Tag Archives: American economy

Work for What You Need

Reprinted from Mullings.com

Regular readers know that I have the same understanding of global economics as a three-year-old has of quantum physics.

I watch CNBC’s Squawk Box every morning because I know a lot about politics and don’t need to watch (a) people I know talking about what I know or, (b) people I don’t know making stuff up about things they don’t know.

I have never made a dime in any investment so, hope springing eternal, I like to listen to people who have made multiple dimes. Continue reading

Populism Run Amok

Reprinted from TheFeeheryTheory.com

First published in The Hill.

Andrew Jackson was our nation’s first populist president.

He ran against the moneyed Eastern Establishment and abolished the Second Bank of the United States.

Jackson also was the only president to pay off our national debt. Soon after erasing the debt and squashing the national bank, an early version of the Federal Reserve, the American economy went into a severe depression.We have never paid off our national debt again. Continue reading

Obama’s America

Reprinted from Mullings.com

This is the first of an occasional series of what I am calling “Obama’s America.”

While the political elite are focused on the Republican primary fight, the rest of America is focused on looking for (or keeping) a job; hoping the kids are actually learning something at school; despairing over, while staring at, their evaporating retirement accounts; and wondering, while they watch geniuses like me verbally spar with other geniuses on cable talk shows who, if anyone is actually watching the store.

I started thinking about this while contemplating the Was-Bain-Capital-The-Bane-Of-The-American-Economy action in South Carolina. Mitt Romney is a big boy and has a good campaign. They opened the door to the attacks by Newt Gingrich by attacking Gingrich in Iowa. Continue reading

When I’m 65: Then is Now

Reprinted from Mullings.com

Allow me a day of what, bragging? Whining? Maybe both.

Today I turn 65.

When I was a kid I don’t think I knew anyone who was 65. I thought people who were 35 were old. When I was a kid 35 was the new 65.

I am not one of those people who rue birthdays that are divisible by five. Thirty bothered me because it was the passage between being young and being a grownup, led by the fact that The Lad was born. None of the next six have given me pause.

This one didn’t either, until last Thursday. Continue reading