By Bill Wilson — As part of the resolution to the 1973 oil shock, the petrodollar was born when Richard Nixon convinced Saudi Arabia to only accept dollars for payment of oil in return for protecting their oil fields and a guaranteed return on investments in U.S. […]

By Bill Wilson — Obama thinks the current run up in gas prices is a good sign, evidence that the economy is improving. Except, in 2011, the global economy slowed down while oil and gas prices were rising along with a broad range of other commodities including […]

By Bill Wilson — Former White House Council of Economic Advisors head Christina Romer apparently never thought the $800 billion “stimulus” that was supposed to turn the economy around would work, a new book shedding light on the early days of the Obama Administration says. A memo brought to light in “The Escape Artists” by Noam Scheiber shows Romer originally proposed a spending plan that totaled $1.8 trillion , but […]

By Bill Wilson — This legislation the House has passed that will extend the payroll tax holiday, unemployment benefits, and the “doc fix” for another year without paying for it will add $165 billion to the debt over the next three years . This is simply inexcusable. They are promising partial pay-for’s down the road, such that the ten year […]

By Bill Wilson — In high-brow business seminars as well as casual conversations and in every form of discourse in between, there is a strong sense of foreboding; a nagging sensation that something is fundamentally wrong. There is, of course, no end to the partisan and ideological […]

By Bill Wilson — Only in Washington, D.C. can a proposed budget that increases spending and borrowing every single year be considered to somehow reduce the deficit. The latest Obama budget for Fiscal Year (FY) 2013 — and how the Administration is spinning it — was no exception. According to Barack Obama himself , the proposal would somehow “reduce” the deficit […]

By Bill Wilson — Once again, the Obama Administration is proposing to borrow another $1.3 trillion to pay for unsustainable increases in government spending , which under the budget will not be cut on a net basis any year over the next decade. There are no real reforms proposed to prevent entitlement programs from dragging the Treasury into the Abyss of insolvency. Meanwhile, he […]

NRD Editor’s Note: This column was originally published at The Washington Examiner . By Bill Wilson — In late December, Barack Obama announced that he believed the U.S. Senate was in recess and that he had the right to plant four people into sensitive governmental positions without Senate concurrence.  Coming […]

By Bill Wilson — Despite overwhelming objections to his regulation, Obama has announced he is moving forward with his regulation forcing religious-affiliated employers like hospitals, schools, and charities to provide contraception in their plans without modification, giving them one year to figure out how to implement it. […]

By Bill Wilson — Barack Obama has once again reminded the American people that he has no reservation at all about dictating to his subjects what they must do and when they must do it. Take his most recent power grab. Whether one agrees with the use […]