Catholic Campaign For Human Development

Catholic Church, Economics, Presidential Politics No Comments »

Yesterday the Archdiocese of Washington held a second collection for the Catholic Campaign for Human Development (CCHD).  The main purpose of CCHD is to provide grants to organizations who help the poor and those who need assistance with housing, medical treatments, etc.  
Generally I donate money to the second collection without thinking much about it.  I decided not [...]

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Senator McCain was Correct in Calling President Elect Obama’s Economic Plan Socialist

Economics, Presidential Politics 1 Comment »

The Democrats criticized Senator McCain and Governor Palin for portraying then Senator Obama’s economic plan as socialist.  Relative to Cuba and North Korea, the president-elect’s plan is more capitalistic, but it does have socialist tendencies.  This is evident by president-elect Obama’s call for higher corporate income taxes.
In the book Price Theory by Milton Friedman, he presents a [...]

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Is Favoring Lower Taxes Really Selfish?

Catholic Church, Economics, Presidential Politics 1 Comment »

This past week Senator Obama called people who favor lower taxes selfish because they want to keep more of the money they earn.  For this accusation to be true, Republicans (or anyone who favors lower taxes) never give money to charities.  It is not that people like myself are selfish, it is we prefer to donate [...]

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What Happened to $200 a Barrel for Oil?

Congress, Economics, Presidential Politics 1 Comment »

I happened to be in the book store today and I saw a book–published a couple of years ago–called The Coming Economic Collapse:  How to Thrive When Oil Costs $200 a Barrel, by Stephan Leeb.  I wondered why it was not in the bargain bin after reading oil is down to $65 a barrel–down about [...]

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Some Random Items in Today’s News

Congress, Economics, Presidential Politics 2 Comments »

Some good economic news, durable goods orders increased in September.

Yesterday Betsy’s Blog commented on the conviction of Senator Ted Stevens on corruption charges.  She has a very good take on the story:
Ted Stevens is one GOP senator I certainly won’t miss.  The Washington Post points out the pettiness of the gifts that Stevens has been [...]

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Random Postings

Congress, Economics, Presidential Politics No Comments »

Here are some interesting blogs today:
The price of oil has fallen to $67 a barrel since the high of $147 in July.  This is a drop of 54% in the past three and a half months.  So much for Senator Obama’s hope of bribing voters by giving them a $1,000 rebate raised from the windfall profits tax on oil companies.
Jacob Sullin [...]

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The Inefficiencies of Recycling

DC Politics, Economics 2 Comments »

Recently I received an memo from the higher ups where I work (Washington, DC) about the need to recycle.  It said in the coming days, city workers would stop by the offices to inspect the recycling procedures.  The reason it was a priority is we could be fined up to $1,000 if we don’t properly recycle.
My first [...]

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An Analysis of the Cause of the Current Financial Crisis

Economics, Presidential Politics No Comments »

I think Victor Davis Hanson’s recent column in The Washington Times is the best summation of who is to blame for the recent financial crisis.  He writes that there is plenty of blame to go around:
Greedy Wall Street speculators took mega-bonuses even when they knew their leveraged companies were tottering - and someone else would [...]

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Senator Obama’s Comment on the Economy at Last Night’s Debate

Economics, Presidential Politics 1 Comment »

While watching the second presidential debate I heard Senator Obama say when asked about the future of the economy, “I am confident about the American economy.”  Here is the transcript.
A few weeks ago Senator Obama and the Democrats raised a lot of fuss when Senator McCain said the fundamentals of the economy were sound.  Isn’t [...]

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Comments on the Potential Screen Actors Guild Strike

Economics No Comments »

 I saw this article which stated the members of the Screen Actors Guild may go out on strike.  Now I really don’t care one way or other whether they go out on strike and shut down production on movies and television shows.  As was evident last winter when the writers went on strike, the networks [...]

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