BrookesNews Update

Obama's policies are a recipe for economic stagnation : Given present conditions there is no way that Obama's policies could restore full employment without cutting real wages. And surging inflation is the only means by which he can do that, assuming Americans would stand for it. Even if full employment was restored Obama's policies would suck the life out of the economy leaving the vast majority of Americans with little hope of bettering their lives
The Australian economy is slowing, not accelerating : The Australian economy is not as healthy as it looks. Last October UBS economists predicted that the Australian economy would start accelerating in the second half of 2010. I was highly dubious then and more so now. Before long I expect certain economists to be eating crow, even if it will be in private
Why capital gains taxes retard economic growth : Capital gains taxes erect a significant barrier to the movement of savings from old established companies to newer and more innovative enterprises. In fact, they become a tax on social mobility, as does a highly progressive income tax structure
Don't believe the MSM when it says Cuba's prisons are emptying : The corrupt media are at it again. This time major outlets are covering up for Castro's Gulag. Instead of reporting on his victims these lying leftwing hacks are praising this sadistic thug for releasing a handful of political prisoners
It's the savings that fuels economic growth - not government spending : Since early 2001 the US pool of funding has been subjected to the most vicious attack in the form of the aggressive lowering of interest rates. Yet despite all the monetary pumping and the aggressive lowering of interest rates the economy has continued to struggle
Hating Jews :Jews worldwide are again under attack. The Holocaust and 6 million slaughtered Jews have been forgotten. It now appears that history is on the way to repeating itself, aided and abetted by the world press
Where does oil really come from? It remains, however, only an article of faith that oil and natural gas are biological in origin; scientific proof is absent. Recently, information from the Gulf of Mexico has caused geologists to rethink the origins of these so-called fossil fuels

Posted by John J. Ray (M.A.; Ph.D.).

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