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Category: US Economics

Coronavirus Proves America is Dangerously Overleveraged

Coronavirus Proves America is Dangerously Overleveraged

President Trump is on the precipice of signing the largest stimulus bill in history. A total $2 trillion package, nearly half of the entire federal spending budget for one year. While the grossly excessive bill is full of a litany of items totally unrelated to the coronavirus (money for the Kennedy Center, diversity initiatives, etc.), the funding is intended to be distributed to households, small businesses, and massive corporations to essentially hold them over until business can open as usual. …

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Trump Is Right, GTFO

Trump Is Right, GTFO

Liberals had yet another collective brain aneurism in response to one of President Trump’s tweets in which he suggested that certain progressive members of Congress should “go back and help fix the totally broken and crime infested places from which they came.” Some supporters are claiming that he is actually referring to the US Districts from which they came but I think it’s pretty clear he is indicating returning to foreign countries. This would prove a bit difficult given that…

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The Green Road to Serfdom… My Apologies Mr Hayek

The Green Road to Serfdom… My Apologies Mr Hayek

With over two dozen Democratic presidential candidates promising voters a surfeit of free stuff; college, health care, reparations, etc., one candidate is trying to break away from the pack by not just offering free stuff but also proposing an expensive and invasive government program that makes the New Deal look cost-effective. The candidate is Washington state governor Jay Inslee (don’t worry, I’ve never heard of him either.)  Governor Inslee’s Evergreen Economy Plan is essentially a more thorough and detailed version of…

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Yes, Let General Motors Fail

Yes, Let General Motors Fail

Hot off the presses yesterday was the news of General Motors 14,000 employee layoffs expected before the Christmas holiday. President Trump responded with an angry tweet threatening to cut off subsidies to GM in retribution for the redundancy while liberals on social media responded with “Muh… It’s Trump’s fault.” While the retaliatory subsidy threat wasn’t warranted by the President, he is right on the mark when he says the subsidies must go. (Even when he is wrong, he is a…

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