The latest budget put forth by the Obama administration demonstrates the same level of incompetence and wishful thinking. “All the voters need to do is suspend belief for another nine months. And ignore the first four years,” opined The Wall Street Journal.
Archive for Category: "Economy"
February 17, 2012 07:51
Paul Ryan rips Geithner over huge debt spiral in new budget
Treasury secretary Geithner who had trouble figuring out his own taxes says the administration “has some work to do” when questioned by Paul Ryan over the national debt increasing to $26 trillion. Ryan accused the administration of “misleading” and continuing “to lie” to the American people.
February 17, 2012 06:12
The Banishment of the Marginal Worker
Unemployment among this generation is frighteningly high all over the eurozone. These people are wandering and lost. They are slumming and rioting from Athens to London, and not one politician in power has a viable plan for what to do about it.
February 17, 2012 05:07
Unions and Government: A Suicide Pact for Everyone
So in their effort to “help” unions, the Department of Labor and the NLRB will hobble our economy. Reducing domestic economic activity will have a ripple effect around the globe, reducing the level of exports of those very things that are produced largely by union labor, which will result in layoffs of union members. – American Thinker
February 16, 2012 17:28
Jeff Sessions and Paul Ryan: Obama’s dereliction of duty
Given the fallen expectations for this president, his latest broken promise was no surprise to the millions of Americans who have seen great hope turn to great cynicism. We see serious danger in shrugging off the president’s dereliction of duty — a danger compounded by Democratic leaders in the U.S. Senate, who have refused to offer any budget at all for more than 1,000 days. The unsustainable growth of government spending is pushing the nation ever closer to a debt-fueled economic crisis.
February 16, 2012 12:03
U.S. Hostages Abroad and High Gas Prices at Home–It’s Jimmy Carter Redux
Come November, if drivers of cars are shelling out $5 a gallon at the pump, a lot of voters are going to be very unhappy. If our citizens are still being held hostage in Egypt they will be even less happy.
February 16, 2012 06:12
Krauthammer: Obama’s “war on fossil fuels” causes rising gas prices
83% higher gas prices since Obama took office. Obama has said he is ok with higher gas prices as long as its a gradual increase. His anti-energy secretary Chu is famous for having said the US needs to have higher gas prices like in Europe.
February 15, 2012 07:25
Real Unemployment Remains Over 10% Since June 2008
Despite the stark increase in unemployment since 2008, it matters not where the line ends – currently at 8.3% (official) and 15.1% (U6 alternative) – but rather the lack of any meaningful, sustained improvement for more than two years.
February 15, 2012 07:13
Two Party Tango – Impeach Them All
The economic collapse, as a result of this borrowing and stimulus, will be terrifying and worse than it needed be. … As frightening as the economic event will be, it will be superseded by the political damage. Given the state of our economy and the state of our government, there is a high probability that we lose our form of government.
February 15, 2012 06:06
Obama’s Knack for Picking Losers
Obama is spending immense sums for subsidies to particular industries and technologies, almost $40 billion for clean-energy programs alone … Meanwhile, the administration blocks shovel-ready private investment such as the Keystone XL pipeline from Canada to the Gulf Coast, which would create thousands of American jobs, increase energy security, and even improve the environment. – WSJ
