government

Today, I read an article by Robert Samuelson in the Washington Post advising that the U.S. allow drilling for oil in previous no-go drilling zones because the cost of oil is rising. Originally, I agreed with his assessment. Today, I have…

With oil prices edging up near $120 a barrel, isn't it time for a Windfall Profits tax on oil companies in order to alleviate the burden of the high cost of oil? The short answer is no. Let me explain why.

As I suggested in my blog titled 'The U.S. Economy 2008,' protectionism is the obvious outcome to a global economic downturn. As the economy turns down, people feel frustrated and angry. They look for scapegoats and turn to economic…

Barack Obama, speaking at a gathering in Gary, Indiana, made some very accurate comments about the dollar's weakness and its causes (see Reuters story)."We are spending all our money, spending overseas and spending dollars and nobody is…

This is a story of unequal re-distribution of wealth from the less fortunate to the more fortunate. This is a story of the United States in which the rich get richer at the expense of everybody else. At the conclusion, ask yourself: is this…

As the housing bubble pops, one major casualty is likely to be state and local government property tax receipts. It appears that state and local governments recklessly spent the windfall revenue that they received during the boom times and…

Earlier today in the news, it was revealed that our top man in the military in the Middle East, William J. Fallon has asked to retire and resign from his post (see story)This story may seem innocuous and of little to no consequence at a…