By Bill Wilson — Sometimes, government officials tell the truth, and when they do, watch out. It might be a good idea to hold on to your wallet. A recent example is International Monetary Fund Managing Director Christine Lagarde commenting on the European debt crisis in Berlin on Jan. 23 .  Even though the European Financial Stability Facility (EFSF) has already committed €440 billion, the […]

By Bill Wilson — In the Jan. 16 Republican presidential debate in South Carolina , former Massachusetts Governor Mitt Romney was asked another question on whether he would support the use of taxpayer dollars to finance a bailout of banks in Europe that bet poorly on the sovereign debt of socialist governments like Greece. Call it a […]

By Bill Wilson — In 2010, Republicans swept into the majority of the House of Representatives on a bold platform that included repealing the unpopular Obamacare legislation, cutting $100 billion from the budget in the first year in power, rolling back the Dodd-Frank financial takeover, and reining […]

By Bill Wilson — Over the past century, economies have become more integrated — trading more goods and services around the world, moving capital globally, labor being shifted overseas, and just recently in history, the worldwide dissemination of information has become instantaneous with the power of the […]

By Bill Wilson — Since Barack Obama assumed office, according to the Bureau of Labor Statistics, the total population over age 16 has grown by 5.845 million to 240.5 million , and yet, since then, the civilian labor force has actually shrunk by 349,000 — from about 154.2 million to 153.8 million. This is a startling contradiction, and it is at the heart of why the unemployment rate is much […]

By Bill Wilson — There’s a first time for everything. On Jan. 4, Barack Obama made four recess appointments: Richard Cordray to the Consumer Financial Protection Bureau and Sharon Block, Terence Flynn, and Richard Griffin to the National Labor Relations Board (NLRB). In itself, that’s not unusual.  […]

The appointment of Richard Cordray to the Consumer Financial Protection Bureau , and all acts he may take while in his post, are not worth the paper they are printed on.  Barack Obama has rammed through a phony ‘recess’ appointment when there is no recess, and now he borders on being a tyrant.  Obama cannot […]

No deal is better than a bad deal on extending the payroll tax cut and unemployment benefits.  This plan will blow a $180 billion hole in the budget, and right now there are no offsetting spending cuts on the table to help pay for it.  […]

By Bill Wilson — According to former U.S. Labor Secretary Robert Reich , employment needs to grow by at least 90,000 a month just to keep up with the growth of the population. But, since the fall of 2008 , the civilian labor force has actually shrunk from 154.7 million to 153.8 million , a contraction of about 900,000. It’s not that fertility […]

By Bill Wilson — Faced with a barrage of criticism for new legislation that professes to deal with Internet piracy, House Judiciary Committee Chairman Rep. Lamar Smith has introduced a manager’s amendment that has, according to Smith , “addressed I believe all of the legitimate concerns out there.” There’s only a small problem. It doesn’t come close to addressing all of the […]