Professor Mark J. Perry's Blog for Economics and Finance
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4. Thomas Sowell endorses Newt Gingrich. No surprise that a Southerner supports another. If Newt wants to rail upon his opponent being a corporate raider, then he should look to his home state of Georgia. That state's economic development department is a corporate raider that uses government interference and stimulus money to steal (and ultimately reduce) jobs....and the ongoing losses in U.S. are an exception (losses in all five years from 2007-2011).That's because the USPS is being purposely killed with a massive pension obligation. It's like a huge boat anchor to an otherwise profitable USPS. Kill the pension obligation first. If one is not willing to do that, then one has a vested interest in killing the USPS.
I don't often disagree with Thomas Sowell, but this time I do.
I don't often disagree with Thomas Sowell, but this time I do.I agree with you, AIG.Ah well, we are all entitled to our opinions.
"Thomas Sowell endorses Newt Gingrich""Endorse" may be too strong a word. Sowell seems to be saying "Anybody but Obama"."Those who want to concentrate on the baggage in Newt Gingrich's past, rather than on the nation's future, should remember what Winston Churchill said: "If the past sits in judgment on the present, the future will be lost. If that means a second term for Barack Obama, then it means lost big time."
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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