http://resurrectcapitalism.com Bring Back What Made America Great Sat, 21 Mar 2009 13:16:29 +0000 http://backend.userland.com/rss092 en In the Bush years Democrats made a lot of hay about the size of the Federal deficit and cumulative debt levels.  I agree with those criticisms and think that it is irresponsible to increase government debt levels unless you have an overwhelmingly good reason to do so. In 2004 then Representative ... http://resurrectcapitalism.com/?p=504 The SEIU (Service Employees International Union) is the most influential union in the nation.  They agitate for many legal changes that would benefit union members at the expense of employers.  Most notably, they are in full-force behind so-called "card check" legislation that would make it much easier for unions to ... http://resurrectcapitalism.com/?p=498 I have been closely watching the bankruptcy proceedings of the city of Vallejo, California.  It is a medium-sized suburb of San Francisco that found its finances shattered by this economic downturn.  A major reason for its bankruptcy was its onerous public employee union contracts.  Unions refused to renegotiate their contracts as ... http://resurrectcapitalism.com/?p=494 The bad news keeps piling up for Capitalists.  The central planners in our government are throwing their weight around more forcefully than ever. Hybrid automobile sales have fallen off a cliff.  This February the total number of hybrid sales were 2/3 less than in April of 2008.  The market is clearly ... http://resurrectcapitalism.com/?p=491 I'm pretty pissed off about the bailouts, "stimulus" plans, and other government distortions of the economy as of late.  I'm happy to learn that many other people are as well.  There have been a number of "tea parties" to protest these socialistic government plans.  The biggest one I've heard of ... http://resurrectcapitalism.com/?p=482 A few days ago President Obama said to a group of businessmen that things in the economy are "not as bad as we think they are".  No one in the mainstream media called him out on that rather abrupt flip-flop from just last month: Obama warned that failure to pass an ... http://resurrectcapitalism.com/?p=478 Yesterday was a beautiful day today in Massachusetts-  it actually cracked 50 degrees Fahrenheit.  So I went jogging and I saw not one but two cars with those annoying "Coexist" bumper stickers. You've almost certainly seen them before: I did a little digging to see what some of the symbols stand for. Every ... http://resurrectcapitalism.com/?p=465 One of the reasons recessions turn into depressions is that people hesitate to commit their capital to new investments due to uncertainty.  Right now credit is tightening up because people do not know the true extent of bad loan losses.  It is unknown who is suffering losses and to what ... http://resurrectcapitalism.com/?p=461 The Obama administration is intent on rewarding the irresponsible members of our society.  This includes irresponsible borrowers and irresponsible lenders.  Resentment is building up among the responsible. Lenders who steered away from reckless lending are now being forced to bailout their reckless peers.  As you might guess they are not happy ... http://resurrectcapitalism.com/?p=456 This Wednesday Obama said in a speech: "Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it” This is a small gaffe but at the same time it is very telling.  Anyone who has ever ... http://resurrectcapitalism.com/?p=453