Below The Beltway

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Archive for the 'Economics' Category

Google’s Next Target: The Advertising Industry

by @ Friday, March 19th, 2010. Filed under Business, Economics, Internet, Technology

Slate Ad critic Seth Stevenson checks out a new Google service that lets you run a national advertising campaign from your desktop:

Ron Paul: We Need More Fed Transparency

by @ Tuesday, March 16th, 2010. Filed under Credit Crisis, Economics, Politicos & Pundits, Politics, Ron Paul

Barack Obama: The $ 2,000,000,000,000 Man

by @ Tuesday, March 16th, 2010. Filed under Barack Obama, Economics, Politicos & Pundits, Politics

The national debt on January 20, 2009:

The national debt 420 days later, March 15, 2010:

That’s an increase of $ 2,009,785,907,226.99 (18.9%) in 420 days, or $ 4,785,204,541.02 per day, $ 199,383,522.54 per hour, and $ 3,323,058.71 per minute.
By contrast, it took George W. Bush four years to increase the national debt by the same amount.
Nice [...]

The True Cost Of Public Education

by @ Sunday, March 14th, 2010. Filed under Economics, Education

An eye opening video from The Cato Institute:

Daylight Saving Time Is Waste Of Time

by @ Saturday, March 13th, 2010. Filed under Economics, In The News

It’s that time of year again, time to set your clocks one hour ahead.
Despite the alleged benefits, a new Rasmussen poll shows that most Americans don’t think it’s a good idea:
Daylight Saving Time begins early tomorrow morning, but, according to the latest Rasmussen Reports national telephone survey, 47% of Americans don’t think the time [...]

Donald Trump Calls For A Trade War Against China

by @ Friday, March 12th, 2010. Filed under Dumbasses, Economics, Joe Scarborough, Politicos & Pundits, Politics

During an appearance this morning on Morning Joe meant primarily to hype the upcoming season of The Celebrity Apprentice, Donald Trump called for an end to half a century of free trade policy:

Visit msnbc.com for breaking news, world news, and news about the economy
Think about this for the moment. A 50% tariff on all Chinese-made [...]

If Republicans Are Serious About Small Government, Why Are They Ignoring Paul Ryan ?

by @ Friday, March 12th, 2010. Filed under Economics, Paul Ryan, Political Parties, Politicos & Pundits, Politics, Republicans

Marc Ambinder notes that when it comes to reducing the size of government, there’s fairly solid evidence that most Republicans in Congress aren’t walking the walk:
Paul Ryan is the Republican idea man of the hour. Karl Rove endorsed Ryan’s approach to budget reform on Glenn Beck, and whenever Republicans are asked about their preferred alternatives [...]

Federal Budget Deficit Hit Another Record In February

by @ Thursday, March 11th, 2010. Filed under Economics, Politics

$ 220,000,000,000:
The government racked up a record-high monthly budget deficit of $220.9 billion in February, the Treasury Department announced today.
The latest flood of red ink brings the total deficit for the first five months of the current fiscal year to $651 billion, far exceeding the $589 billion shortfall for the same [...]

The Phony War On Earmarks Returns

by @ Thursday, March 11th, 2010. Filed under Barack Obama, Congress, Democrats, Economics, Political Parties, Politicos & Pundits, Politics, Republicans

Election season is approaching in Washington again, which means it’s time for the biennial focus on earmarks:
Facing an election-year backlash over runaway spending and ethics scandals, House Democrats moved Wednesday to ban earmarks for private companies, sparking a war between the parties over which would embrace the most dramatic steps to change the way business [...]

Deficit Spending And America, Circa 2030

by @ Saturday, March 6th, 2010. Filed under Economics, Politics

Former head of the Congressional Budget Office David Walker lays it on the line:
“Let’s say our government continues to take in about the same level of historical revenues, but we hold discretionary spending to 2008 levels as a percentage of the economy, and we don’t expand health care or other entitlements any further. That sounds [...]

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