Young parents in America are holy and not to be messed with. If they say something is correct, we all acquiesce. And is there any man, woman or canine who doesn't leap out of the way when one of those giant, all-terrain Bugaboo strollers comes barreling down the sidewalk?
What's wrong with the auto industry isn't that it failed to create jobs. What's wrong is that it emphasizes jobs over general growth itself.
If you do a serious presidential bio, you want to supply the reader with maximum material because otherwise you're offending the reader. A president for many people is a serious thing and they want to know everything.
The Grand Old Party's abiding affection for a 'bigger and better' presidency isn't entirely logical. After all, the Obama presidency commenced with an effort to reenact the Hundred Days. Yet President Obama's first-term economic performance itself was not 'big' but mediocre - tiny, even.
Coolidge believed that government officials who tell themselves that spending benefits the economy delude themselves and the citizens. Government budgets promote human freedom.
Disillusionment can come as fast as a gust, but building faith that the government won't inflate again is like building a new sailboat, a project of years.
Democrats who see virtue in the estate tax are doing the equivalent of aborting future enterprises. They deprive businesses of oxygen with their support for capital gains taxes and disregard for contracts.
The most remarkable thing about Calvin Coolidge is that he served for 67 months, and when he left office, the budget was lower than he came in. In real terms - in nominal terms with vanilla on top - he cut the budget year over year.
The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government.
FDR's job results were, to put it politely, disturbing.
Anti-parent music seems to be all the pop-rock market wants.
When you do something moral and upright and wander off by yourself, well, everyone doesn't always follow you, do they, right? You pat yourself on your sanctimonious back but it doesn't mean the crowd rewards you for doing what you think is right.
In the end, all new schools, public or private, snobby or not, add value to the education market, making it bigger and more efficient, in the same way that Zuckerberg added wealth to the economy even for non-Facebook fans.
To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.
With demands for special education or standardized test prep being shouted in their ears, public schools can't always hear a parent when he says: 'I want my child to be able to write contracts in Spanish,' or, 'I want my child to shake hands firmly,' or, 'I want my child to study statistics and accounting, not calculus.'
McCain likes strong defense, and he's viscerally suspicious of big companies. So he's more a Square Deal guy than a New Deal guy.
