TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Wednesday, January 30, 2013

Payroll Taxes Rise. Consumer Confidence Plummets. Congress Is Shocked. Shocked! In November, consumer confidence was measured at 71.5. Today, it is barely above 58. That is a major decline. This month, the Social Security/FICA tax was hiked on wage-earners. They are becoming pessimistic. They should. The politicians thought a FICA tax hike was a no-brainer. The economy had recovered. The decrease, which began in 2010,... READ MORE Beating Obamacare: Hospitals Across Borders You are stuck with Obamacare if you need health insurance. If you can pay for treatment, you can get treatment far cheaper with no waiting period. Here’s how. No rationing. No standing in line. I like the hospital ship idea. Get on board, sail 200 miles outside the USA, and you get cheap, efficient care. ... READ MORE Why Your Town Is Going Broke Cook County’s Treasurer has created a website where citizens can find out how far in the hole their governments are. They are all so far in debt that future taxpayers will lose their homes, she says. “In May, 2012, the collective debt reported by the local primary taxing agencies in Cook County was more than... READ MORE DVD, RIP The Philips Company, a Netherlands giant, is best known in the USA for the Norelco electric razor. It has sold off its consumer electronics line. Fifty years ago, Philips introduced the audio cassette. It could no longer compete with Japan in the consumer electronics market. The head of the company said that the DVD, even... READ MORE Parents, Be Prepared. The Boy Scouts May Accept Homosexual Scoutmasters. “Be prepared. That’s the Boy Scouts’ marching song. Be prepared, as through life you march along.” Tom Lehrer wrote that ditty over 60 years ago. It ended with this: “If you’re looking for adventure of a new and different kind, and you come across a Girl Scout who is similarly inclined, don’t be nervous, don’t... READ MORE Escape from New York: Hedge Fund Millionaires Head for Florida There is no state income tax in Florida. Real estate is sand cheap. Buy a mansion foe what a townhouse in New York City costs. There is snow. There are hurricanes. But you can get them in New York City, too. Say that you earn $1,000,000 a year or more. Would you prefer to pay... READ MORE FED Will Buy $1.1 Trillion in Bonds. Then It Will Buy More. If the FED must buy $1.1 trillion in bonds over the next 12 months, as now seems likely, why will it stop next year? It won’t. Forecasters are incredibly naive. They make a forecast about FED policy over the next 12 months, and then say nothing about 12 months after that. If the FED has... READ MORE Hostess Tries to Sell Its Brands Members of the small union that refused to bargain with Hostess are now looking for work. “I guess we showed ‘em.” Yes, they did. They are on food stamps now. They are receiving their unemployment checks from the federal government. The taxpayers are paying for their stand against the capitalists who owned Twinkies. With respect... READ MORE President Hillary? An Insider Says It’s Inevitable. David Rothkopf has written a column on CNN saying that Hillary Clinton will be elected President in 2016 if she wants the job. Who is Davod Rothkopf? He is the author of Superclass, the best Insider book on who the Insiders are, how they work, and how 6,000 of them control an enormous percentage of... READ MORE Rev. Jim Wallis: Liberal Patsy for the World Plutocrats Jim Wallis is the most terminally naïve public figure I have seen over the last 45 years. Nobody else comes close. Every year, he gets invited to the World Economic Forum in Davos, Switzerland. It is the annual meeting of the richest and most powerful people on earth. Why do they invite Wallis? Wallis is... READ MORE