How is Romney doing?
I haven't monitored all of the networks, but has anyone asked Mitt Romney how he is doing personally in this downturn?
View ArticleA Conservative Case for Universal Health Care
I am a CPA and a fiscal conservative voting for Barack Obama. There is conservative case to be made for universal health care, and if Obama can make it well, there is hope on this issue. I have lived...
View ArticleA CPA says "Sue the auditors!"
A kind commenter of my health care diary suggested that I comment as a fiscal conservative CPA on "the fiscal mess of the week(century?)." The Big-X auditors were flat-footed wrong on their audits of...
View ArticleWilliam Greider - Prophet
I saw William Greider on Book TV today and it reminded me of an article he wrote in Rolling Stone just before the Savings and Loan bubble burst in the early 1980s. I was teaching college finance at the...
View ArticleThe dog dies...
I haven't seen the old National Lampoon cover resurrected in the bailout discussion: "If you don't buy this magazine, we'll kill this dog." (Google it) Unfortunately, there is some truth here. The...
View ArticleThe watershed moment
Here is the moment John McCain proved that he would sacrifice his prized honor in order to get the endorsement of Jerry Falwell. He is explaining to Tim Russert, not very convincingly, why he no longer...
View ArticleArlo and Paxton are laughing today
Arlo Guthrie had the best-known recording of Tom Paxton's great song, "I'm Changing My Name to Chrysler" back in a previous era of corporate bailouts:
View ArticleMissing the point on Acorn
Missing in all of the hooplah on both sides of the Acorn voter registration issue is the real key question: Why is any of this complication about over registration necessary at all? All citizens of age...
View ArticleAn alternative to the flat tax
The flat tax is still a likely rabbit-in-the-hat trick for McCain. We need to have a good alternative at the ready. Here is a plan that would establish more fairness without necessitating any...
View ArticleHow Mitt Made His Money
Mitt is not going away, perhaps because the competitive field looks so bland (Daniels or Pawlenty) or crazy-ideological (the list is too long). So, folks, we need to see Mitt’s tax return. And since he...
View ArticleWhy substantial cuts won’t happen
For all of the talk from left and right about budget cuts, I remain amazed that so many people are missing the basic “K Street - Congressman in Your Pocket” reality of how government discretionary...
View ArticleBain Survives on Three Tax Breaks
There is a good reason why equity capital firms such as Bain have flourished in more recent years. Their business model depends on three specific tax breaks, and without them, they are much less...
View ArticleMitt, Bain and Cash Cows
So we have only seen the trailer of the Newt-financed takedown of Bain Capital, but it appears that even Republicans are confused about whether private equity capital firms like Bain practice "good...
View ArticleWhere Adam Smith Was Wrong
I grew up on Adam Smith’s The Wealth of Nations. I was a CPA, corporate executive, and top-5 business school MBA from Mitt Romney’s era, and Smith was God. But one strange, often repeated phrase...
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