These subsidies have and continue to enjoy bipartisan support precisely because they benefit both Republicans and Democrats come election time, when they can say they helped create jobs for their district and state. But targeted tax credits and other subsidies are wasteful and economically destructive for four fundamental reasons:
Archive for Category: "Economy"
May 25, 2012 05:40
You lie! Krauthammer: Obama spending claim “unbelievable distortion of the truth”
Joseph Goebbels would be proud. Obama’s increased debt is the worst in the history of America. His only answer is it could be worse or it’s STILL Bush’s fault. What’s a failed president to do? Just doctor the numbers. Goebbels “openly acknowledged that he was exploiting the lowest instincts of the German people — racism, xenophobia, class envy and insecurity.” Sound familiar?
May 24, 2012 17:48
Will The War On Coal Unplug Obama In November?
As coal use drops, job losses rise and electricity prices skyrocket, an electoral map of the 16 top coal-mining states does not bode well for an administration whose energy policy consists of algae and exploding electric cars. – IBD
May 24, 2012 17:02
Drachma drama as Europe nears chaos
Is this the beginning of the end of the Eurozone? Will the chaos bleed over to the U.S.? Aren’t you glad Obama has a Nobel Peace prize?
May 24, 2012 16:57
Obama’s gobbledygook on Europe
What? Can anyone understand what that answer was? Do you feel reassured that he has a plan for the collapse of the Euro? Do you think he really has any idea of what he is talking about? Can we afford four more years of this DUHplomacy? How many times does he say “uh?”
May 24, 2012 16:20
Global recession means drop in oil prices
Oil is a global commodity and lower demand means lower prices. As Europe crashes, China slows down and America stalls, oil prices will continue downward followed by lower gas prices. Watch for Obama to take credit for lower prices but not the economic slowdown that is really causing the price drop.
May 24, 2012 15:57
Jobless numbers reported low 20 weeks in a row to protect Obama campaign
Joseph Goebbels would be proud. Obama’s “recovery” is the worst rebound from recession since WWII. His only answer is it could be worse or it’s STILL Bush’s fault. What’s a failed president to do? Just doctor the numbers. We always hear the headline number and then strangely for the last 20 weeks that number has been quietly revised higher to the true number. Goebbels “openly acknowledged that he was exploiting the lowest instincts of the German people — racism, xenophobia, class envy and insecurity.” Sound familiar?
May 24, 2012 06:35
Shale Gas Boom Creates Jobs and Saves Consumers Billions
Sure seems like a win, win, win situation – an energy stimulus program that didn’t require any taxpayer support and wasn’t even part of any intentional energy policy from Washington.
May 24, 2012 06:00
Eurozone downturn ‘accelerating’ – death spiral?
Activity at European businesses hit a near three-year low in May, according to a survey by Markit. – BBC News
May 23, 2012 14:11
Perfect storm of taxation and cuts on the horizon
The senate refuses to even vote on a budget. Sen. Hatch explains the disastrous consequences of continuing to ignore record deficits, record spending and record debt along with the monstrous tax increases that will hit Americans Jan. 1, 2013. The continued uncertainty is harming economic growth and job creation.
