TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Friday, March 22, 2013

Gun Control in the Senate: The Filibuster is Back! It has been all over for Feinstein’s gun grab for weeks. Her bill was dead on arrival, as I wrote two weeks ago. But now the Senate Democrats’ softer core version is DOA. There is a group of Republicans ready to imitate Rand Paul’s 13-hour marathon. They see the publicity he got, and they are [...] READ MORE Sequestration Undermines Federal Gun Control. The gun control crowd is facing a setback. Sequestration is going to cut into federal gun control efforts. U.S. News and World Report ran an article on the the federal government’s efforts in this regard. It concluded: “The U.S. court system has said that sequestration will have a major impact on the federal judiciary, including [...] READ MORE Obamacare Hammers Upper Middle Class in California: 30% Premium Hikes If you are a lower income person in California, your ship has come in. If you make over $70,000, your ship has pulled out. You are about to be run over by a freight train. The Los Angeles Times reports: Compared with what individual policies cost now, premiums are expected to rise an average of [...] READ MORE Dead Letter Office: U.S. Government Doesn’t Use the U.S. Postal Service. How bad is the United States Postal Service? In order to get a straight answer on this, ask the federal government. The federal government uses the Postal Service 2% of the time. Here is an agency that is so utterly incompetent that the United States government will not use it. How’s that for a testimonial? [...] READ MORE Biden on Gun Control: Concession in Advance If this were an NBA basketball game, Red Auerbach would be lighting his cigar. Joe Biden has given a concession speech. Listen to his words on next month’s vote in the Senate — not the House, where the bill doesn’t have a chance of passing. “That doesn’t mean this is the end of the process. [...] READ MORE Leno, Out. Lauer, Maybe Out. Will Anyone Who Reads Even Notice? The mainstream media are slowly fading into irrelevance. The World Wide Web gets people under age 35 — the prime audience of prime-time TV. Advertisers quit paying. Movies are on cable. Old TV shows are on Hulu and Hulu-Plus. Oldsters prefer older shows. Youngsters prefer video games, YouTube, and texting. The investment that the Establishment [...] READ MORE Keynesians Are in Panic Mode: Another Desperation Move The latest country to invoke panic spending is South Korea. Its economy is faltering. What is needed? A bigger deficit, of course. Then what? More central bank inflation. The central bank is expected to cut interest rates on short-term government bonds next month. All over the world, East and West, the politicians are desperate. So [...] READ MORE Young Democratic Socialists: Hopeless Beyond Belief “A spectre is haunting Europe — the spectre of communism.” — Karl Marx and Frederick Engels, Manifesto of the Communist Party (1848), opening sentence I bring good news. Marxism is really, truly dead. I figured that out in late 1991. The drunken stupor of the would-be counter-coup, anti-Yeltsin Communists in mid-August was the sign of [...] READ MORE “Stomp on Jesus’ Name or Flunk My Class,” Says Professor. Student Refuses. Gone! I love a story like this. It shows the utter perversity of tax-funded university education. A student in a class in the academically peripheral Florida Atlantic University was told by the instructor to stomp on the name of Jesus. Do it, or flunk. The student refused. He then protested to the administration. Result: the student [...] READ MORE “Loving” Christians Who Plan to Steal Your Money by Ballot Box I am writing a detailed critique of one of Jim Wallis’s fans. She is a professor of law. She wants the rich to pay for the welfare state. She thinks 70% of their income is about right. She calls herself a moderate. I am serious. She really thinks 70% is reasonable. But so did Kennedy. [...] READ MORE