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Category: Economy

Maxed-Out Families and the Fading American Dream

by Perry L. Weed | Nov 1, 2006 | Economy

Editor’s note: President Bush never misses an opportunity to tout the economic growth and job gains of the last few years. The Dow may be at record highs, but there’s an ugly truth behind the myth of today’s economic “good times.” We asked occasional contributor Perry L. Weed to tease out the real story from […]

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McCain Sells Out | Wal-Mart Gets Political | Capitol Hill Is an FBI Crime Scene

by WS Editors | Oct 1, 2006 | Economy, Politics

Compromised Principles—When is a compromise not a compromise? When one side gets almost everything it wants and the other is left high and dry. That’s what happened in the recent debate over the Bush administration’s “anti-terrorism” interrogation powers. On one side were a trio of Republican senators led by John McCain (R-AZ), who was in […]

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What Does a Dying U.S. Auto Industry Mean for the Rest of America?

by WS Editors | Aug 1, 2006 | Economy

In the 1980s Chevrolet proclaimed itself the “Heartbeat of America.” Today, many would say that the American auto industry barely has a pulse. Last November, General Motors (owner of the Chevy brand) announced that it was cutting 25,000 jobs and closing up to 12 factories by 2008. The news came one month after auto-parts giant […]

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Much Ado About the Inheritance Tax | Replacing “Duke” | Corruption Investigation Widens

by WS Editors | Jun 15, 2006 | Economy

Repealing the Paris Hilton Tax—A dozen or so protesters gathered outside the Senate in early June, dressed as the grim reaper: black robe, white mask, scythe. “Bury the Death Tax,” their signs read. The invocation of death and taxes, they hoped, would prove particularly lethal. The movement to abolish a long-standing tax on inherited wealth, known as […]

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Fantasy vs. Reality in the Federal Budget

by WS Editors | May 1, 2006 | Economy

In case you missed it—and the Bush administration was certainly hoping that you would—the federal government’s operating deficit for 2005 was $760 billion, or a whopping 138 percent higher than the much more widely reported budget deficit of $319 billion. The Bush administration hailed the lesser amount when it was announced last October by the […]

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