Tag Archives: Federal Reserve

Never Forget the Dream

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

Originally published on The Hill.

Two analyses of the current political environment recently caught my eye and caused me to rethink the GOP’s current positioning on the economy.

The first, put out by the nonprofit group American Principles in Action, aggressively challenged the conclusion reached by a so-called “autopsy” put out by the Republican National Committee, which basically said that the Republican Party needed to appeal to more moderate voters by being less offensive to minority groups.

Instead, according to this group, “Republicans urgently need to construct a conservative economic message that connects to working and middle-class voters’ present economic concerns.” Continue reading →

Stop Using Government as an ATM

BY FRANK HILL
Reprinted from TelemachusLeaps.com

One of Ronald Reagan’ most famous speeches had to do with the tearing down of the Berlin Wall that separated Free Western Germans from Trapped Communist Eastern Germans under the control of the Soviet Union post World War II.

‘Mr. Gorbachev: Tear Down This Wall!’ President Reagan declared on June 12, 1987 outside of the Brandenburg Gate. 29 months later, it fell by the weight of its terrible history to the side of freedom and injustice.

Who says ‘words can’t make a difference’? Continue reading →

Drill, Don’t Drill, Drill

Revisiting Humphrey Hawkins

BY JOHN FEEHERY

Reprinted from the Feehery.theory.com

On the eve of St. Patrick’s Day in 1978, the New York Times reported that the House approved by legislation, which established the official policy of the United States that the unemployment rate should be 4%. “The bill authorizes the use of fiscal and monetary policy, public service jobs, job training and counseling and all other means to achieve full employment…The legislation was supported by a coalition of labor, civil right, liberal, religious and women’s groups and was backed by President Carter.” Amendments offered by Republicans to require a balanced budget and achieve an inflation goal of 3% were rejected, and most GOPers voted against final passage of the bill, calling it an empty promise.

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The Black Swan Looms Over Budget

BY STEVE BELL

As I write this, cable and broadcast television, radio, and bloggers, and government officials, are giddy with the news released 90 minutes ago that the economy created almost 300,000 jobs last month.

“We’ve turned the economic corner.”

“The recovery has become self-sustaining.”

“That 1,000 point drop in the Dow was merely because of a human being putting erroneous sell information into a computer,”

Yet, the official unemployment rate increased to 9.9 per cent and the broadest measure of unemployment continues to rise. How can this be? Are good times here again?

In short, “no.”

Continue reading →