Economy

The Great New Year Stampede

by Victor Davis Hanson Tribune Media Services There is a new-year stampede developing that we have not seen for a long time. Gun stores are swamped with panicking customers. They are looking for handguns, semi-automatic rifles and as much ammunition as they can afford. Share This

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Ripples from the Election

by Victor Davis Hanson National Review Online Now that the election is over, we are starting to see the contours of what lies ahead for the next four years. Here are some likely consequences from the Obama victory. Share This

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Let the Real Fat Cats Pay Their Fair Share

by Victor Davis Hanson Tribune Media Services Who exactly were the rich who, as the president said, were not “paying their fair share”? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president’s earlier warning that, “at a certain point you’ve made

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A Nation of Takers Hurtles Toward the Fiscal Abyss

by Bruce Thornton Frontpage Magazine The on-going negotiations over avoiding the tax hikes and spending cuts we call the “fiscal cliff” are simply the latest act in a farce of self-serving political denial. For decades now both parties have overseen and nurtured the expansion of the entitlement state all the while ignoring the slow-motion economic

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The Kingdom of Fairness

by Victor Davis Hanson Tribune Media Services We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back. Share This

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The Ahistorical Krugman

by Victor Davis Hanson National Review Online Paul Krugman weaves a fantasy tale of how high taxes, big unions, and government regulations created a booming 1950s economy — the implication being that in reactionary fashion we can now in a second term return to our heyday under Obama’s envisioned union support, growth in government, tax hikes, and

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Tuning Out a President

by Victor Davis Hanson PJ Media Tuned-out Presidents Somewhere around early 2006, the nation tuned out George W. Bush for a variety of reasons, some warranted, but many not. Share This

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The Second Oil Revolution

by Victor Davis Hanson Tribune Media Services The world was reinvented in the 1970s by soaring oil prices and massive transfers of national wealth. It could be again if the price of petroleum crashes — a real possibility given the amazing estimates about the new gas and oil reserves on the North American continent. Share

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‘Exceptional’ America

by Victor Davis Hanson Defining Ideas Accepting inevitable national decline is the new pastime of both the media and government elite. Some of the pessimism revolves around current federal financial insolvency. Share This

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