In late 2007 and 2008, the United States and the global economy were devastated by the subprime crisis. That financial calamity was so named due to the hundreds of thousands of foreclosed upon homeowners who were unqualified for the loans they received from mortgage originators around the country. The disaster did not result from the […]

In Pennsylvania on Tuesday, Republican White House hopeful Donald Trump delivered a blistering attack on U.S. trade policy. Unfortunately, he chose the wrong week to proclaim, "We Are Going To Make America Great Again For Everyone--Greater Than Ever Before." Just the day before, the deficit-hawks at the Committee for a Responsible Federal Budget (CFRB) offered […]

From the beginning of his unlikely quest for the 2016 Republican presidential nomination, Donald Trump has enjoyed the strong backing of those GOP voters who say they want a successful businessman in the White House. After only his outsider status, Gallup polling showed earlier this year, backers of the real estate mogul turned reality TV […]

President Obama's forceful statements in support of the UK remaining in the European Union made waves on both sides of the Atlantic. Brexit leader and London Mayor Boris Johnson protested Obama's "hypocrisy" on an issue of UK sovereignty, attributing Obama's firm position to the "part-Kenyan President's ancestral dislike of the British empire." But here in […]

GOP presidential frontrunner Donald Trump mystified economists with his prediction this week that the United States faces a "major recession." Their confusion is well-founded. After all, with unemployment at 5.0 percent and the job-seekers returning to the work force, the U.S. just turned in its best two-year performance since the booming 1990's. That said, there […]

Running third in the race in the race for the 2016 Republican presidential nomination, Ohio Governor John Kasich nevertheless insists he's in it to win it. His refusal to yield is based on two equally bogus selling points. Compared to Donald Trump and Ted Cruz, the union-busting, abortion-ending Kasich portrays himself as a relative moderate. […]

Just days after recording robocalls for Marco Rubio in Florida, failed 2012 Republican presidential nominee Mitt Romney joined Governor John Kasich on the campaign trail in Ohio on Monday. Bizarrely, Romney wasn't there to endorse Kasich, but instead merely to oppose Donald Trump. But in trying to keep alive his faint hopes of rescuing the […]

As Barack Obama marks his seventh year in office, the resurgent American economy is posing a major problem for his Republican detractors. After years of denouncing the President's supposed "out of control spending", "job-crushing taxes" and "job-killing Obamacare," the pathetic GOP claim that Obama "made the economy worse" can't pass the laugh test. After all, […]

It is an article of faith among Republicans that federal spending is "out of control" under President Obama. For the stenographers who seem to make up the bulk of the American media, the image of Obama the "tax and spend liberal" is taken for granted. Too bad it's not true. As the latest 10-year budget […]

Back in my days as a denizen of Silicon Valley, we start-up types used to joke that Sand Hill Road in Menlo Park, California was the single most important street in the world. After all, for almost five decades that one-mile mecca of the venture capital world has helped fund every high-tech transformation of the […]