Obama Admits Couldn’t “Convince Americans Of Recovery,” Bashes “The Big Short”

See you everyday Americans just don’t get it. I saved you. Me. The prez. You know – me. Me. That you make far less in real terms than you did when I took office? That 1 in 4  (at least) working age Americans aren’t working? All those people who dropped out of the unemployment numbers because they’ve been on unemployment for over 5 years? That we aren’t creating businesses anything like we used too?

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Venezuelan Government Imposes Daily Four-Hour Blackout Nationwide

It takes real work to screw up an economy this bad. When a country which sits on massive energy reserves must cut the lights for 4 hours a day one knows that socialists have got to be running things. In a market economy these issues would be solved pretty quickly or more likely would not happen at all.

But hey, everyone will be equally in the dark. So that’s good.

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How Wartime Washington Lives in Luxury

War can be excellent business. It is also often hell. So that leaves us in a weird place.

This article needs to be read, particularly by people who are not familiar with Washington DC, our wealthiest American metropolitan area by far. That’s right, not New York, not San Francisco, Washington.

It didn’t used to be this rich. It didn’t use to be this rich not that long ago. And as you know dear readers we have nothing against people being rich.

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5 Things ACA Supporters Don’t Want You To Know About UnitedHealth’s Withdrawal From ObamaCare

D’oh.

In another life I was a property and casualty insurance underwriter. I would assess risk and figure out if premiums for a given area were enough or too much. Was the company too exposed to hurricane damage? What about earthquakes? Balancing risk with premium was the name of the game.

Given my background I have never understood how Obamacare was going to “work.” Obamacare seemed (and is) an adverse selection machine. The sick are more likely to sign up and the healthy have shied from the program for any number of reasons.

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Robert Reich: The New Common Ground Between Populist Left and Right (?) VIDEO

Yes, we are featuring a video by Robert Reich, someone who is often very wrong on very important subjects. Saying that however we very much appreciate this video and its spirit. There are some major points in the video where I think he’s a bit optimistic from his perspective but there certainly are plenty of areas where what we commonly call the “Right” and “Left” can come together to do some real good.

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The Ugly Truth About A $15 Minimum Wage

It’s a truth so many don’t want to see and it is entirely understandable why they don’t want to see it. Raising the minimum wage far above the natural wage rate for a minimum wage job will create job losses. Jobs will be cut. Hours will be cut. Positions will be automated. Some businesses will just close down.

Basically the unskilled worker is stuck. On the one hand the (minimum) wage he or she is getting may not be enough to pay the bills.

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Some CEOs don’t like that cronyism is increasingly under the microscope

“The precipitousness of the political debate is a little scary right now,” said Jim McNerney, who served as chief executive of Boeing Co. until last year and as chairman until February, at a recent industry conference.

“Anti-business” and “anti-market” are 2 very different things.

Many feel frustrated these days. There is the sense that there is an agenda and that everyday people are not part of that agenda.

Many people have been under considerable economic pressure since the Crash in 2008,

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45% of Americans pay no federal income tax

Meet Loot and Extortion.

Many people even actually get tax credits, that is money in their pockets from the money extracted from taxpayers by the IRS.

I have little problem with people not being legally obligated to pay taxes. Taxes should have minimal impact on people’s lives. The smaller the tax bill the better for everyone.

But some of us must pay taxes. Many of us who fall into this camp are by no means rich,

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LA Times: California minimum wage hike hits L.A. apparel industry: ‘The exodus has begun’

There are some people who think that we just rail against arbitrary minimum wage increases because it hurts business owners. They are very wrong. The main reason we point out the trouble with extending a minimum wage far beyond the actual market wage for unskilled labor is because it will put people, often people who are really struggling already, out of work.

There are “winners” in a minimum wage hike. Politicians. Unions and their members who have contracts based off of the official minimum wage.

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