The President's policies are a failure.
Expanding bailout bank reserve requirements temporarily and partially reduces the risk of import inflation. Dumping oil reserves also temporarily lowers the impact of monetary policy to weaken the dollar to improve export competitiveness as does the currency flight from the Euro crisis. These are temporary fixes/market adjustments and opportunitites that mask the cost of persistent high unemployment and stagflation and thus…
As part of their dogma, the Left believes society only operates “fairly” when more power is concentrated in the Federal Government and fewer rights are exercised independently by individuals. In their view, one of the major purposes of the Government is to equalize outcomes across society (try to find…Continue
Added by Trent Derr on March 21, 2011 at 5:35pm — No Comments
President Reagan is probably best known for three major accomplishments: rekindling the American spirit of entrepreneurship, defeating the Soviets in the Cold War leading to the eventual collapse of the USSR, and creating the most robust peacetime economic expansion in American history. In this posting, we’ll…Continue
Added by Trent Derr on March 17, 2011 at 6:30pm — No Comments