Commentary: Sen. Joe Manchin – Biden's budget plan is “recipe for economic crisis.” November 8, 2021 "None of us should ever misrepresent to the American people what the real cost of legislation is,” advised Democrat Senator Joe Manchin (W.Va.) commenting on Biden’s latest spending boondoggle that passed the House late Friday. "What I see are shell games," he warned. "Budget gimmicks" that will eventually double the cost of the $1.75 trillion plan. Manchin was concerned not only with the misrepresented costs, but also with overstatements of revenue that would lead to even more borrowing. He added, "I'm open to supporting [...]

Commentary: Biden’s Comptroller nominee proposes controlling inflation by confiscating bank deposits. November 3, 2021 President Biden’s nominee to be the nation’s top banking regulator, Saule Omarova, has proposed in the October, 2021 issue of the Vanderbilt Law Review1 that the Federal Reserve be empowered to confiscate private bank deposits in order to control inflation. In her article, Omarova neglects to call this action “stealing” the people’s money, but instead refers to it in perfect bureaucrat speak as “draining excess liquidity from these accounts with minimal disruption of productive activity.” If that’s not outrageous enough, she also recommends transferring all bank [...]

Commentary:  Once Again the Democrats’ “Tax the Rich” Means Taxing the Middle Class September 27, 2021 The Democrats are on the hunt for a fresh source of tax revenue to pay for their dream of a utopian super-state. What politicians undoubtedly know, but fail to mention, is that the “rich” they claim to be targeting have a hundred-and-one ways to avoid becoming piggy banks for would-be socialist wealth redistributors like Joe Biden, Elizabeth Warren, Bernie Sanders and their “leftist” cohorts. Joe Biden is continuing the D.C. long-practiced tradition of political deception with his most recent effort to “tax the rich” [...]

Commentary:  Fleeing the Democrat Utopia of California September 14, 2021 “California has regulated and taxed its once-thriving economy into a coma.”[1] As a consequence of the California Democrats’ “progressive” policies, businesses are increasingly leaving the state. The primary recipients of this mass exodus are Texas, followed by Tennessee and Arizona – all three are Republican states. In fact, eight of the top ten states that benefit from California’s loss are Republican.[2] A Hoover Institute study at Stanford shows that this year businesses are fleeing California at twice the rate as 2020. Since 2018, Apple, Tesla, Hewlett-Packard, Nestle USA, Oracle and [...]

Commentary:  Housing - Will the Unsustainable be Sustained September 9, 2021 Housing prices have increased 19% over past year. Some housing experts anticipate an imminent crash in housing prices.Fox Business states that “the euphoria in the U.S. housing market may be flashing a danger signal, and lofty home values could be at risk of a sharp drop.”[1] National Association of Home Builders CEO Jerry Howard says new home construction data is showing similarities to the 2008 housing market crash.[2] According to David Rosenberg of Rosenberg Research, the collapse of U.S. home prices is inevitable when considering “all the fundamental factors [...]

Commentary: Soaring Home and Rent Prices September 6, 2021 A recent headline on CNBC read: “Soaring home prices shattered another record in June.”[1] Fox Business reported, “U.S. home prices accelerated at a record pace for the third consecutive month in June. Homebuyers bid up prices 18.6% year over year, the fastest on record, according to the national Case-Shiller index. Prices are now 41.3% above their 2006 peak.”[2] The Case-Shiller Core-Logic 20-City composite recorded a 19.1% increase over the past year. Phoenix gained the most with a price increase of 29.3%, San Diego followed at 27.1% and then Seattle at 25%. [...]