While Obama delays the American oil pipeline and drilling for domestic oil the threats from Iran are expected to drive up the price of gasoline and oil. Thank an environmentalist wacko and Obama for $5 gas.
Archive for Category: "Economy"
January 7, 2012 13:07
EPA to destroy independent truckers – raise consumer costs
“Circumventing congress” again. A classic example of how big business conspires with big government to destroy competition and hurt entrepreneurs. These independent truckers are self employed so when they go broke they won’t raise the unemployment rate. A win -win for Obama. The consumer pays for it by higher prices on all goods shipped by truck.
January 7, 2012 10:59
Obama’s Low Expectations On Jobs
A separate Bureau of Labor Statistics measure that includes all not normally counted as unemployed — such as discouraged and underemployed workers — puts the real unemployment rate at an astounding 15.2%. – IBD
January 7, 2012 10:34
Jobs numbers hide decline in workers
[T]he Labor Force Participation Rate (LFP) [ ] may have hit a new 30-year low in December. In November it stood at 64.0%
January 6, 2012 06:45
Mitt Romney, the Value-Added Tax, and America’s European Future
Mitt Romney’s openness to a value-added tax makes him a dangerously flawed candidate, and I hoped Iowa voters shared my concern.
January 6, 2012 06:12
European Debt Crisis: Still A Major Problem With Global Implications
[B]ank stocks plunged throughout the continent and impacted the general markets as well. Interest rates climbed and the Euro broke below $1.28 for the first time since September 2010.
January 5, 2012 12:55
“Recovery” reality – incomes and wealth declined
“Four more years will bankrupt America.” Middle class incomes and net worth both declined under Obama’s three years of “recovery.” How’s that hopey changey thing working for you? Stewart Varney explains that the real issue is lower income and less wealth with Obama’s policies. He also thinks four more years of Obama’s policies will bankrupt America.
January 5, 2012 10:23
34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger
All of this prosperity that we see all around us is just an illusion. It is a false prosperity that has been purchased by the biggest mountain of debt in the history of the world.
January 5, 2012 07:15
Iran’s Desperate Gamble to Push Oil Up to $200
It’s pretty clear that we’re going to see some sort of military action against Iran’s nuclear infrastructure, either by Israel, the United States or even NATO. Recent words from Israeli policymakers, U.S. military action and even signals from the markets made that abundantly clear.
January 4, 2012 08:21
Eurozone leaders warn that a recession is coming. Yup: and whose fault is that?
The reason that the eurozone faces such hard times is that its leaders have decided to keep the single currency together at any cost. The coming recession is not some inexorable force of nature; it is a consequence of the policies being pursued by Merkozy, Monti, Barroso and the rest. – The Telegraph
