02.27.2015 in Economy, Featured by NetRight Daily 11

Net regs adopted, ALG asks ‘Why even have a Congress?’

By Robert Romano “Why even have a Congress?” That was Americans for Limited Government President Rick Manning’s question on the Federal Communications Commission’s (FCC) 3-2 vote in favor of new so-called “net neutrality” regulations. The final rulemaking, the text of which has not been released yet, will include “reclassification of broadband Internet access as a telecommunications service under Title II […]

Cartoon: Net regs to be unveiled

By A.F. Branco Click here for a higher resolution version.

02.23.2015 in Economy, Featured by NetRight Daily 3

Why ‘low’ inflation still hurts

By Robert Romano One of the great mysteries in Washington, D.C. facing elected officials is why constituents feel like they are running in place, and never seem to get ahead financially. It’s because they aren’t. Since the Great Inflation of the 1970’s, brought on by a surge of the working-age population and exacerbated by leaving the gold standard, prices have […]

If Senate Dems want a reprieve from Obamacare, they should repeal it

By Robert Romano The deadline for signing up for Obamacare has passed, and now 3 to 6 million uninsured will have to pay penalties under the law’s individual mandate, Administration officials say. Each will have to pay the greater of either $325 or 2 percent of income. That could mean as much as $2 billion of fines doled out by […]

Gallup CEO: “Unemployment report amounts to a Big Lie”

By Rick Manning The unemployment numbers got weird in January as they jumped dramatically across the board.  The household data for January 2015 was revised, according to the Bureau of Labor Statistics, to “reflect updated population estimates.” In a nutshell, the underlying assumptions the government uses in the survey of approximately 50,000 households were changed due to a recalibration of […]

02.04.2015 in Economy, Featured by NetRight Daily 7

How a $484 billion deficit turned into $1.1 trillion of new debt

By Robert Romano The budget deficit for Fiscal Year 2014 was only $484 billion. In 2015, it will rise to $583 billion, after which it will return to below the $500 billion mark. That was one of the more ballyhooed aspects of the now-released budget from the White House Office of Management and Budget (OMB) for Fiscal Year 2015 as […]

02.03.2015 in Economy, Featured by NetRight Daily 1

When it comes to the budget, there’s Obama, and then there’s reality

By Robert Romano The $3.99 trillion latest budget is available from the White House, and once again it is time to put on your rose-colored glasses. For the uninitiated, every year the President via the Office of Management and Budget is required to present his budget to Congress for consideration. Inside, one can find the administration’s views of everything from […]

Federal budget deceit

By Scott Rasmussen Today, President Obama will unveil his proposed federal budget for 2016. Voters should be warned that virtually all the numbers reported in news coverage of the federal budget will be misleading at best. That’s because the budget reporting will be written primarily in the language of official Washington rather than the language of everyday Americans. In Washington, […]

01.28.2015 in Economy, Featured by NetRight Daily 1

The real deflation

By Robert Romano Deflation? No, not footballs. In this case, a growing number of economic observers are becoming concerned about falling prices, in the Eurozone, the Pacific, and elsewhere — and what it means for the global economy. In the 1930s, falling prices were a scourge. Assets became less attractive over time, since they might be cheaper to get in […]

01.27.2015 in Economy, Featured by NetRight Daily 3

‘Occupy Athens’ electoral win threatens euro, default

By Robert Romano With the radical left party Syriza taking power in Greece — winning 36 percent of the vote and 149 out of 300 seats in the Greek parliament — speculation has begun anew on whether Greece will leave the Eurozone as the sovereign debt crisis there roils on. Call them Occupy Athens. But, as it turns out, the […]

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