Mar 12, 2012, 5:32 pm EDT
Even as the U.S. economy continues to add jobs at a healthy clip — 227,000 in February — Americans still have a dim view of Obama when it comes to the economy. Why? Two words: gas prices.
A Washington Post-ABC News survey released today found that a majority of Americans — 59% — disapproved of the president’s handling of the economy. Fifty percent of Americans strongly disapproved.
Sixty-five percent of poll respondents found Obama’s handling of gas prices to be unsatisfactory. This included 52% who disapproved strongly, with only 14% strongly approving of his handling of gas prices. Read
Mar 10, 2012, 5:27 pm EDT
I’ve never told the story before, but I was probably the very last person to talk with Jude Wanniski on the day he died.
Jude Wanniski’s impact on America’s political-economic debate could not be missed. While serving as associate editor of the Wall Street Journal in the 1970s, he coined the term “supply side economics.” He was an advisor to Ronald Reagan from 1978 to 1981, and was instrumental to the design of the Reagan tax cuts. Jude was the author of “The Way the World Works,” which has been described as one of the most influential books of the 20th century.
In my new book, RED AND BLUE AND BROKE ALL OVER: Restoring America’s Free Economy, I cite Jude’s important discovery of the role the legislative advance of the Smoot-Hawley trade tariff played in the 1929 stock market crash and the Depression. Read
Mar 9, 2012, 11:00 am EDT
Oil. It’s the world’s most important, actively traded commodity. It is absolutely indispensable to modern civilization. Everything economic is conditioned by oil.
But the governing classes display a degree of imbecility about oil that is simply stupefying.
They have done practically everything in their power to drive the price of oil sky high, successfully sending prices at the pump near $4 per gallon and emptying your wallet. Read