Plunging Towards Gomorrah
Posts tagged Carpe Diem
The V-Shaped Recovery
Apr 11th
Here’s a hat tip to Mark J. Perry who has one of my favorite economics blogs. He’s been beating the “economic boom” drum for a few month and I believe he’s correct. Here’s a video from Larry Kudlow’s The Kudlow Report.
The short term looks good, but the long run is very very bleak unless we change our fiscal problems. It’s good news for President Obama and bad news for whoever replaces him in the future.
The Cost of Goverment
Feb 9th
Government work is good if you can get it. Carpe Diem has a nice looking graph that shows that government employees makes 45% more on average than private sector employees.
As I was saying a few days ago. There’s a lot of fat in government than can be cut but no one in Washington is serious about it. I’m not exactly sure what the President is doing. I’m starting to fear that Obama is just completely in over his head. Presidents can either lead or they can’t. For all their faults Bush and Clinton were able to get things done. Americans are growing weary of Obama’s long speeches and inability to accomplish anything popular.
Obama’s biggest problem is that his ideas are not popular. The President must realize that he was elected because people were fed up with Bush, not because we were ready for big government solutions. Many on the left haven’t learned this lesson. Have the Republicans learned anything after being tossed out? I won’t hold my breath.
economic progress: standard of living
Nov 29th
Here’s a question. Would you rather be living in 1969 or 2009? By almost any economic measure people in the U.S. are richer than they were forty years ago. This applies to all levels of income. Carpe Diem has all the boring details.
I should add that cell phones, computers, microwaves, the internet, air conditioning, HD TV, and every other device Americans can’t seem to live without are products of our free market. The government didn’t create these devices or make them cheaper. Government intervention only leads to stagnation which kills innovation and progress.
florida home sales
Mar 29th
Carpe Diem has done a wonderful job showing home sales trends. Home sales are up in California, Florida, and Arizona, but the median price has fallen. This is most evident in the state of California. Here is the data for Florida.
This is the market at work. The government isn’t causing this to happen. Home prices were inflated above the market price. Now that the price has fallen the market is taking care of itself. He also has an eye opening graphic that displays supply and demand in action.
