Archive for January, 2010

An Uncertain Future for America’s Economic Growth

As of January 22, the current public debt totals more than $12.3 trillion. The Congressional Budget Office reports that if current laws and government spending remain the same, the budget for FY 2010 is estimated at more than $1.3 trillion. During the Middle Class Task Force meeting, Vice President Biden and President Obama announced new [...]

Cato’s State of the Union Fact Check

The Cato Institute offers interesting commentary on Obama’s State Of The Union speech. Cato Editors provide useful information on tax cuts, the stimulus bill, the budget freeze, and job creation. Read the State Of The Union Fact Check for information on some of the major statements made during Wednesday’s address to Congress.

Saints in the Super Bowl: A Guaranteed Economic Success

Regardless of the Super Bowl outcome, February 7 will be a success for the city of New Orleans. New Orleans is a great venue for travelers that is regaining its position as one of the most appealing tourist cities in the South. As reported in the Fourth Quarter Hospitality Industry Report, the city has 34,700 [...]

Volker Rule Offers More, Not Necessarily Better, Regulation of Banks

“If these folks want a fight, it’s a fight I’m ready to have,” said President Obama as he emphasized his campaign against Wall Street. Following up on the after-TARP tax, Obama is introducing the Volker Rule to impose tougher regulations on the financial sector. The Volcker rule will cap the size and scope of banks, [...]

Executive-Level Bonuses are Returns on High-Risk Investments

Since September 2008 executive bonuses have been criticized as excessive, unfair, and unnecessary. Case in point: Last week in a public speech President Obama referred to executive bonuses as being “obscene.” Are executive bonuses really a problem? Or just a way for politicians to gain public approval? Consider the traditional return on investment model: the [...]