Lou Dobbs testified before Congress last month about the supposed perils of free trade: Since the beginning of this new century, the United States has lost more than three million manufacturing jobs. Three million more jobs have been lost to cheap overseas labor markets… That's 6 million jobs. Donald Luskin points out that there are only 6.7 million unemployed people in the … [Read more...] about Lies, Damn Lies, and Lou Dobbs
Economics
Don’t They Get Enough Money Without Needing Mine?
I hate writing checks that end with To the Order of United States Treasury I just hate it. … [Read more...] about Don’t They Get Enough Money Without Needing Mine?
The Pain of Taxation
Today is tax day. Relax, it's not tax day for you unless you run a business. I incorporated my software consulting business a few years ago, so every year I have to file two sets of tax returns, one for the corporation and one for me. Corporate taxes are due today. Rather than wait until the last minute, I started working on them yesterday. At 8:30 pm. Now, eight hours … [Read more...] about The Pain of Taxation
Stock Market Reacts!
According to an AP wire piece by Tim Paradis titled "Dow reaches new high on election results", Wall Street rose for a third straight session Wednesday, with the Dow Jones industrials reaching another record close as investors grew more confident that a huge victory by Democrats in congressional elections would result in gridlock and keep lawmakers out of the way of business … [Read more...] about Stock Market Reacts!
Stock Market Reacts!
According to an AP wire piece by Tim Paradis titled "Stocks fall on midterm election results", Wall Street retreated Wednesday after Democrats scored a huge victory in congressional elections, raising questions about how sympathetic the federal government will be toward business. There are three problems with this observation. First, by "Wall Street," he means the Dow Jones … [Read more...] about Stock Market Reacts!