Tag Archives: Wall Street

Obamanomics: Wall Street Thrives, Main Street Dies

There is a plethora of evidence to back up Huszar’s assertion. While Wall Street continues to flirt with record highs, Main Street is stagnating. Despite the happy talk that constantly emerges from the Obama administration and its media cheerleaders, a record-setting 91,541,000 Americans were not participating in the labor force as of October,according to the Bureau of Labor Statistics (BLS). Between the time Obama entered office in 2009 and last month, more than 11 million Americans have left the labor force. If the trend continues, the number of idle Americans will top the number of working Americans in four years...

Continue to the original source »

Read More »

ObamaCare’s Liberal Greed

Oliver Stone made Gordon Gekko and his famous quote “Greed is Good” into everything that was wrong with capitalism. A quarter of a century later, liberal politicians like Obama and Bill de Blasio are still running against Gordon Gekko while pocketing his contributions and doing special favors for him.Their class warfare is as nakedly greedy as Gordon Gekko shouting into a brick of a cell phone. Class warfare is the greed of the con artist playing on the stupid greed of his mark who wants to steal from someone else, but lacks the skill and daring to do anything but sign on to someone else’s scheme...

Continue to the original source »

Read More »

Pension Funds Wasting Millions on Useless Advice

Usually when you hire an analyst to help invest your money you want to look for a sharp investor with a good record of success. Pension funds, however, don’t seem quite so discerning. A new report from NYT‘s Dealbook found that of the 94 percent of pension funds that hire outside investors to aid in making investment decisions, few look at (or even have access to) data on their consultants’ past performance. A new study from the University of Oxford suggests that they are paying a high price for their negligence...

Continue to the original source »

Read More »

Why Does Capitalism Still Need Defending?

Abraham Lincoln was not an economist but would have been quite at home with the free-market school: "There is not, of necessity, any such thing as the free hired laborer being fixed to that condition for life. ...The prudent, penniless beginner in the world labors for wages awhile, saves a surplus with which to buy tools or land for himself; then labors on his own account for another while, and at length hires another new beginner to help him. This is ... the just, and generous, and prosperous system, which opens the way for all -- gives hope to all, and ... improvement of condition to all. If any continue through life in the condition of the hired laborer, it is not the fault of the system, but because of either a dependent nature which prefers it, or improvidence, folly, or singular misfortune."...

Continue to the original source »

Read More »