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A
century ago our nation was famous around the world for creating beautiful
cities. Now, we are known for failing cities. In a recent 60 Minutes
report, Bob Simon noted that after he left what passes for sparks of new life
in downtown, the rest of Detroit reminded him of Mogadishu - "the worst
place I've ever been." A failing city, we have at least 25, is one that
can never expect to return to its former prosperity. Soon Detroit's population
will be one-third of what it was in 1960; there is no chance it will ever boast
two million again. While Detroit's problems are specific in their
particulars, cities like Baltimore, Cleveland, Toledo, Scranton and Hartford
share histories of similar policy choices that drove their continuous downward
spiral. [more...]
The
big problem with Obamacare is no one understands it! One thing that
appears to be certain is families will be paying more than what was promised to
them on Election Day. One of the bigger issues caused by Obamacare is
business owners are confused and afraid to grow their business. As a
leading authority on buying and selling businesses, I have my pulse on the
emotions of the business community. Unfortunately, many business owners
are deeply concerned about the ACA and are making the tough decision not to
grow their businesses. Many owners are deciding to stop at the 49 mark
and not hire any more employees. Most businesses operate on a tight
budget with minimal profit margins and they can't afford to pay out more
money. It's as simple as that. [more...]
It is increasingly clear that the 2012 elections, both
presidential and Senate, were stolen by Obama, the Democratic Party, the IRS,
and government employee unions. It’s right out of a mob movie like “The
Godfather.” In
a story reminiscent of the mob fixing union elections, the IRS enforcers
conspired to destroy Obama's main competition - the tea parties and other
conservative fundraising groups. Lois Lerner was only one of many IRS big-shots
in D.C. who gave orders to IRS offices across the U.S. to "kill" the tea
parties and other conservative groups. Their goal: steal the election. As of
only days ago, the "fall gal" retired from the IRS. We can only guess
what kind of massive payoff she received from Obama's donors. [more...]
In
the face of a stagnating economic activity many economists are trying to
explain why the medicine they have been administering these last six years isn't
working. Not capable of accepting theoretical defeat, they offer new
explanations. We are being told that technology has permitted big corporations
to replace manufacturing jobs with either cheap foreign labor or the
substitution of capital for labor using robotic technology. But, an even
grander reason is on offer by Robert Gordon who says that innovation itself is
slowing. He argues, much like many before him in similar moments when the
mysteries of economic life produced a slowdown that in their minds shouldn't be
that everything is different because people are living differently, or should
be. [more...]
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