davidl on September 8th, 2013

Maybe the House of Representatives can simply declare Australia to be part of Kenya and those make their new Prime Minister designate, Tony Abbottt, a natural born American citizen? From Daniel Hannan, Telegraph: Australians like their politicians blunt and pugilistic, and Abbott is certainly that. But his detractors often miss, or affect to miss, his […]

Continue reading about Oh to be in Oz: Tony Abbott New Aussie PM

The news events of the last few months have certainly put the Obama Administration in a peculiar position.  The Gulf crisis notwithstanding, most of these events have been created by this president and his staff.

Team Obama went the the G20 Summit in Toronto this weekend to chide the other 19 nations to continue to stimulate their economy through Keynsian economic principles.  “Not so fast”, said the other countries.  “We have to make choices, and right now, we choose fiscal solvency and prudence”.  What a concept!

Passage of the Financial Institutions Reform package was always tenuous, at best, but the death of Senator Robert Byrd over the weekend makes passage more difficult.  One less Democratic vote means that it’s more likely that Republicans can filibuster this package, and this is a good thing.  Here’s why:  Any bill that increases regulation, drives up costs to the consumer, and squeezes financial services companies’ margins will negatively affect the economy.  The costs of increased regulation always get passed along to the consumer in some way, shape or form.  Limiting profits also limit tax revenues […]

Continue reading about The Case Against Financial Institutions Regulation (and Other Sundry Items)