President Joe Biden recently issued his first veto since taking office on Jan. 20, 2021.  Biden rejected a bipartisan bill that would have required investment fund managers to take politics out of their investment decisions and to stay focused on providing the best return to their clients as much as possible.  Why should you care? Because…

Budgets are about priorities. In the Biden administration's new budget, its apparent priorities are marred by problems. Here's the cheat-sheet version: Rather than containing explosive growth in spending, it would use a bunch of new taxes to wage class warfare. While this budget is dead on arrival in Congress, it's worth reviewing some reasons why…

The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden's Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon Valley Bank collapsed…

"I have no respect for the passion of equality," Oliver Wendell Holmes Jr., one of America's great jurists, once declared, "which seems to me merely idealizing envy."  But envy, and its sister vice, greed, are very much back in fashion today when it comes to the progressive Left. Just listen to President Joe Biden, who wants…

Joe Biden's name has never been synonymous with factual accuracy or intellectual integrity.   True to form, his 2023 State of the Union address pitched an exhaustive wish list employing a class-envy predicate that the U.S. income tax system “is not fair”:   And we pay for these investments in our future by finally…

Like Nero bragging about rebuilding Circus Maximus after burning it down, President Joe Biden took to the podium Tuesday night to take credit for solving a slew of problems he helped create. At the top of his State of the Union address, the president boasted that he had "more jobs created in two years than any president has created in four years…

For a man who ironically chose “No Malarkey!” as his campaign slogan, Joe Biden certainly traffics in it.   In the latest farcical example, witness the Biden Administration repeating for weeks on loop that he “takes classified documents very seriously,” even while continuing new discoveries confirm just the opposite…

The average American home is almost 2,200 square feet. An average home in the United Kingdom is a minuscule 818 square feet, in Finland 880 square feet and in Germany under 1,200 square feet. Cramped. Americans have bigger houses and a higher material standard of living – more appliances, clothing and cars – largely…

Most people don't lie awake at night worried about the national debt. Unfortunately, that includes President Joe Biden and the spendaholic Democrats in Congress.  They should be worried. Frankly, so should you, no matter what your politics. Economics is a science, and numerous studies by world-class economists confirm that when a nation's debt…

In what has become a miserable new normal, the U.S. Labor Department this week reported a November annualized inflation rate of 7.1%.   So how did Joe Biden react?  By spinning the number as some sort of triumph and spiking the ball, naturally.   We’re now two years into the Biden presidency, and the best they can say…

Fretting over your 401(k) lately? For all the current turbulence in these retirement plans – from their rocky recent market performance to asset managers' politicization of their investments through the "environment, social and governance" agenda – the main problem lies in their flawed design decades ago, a range of retirement…

The Democrats' new reconciliation bill isn't just going to be the largest-ever expansion of a government agency. It's going to be the largest expansion of the domestic police state in American history. Only a statist could believe that a federal government, which already collects $4.1 trillion every year – or $12,300 for every citizen…

While peddling the ludicrously named Inflation Reduction Act on CNN this past week, Sen. Joe Manchin claimed that Democrats were merely trying to "close the loopholes and collect the taxes that are owed to the Treasury and the United States people." In Washington, a "loophole" is a euphemism for a perfectly legal policy that Democrats…

With Americans increasingly desperate for a life preserver, Senator Joe Manchin (D – West Virginia) instead just threw them an anvil forged by Chuck Schumer (D – New York).   Although our economy just entered a recession, Manchin inexplicably decided that now’s the perfect time to reverse years of promises by supporting…

The first thing to remember about the reconciliation bill Sens. Joe Manchin and Chuck Schumer agreed to Wednesday is that, despite its utterly preposterous name, it has absolutely zero to do with inflation. The Inflation Reduction Act of 2022 is crammed with the very same spending, corporate welfare, price fixing and tax hikes that were part of Build…

If you think runaway inflation is brutal, wait until you get hit by the cure.  Last week, the Federal Reserve raised the interest rate on money it lends to other banks by .75%, the biggest hike in three decades. Fed Chair Jerome Powell said the hike is necessary to rein in skyrocketing inflation. He's planning more hikes in the coming months.…

President Joe Biden has written an op-ed for The Wall Street Journal detailing his plan to fight inflation. Well, perhaps the word "detailing" is too generous. The preponderance of the column features Biden taking credit for economic growth that can be attributed to the reopening of the economy that was shuttered by the governing class during…

In today’s polarized culture, debate is characterized more often by normative subjectivity than empirical objectivity.   Even where one side in a debate possesses an advantage of common sense and lessons learned through experience, objective resolution is often impossible and people must simply agree to disagree.   It&rsquo…

“Putin Price Hike.”   If Joe Biden and his enablers lie regarding a subject as amenable to precise mathematical refutation as inflation, one wonders what other lies roam beneath the murk of mainstream media guile and bureaucratic obfuscation.   The simple fact is that inflation commenced its sharp upward trend in January…

The government says inflation rose 8.5% in March compared to last year – the worst it has been in 40 years, since the bad old days of 1981. While inflation has infected virtually every area of the economy, the worst news concerns some very fundamental human activities: eating, finding warmth and shelter, and moving around. Look deep…

U.S. senators need to forgo the posh Capitol dining rooms and go food shopping in the shoes of ordinary Americans. Shoppers are panicking at the meat counter, where beef prices are up more than 20%. Nearly everything in the basket costs more. Most pols are clueless about the pain inflation is causing. Retirees are the biggest victims. Inflation is…

It's been quite a spectacle watching people who credit Democrats with every job created and every percentage point gained in economic growth suddenly arguing that the White House is completely powerless in the face of our current economic predicament. Presidents generally get far too much credit and/or blame for our fortunes, but they can certainly…

White House Chief of Staff Ron Klain recently endorsed the idea that inflation and supply-chain struggles Americans are struggling with are "high class problems." I'm in no position to comment on whether the inflation spike we're experiencing is "transitory" or not (though, metaphysically speaking, isn't everything!). Maybe it…

As economic clouds form both domestically and worldwide, what America and the world need is sober helmsmanship and policies that propel our economy, not weaken it.   Instead, we get preposterous and incoherent whoppers from Joe Biden in defense of his massive tax and spending scheme.   “Every time I hear, ‘This is…

Dems are pushing to pass a multitrillion-dollar spending bill called the Build Back Better Act. It ought to be called the Political Scam Bill.  Buried in the 2,465 pages are numerous billion-dollar grants to unnamed community organizations for vague purposes such as promoting "community engagement" and "creating equitable civic…

In what should still be a presidential honeymoon period, the Biden Administration finds itself rapidly collapsing and unable to execute even rudimentary tasks.   In such deteriorating circumstances, one would expect it to correct course and revive its plummeting credibility by steering in good faith toward unity, the political center and…

Rep. Alexandria Ocasio-Cortez donned an elegant gown with the slogan "Tax the Rich" painted on the back at the Met Gala in New York, where guests selected by Vogue's Anna Wintour ponied up around $35,000 a pop for tickets. The scene was reminiscent of Tom Wolfe's "radical chic" – though rather than being guests of…

The humongous bill that Democrats in Washington, D.C. are assembling this week is a slap in the face to Americans who work, pay taxes and support their families. The bill demeans work ethic and glorifies government handouts. It sends a message that work and self-sufficiency are for suckers. Better to climb on Uncle Sam's gravy train that will now…

After several months of steady economic recovery, we are once again facing economic uncertainty and peril. Last month, the Federal Reserve significantly raised its projections for inflation and moved up its timeline for interest rate hikes.  Against this backdrop, some lawmakers in Washington, D.C. like Congresswoman Maxine Waters (D – …

What’s wrong with this emerging picture?   Just five months ago, Joe Biden inherited a turbocharging economy, months of record monthly job growth numbers and a vaccination program that was already conquering the Covid pandemic.  Biden himself was vaccinated before he took office.   In the short period since his inauguration…