TCS Daily : October 2010 Archives
When Unions Vote Your Money
President Obama has attacked business groups for campaign spending, but as the 2010 election campaign comes to a close, the biggest contributor is the American Federation of State, County and Municipal Employees, which has bragged about pouring $87 million into thi
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QE Lite...
Perhaps I was right to give Treasury man Tim Geithner the benefit of the doubt over his statements last week hinting at King Dollar protection. Perhaps. Today's big news on the Fed's QE2 money-creating policy -- due out the day after the election -- suggests a mini
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America at Debt's Door: A Primer
The economic center of gravity is shifting from West to East as America faces economic problems and China remains the world's fastest-growing major economy. Do these events signify the eventual end of American predominance?
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America at Debt's Door: A Primer
The economic center of gravity is shifting from West to East as America faces economic problems and China remains the world's fastest-growing major economy. Do these events signify the eventual end of American predominance?
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Tea Party Clarity on the Deficit
Despite the hegemonic control they've enjoyed since January 2009, Democrats continue to blame George W. Bush for everything, especially the budget deficit. Democrats trot out the "Clinton surpluses" from 1998 through 2001. But were there any surpluses?
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Will Tim Geithner Resurrect King Dollar?
Apparently, the weak dollar doesn't concern Fed-head Ben Bernanke all that much. But in a new wrinkle to this story, one wonders if Treasury Secretary Tim Geithner is suddenly paying attention to the greenback.
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White House's Newest Villain Is Big Business
Image by Getty Images via @daylife Believe it or not, with jobs falling for four consecutive months and unemployment stubbornly high near 10 percent, President Obama is out on the campaign trail bashing businesses and promoting class warfare. Huh?...
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Go, Don't Go
I know you're worried about terrorist plots, but you can stop right now. At least you can if you're living in the United States, where the government is taking two vital measures to put a halt to all that danger and fretting.
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Health Care Plans, Waivers, Choice?
President Obama promised in 2009, when the Patient Protection and Affordable Care Act was being debated, "If you like your health plan, you can keep it." Maybe not. You can't keep your plan if your employer or your insurance company drops it.
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The Wrong Way To Think About Inequality
In the last month, a new paper called "Building a Better America -- One Wealth Quintile at a Time," from Michael Norton and Dan Ariely has drawn some attention to the issue of wealth inequality in America, but does little to inform the debate.
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Jobs Tepid, Dems Out, Stocks Up?
Friday's unemployment report for September, the last before the election, brought more bad news for the Obama Democrats. But more and more, it seems bad economic news illustrating the failure of Obamanomics becomes good news for stocks on the expectation of a GOP t
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The Wealth Inequality Mirage
While most Americans are concerned about the country's high unemployment rate, a few elitists seek to use it as a pretext for their leveling agenda. Whether the country is prosperous or struggling to climb out of recession, as now, they complain about an economic i
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Stocks Gallup Higher
Could it have been the new Gallup poll that drove stocks up almost 200 points on Tuesday? That blockbuster survey, regarded by many as the blue-chip gold standard for election forecasting, pointed to an unprecedented Republican landslide tsunami in the generic cong
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Money Is Still Money, Isn't It?
The emphasis on America's total federal debt deflects our attention from a more pressing matter. Rather than the aggregate number, what the media should focus on more intensely is the yearly number: the deficit.
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With Tax Hikes, Look For the Union Label
As membership in public sector unions surpassed private sector union enrollment for the first time, the event signified deeper changes in labor in America. The new labor movement, dominated by government workers, is an increasingly white-collar interest group, cult
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A Hug Too Far
Am I the only one who saw weakness when President Obama and his departing chief of staff Rahm Emanuel gave each other big, fat, full-bore hug following their speeches at the resignation event in the White House's East Room on Friday?
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