Economics & Economy articles

Outsourcing is not a dirty word

Outsourcing is good for the U.S. economy

Outsourcing is good for the U.S. economy

WASHINGTON, September 18, 2014 — Many prominent economists, like Paul Craig Roberts, blame outsourcing for a number of economic problems, including declining wages, high rates of unemployment, a shrinking middle class and a stagnant economy. This has been an issue for many years. But is outsourcing bad for the economy? President Barack Obama criticized Mitt Romney’s position in venture-capital

Canadian factory, circa 1913.

Minimum wage? How much should an employee be paid?

WASHINGTON, September 14, 2014 − Although issues like the Ukraine Crisis and the Islamic State threats are extremely important to the United States, the tendency of America’s political leaders to distract themselves by over-focusing on a handful of issues at the expense of others is clearly on display during this mid-term election cycle. Lurking in

Death and Taxes - two absolutes (Photo:

Why balance the budget?

WASHINGTON, September 9, 2014 — Representative Marcia Fudge, D-Ohio, spoke at the Akron Roundtable luncheon and asked, “Why is it so important to have a balanced budget? We haven’t balanced the budget but one time in the last 50 years.” We had budget surpluses in 1998, 1999, 2000 and 2001, but her question is a good one. Economist are

Vice President Joe Biden concentrating on President Obama's speech

Joe Biden: Value earned income like unearned income

WASHINGTON, September 6, 2014 — Vice President Joe Biden has called for reforming the U.S. tax code in such a way that it values a paycheck as much as unearned income. That means America needs to have a serious discussion on the capital gains tax. For most Americans, the lower rate for capital gains tax serves as a long-term

Jobs report continues to disappoint

WASHINGTON, September 6, 2014 — The Bureau of Labor Statistics just reported that the economy added 142,000 jobs in August. This figure was about 100,000 below economists’ expectations and about 80,000 below the average gains in the last five months. Is this a trend, or just a one month fluke? The consensus view is that the August

Cartoon by Branco.

Mediocre ADP employment report juices U.S. stocks

WASHINGTON, September 4, 2014 – U.S. stock market indexes look to open up this morning. Problem is, that’s what they did yesterday before turning in a miserable but predictably unenthusiastic post-holiday performance. This morning’s open, at least, may get a half-decent goosing from the ADP August payroll numbers, just reported. ADP, for those who may

Robber baron cartoon.

Stocks: Obama invents ‘immigrant rights,’ robber barons profit

WASHINGTON, September 2, 2014 – Whew! We’ve weathered another demagogic Labor Day, this one highlighted by yet another anti-American diatribe by America’s Prevaricator-in-Chief, Barack “The Duffer” Obama. In a provocative Labor Day speech in Milwaukee yesterday (take that, Governor Walker), the Nobel Prize-winning constitutional scholar added yet another new right to our ever-expanding, “living Constitution:”