February, 2009 - Archive

The 2 Percent Illusion
Chris Banescu  |  February 27, 2009

Wall Street Journal | Feb. 26, 2009
Take everything they earn, and it still won’t be enough.
President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end [...]

Fool’s Golden State
Chris Banescu  |  February 22, 2009

Investor’s Business Daily | February 19, 2009
The world’s leading maker of microprocessors plans to create 7,000 jobs in new and expanded plants that will churn out computer chips 30% more powerful than the current generation of chips. But California-based Intel won’t make them in California.
Instead, the company is expanding in Oregon, Arizona and New Mexico. [...]

The Decline of California
Chris Banescu  |  February 18, 2009

The Wall Street Journal | February 17, 2009
If you thought Washington’s stimulus debate was depressing, take a look at the long-running budget spectacle in California. The Golden State’s deficit has reached $42 billion, Governor Arnold Schwarzenegger is threatening to furlough 20,000 state workers (go ahead, make our day), and as we went to press yesterday [...]