
As she said, they had to pass the bill before they could read it. Surprise! keep reading
The Democrats have to call it something. But what? The future the Democratic majority is now at stake. Are they facing 1932? keep reading
This is going to change voting patterns. keep reading
They look to the past. But the future lies ahead. keep reading
The Democrats should have read the bill before they voted on it. keep reading
Incompetence vs. Conspiracy? It's an old debate. It has arisen again keep reading