Category Archives: Economy

Understanding the US Budget

The United States budget can be broken into two groups, DISCRETIONARY spending and MANDATORY spending.  About 7% of the budget is interest paid on our debt – which will only…

President Obama Endorsed by Mormon Democrats

In 2008, President Barack Obama was elected into one of the worst economic disasters since Franklin Roosevelt stepped into the Oval Office. The United States economy was shedding approximately 800,000 jobs…

An Economy on the Rebound

When President Barack Obama took the oath of office on January 20, 2009, the U.S. economy was in free fall. During the preceding year and half, some of the nation’s…

Come on Exxon, Be a Leader!

Procter and Gamble is a great American company.  In 1837 two immigrant brother-in-laws combined their soap and candle business to start what would eventually become the largest consumer products company…

The Case Against Mitt Romney

Mitt Romney’s nomination as the 2012 Republican candidate for President is an important and historical moment for me and many other members of the Church of Jesus Christ of Latter-day…

Reagan vs. Obama on Unemployment

For those of you who read my posts on a regular basis you know I have a deep respect for President Reagan.  Not the Reagan fantasized by the Tea Party…

Does Romney Believe Laziness Causing High Unemployment?

Remarks that Mitt Romney made to wealthy donors back in May 2012, have put Romney in an awkward position. Romney denigrated nearly half of the population of the U.S. and…

What is Driving Unemployment?

With the presidential election heating up there is one soundbite we hear from both sides on a regular basis – unemployment.  Although each side will lay out persuasive stories to…

How I Benefited from the Obama Housing Policy

I am someone who has personally benefited from some of President Obama’s economic policies. In addition to getting the temporary payroll (Social Security) tax break, I am now refinancing my…

A Minimum Living Standard in the World’s Wealthiest Country

In the last post, I illustrated how the positive right to an education is essential to a modern economy. Most Americans do not question the right to a public education,…

The Right to a Public Education

In my last post, I mentioned certain “positive rights” that Americans have come to assume are part of the social contract. Public education is perhaps the least controversial example of…

Defending a Century of American Progress

Massachusetts Senate candidate Elizabeth Warren, in an oft-seen video clip, describes how a thriving industrialized economy is dependent on government taxation and redistribution for the creation of key institutions, infrastructure,…

No More Oil Subsidies!

I smile every time a pundit tries to link escalating gas prices to our president.  Not because I am satisfied with the erroneous connection, but out of amused exasperation at the…

Republicans are Closet Socialists

Over the last several debates, GOP contenders use the word socialist to describe their warped view of what the Democratic Party stands for.  They have leveled such attacks on “socialist”…