Detroit, Michigan’s bankruptcy filing is causing fear that other major U.S. cities face a similar fate as they too are dealing with burdensome underfunded liabilities like retiree benefits.

A closer look behind the Conference Board's rosy consumer confidence survey released on Monday reveals an economy, at the individual and family level, that hardly merits such optimism.

The announcement by Standard & Poor's on Monday that it is revising its outlook upward is not only useless but counterproductive.

Obamanomics are to blame for the worst recession since the Great Depression; and the present fake recovery compares poorly with that in the 1920s when the government stayed within its constitutional bounds, reduced taxes perhaps 20 percent of their present level, and let the free market breathe once again.

 

 

 

 

 

 

 

 

 

 

Last week’s show trial of Apple Computer on Capitol Hill ended up being more of an indictment of the Republican Party than of allegedly venal Apple executives accused of tax “avoidance.”

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