Trickle-down economics

Januray 9, 2011
Imagine what would have happened to the economy if Congress had extended the tax rates permanently instead of just for two years. Imagine what would have happened if the payroll tax holiday had been for a year for the employee and the employer, and for the full 12.4 percent Social Security portion.

I was prescient in 2010, so let’s have more predictions for 2011!

January 2, 2011
The annual predictions derby has started again. I wanted to resist getting into that race this year, but when I went back to see how I did at the beginning of 2010, I was pleasantly surprised. Here are the predictions I made for 2010 in my January 3, 2010 commentary:

• The economy will not improve in 2010. Check!
• The unemployment rate will remain above 9%. Check!
• Businesses will remain in a state of “stop”. Check!
• The $787 billion stimulus will just grow government. Check!
• Republicans will regain control of the House. Check!
• The Senate will be split 50/50 (It’s 51D/47R/2Ind). Close!

2010: Don’t forget, and do tell!

December 26, 2010
Don’t forget what President Obama and the Democrat-controlled Congress did in 2010 – and tell everybody who will listen! And if they do not get outraged, then they are sleeping under a rock and they can’t get out.