House Republicans push to make subprime, higher risk lending easier?

By Robert Romano By now, the causes of the mortgage crisis that nearly wrecked the global economy in 2007 and 2008 are common knowledge. Too many high risk loans were made, too much credit boosted housing prices to the moon, too much leverage was taken on by financial institutions, and then, when the bubble came crashing down, not enough capital […]

What would happen if we treated food like Obamacare?

-By Brad Tidwell In recent debates about Obamacare, there’s been a theme pushed by many opposing the Hobby Lobby decision to not pay for certain kinds of birth control — #NotMyBossBusiness. The idea is businesses should not be able to make health care decisions for their employees. The problem is that this is already happening — and not just with […]

New report highlights need for Zero to Zero sugar policy

By Rick Manning Trade policy discussions often end up in debates between perceived winners and losers with big businesses anxious to enter new markets pushing for “free trade” and protectionists arguing to restrict foreign made products into the country. Agricultural trade policy is dramatically murkier with debates about foreign government subsidies and the impact those giveaways have on the domestic […]

Help Wanted: One in six men aged 25-54 not working

By Tom Toth Five years into Obama’s presidency, the United States looks very different than it did in years past. Over 10.2 million American men between the ages of 25-54 — about seventeen percent of that age group — are not currently working. Two thirds of them have given up on looking for work altogether. As a comparison, in the […]

Is Congress planning to charge you mortgage insurance even if you put 20 percent down?

By Robert Romano Senate Democrats and Republicans on the Senate Banking Committee have agreed in principle on a plan to unwind the nearly $5 trillion Government Sponsored Enterprises (GSEs) and to, they say, “create a mortgage insurance fund for the system to protect taxpayers against future bailouts.” Under the proposal, S. 1217, supported by the Obama administration, lending institutions will […]

Now is the time to tackle sugar subsidies, pass Zero to Zero plan

By Rick Manning The 2014 Farm Bill has finally been put to bed.  One of the most contentious pieces of legislation that faces Congress every five years, the headline from this latest round in the fight against agriculture subsidies is more of the same. Millions of dollars were spent in lobbying and public relations, and at the end of the […]

500k lost jobs are the left’s collateral damage/political advantage on minimum wage

By Rick Manning As originally published at TheHill.com. If President Obama has his way on increasing the nation’s minimum wage, 500,000 Americans will see their wages cut to zero, their jobs eliminated by this feel-good government mandate, according to the Congressional Budget Office. That’s just another half million people’s hopes and dreams sacrificed as collateral damage to the ill-founded belief […]

Retirees not the ones to worry about, it is young people

By Robert Romano The precipitous drop in the nation’s labor participation rate has fueled a debate amongst economic prognosticators about what it means for America’s economy.  Some, like the Philadelphia Federal Reserve’s Shigeru Fujita, say the rate is declining naturally due to our nation’s population aging and Baby Boomers hitting retirement age. Others, like this author, have pointed to the […]

Does manufacturing cars require credit?

By Robert Romano “People may not realize that the creation and marketing of automobiles requires a financial system.” That was Manhattan Institute’s Diana Furchtgott-Roth writing for RealClearMarkets.com, responding to a piece from the New York Times’ Paul Krugman, “Paranoia of the Plutocrats.” In his piece, Krugman criticizes the current credit-driven financial system: “We’re not talking captains of industry here, men […]

Can we inflate the debt away?

By Robert Romano After a brief slowdown in fiscal year 2013 that ended September 30 — when the national debt grew “only” by $671.9 billion at a 4.18 percent rate — 2014 is shaping up to be another year awash in red ink. So far, since October 1, the debt has skyrocketed another $537.9 billion. And we’re not even halfway […]

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