US Action News

“As democracy is perfected, the office of the President represents, more and more closely, the inner soul of the people. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last and the White House will be occupied by a downright fool and complete narcissistic moron.” —- H.L. Mencken, The Baltimore Evening Sun, July 26, 1920

“At just 63.5 percent, participation in the labor force remains very low by historical standards and below last year’s average of 63.7 percent.”

The economy stagnates. Syria burns. Scandals lap at his feet. China and Russia mock him, even as a “29-year-old hacker” revealed his nation’s spy secrets to the world. [ … tens of thousands of jobs killed, entire states impoverished. This at a time of chronically and crushingly high unemployment, slow growth, jittery markets and deep economic uncertainty.] How does President Obama respond? With a grandiloquent speech on climate change. – Charles Krauthammer

Rand Paul puts his name behind Citizens United in attempting to rally conservatives to abolish the IRS in favor of a streamlined and easy to understand tax code that eliminates the need for a monstrosity like the IRS!. They have a website at AbolishNow.com.

U.S. has “turned Japanese” with a near lost decade of job creation. We should expect results that are similarly poor as in Japan in coming decades: we use the same policy prescription for the same ailment, why wouldn’t we have the same result?

Global warming “disasters” exist only in computer models, Hollywood movies and alarmist assertions; and the “preventative measures” are worse than the disasters.

The Labour Charter of 1927 – promulgated by Italy’s Grand Council of Fascism under Mussolini – is a guiding document of this doctrine and provides for government-based economic management. This same document recommends government provision of healthcare and unemployment insurance. Sound familiar?

Rick Santelli rants against recent Fed statements and stock market dependence on the Fed’s buying of government debt known as QE.

Uncle UN is going to make sure that our wealth is evenly distributed across the planet in its global communism vision.

“Between 2007 and 2010, median consumer net worth declined by 39%, with, unfortunately, low income households facing the greatest percentage decline.2 This fragment of economic history is a powerful reminder that government intervention can have unintended consequences, often of unforeseen magnitude.”