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Japan is caught in a stimulus trap
Washington Post, by Robert J. Samuelson
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Original Article
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Posted By:nhchemist, 2/4/2013 10:05:30 AM
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| The lesson is that huge budget deficits and ultra-low interest rates — the basics of stimulus — have limits and can be self-defeating. To use a well-worn metaphor: Stimulus becomes a narcotic. People feel better for a while, but the effect wears off. The economy then needs a new fix. Too many fixes may spawn new problems (examples: excessive debt, asset “bubbles,” inflation). That’s already happened in Japan. It’s caught in a trap. On the one hand, it needs stimulus to grow. On the other, the debt from past stimulus measures threatens future growth.
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Comments: The US is a few years behind Japan, but catching up (or is that going down?) rapidly. For those who believe that our innovation will save the day, regulations are stifling our ability to innovate.
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Reply 1 - Posted by:
dman, 2/4/2013 10:36:36 AM (No. 9157360)
From the Weimar Republic to Japan, history provides examples of the futility of Keynesian economics. The Chicago gang in the WH simply doesn´t care.
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Reply 2 - Posted by:
veritas, 2/4/2013 11:58:20 AM (No. 9157585)
Remember, the "fixes" offered [read: imposed] by gov´t, or suggested by economists, are much more like the "fixes" of junkies than the fixes of a good mechanic.
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Reply 3 - Posted by:
stablemoney, 2/4/2013 1:04:35 PM (No. 9157749)
So is the U.S. Get rid of democrats.
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Below, you will find ...
Most Recent Articles posted by "nhchemist"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "nhchemist"
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Once more, weighing in on never-ending gun issue
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Union Leader [Manchester, NH], by John Harrigan
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Posted By: nhchemist- 3/31/2013 9:20:47 AM
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Gun control has been driving the news this week, or at least the mail. In recent weeks readers have been encouraging me to dive into the morass. There is so much noise on this issue that I don´t know where to begin. (Snip) There are abundant gun laws on the books. If they were enforced and followed up we might be able to make a dent in gun violence. But laws don´t curb the lawless.
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A Tale of Two States
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Bangor Daily News[ME], by J. Scott Moody
Original Article
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Posted By: nhchemist- 3/28/2013 8:54:21 PM
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Today the U.S. Department of Commerce’s Bureau of Economic Analysis released their 2012 personal income estimates. Personal income is an important economic measure of a state’s well-being. (Snip) Since 1950, Maine has increased taxes and spending dramatically with the introduction of the sales tax in 1951 and the income tax in 1969. New Hampshire, on the other hand, did not. Increasing taxes on the private sector has two consequences. First, higher taxes will mean less money in the pockets of individuals and businesses which will reduce their ability to invest for the future.
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Opinion: Too much talk of taxing
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The Hill [Washington, DC], by Judd Gregg
Original Article
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Posted By: nhchemist- 3/11/2013 10:24:46 AM
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Many who march in the army of the president say that all they want is to return to the good old days when Bill Clinton rode the range and rich people paid their fair share of taxes. Back then, they say, all was good. In 2000, the top tax rate was 39.6 percent and there was a 2.9 percent Medicare tax on top of that. (Snip) This means that the top stated rate for taxes is now 43.4 percent — a rate that is higher than that paid in Clintonian times.
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Green Cars Have a Dirty Little Secret
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Wall Street Journal, by Bjorn Lomborg
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Posted By: nhchemist- 3/10/2013 8:07:59 PM
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Electric cars are promoted as the chic harbinger of an environmentally benign future. Ads assure us of "zero emissions," and President Obama has promised a million on the road by 2015. With sales for 2012 coming in at about 50,000, that million-car figure is a pipe dream. (Snip) If a typical electric car is driven 50,000 miles over its lifetime, the huge initial emissions from its manufacture means the car will actually have put more carbon-dioxide in the atmosphere than a similar-size gasoline-powered car driven the same number of miles.
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‘Freedom’ license plate banned in Washington D.C.
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Washington Examiner, by Charlie Spiering
Original Article
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Posted By: nhchemist- 3/5/2013 5:28:49 PM
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The word “FREEDOM” is among the list of banned vanity license plate slogans for Washington D.C., according to a government file obtained by a Freedom of Information Request filed by the transparency website GovernmentAttic.org. Other banned phrases include anti-tax messages such as "TAXKLLR" and "TAXRUS4" as well as any reference to the President of the United States such as “OBAMA,” “BARACK,” and “OBAMA44.? “RONPAUL” is also banned.
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Man sentenced in 2011 Portsmouth kidnap attempt, almost has to pay for victim´s gun as well
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Union Leader [Manchester, NH], by James A. Kimble
Original Article
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Posted By: nhchemist- 2/15/2013 5:32:16 PM
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Brentwood - A Portsmouth man received the maximum sentence for attempting to kidnap a woman as she got out of her SUV at a shopping plaza, and almost got ordered to pay for the gun she later bought to protect herself. James Perry, 37, was sentenced to 7½ to 15 years in state prison Thursday, drawing harsh words from Judge N. William Delker about the lifelong fear he imposed on the victim, Katherine Booth. "My only regret in this case is that I can´t sentence you to more than the maximum," Delker said. "You are a complete predator. ... You are a walking example of what society fears
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Japan is caught in a stimulus trap
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Washington Post, by Robert J. Samuelson
Original Article
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Posted By: nhchemist- 2/4/2013 10:05:30 AM
Post Reply
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The lesson is that huge budget deficits and ultra-low interest rates — the basics of stimulus — have limits and can be self-defeating. To use a well-worn metaphor: Stimulus becomes a narcotic. People feel better for a while, but the effect wears off. The economy then needs a new fix. Too many fixes may spawn new problems (examples: excessive debt, asset “bubbles,” inflation). That’s already happened in Japan. It’s caught in a trap. On the one hand, it needs stimulus to grow. On the other, the debt from past stimulus measures threatens future growth.
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Manchester ambulance service rates go up about 50 percent
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Union Leader [Manchester, NH], by Ted Siefer
Original Article
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Posted By: nhchemist- 1/25/2013 2:54:26 PM
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The city´s designated emergency ambulance company, American Medical Response, has significantly increased its rates, prompting fresh complaints about large bills for trips to the hospital. Starting on Jan. 1, the company hiked its rates about 50 percent, charging $2,445 for a standard trip to the hospital. (Snip) AMR officials have said that it is forced to raise the rates it charges insurance companies to defray the costs of providing emergency service to those only covered by Medicare or Medicaid, as well as those who do not have insurance and cannot afford to pay.
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New Hampshire has most machine guns per capita in the country
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Foster´s Daily Democrat [Dover, NH], by Jim Haddadin
Original Article
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Posted By: nhchemist- 1/21/2013 1:42:35 PM
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The number of automatic weapons in New Hampshire increased dramatically after 2010, according to federal firearms records, although it remains unclear whether the growth is being driven by civilians, law enforcement or the military. The number of registered machine guns in New Hampshire spiked 80 percent between the end of 2010 and March 2012, according to the most current data available from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). (Snip) ATF data indicates there were 9,863 registered machine guns in New Hampshire as of last March, up from 5,479 in December 2010.
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Police chiefs´ rifle raffle riles some questioning if it´s appropriate
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Union Leader [Manchester, NH], by Meghan Pierce
Original Article
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Posted By: nhchemist- 1/15/2013 8:54:35 PM
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The New Hampshire Association of Chiefs of Police is taking heat for a fundraiser in which firearms are being raffled. The fundraiser - called "a month of firearms" - offers raffle ticket buyers a chance on each day during the month of May to win a New Hampshire-made sporting firearm. A thousand tickets went on sale in October and have already sold out. (Snip) The raffle is supporting the New Hampshire Police Cadet Training Academy and was put together in partnership with Newport businesses Ruger and Rody´s Gun Club,
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This Metamorphosis Will Require a Permit
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Wall Street Journal, by Roger Kimball
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Posted By: nhchemist- 1/15/2013 1:35:00 PM
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Like many people whose houses were badly damaged by Hurricane Sandy, my family and I have been living in a rented house since the storm. Unlike some whose houses were totalled, we could have repaired things and been home toasting our tootsies by our own fireplace by now. What happened? Two things: zoning (as in "Twilight Zone") and FEMA. (Snip) Before you could get a building permit, however, you had to be approved by the Zoning Authority. And Zoning—citing FEMA regulations—would force you to bring the house "up to code,"
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House panel blocks most GOP attempts to trim Sandy disaster-relief bill
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The Hill [Washington, DC], by Pete Kasperowicz
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Posted By: nhchemist- 1/15/2013 10:00:58 AM
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The Republican-led House Rules Committee late Monday approved a rule for a massive Hurricane Sandy relief package that shuts out most GOP proposals to pare back the size of the bill. The main bill provides $17 billion in relief, and an amendment made in order would add another $33.7 billion, for a total of $50.7 billion. Late last week, Republicans offered amendments that would trim the bill significantly, but few of those were made "in order" by the Rules Committee on Monday.
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Most Active Articles (last 48 hours)
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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The most shocking news you won´t see in the MSM today
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/9/2013 11:49:09 AM
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The murder trial of abortionist Kermit Gosnell largely is being ignored by the mainstream media, even in the face of grisly testimony, such as what we heard yesterday. Life News reports: ...a former employee described how she heard a baby scream during a live-birth abortion. Abortion clinic employee Sherry West described an incident which "really freaked (her) out" and related to the jury how she heard a child who was born alive following an abortion scream.
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Obama says he´s ´determined as ever´ for gun bill
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Associated Press, by Nedra Pickler
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Posted By: Desert Fox- 4/8/2013 10:27:49 PM
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HARTFORD, Conn. -- With time running out on the chance to pass gun control legislation, President Barack Obama on Monday warned Congress not to use delaying tactics against tighter regulations and told families of the Sandy Hook Elementary School shooting victims that he´s "determined as ever" to honor their children with tougher laws. Obama´s gun control proposals have run into resistance on Capitol Hill, leaving their fate in doubt. Efforts by Senate Democrats to reach compromise with Republicans over expanding required federal background checks have yet to yield an agreement, and conservatives were promising to try
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Kim Jong-un Wants Phone Call from Obama - report
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Korea Broadcast Service, by Staff
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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White House: Planned GOP gun filibuster cowardly
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Washington Times, by Dave Boyer
Original Article
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Posted By: Dreadnought- 4/8/2013 11:08:31 PM
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Beginning a week of high pressure on gun control, the White House on Monday accused some Republican senators of cowardice for planning to filibuster gun legislation without allowing the full Senate to vote on President Obama’s initiatives. “If they oppose this legislation, have the courage to say so on the floor and vote no,” said White House press secretary Jay Carney. “Don’t block it. Don’t hide behind a procedural action to prevent a vote. That’s the wrong thing to do, and that’s how the president clearly feels.”
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´Mickey Mouse Club´ star Annette Funicello dies at 70
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Los Angeles Times, by Dennis McLellan
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Posted By: JoniTx- 4/8/2013 1:18:00 PM
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Annette Funicello, the dark-haired darling of TV´s “The Mickey Mouse Club” in the 1950s who further cemented her status as a pop-culture icon in the ´60s by teaming with Frankie Avalon in a popular series of “beach” movies, died Monday. She was 70. Funicello, who was diagnosed with multiple sclerosis in 1987 and became a spokeswoman for treatment of the chronic, often-debilitating disease of the central nervous system, died at Mercy Southwest Hospital in Bakersfield, Walt Disney Co. spokesman Howard Green said. Funicello and her husband, Glen Holt, had moved from
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Chelsea Clinton doesn´t close door to public office
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USA Today, by Catalina Camia
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Posted By: jackson- 4/8/2013 10:23:20 AM
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Chelsea Clinton has raised her profile in the last few days, which sparked the inevitable question about the former first daughter´s future: Will she ever be like Mom and Dad and run for office? Clinton, 33, essentially said "maybe" in an interview that aired Monday on NBC´s Today show. "Right now I´m grateful to live in a city, a state and a country where I strongly support my mayor, my governor, my president and my senators and my representative," said Clinton, whose father, Bill, was president from 1993-2001 and her mother, Hillary
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Special ops veterans’ group calls for select probe of Benghazi attack
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Fox News, by Catherine Herridge
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Posted By: JoniTx- 4/8/2013 7:00:09 AM
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More than 700 Special Operations veterans are urging members of Congress to back a select committee to investigate last year’s Benghazi terrorist attack, according to a letter first obtained by Fox News. The letter from the group, “Special Operations Speaks,” supports the appointment of a special committee tasked with the single mission of investigating the attack that left Ambassador Christopher Stevens and three other Americans dead, and shut down the CIA operation in an annex of the Benghazi consulate, in the Sept. 11, 2012 attack. “Congress must show some leadership and provide answers to the public
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Obama flying 11 relatives of Sandy Hook victims to D.C. on Air Force One so they can back gun control in person
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Associated Press, by Staff
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Posted By: BuckeyeRon- 4/8/2013 4:05:18 PM
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President Barack Obama is bringing 11 relatives of those killed in the shooting at Connecticut´s Sandy Hook Elementary School to Washington on Air Force One on Monday so they can personally encourage senators to back gun legislation that faces tough opposition. A nonprofit organization that works with the families, Sandy Hook Promise, said that after Obama´s speech on gun control in Hartford, he is flying with relatives of seven children and one staffer killed during December´s massacre at the school. The White House says Obama is going to argue that lawmakers have an
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Updated: White House, McCain blast Cruz for threatening filibuster over guns
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Houston Chronicle, by Joanna Raines
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Posted By: JoniTx- 4/8/2013 4:55:05 PM
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There was growing buzz over the weekend that a bipartisan agreement on gun control — a deal that would expand background checks — could hit the floor as early as this week. However, any deal could be derailed by the looming threat of a Republican filibuster involving Texas Sen. Ted Cruz. With Cruz standing proudly in the way of any gun legislation, Democrats are trying to make him pay a political price — and even a couple of high-profile Republicans are questioning his tactics.
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Gay Connecticut couple accused of raping adopted children will face trial
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New York Daily News, by Erik Ortiz
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Posted By: Drive- 4/8/2013 8:52:23 AM
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The case of a same-sex Connecticut couple accused of repeatedly raping and abusing two of their nine adopted boys is headed for trial. Married couple George Harasz and Douglas Wirth of Glastonbury were supposed to be sentenced Friday in Hartford Superior Court under a plea deal, but instead withdrew from their agreement with prosecutors. The men had already pleaded no contest in January to one felony count each of risk of injury to a minor — a reduction from even more serious charges related to sexual assault....
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Why Is White House Stonewalling on Benghazi
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Investor´s Business Daily, by Rep, Dana Rohrbacher
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Posted By: Desert Fox- 4/8/2013 7:13:10 PM
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More than six months since Ambassador Christopher Stevens was assassinated by terrorists in Benghazi, the Obama administration is still trying to keep a lid on information about the attack. Congress and the American people need to know what happened the night of Sept. 11, 2012. Who did the killing and what was their motive? Why wasn´t help sent? And why did the administration lie about who was responsible? Members of Congress have asked hundreds of questions at hearings conducted by several investigative committees, but many of the most significant have been left unanswered. Information detailing what happened before, during and Headline corrected.
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