There has been a lot of discussion whether there was any quid pro quo associated with donations to the Clinton Family Foundation while Hillary Clinton was Secretary of State. The Merriam-Webster Dictionary defines the term as “something that is given to you or done for you in return for something you have given to or … Read more
This was supposed to be the week both major party candidates concentrated on their visions and proposals for growing the American economy. On Monday, Donald Trump focused on reduced tax rates, deregulation and repeal/renegotiation of trade agreements. We have yet to hear from Hillary Clinton (scheduled for Thursday) but we know she will likely … Read more
The May 12 issue of Time Magazine included an article titled, “American Capitalism’s Greatest Crisis.” It included the following: A couple of weeks ago, a poll conducted by the Harvard Institute of Politics found something startling: only 19% of Americans ages 18 to 29 identified themselves as “capitalists.” In the richest and most market-oriented country in … Read more
During the 2012 presidential election, there was much talk by Republicans about “makers” and “takers.” The essence of the their argument was that the wealthy were job creators while those on any kind of public assistance were not contributing to the economy. If the success of the US economy is dependent on consumption, perhaps … Read more
During the height of the Occupy Wall Street movement, many opponents argued that the participants were un-American. They did not believe in capitalism. And reveled in the drop in stock values associated with the 2008 recession. On the morning of November 30, 2011, I saw a headline on CNBC.COM titled “Hedge Funds Drop Stocks.” In … Read more