Class warfare permeates many areas, including the gas pump. And if our nation’s dependence on oil and petroleum products doesn’t change, the gap between rich and poor may indeed continue to widen. In the past 11 years, gas prices have more than doubled, due to the scarcity of oil and our dependence on foreign imports. [...]

These charts come courtesy of Professor Mark Perry at the American Enterprise Institute – a right leaning think tank.  For all of the claims by the members of the Republican party that President Obama is a socialist intent on $5 a gallon gas all as part of his evil plan to ruin the American economy [...]

There has been a whole lot of uncertainty lately with the unanswered questions about the fiscal cliff and whether or not Republicans and Democrats can agree on a way forward post-election.  That is creating uncertainty in the markets and things are not at optimal levels in great part because of political gridlock.  Until we see [...]

In 2011 – two economists - Nobel laureate Peter Diamond at MIT and Emmanuel Saez at Berkeley – wrote a paper making the case for a progressive tax code i.e. higher incomes pay higher taxes and lower incomes pay lower taxes.  They argued against zero rates for capital gains and higher marginal rates for the very [...]

It’s very hard for people to understand the shear magnitude of inequality of opportunity in this country.  We talk about income inequality but that ultimately leads to wealth inequality, and I think that’s the whole enchilada … the whole problem.  One of the benefits of having a wealthy plutocrat like Mitt Romney running for President [...]

“Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.” ~Investors Business Daily  I know that it runs counter to what people have been led to believe relative to the deficit.  When we talk about President Obama [...]

“If large retailers institute a wage floor equivalent to $25,000 per year for full-time, year-round workers, consumers would pay under just 15 cents more per shopping trip on average.” ~Demos report  Demos is an advocacy group that focuses on income inequality and essentially works as a think tank to stimulate discussion and debate on issues [...]

Double click on the image to see it in full screen.  This chart comes from the Public Religion Research Institute and their findings are consistent with what Americans saw in the 2012 election – the older someone was – the more religious and more likely they were to vote for a Republican wherein the younger [...]

“The uninsured have a higher risk of death when compared to the privately insured, even after taking into account socioeconomics, health behaviors, and baseline health.” ~Lead author Andrew Wilper, M.D. In America – the wealthiest nation in the world – it is a moral sin to allow people to simply die from not having health insurance. [...]

This chart comes from the non-partisan Kaiser Family Foundation.  They have been tracking the popularity of Obamacare since its inception and what they are finding is a steady drop-off in the number of Americans who want to see it repealed.  This drop-off in the anti-Obamacare crowd may have something to do with the fact that Americans [...]