deficits
Are Obama’s policies burying the US economy?
Gerard Jackson Monday 28 March 2011
When Obama ran for president I warned that the man is a dogmatic leftist and Americans — those with any sense, that is — would rue the day he sat in the Oval Office. Since then I, along with many others, also pointed out that if unchecked his policies would result in economic stagnation and inflation. Well, this now seems to be the case. Read the rest of this entry »
Will Japan’s disaster deepen the US recession?
Gerard Jackson Monday 28 March 2011
Japan’s tragedy has led some economic commentators to ponder the possibility that she might try to fund a recovery by selling masses of US treasuries which would raise interest rates and therefore deepen the depression. The thinking behind this view is based on the assumption that in buying huge amounts of treasuries Japan — and China — helped drive down interest rates by raising bond prices. Read the rest of this entry »
The failure of Roosevelt’s New Deal proves why Obamanomics cannot work
Gerard Jackson Monday 8 November 2010
Americans are still regaled with tales that Obama’s spending binge and massive deficits are vital to an economic recovery. As evidence many of his supporters are citing Roosevelt’s New Deal as proof that deficits work. In fact, the New Deal was an economic disaster that kept the US in depression until WW II restored full employment.
Are we facing an inflationary surge and higher rates?
Gerard Jackson Monday 1 November 2010
When the CPI for the third quarter came in at 0.7 per cent many opined that this means that the Reserve would hold the line on rates. However, others argued that the 1.3 per cent rise in the producer price index indicated inflationary pressure was emerging and that this would force the Reserve to raise rates. So what is the real situation?
Why the US economy is floundering and where it is going
Gerard Jackson Monday 18 October 2010
Last year I explained that there would no recovery and that manufacturing was heading for a slowdown. Both of these predictions came to pass. I am forever stressing that the boom-bust cycle is caused by monetary expansion largely consisting of phony bank deposits. In plain English, we call this credit expansion.
Posted in Bernanke, deficits, Federal Reserve (USA), Gerard Jackson, interest rates, Keynesianism, Obama, Recession, taxes, Unemployment, US economy
Deficits, taxes and the Democrats’ hypocrisy
Gerard Jackson Monday 18 October 2010
Raising taxes to eliminate the Obama’s deficit would be thoroughly destructive. But when it comes to taxes the Americans have been there before, along with everyone else. A look at the 2004 election tells us that the Democrats have learnt nothing from history, nor do they want to.
Posted in deficits, Democratic Party, Democrats, Economic growth, Gerard Jackson, Investment, Obama, taxes, US economy