Freedom Communications The late economist Milton Friedman used to say the insights offered by the discipline of economics can be summed up in a simple phrase: There ain’t no such thing as a free lunch. The eternal desire of politicians is to disprove this simple maxim by trying to offer free lunches through the coercive […]
Washington, DC – Yesterday, Rep. Ben Ray Luj
Rather than stimulating the economy, government efforts to create “green jobs” probably have the opposite effect, judging from experiences where the tactic is employed, and numerous studies: Massive taxpayer subsidies are required, higher energy prices result, and existing jobs are lost, according to a new study by the U.S. Senate Subcommittee on Green Jobs and […]
By Clyde Davis: CNJ columnist The signs of a bad economy reveal themselves, to some extent, all around us. We have just made a cross country drive, New Mexico to Florida, and couldn’t help but be aware of what was going on, in terms of the economy, in different areas. Even Dallas, sometimes seen as […]
U.S. Senator Tom Udall, D-N.M., today released the following statement regarding the Senate’s passage of a budget for Fiscal Year 2010: “The Senate’s budget moves America towards a future with more clean energy jobs, a quality education for all of our children and a health care system that works for all of us.
By Tibor Machan: FNM columnist As one who tasted a bit of Nazism and communism, today’s economic fiasco strikes me as relatively mild as human disasters go. For starters, many in America remember the Great Depression and World War II, both of which devastated millions of lives, destroying the bulk and arresting even more. The […]
Here is a sad, undisputed fact: About 350,000 rather wealthy people at “the top” own as much as the entire bottom half of the remaining 300-plus million people in America, the land of the free. In a nutshell, what has happened is we have pursued a living within a system that blatantly milks the productivity […]
By Garbiel Monte and Argen Duncan As a stimulus package aimed at infusing almost $800 billion into the economy hurtles through Congress on its way to the president’s desk, eastern New Mexico residents are hopeful it boosts the economy. Eastern New Mexico officials said the package should include money to help homeowners fight foreclosure and […]
WASHINGTON – U.S. Senators Jeff Bingaman and Tom Udall today said there is at least $953 million for New Mexico in the Senate’s version of the economic recovery package, which will be used to create good jobs in the state.
President Barack Obama has announced a cap of $500,000 a year on the pay of senior executives at distressed financial institutions that receive bailout money deemed “exceptional assistance” from the taxpayers via the federal government. This is an understandable move considering the circumstances, but it carries some dangers. One can understand the populist impulse behind […]
Freedom New Mexico A new poll found that people rank global warming dead last, 20th out of 20, among their top concerns. The economy was No. 1, while other economic-related issues unsurprisingly gravitated to the top. The survey conducted Jan. 7-11 asked 1,503 adults on cell phones and landlines to rank 20 issues by importance, […]
Good to finally see Bush exit office Dubya was the first American president to hold a Master of Business Administration degree. So how did he do? Apparently competence is not a criterion for an MBA from Harvard. Bush always had all the economic answers. So the economy is doing well? “Then we need to lower […]
Freedom New Mexico P.J. O’Rourke wrote, “The mystery of government is not how Washington works but how to make it stop.” Advocates for limited government can identify with that sentiment. It seems that each successive administration in Washington piles on more regulations and more bureaucracy, and intrudes more into the everyday lives of Americans, regardless […]
Freedom New Mexico President-elect Barack Obama’s new environmental team may bode ill — trillions of dollars of ill — if they are true to their green colors and implement administratively what even the Democratic-controlled Congress has refused to do legislatively, all in the name of saving America from global warming. Congress, which is restrained at […]
CNJ Staff The Salvation Army is preparing to launch its Christmas programs in the face of a trying economy for charities and individuals alike. Today is the last day applications will be taken from families for the empty stocking fund and in the next week, collection kettles and Angel Trees will be going out in […]
By Sharna Johnson: CNJ staff writer The shaky U.S. economy dominated the discussion at the Elks Lodge Tuesday morning, where U.S. Rep. Heather Wilson spoke as a representative for Sen. John McCain’s presidential campaign. Audience members expressed frustration about the $700 billion federal bailout plan, citing the recent case of AIG executives who spent $400,000 […]
Freedom New Mexico From a political perspective, the big debate Friday night was probably a draw. Given that the electorate is nearly evenly divided on which candidate to choose, the debate results will only reinforce this indeterminate status quo. Republican John McCain had better answers on the economy. But Democrat Barack Obama had better answers […]
CNJ staff photo: Liliana Castillo County officials said rain played a part in a decrease the fair’s attendance compared to last year. By Gabriel Monte: CNJ staff writer Rain showers and the economy put a damper on this year’s Curry County Fair attendance, according to county officials. Curry County Manager Lance Pyle said gate receipts […]
By Grant McGee: CNJ columnist Contributing to the national economy can start with something as simple as putting a lawnmower blade on backward or installing a left pedal on the right-side crank arm on a bicycle.