Keyword: johnlott

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  • Liberals and the Texas Unemployment Miracle

    08/22/2011 4:53:28 AM PDT · by JohnRLott · 4 replies
    Fox News ^ | August 19, 2011 | John R. Lott Jr.
    With Texas Republican Governor Rick Perry officially entering the presidential race last week, liberals have started attacking Texas' economic record. Paul Krugman in the New York Times went first last Sunday. "So what you need to know is that the Texas miracle is a myth, and more broadly that Texan experience offers no useful lessons on how to restore national full employment," Krugman claimed. With the latest Gallup poll showing that just 26 percent of Americans approve of President Obama's performance on the economy, liberals have little choice but to try to distort what is happening in Texas. Krugman: "In...
  • The Texas Miracle Is No Myth

    08/19/2011 6:58:33 PM PDT · by JohnRLott · 36 replies
    National Review Online ^ | August 19, 2011 | John R. Lott Jr.
    Just hours after Rick Perry officially entered the presidential race last Saturday, liberals started to attack Texas’s economic record. Paul Krugman got the ball rolling in Sunday’s New York Times: “So what you need to know,” Krugman claimed, “is that the Texas miracle is a myth, and more broadly that Texan experience offers no useful lessons on how to restore national full employment.” With the latest Gallup poll showing that just 26 percent of Americans approve of President Obama’s performance on the economy, liberals have little choice but to try to distort what is happening in Texas. To do so,...
  • How the Academic Left Engages in Debate: Inside an ugly attack on a renowned criminologist

    08/16/2011 9:21:04 AM PDT · by JohnRLott · 16 replies
    National Review ^ | August 16, 2011 | John R. Lott Jr.
    Academic debates occasionally get pretty ugly, and that is just the way it is. Sometimes they get very ugly. There is one case that has bothered me for several years. James Q. Wilson is now 80 years old, and for decades he has been the most prominent criminologist in the country, responsible for a number of important ideas, such as the Broken Windows theory, which argues that urban disorder and vandalism produce additional crime. Undoubtedly, Wilson has made a number of enemies, as he has taken positions that upset some on the left. One such issue was Wilson’s involvement with...
  • Looks Like We're In a Recession, Not a 'Recovery'

    08/05/2011 9:43:18 AM PDT · by JohnRLott · 11 replies
    Fox News ^ | August 5, 2011 | John R. Lott Jr.
    There seems no place to hide. Americans have seen the value of their stock portfolios crash this week. The S&P 500 and NASDAQ have both lost about 8 percent of their values, and they are headed down again today. This week the Japanese NIKKEI stock market also lost over 9 percent of its value. And the UK's FTSE has lost over 11 percent. The German DAX about 13 percent. So much for promises that if we only passed the debt ceiling increase the stock markets would be calmed. Everyone was waiting for today's unemployment numbers to be released. The 117,000...
  • The Debt Deal's Three Biggest Winners and Losers

    08/02/2011 10:14:03 AM PDT · by Para-Ord.45 · 23 replies
    http://www.foxnews.com ^ | August 02 2011 | JOHN LOTT
    Unfortunately, the new agreement does not accomplish as much as many had hoped, or as much as it should have, in terms of curbing spending and continued deficits. This explains why stock markets continued to fall despite the supposedly "good" news. The reason is because, once again, politicians are continuing to push the problem to the future. The Winners: 1. Stimulus Recipients and Big Government: 2. Deficit Spending: 3. Score a Victory for Scare Tactics: The Losers: 1. Our Bond Rating: 2. The Tea Party: 3. The Economy: John R. Lott, Jr. is a FoxNews.com contributor. He is an economist...
  • The Debt Deal's Three Biggest Winners and Losers

    08/02/2011 11:11:19 AM PDT · by JohnRLott · 30 replies
    Fox News ^ | August 2, 2011 | John R. Lott Jr.
    With a debt ceiling agreement finally in place and the Senate on track to approve it today congratulations are being handed out all around.  Armageddon and catastrophe has supposedly been averted. And politicians are rushing to put the best face on the deal.  Unfortunately, the new agreement does not accomplish as much as many had hoped, or as much as it should have, in terms of curbing spending and continued deficits. This explains why stock markets continued to fall despite the supposedly "good" news. The reason is because, once again, politicians are continuing to push the problem to the future. ...
  • Did gun control fail Norway?

    07/26/2011 8:39:45 PM PDT · by JohnRLott · 36 replies
    Sun News ^ | July 26, 2011 | Ezra Levant and John Lott
    Sun News' Ezra Levant and John Lott discuss the horrible multiple victim public shooting in Norway.
  • Congress Can Learn From 1995-96 Debt-Ceiling Debate

    07/26/2011 7:57:07 AM PDT · by JohnRLott · 2 replies
    Fox News ^ | July 26, 2011 | John R. Lott Jr.
    Failure to raise the Federal debt ceiling limit could "roil the financial markets and cause severe economic problems," "cause profound damage to our country," and have “dire consequences.” So wrote the Los Angeles Times, Washington Post, and New York Times. But the year was 1995, not 2011. Other ills predicted during that contentious debate were rising unemployment, reduced GDP growth, and soaring interest rates. That was at a time when President Clinton and Democrats were fighting off attempts by Republicans to link cutting the deficit to the increase in the debt ceiling and a continuing resolution on spending. Then as...
  • Myths About Debt Ceiling ‘Disaster’

    07/18/2011 10:42:55 PM PDT · by JohnRLott · 8 replies
    Fox News ^ | July 18, 2011 | John R. Lott Jr.
    Is there an overload of doomsday predictions?
  • Seven Myths About the Looming Debt-Ceiling 'Disaster'

    07/15/2011 9:33:33 AM PDT · by JohnRLott · 15 replies
    Fox News ^ | July 15, 2011 | John R. Lott Jr.
    If Congress and the president don't raise the debt ceiling, the consequences will be disastrous, politicians and pundits tell us, -- the equivalent of an economic Armageddon. And President Obama warns that the consequences are so dire that he cannot possibly tolerate any delay in making an agreement. He announced yesterday that any debt deal must be completed by today, July 15th. According to Treasury Secretary Timothy F. Geithner, failure to raise the debt ceiling limit will cause the United States to default and "cause a financial crisis potentially more severe than the crisis from which we are only now...
  • Canada's cold proof: Job growth without 'stimulus'

    07/08/2011 2:40:44 PM PDT · by lowbridge · 15 replies
    NY Post ^ | July 8, 2011 | John R. Lott
    President Obama insists that our sluggish recovery would've been even worse without his $830 billion "stimulus." Last Friday, the White House released a report purportedly showing that passage of the "stimulus" created up to 3.6 million jobs (even though the economy actually lost 1.8 million jobs since then). But if Obama's program -- including a 28 percent hike in spending since 2008 and more than $4 trillion in deficits -- worked so well, why has our unemployment rate risen more since those policies were adopted than have the rates of the European Union, South America, Japan, Australia or New Zealand?...
  • The Puzzle of 'Operation Fast and Furious' When Will Team Obama Come Clean?

    07/08/2011 9:54:34 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 38 replies · 1+ views
    foxnews.com ^ | July 08, 2011 | John Lott
    The Puzzle of 'Operation Fast and Furious' When Will Team Obama Come Clean About Failed Gun Program? There are two puzzles in the so-called “Gunwalker” or “Operation Fast and Furious” case. This is the shocking case where Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) agents ordered American gun dealers to sell guns to obvious Mexican drug gangs over the objections of the gun dealers. Here are just some of the questions that the Obama administration still has not answered: 1. Why would the government go through with the policy when it was seemingly obvious to everyone that there was...
  • Greece Needs to Pay Off Debts While It Still Has a Chance

    06/22/2011 8:55:01 AM PDT · by JohnRLott · 9 replies
    Fox News ^ | June 22, 2011 | John R. Lott Jr.
    Tuesday night the Greek government survived a no confidence vote, with relative ease, thus allowing the Greek government to go forward negotiating a new bailout. The government faces a vote over "new austerity" measures, but there is no more reason to believe that Greece will keep its promises to sell assets and cut spending this time than it has over the past year. Last year's mammoth €110 billion ($157 billion) European Union and International Monetary Fund bailout was supposed to cover Greece's financial problems for three years. But just one year later Greece is seeking another €100 billion. The G-7...
  • Even Bernanke Can't Deny That Obama's "Recovery" Is Bad

    06/07/2011 1:58:20 PM PDT · by JohnRLott · 31 replies
    Fox News ^ | June 7, 2011 | John R. Lott Jr.
    Federal Reserve chairman Ben Bernanke couldn't deny the obvious in his speech Tuesday in Atlanta. The economy is bad, with Obama’s “recovery” is setting records for being anemic and the unemployment stuck above 9 percent. Almost 5 million Americans have completely given up looking for work and left the labor force since the "recovery" that started in June 2009. GDP growth the seven quarters into the Obama recovery has averaged an annual rate of only 2.8 percent, a fraction of the 4.6 percent average growth during recoveries since 1970. And this recovery would have been even worse if the Federal...
  • Who Has the Best Plans to Rescue America from the Budget Crisis?

    05/28/2011 9:59:46 AM PDT · by JohnRLott · 17 replies
    Fox News ^ | May 28, 2011 | John R. Lott Jr.
    Who has the best plans to fight the budget crisis? Well, it seem that the Democrats do not even have a plan, or perhaps they secretly have one but are embarrassed to release it. Either way, Democrats are stubbornly refusing to release any budget plan. Instead, they just complain about the two that have been presented so far. Thus when the Senate voted on budget plans this week, Senators considered two options but neither one received a single yes-vote from a Democrat. One proposal, the House Republican budget, the so-called "Ryan plan," was attacked by Democrats as "draconian” or “unconscionable."...
  • Team Obama's Debt Limit Scare Tactics Are Getting Old -- Fast

    05/19/2011 2:18:20 PM PDT · by JohnRLott · 6 replies · 1+ views
    Fox News ^ | May 19, 2011 | John R. Lott Jr.
    Wasn't the world supposed to end on Monday? No, I'm not talking about May 21. But on Monday, the U.S. government officially hit its debt limit, but where are disasters that the Obama administration have been predicting for months? We were warned that hitting the debt limit would be "deeply irresponsible" or “insanity” or “abrupt contraction would likely push us into a double dip recession.” But Americans woke up today to find nothing really changed from last week. The Obama administration’s scare tactics are getting old. Unfortunately, they keep on getting away with this and aren’t held accountable when their...
  • Where Are the Jobs, Mr. President? The Jobless Obama Recovery Continues

    05/09/2011 1:48:33 PM PDT · by JohnRLott · 14 replies
    Fox News ^ | May 9, 2011 | John R. Lott Jr.
    There has been no recovery in the job market during the Obama recovery. Despite all the cheerleading by the Obama administration and the media, job creation has been horribly sluggish. The jobs created recently are noteworthy only in comparison to the lack of jobs created during the rest of the “recovery.” In contrast to other recoveries over at least the last half century, job creation has never been more anemic. When the new employment numbers came out on Friday, Austan Goolsbee, the head of the President Obama's Council of Economic Advisors, boasted about "the solid pace of employment growth in...
  • In Defense of Greedy Oil Companies and Speculators

    05/04/2011 3:30:10 PM PDT · by JohnRLott · 7 replies
    Fox News ^ | May 4, 2011 | John R. Lott Jr.
    The price for regular gas is hitting $4 a gallon this week, and Americans want to know who is to blame? that's easy, it's greedy oil companies and speculators, that is if we are to believe President Obama’s anti-business rhetoric over the last couple weeks. In fact, he has already a Department of Justice investigation into "manipulation in the oil markets that might affect gas prices, including any illegal activity by traders and speculators." Even high-ranking Republicans might go along with the investigation. Last week, House Speaker John Boehner discussed possibly accepting the President’s proposed tax hikes on oil companies...
  • You Call This a Recovery? Obama Offers More Excuses Than Solutions

    04/29/2011 10:12:58 PM PDT · by JohnRLott · 22 replies · 1+ views
    Fox News ^ | April 29, 2011 | John R. Lott Jr.
    Call it the "excuses recovery." President Obama and his administration have been warning for the last week that the just announced first quarter GDP growth rate of 1.8 percent would be weak, and they have been quick to blame it on the recent spike prices in oil. The problem is that this whole recovery has been anemic, not just one or two slow quarters of economic growth. Seven quarters into the Obama recovery, GDP growth has averaged an annual rate of only 2.8 percent. In contrast, since 1970, the first seven quarters of previous recoveries averaged 4.6 percent. The poor...
  • Don't Single Out Standard & Poor's for Being 'Political'

    04/19/2011 11:00:41 AM PDT · by JohnRLott · 3 replies · 1+ views
    Fox News ^ | April 19, 2011 | John R. Lott Jr.
    If you think it's hard now to balance the budget, just wait until our credit rating gets trashed. Monday’s warning from the Standard & Poor’s rating agency -- that the U.S. government’s credit rating could be revised downward -- produced a firestorm in Washington. Republicans called it a "wake-up call," while the Obama administration's chief economist, Austan Goolsbee, lambasted Standard & Poor’s actions as purely "political." Credit ratings aren’t just a matter of national pride. Less dependable, risky borrowers have to pay a higher interest rate to get people to buy their bonds. Right now the our government only has...