Category: Featured

The US is in Pre-Recession

The Commerce Department has released GDP data for the fourth quarter of 2012, and these numbers indicate a contraction of an annualized .1 percent, which wasn’t exactly a crash, but it was a contraction nonetheless.

If you read my work, you already know that I don’t think there was a real economic recovery, and that we are in a significant economic depression. If you pretend that people settling for part-time work when they used to have full-time work is indicative of job growth; and think the Fed ’s buying $40 billion per month in bonds with thin-air fun bucks is good; and ignore the college graduates who can’t find jobs because they hadn’t entered the “workforce” yet and were thus not officially unemployed – then …


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 …


Predictions For The Next Four Years (Part 2 of 2)

(This is Part 2 of a 2 Part Series– To Start With Part 1 Click Here)

Dollar Under Strain

There are so many dollars floating around out there, and so little American production for those dollars to chase, eventually foreign central banks will get wise and look to divest. At some point, that trickle could turn into a flood, and result in a dollar run. If that happens, life in America will be rather bleak for a time.

Police State

Obama has consistently lied about his civil liberties stances; campaigning against the Patriot Act and then supporting the renewal, and promising to veto the National Defense Authorization Act, and then signing it. There is no reason to believe he will change course now.

A …


Predictions for the Next Four Years (Part 1 of 2)

Well, Barack Obama will be President for a second term. It is now time to take a look around, and prepare for what is likely to happen next. Based on my observations and what I’ve learned over the years, these are my predictions:

No Housing Recovery

Commentators have been calling the bottom of the housing market – and screaming with increasing urgency that it was time to buy – since 2007. The Fed has cut interest rates to nearly zero, and through quantitative easing has flooded the financial system with new money. This will continue for the near future, especially since QE-infinity was announced earlier this year. There remains no recovery in the housing market, and there won’t be a recovery.

Bad monetary policy has …


What Have You Done To Save A Life Lately? Here’s Your Chance

ultrasound, unborn child, baby, abortionThis piece was originally published at TheIowaRepublican.com.  Republished by permission.  – Ed.

After an election like Tuesday’s, conservatives might need a little distraction, or perhaps even inspiration.  I managed to get a bit of both yesterday when I had lunch with the staff at InnerVisions HealthCare in West Des Moines.

One of the things that this election taught me is that change in this country needs to come not from political battles, but by truly changing the hearts and minds of people on the issues we care about.

So, yesterday, I got to hear about how a free healthcare clinic in our community provides pregnancy tests and ultrasounds to women in need who are facing unplanned pregnancy.  They provide free STD testing to men …


The People’s Decision Amazes

Winner, Trophy, DecisionI am surprised… not dismayed, but surprised.  I never expected that the results of today’s election would leave us with essentially the same political problem we’ve had for the past two years (and really four years, if you include the ineffective Democratically controlled Congress of 2009-2010).  But with a 6% approval rating, it just didn’t occur to me that the people’s decision would be to say “try again” to the team they so harshly disapprove of.

As of 11:00 PM Central Time, President Obama has been declared the winner of the election by every major news organization (although Governor Romney had not yet conceded the race).  In my home state of Iowa, we lost 1 of our 5 seats in the House in redistricting, and …


Mandates Of The 2012 Election

Mandate, checklist, expectation, assessment, pollI had really hoped to get some thoughts out regarding priorities in this election this past week, but between the disaster caused by hurricane Sandy (including impacts to family and friends in the region) and finishing up fall chores, it just would not happen.  After the election and before the convening of the next Congress in January we will speak to the legislative priorities that must be addressed in Washington (beyond the typical lame-duck activities that will go on at the end of this Congress).  -Ed.

Today some brief thoughts about how the victors of the 2012 election will spin our confidence in them into mandates.  We often hear how such-and-such an office-holder has a “mandate” from their constituents, typically based on real issues discussed …


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. …


Des Moines Register Challenge: Endorsement In Secret

Silence, off-the-recordThe Des Moines Register’s Editor, Rick Green, last night published some details around an interview that the Register’s editorial board held with President Obama Tuesday morning.  An interview they could not, at first, talk about publicly.  An off-the-record conversation that they say will contribute to their endorsement decision, and the conditions of which will not affect their decision.  Since Rick’s original online post, the White House has released their own transcript of the conversation.

To his credit, Rick was clearly frustrated with the White House for putting such severe restrictions on the 30 minute telephone interview.  He is convinced that Iowans need to hear what the President had to say, and that Iowans would be influenced positively by what Obama shared with the editorial …


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 …