Raising the minimum wage making things worse
December 15, 2008
Back in August, I wrote about how raising the minimum wage can increase unemployment since government mandated wage increases puts a strain on small businesses, increases prices and deflates buying power.
Today, Morrissey over at Hot Air brings us news of a new book written by a professor of economics and an associate director of research and statistics at the Federal Reserve Board noting how the working class is getting punished for the minimum wage hike enacted a couple of years ago.
AP story notes Republican involvement in GSE mess
December 7, 2008
I’m fully on board with blaming Democrat lawmakers in Washington for contributing to the mortgage crisis that started with Freddie Mac and Fannie Mae. Republicans introduced legislation that would more closely regulate the government sponsored entities (GSEs). Democrats - including Barney Frank (D-Mass.) - blocked that legislation, all but calling those asking for the changes racist.
Fox News and bloggers brought those stories to light, and now the Associated Press has written a story targeting former Republican lawmakers and staffers who were hired in 2006 by the GSEs to help keep Congress off their back. I’m willing to hear the evidence from 2006, but remember that the damage was already done by this time.
Obama serious about New Deal v2, spending not the answer
December 7, 2008
Here we go. On one hand, you’ve go the incoming administration promising everything for everyone, and on the other hand it looks like federal and local governments think the election results were the go ahead to identify and implement new revenue streams; like taxing belching cows.
How does a 4.5% mortgage sound to you?
December 4, 2008
As I walked through the living room just now, I heard talk of a 4.5 percent fixed rate mortgage on Fox News. Financial industry lobbyists are knocking on Hank Paulson’s door at the Treasury Department with a plan in hand to lower interest rates to help “stabilize” the housing market. Will everyone be able to refinance their mortgages at 4.5 percent?
Does our government trade with Japan?
November 26, 2008
The short and correct answer is no, and our government does not trade with any other country either. Walter Williams offers us a timely lesson today since Congress, talk radio and the nation is discussing the proposed bailout of the nations big three automakers.
I’m not sure if GM, Ford and Chrysler really make up the nations big three anymore, but I do know that when we recently purchased a Toyota, we worked with a dealer - not the United States or Japanese government.
