Category: Economy

Dear American, You Owe the U.S. Gov’t $31,871

Posted on by Warner Todd Huston

Thanks to the profligate spending in Washington D.C., each American citizen’s share of the debt is now up to $31, 871, as you can see by the chart below… But that is nothing compared to where it will be in just a few short years. As the chart shows if things continue the way they […]

 

Shocker: Green Jobs Kill Real Jobs And Income

Posted on by William Teach

As we approach the time of Obama’s wishy washy jobs whine, we can surely assume that it will include lots of bloviating for more green jobs. And yet another study shows that the government push for these kills real jobs The UK’s headlong rush into renewable energy —one ignored by the rest of the world […]

 

Three articles on how to create more jobs and raise productivity: cut regulations

Posted on by Craig Newmark

“Ten Job-Destroying Regulations“. “Labor Rules Thwarting ‘Green Jobs’ Agenda“. (“Looking forward to the impending West Side Story brawl between the Teamsters and the Greensters.”: Heh!) “And Here’s How to Double Productivity“.

 

Obama Uses Weekly Address To Discuss…..Transportation

Posted on by William Teach

Let’s see: he’s planning on giving a non-primetime speech to a joint session of Congress regarding jobs creation next week, one which has already been reduced to being an idea to release a notion of a plan over the next few months (in between campaign fundraisers). We have the 10th Anniversary of 9/11 coming up […]

 

Newt Gingrich’s Illinois Fundraiser

Posted on by Warner Todd Huston

As I sit down to craft this report I just this moment returned from a fundraiser for former Speaker of the House Newt Gingrich held in a small town called Lake Barrington in the western suburbs of Chicago. It was a nice, congenial scene unfortunately held on one of Chicago’s hottest evenings with temperatures reaching […]

 

Proof: Obama WAS Trying to Use Joint Speech One-Upmanship As Political Ploy

Posted on by Warner Todd Huston

The American left and its handmaidens in the Old Media spent 24 hours desperately trying to spin Obama’s attempt to schedule a joint session of Congress on the same day as the GOP debate as an example of how the GOP is refusing to work with him. These leftists categorically deny that Obama was simply […]

 

US Government Rated Lower Than Securities Backed by Subprime Home Loans

Posted on by Dave Blount

The latest disgrace, brought to you by President Downgrade and Helicopter Ben: Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the U.S. government. S&P is poised to provide AAA […]

 

Rep. Peter Roskam Starts Ball Rolling On Regulation Scale Back

Posted on by Warner Todd Huston

I spent most of the day on Aug 30 sort of embeded with Congressman Peter Roskam, Republican of the Illinois 6th District and Chief Deputy Whip in Washington, as he toured his district talking to local businesses. The whirlwind tour of businesses in Roskam’s district — topped with a presser in downtown Chicago — was […]

 

Infant Tyro: Obama’s One-Upmanship of GOP Debates Clearly a Power Play

Posted on by Warner Todd Huston

-By Warner Todd Huston President Obama wants to give us his jobs plan. Yeah, three years after he got elected saying he was all about jobs. It isn’t the speech that is important, here, though — he won’t say anything new or important in it. It is the fact that he’s trying to bury the […]

 

Illinois Ranks Bottom of States With Worst Government Unions Accountability

Posted on by Warner Todd Huston

-By Warner Todd Huston A new study finds that Illinois ranks at the bottom of states with the worst climate of government union accountability in the nation. The Land of Lincoln ranks 47th in the nation of out of control, unaccountable government unions says the Competitive Enterprise Institute’s new “Big Labor vs. Taxpayers Index.” The […]

 

Children Better Behaved Than Union Thugs in Wisconsin

Posted on by Warner Todd Huston

The MacIver Institute of Wisconsin has been doing stellar work on the situation between the unions and the rest of Wisconsin since Governor Scott Walker first entered the Governor’s mansion. The Institute has really shown the thuggery that is the unions again and again, revealing them for what they are. Well, MacIver has done it […]

 

If you think a gold standard is the answer . . .

Posted on by Craig Newmark

. . . I suggest you read this. It’s not. BUT TO invoke the wisdom of Herman Cain, returning to the gold standard would be more difficult than practical. Envisioning a statute requiring the Federal Reserve to redeem its notes for fixed amounts of specie is easy, but deciding what that fixed amount should be […]

 

Obama: The Kingpin of Broken Promises

Posted on by Warner Todd Huston

Well, let’s get the ball rolling on another broken promise from The One, Barack Hussein Obama, shall we? I mean, every time we think we are done chronicling his broken promises we have to do a reset. He’s had so many gutter balls on this that it is hard to keep them straight. His record […]

 

From My Facebook Feed: What Caused the D.C. Earthquake?

Posted on by Warner Todd Huston

Here are some of the jokes that appeared on my FaceBook Page about what caused the earthquake in the Virginia/Washington D.C. area the other day. I started the ball rolling with this: Wait, is it true that the DC quake was triggered by someone dropping a copy of the Obamacare bill?? My friend Matt added: […]

 

Obama’s Newest Way To Let Unions Avoid Disclosure Rules

Posted on by Warner Todd Huston

Obama and his union-sold Department of Labor has spent the last three years trying every legal trick, and some merely arrogant ones, to help unions get away with criminal behavior. Obama has especially been working to get his union patrons out of having to declare their financial information to the government like businesses have to. […]

 

Joe Biden OK With Murdering Chinese Babies

Posted on by Warner Todd Huston

We are faced with a difficult dilemma concerning Vice President Joe Biden’s outrageous comments about China’s one-child policy delivered in China this week. On one hand we must either believe Joe Biden is a compete idiot, or on the other understand that he is OK with the fact that Chinese officials forced women to late […]

 

$1.2 Trillion in Secret Loans to Wall Street Crony Capitalists

Posted on by Dave Blount

Ask yourself if this is the sort of thing you ever expected to see happen in America: Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on […]

 

No Spark: The Unanswered Questions of the Chevy Volt

Posted on by Warner Todd Huston

Every time we turn around these days President Obama is touting the idea that the “future” of America lies in green energy and one of those greenie ideas is an Obama favorite: electric cars. Not to let him down, Government Motors has obliged by pushing the Chevy Volt as the car of the future. But […]

 

Obama Attends Cocktail Party At Home Of Wealthy Harvard Militant Marxist Black Panther Mentor

Posted on by Pat Dollard

Charles Ogletree was a black panther. He is also the lawyer of Henry Louis Gates, the racist Harvard professor who’s racism caused the beer summit. Ogletree’s daughter Rashida was recently hired into Holder’s Justice Department as a lawyer. Ogletree is still a militant leftist and is still called on by the Obamas for advice. OAK […]

 

Get Ready for A Laugh Riot New Obama Movie: ‘Porkulus II, The Next Fail’

Posted on by Warner Todd Huston

That’s right, folks, if you thought Porkulus one was a laugh a minute, get ready for “Porkulus II: The Next Fail,” a new flick coming soon from Obama/Alinsky/Marx productions. If you thought the last Porkulus was a failure wait till you see the next one. Click image to see larger version Yes, all your favorites […]

 

Eric Cantor Slams Obama In Washington Post Op-Ed

Posted on by William Teach

The amazing thing is that the Washington Post published the piece at all. Perhaps this is further proof that the political left is getting rather tired of Mr. Obama: Removing the obstacles to economic growth Our country is facing two related but separate crises. The first is the federal government’s debt crisis, the result of […]

 

Union Astroturf Pretends Like Tea Partiers to Attack GOP

Posted on by Warner Todd Huston

The Hill has an interesting, if not a bit slanted, report about the faux grassroots efforts of unions and left-wing advocates to pretend they are somehow just like the Tea Party by attacking the town hall meetings of various GOP congressman across the country this Summer. The Hill dutifully reports without complaint the union’s claims […]

 

Top Ten Richest Members of Congress: Only 3 Are Republicans?

Posted on by Warner Todd Huston

OK, what’s the deal, here? I thought all the rich folk was s’possed to be Republican? But in Roll Call’s list of the richest members of congress we find that the top ten is stuffed mostly with fatcat Democrats. Only three Republicans made the top ten richest list. Gosh, what happened to the left’s meme? […]

 

Obamas Travel Like South American Dictators

Posted on by Warner Todd Huston

Presidente Obama es muy importante. He must be. He travels like a South American Dictator instead of a president of a democratic nation. Sacrifice is so for the little people, ya know? Let’s take his latest of his many, many vacations. His loverly wife, Michelle, had the government fly her via helicopter and a government […]

 

(NMP) Obama Continues To Question Republican’s Patriotism In Weekly DNC Address

Posted on by William Teach

Wait, it wasn’t the official DNC address? It was the weekly Presidential Saturday address? The man is a shameless, partisan hack President Obama says political leaders in Washington should take a lesson on values and patriotism from the American people he met on a Midwest bus trip last week. The president delivered this morning’s weekly […]

 

$20 Million for 14 Green Make-Work Jobs

Posted on by Dave Blount

Excellent news for our progressive rulers: unlike anthropogenic global warming, green jobs have been proven to actually exist. Seattle has created 14 of them, at a cost to taxpayers of a measly $20 million: Last year, Seattle Mayor Mike McGinn announced the city had won a coveted $20 million federal grant to invest in weatherization. […]

 

As US Credit Rating Falls, Florida’s Rises

Posted on by Dave Blount

Elections matter. Even as America’s credit worthiness has fallen for the first time in history under President Downgrade, Florida’s under Republican Governor Rick Scott is on the rise: While the United States credit rating with Standard & Poor’s may have been downgraded recently, Florida’s credit outlook has been revised from negative to stable. The improvement […]

 

Big Donor to Democrats Appointed to Obamacare Policy Panel

Posted on by Warner Todd Huston

We’ve seen it over and over with the Obama administration. All one need do to become a “czar” or get a plum appointment to yet another Obama regulatory board is to donate big money to Obama’s campaigns specifically or the Democrats in general. Now it’s happened again. The Washington Examiner’s Lachlan Markay reports that Judith […]

 

Obama Blames Job Loss on Technology, Internet and Efficiency

Posted on by Warner Todd Huston

During his Midwest Misery Tour, President Obama was back to blaming technology, the Internet, and ATMs again for America’s job loss. At a stop in Atkinson, Illinois Obama spoke about the need for education at an agricultural company named Wyffels Hybrids, Inc. He said that America is no longer a place where you can just […]