The Plain Simple Truth

The plain simple truth is increasing taxes on one segment of the population is not going to change the revenue coming in significantly enough to make a difference when compared to the shear volume of spending estimated to occur.

I will say this simply, Bush spent too much money. Obama makes Bush look like a Conservative ( . . . → Read More: Taxes

The plain simple truth is that Democrats will lose seats this coming election. Some speak of this with ill feelings cursing Republicans and gripping about how the economic mess we are in is really all their fault. Republicans cheer the fact that the world is finally seeing the Democrats for what they are.

Both sides are misguided . . . → Read More: Democrats Set to Lose Seats

The plain simple truth about the Obama administration is that they have been thoroughly anti-business now for the last two years. All of that seems to have changed with the new latest and greatest proposal. Basically the Obama administration wants to give small businesses a tax break ( finally ) however they are using fuzzy math once again . . . → Read More: Giving Business a Break, Too Little Too Late?

The plain simple truth is the low GDP growth that has been exhibited shows, more sharply then any other indicator, that the current government policies are not aiding in the creation of growth. Currently this is because of several factors, some are because of the current administration, others have been building for a generation.

Those policies that have been . . . → Read More: What Low GDP Growth Means

The plain simple truth about Keynesian economics is that on the face it looks good, and so long as it is done correctly this is true. If anyone remembers the discussion about Reaganomics is that by deficit spending and being cautious about it, a nation holding itself to a strict budget could make Reaganomics work. . . . → Read More: Why Isn’t Keynesian Economics Working

The plain simple truth about the economic recovery is that it really has not happened yet. Timothy F. Geithner thinks businesses are being cautious. He believes that “The most likely thing is you see an economy that gradually strengthens over the next year or two”

Isn’t that what we we were told a year or two ago?

It . . . → Read More: Timothy F. Geithner on “The Recovery”

The plain simple truth is that Reaganomics did not work. The reason why is simply that a tax cut, even though it appears to stimulate the economy, does not directly equal the same as a direct tax. If you drop the rate from 25% to 20% then that means that money has to move at an increased . . . → Read More: The Problem with Reaganomics Explained

The plain simple truth is that it is okay to deficit spend in a recession. It is the same reason why I have a credit card and various other tools of debt to manage my own finances. It allows you to smooth out the situation while you await better times. In the first graph below we show an . . . → Read More: Deficit Spending in a Recession

The plain simple truth about the bank bailouts is except for the initial shock wave of foreclosures and economic downturn the bailouts more then likely were not needed. The reason for this is relatively simple. When an economy ( in a capitalist system ) is spending more then they make they are doing so on credit. It was this initial blast of people who . . . → Read More: Why Bank Bailouts Probably Were Not Needed