The latest fiscal cliff idea: a higher federal gas tax. State highway officials and industries that stand to benefit from increased highway spending such as road builders and heavy equipment makers are among those pressing lawmakers to raise the 18.4-cent-a-gallon federal gasoline tax as part of a broad agreement. It's just one of a grab bag of proposals various groups are trying to tuck into a deal. [View news story]
I must have missed something in economics class. Take more money from the private sector to increase jobs and growth in the private sector ? Growth of the private sector is the only thing that will ever get any economy humming along. Can anyone name one instance socialist attempts to put a chicken in every pot has been sucessful. I guess history will just keep repeating this senerio. By the time every generation learns this never works they always find themselves in need of government bail outs
U.S. policymakers are in the "anti-capitalism business" and prolonging symptoms of the recession, says Jim Grant. Their actions are "all wrong" and "have nothing to do" with what the founders of the Fed intended, Grant adds, warning of the unintended consequences. (video) [View news story]
I believe it was Reagan that said "Government is the problem" Guess it still is. The best politicians are the ones who understand they should just get out of the way and America always comes roaring back. Sadly the other 99% don'nt get it about us.
In a twist of irony, Wall Street firms are gearing up for their own little secular bear market just as the rest of the economy regains its footing. As a regulatory tidal wave bears down, the big firms have begun slashing bonuses, laying off workers and getting out of markets they had no business being in the first place. Inevitably, this will mean a squeeze in profits - and a vengeful shareholder. [View news story]
Can't speak for anyone else. I can't recall ever being treated unfairly by any banker. If they do I just move on to another bank. Think they should work for free ? Whenever that day comes we'll all be working for free or the government. Only regulations I see coming will be used by politicians to squeese some more money out of the private sector.
BP -2.1% premarket after the EPA announces the company has been temporarily suspended from new contracts with the U.S. government. [View news story]
The latest fiscal cliff idea: a higher federal gas tax. State highway officials and industries that stand to benefit from increased highway spending such as road builders and heavy equipment makers are among those pressing lawmakers to raise the 18.4-cent-a-gallon federal gasoline tax as part of a broad agreement. It's just one of a grab bag of proposals various groups are trying to tuck into a deal. [View news story]
I guess history will just keep repeating this senerio. By the time every generation learns this never works they always find themselves in need of government bail outs
'Stupid Stimulus' Courts Disaster [View article]
If you ever want to get on the Fed board, You got my support.
A Boring 5% Yielder With Recent Insider Buying To Consider [View article]
I always find your articles good advice. bouught pulb earlier this year & have gone back for more since.
U.S. policymakers are in the "anti-capitalism business" and prolonging symptoms of the recession, says Jim Grant. Their actions are "all wrong" and "have nothing to do" with what the founders of the Fed intended, Grant adds, warning of the unintended consequences. (video) [View news story]
In a twist of irony, Wall Street firms are gearing up for their own little secular bear market just as the rest of the economy regains its footing. As a regulatory tidal wave bears down, the big firms have begun slashing bonuses, laying off workers and getting out of markets they had no business being in the first place. Inevitably, this will mean a squeeze in profits - and a vengeful shareholder. [View news story]