Economy

Tory Gattis offered interesting commentary on a Wall Street Journal Op-Ed titled, “Soak the Rich, Lose the Rich.”

The opinion piece’s main assertion is that high taxes states have suffered from a mass relocation to no-income tax states such as our own Texas. Gattis adds, “Texas created more new jobs in 2008 than all other 49 states combined.”  Read More »

My commentary on last night’s speech is neither needed nor relevant but that does not mean that the words spoken by the erudite … eloquent … Barack Obama should be forgotten. Here are some of my favorite quotes from last night's Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress.

“We will rebuild, we will recover, and the United States of America will emerge stronger than before."
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In the Information Age ... everyone and anyone can be held accountable. Websites start up by the millions everyday but there are a select few that will have the utility that Stimulus Watch will for Americans these next months.

StimulusWatch.org is a non-partisan, volunteer website in which all projects that will be funded by the Economic Stimulus Plan are listed by location, decription, cost, project type and an estimate of jobs that will be created.  Read More »

"When (President Franklin) Roosevelt did this, he put our country into a Great Depression. He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That's just history." - Steve Austria on Economic Stimulus Plan

Darrel Rowland of the Columbus Dispatch adds, "Most historians date the beginning of the Great Depression at or shortly after the stock-market crash of 1929; Roosevelt took office in 1933."  Read More »

So, you want to know why the heck Republicans took a backseat and then complained about the structure of the Economic Stimulus Plan even after Democrats compromised on infrastructure to include tax cuts?

It is elementary my dear ... Republicans wanted to humilate President Barack Obama on his first major piece of legislation. Their strategy meant that a sound defeat of anything touted by the Democrats would remind Americans that they still had some clout even after suffering losses in the last two election years.

 The other objective makes sense once you entertain why we have to be passing an Economic Stimulus Plan in the first place. How else do you fix the last 8 years? You make the next 4 even worse!  Read More »

“So then you get the argument, well, this is not a stimulus bill, this is a spending bill. What do you think a stimulus is? That’s the whole point. No, seriously. That’s the point.” - President Obama on Stimulus Plan  Read More »