Category: 2012 Issues That Matter

Die Law Schools, Die!

law schools 2Law school applications are declining sharply according to the New York Times, which is reporting a projected 38 percent decline from 2010 application levels.

When they failed to find jobs, law graduates took to the internet in droves to spread the word about their predicament, and finally the American Bar Association demanded more employment information from law schools. Before that, schools could count a graduate working part-time as a janitor as “employed,” and could thus report a 91 percent employment rate for their law school graduates.

No longer. The ABA now demands information regarding the type of employment; full-time or part-time, practicing law or not, law-related or not, and the numbers are terrible.

In response, law schools have shown about as much sympathy as one …


The Harsh Republican Reality of the Fiscal Cliff

I break from a majority of Republicans on the current fiscal cliff negotiations and believe the rate increases that Democrats are seeking should eventually be agreed to. More specifically I would support John Boehner signing on to taking the top bracket from 35% to 37-38% (short of the 39.6% Obama wants).

Of course the argument against doing so is the superior one—essentially that the Senate and the President want more money to spend while having not passed a budget in 3 years and having not yet put any real spending cuts or entitlement reforms on the table. But the two Parties have been at a stalemate over this issue for years and in my view the trump card is that last month they held the …


Waechter’s Final Pre-Election Weigh In: No Matter How You Vote, the Economy Will Not Improve

I cast my ballot early. I didn’t vote third-party and therefore my vote isn’t being wasted. It also isn’t going to matter.

Since 1990, the United States has run aggregate trade deficits above $8 trillion. This is funny, because in 1990 the M2 metric of currency supply was only $3 trillion. There should be nothing but dust coming out of the ATM machines. We have purchased entire merchant-fleets full of foreign goods, and paid for it by quite literally printing money.

Foreign countries, being more blatant about their currency devaluation policies, have been willing to go along with this arrangement. The result is this dynamic: The US prints dollars to buy goods from China, and the Chinese central bank prints yuan to buy the dollars. …


2012 Election Issues That Matter: Life

Political Issues Important, That Matter, 2012 ElectionAs this election draws to a close, and although many have already gone to the polls, I’d like to ponder some of the issues that matter in this election. Some matter more to the general population than others, and we will cover as many as we can between now and November 6. The intent is not so much to compel you to vote for a particular candidate, but to provide some food for thought about the issues and why they are important.  -Ed.

Of all of the issues that fall before us this year, “Life” has the most significance to me.  All of the other issues pale in comparison, and my innermost desire is to do everything I can to ensure that everyone is able …