Archive for August, 2010

Don’t Expect An October Surprise This Year

This is just about the last week that you can expect not to be pummelled by politics. After Monday all eyes are on the November elections. Since the economy, or more precisely the lack of a good one, is front and center on the voters minds there is going to be a lot of speculation [...]

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Whither Frannie?

The recent Treasury-HUD confab on the future of housing finance has elicited a lot or pretty good comment and analysis. Predictably, there two sides — those who want Fannie and Freddie in some form preserved along with the government’s unholy involvement in the housing industry, and those who think that we should learn from failure [...]

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Housing Market Meets The Proverbial Cliff

Well, the news on existing home sales is out and it’s about as bad as some of the more savvy prognosticators predicted. From the NAR: Existing-home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly [...]

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Who Agreed To This?

Greg Mankiw posted the latest CBO projections for federal outlays and revenues. Here it is. Now here is a chart from Keith Hennessey that gives a good picture of historical spending and taxes: Notice that the CBO report projects an increase in revenues well above historical norms. Do the increases come from tax increases or [...]

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What Your Tax Dollars Are Accomplishing

Some interesting dots worth connecting. First, from the WSJ on GM’s contribution to employment: But GM is failing to do what President Obama perhaps needs most: Hire droves of U.S. workers. According to the automaker’s second quarter earnings release this morning, GM added only 2,000 employees to its North American workforce since the start of [...]

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Saving The Bureaucrats’ Jobs

Ezra Klein has been beating the drums on behalf of state workers. Here’s his latest missive: Now, is this policy difference behind Germany’s recovery? Hard to say. Germany’s exports benefited massively from the Euro’s fall, and they ran some very large deficits early in the crisis. Germany might be doing well because their policy was [...]

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Illegal Immigration: Violence Accompanies The Search For A Better Life

Pretty much by accident I came across this article in the Phoenix New Times just as I was about to call it a night. It’s about the brutality that accompanies illegal immigration. I personally considered the new Arizona law (SB 1070) which attempted to address the illegal immigration problem a poorly considered piece of legislation. [...]

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