By Bill Wilson — Another price shock in oil and gasoline prices, with oil above $100 a barrel and gasoline marching steadily to $4 a gallon nationally, would not be complete without Democrats again waiving the speculators’ card. The latest peddler of this myth was none other […]

By Bill Wilson — Speaking to the National Governors Association, Barack Obama implored governors from across the country to stop cutting spending: “Too many states are making cuts that I think are too big. Budgets are by choice, so today I’m calling on all of you: invest […]

By Bill Wilson — According to conventional wisdom, one of the benefits of a weak dollar is that it boosts exports, thereby reducing the trade deficit. But is that true? Since the weak dollar — the world’s reserve currency — also has an inflationary effect all over […]

By Bill Wilson — Congressional Democrats are once again resorting to the tired line of price manipulation by so-called speculators and oil companies to explain why Americans are paying more at the pump. Meanwhile, the Obama Administration is accounting for rising prices by market forces, saying alternatively […]

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 […]