Category: Economy

NY Times Blames The Deficit On……..

Posted on by William Teach

….if the first thought that came to mind was “enormous and reckless spending by Obama and the Democrats,” well, sorry, nope, uh uh, you have to go back to the B and T words With President Obama and Republican leaders calling for cutting the budget by trillions over the next 10 years, it is worth […]

 

“Dissecting The Demagoguery About ‘Tax Cuts For The Rich'”

Posted on by Craig Newmark

Thomas Sowell eviscerates one of the Left’s most cherished fables. “Trickle down” is not an economic theory. No such theory has been found in even the most voluminous and learned histories of economic theories, including J.A. Schumpeter’s monumental 1,260-page “History of Economic Analysis.” Yet this nonexistent theory has become the object of denunciations from the […]

 

This is fury

Posted on by Craig Newmark

Done really well. Mark Steyn, “Planless Dems:: The ruling party has no spending plan other than to plan to spend even more“. As I said, these are structural problems. In theory, they can be fixed. But, when you look at the nature of them, you’ve got to wonder whether they ever will be this side of […]

 

States Taking Pro-Jobs Rules Into Their Own Hands

Posted on by Warner Todd Huston

One of the first things that President Obama did when he walked into the White House was to authorize an Executive Order as a payback to his buddies in Big Labor by implementing project labor agreements (PLAs) for all federal construction projects. That this was his very first action upon taking office shows that he […]

 

Lefty Outrage Du Jour: Bachmann’s Staffers Manhandle Reporter

Posted on by Warner Todd Huston

ABC’s Brian Ross claimed that Michele Bachmann’s staff pushed him around on July 19 at a campaign appearance. I know, I know, you are waiting for the pity party to start. In a fit of wild hyperbole, Ross called his treatment by Bachmann similar to the treatment he’s received “mostly by Mafia people.” The left-o-sphere […]

 

Gang Of Six Raw Offer: As Bad As You Thought It Would Be

Posted on by William Teach

Shocked? When both National Review and The Politico hate it……… Starting with National Review But now, along comes the Gang of Six plan, and some Republicans are apparently intrigued by it. They shouldn’t be. It’s a terrible, terrible plan. It will hand the president a huge strategic victory and deliver nothing that the GOP should […]

 

One Solution to Stop Some of Obama’s Union Pandering Labor Board Rulings

Posted on by Warner Todd Huston

We’ve been talking for the better part of the year about how the Obama administration is using its powers to regulate labor and business relations to attack Boeing aircraft manufacturer for attempting to open a new manufacturing plant in North Carolina. Fortunately, there is one proposed law floating around in congress that would stop some […]

 

Video: ‘Cut, Cap, & Balance’ Will Help Stop the Spending Binge That’s Hurting Job Growth

Posted on by Warner Todd Huston

Speaker of the House John Boehner (R, OH) takes his case for the Republican plan to the people. But, whether you like him or agree with him or not, the fact is that the GOP is the only party offering a plan, here. Obama has no plan. He’s made all sorts of vague claims about […]

 

Union Writing the Book on Intimidation and Violence

Posted on by Warner Todd Huston

F. Vincent Vernuccio had a great piece in the Washington Times a few days ago revealing the the handbook written by the SEIU that teaches union thuggery to union operatives. The Service Employees International Union (SEIU) has a 70-some-page manual that came to light in a recent court case. SEIU is in federal court defending […]

 

Oh, Noes, GOP Has Not Backup Debt Plan As Issue Turns “Scary”

Posted on by William Teach

It’s so terrible There’s a narrative gaining traction in Washington as a debt crisis looms: House Republican hard-liners might soften their stance once they’ve gotten a vote on their Cut, Cap and Balance proposal. But if that’s the case, the conservatives aren’t in on the plan. Well, that’s pretty much it for a story by […]

 

Why Angela Merkel Wouldn’t Follow Obama Over the Edge

Posted on by Dave Blount

You can’t call what Obama et al. are doing to the economy an honest mistake, because we have been down this road before, as have other countries like Germany. Let’s see how Obama’s economic policies are faring at this point: Obamanomics has produced the weakest, most anemic recovery since the 1930s, when another generation’s big-government […]

 

GOP Shifts To The Hard Right On Debt Talks (?)

Posted on by William Teach

So says the Politico in a wonder article that could have been written by the DNC or the uber politicized White Democrat House Turning right with a vengeance, Republicans will bring to the House floor Tuesday a newly revised debt-ceiling bill that is remarkable for its total absence of compromise at this late date, two […]

 

NY Times: This Prolonged Recession Is The Fault Of You Consumers

Posted on by William Teach

Because, darnitall, you silly consumers just won’t spend yourselves into massive debt in the manner (NMP) Obama has THERE is no shortage of explanations for the economy’s maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big. The stimulus was flawed. China is overtaking us. […]

 

“Let’s Face It, High Speed Rail is Dead”

Posted on by Craig Newmark

From a writer at New Geography: “But beyond those philosophically opposed to HSR, some : high speed rail advocates have done themselves no favors either. They’ve resolutely backed pretty much any and every rail project regardless of whether it is potentially useful or an outright boondoggle. They’ve engaged in false advertising by labeling 110 MPH peak […]

 

Video Interview: Florida Rep. Allen West

Posted on by Warner Todd Huston

Rep. Allen West (R-FL) sat down with MRCTV on Wednesday, July 13, 2011 to talk about a wide range of issues from the debt crisis to the Obama administrations handling of fast and furious. West also stands by his statement that Attorney General Eric Holder should resign.

 

“Debt Endangers Growth”

Posted on by Craig Newmark

Two economists summarize their: important recent research. Our empirical research: on the history of financial crises and the relationship between growth and public liabilities supports the view that current debt trajectories are a risk to long-term growth and stability, with many advanced economies already reaching or exceeding the important marker of 90 percent of GDP. . . […]

 

Temporary Limit on Lightbulb Ban Passes House

Posted on by Warner Todd Huston

In a small step in the right direction, the House of Representatives passed a provision to defund the 2012 Energy and Water Appropriations Act, denying the government the funds to enforce the new lightbulb standards that would have levied a defacto ban on incandescent bulbs. Of course, the problem is that this is a temporary, […]

 

Obama’s Labor Board Now Threatening the Dead

Posted on by Warner Todd Huston

Imagine the gall of Gordon L. Wray Jr. to die without first getting Obama’s permission! I mean, it takes a real yutz to die before The One waves his royal hand in forbearance, ya know? So, to punish the dead, Obama sent his National Labor Relations Board goosetepping to threaten the man… the, the dead […]

 

Public Hearing: Protesting the NLRBs New Rules

Posted on by Warner Todd Huston

On Sept. 18th and 19th in Washington DC, the National Labor Relations Board (NLRB) is having open meetings for public comment on its proposal to slash the amount of time that it takes for prospective unionization of employees to occur. If you are at all interested in preventing this wild powergrab by Obama’s union-sold NLRB, […]

 

Rep. Walsh Tells Obama to ‘Quit Lying’ About Soc. Sec.

Posted on by Warner Todd Huston

Illinois Republican Representative Joe Walsh takes it hard to President Obama. Mr. Walsh says that Obama is lying and he wonders if the president even has any clue about how the country works. Walsh asks, “Have you no shame sir?” … It’s about time someone in Washington talks straight about this budget mess. Joe Walsh […]

 

Did You Ever Think We Would Envy China’s Economy?

Posted on by William Teach

Because their economy is going so great that they are now trying to put the brakes on their overheated economy Reporting from Beijing– While the Obama administration struggles to jump-start the stalled U.S. recovery, policymakers in Beijing have an opposite but equally formidable task: putting the brakes on China’s speeding economy without triggering a slump. […]

 

Nanny State Wins: Light Bulb Ban Repeal Fails in House

Posted on by Warner Todd Huston

If the House Republicans can’t even get rid of one of the most odious examples of nanny statism in the age of Obama, what exactly are they worth? On Tuesday, Rep. Joe Barton (R, Texas) failed in his effort to repeal the incandescent light bulb ban idiotically signed into law by Nanny G.W. Bush. Barton […]

 

EPA Kills Five Power Plants Along Road to Darkness

Posted on by Dave Blount

Barack Hussein Obama promised before the election that he would bankrupt the coal industry that provides us with 57% of our electricity. In an appalling testimony to the suicidal stupidity of 53% of the population, he was elected anyway. He’s using the malignant EPA to make good on his promise: Utility giant American Electric Power […]

 

Obama’s Threat to Cut Off Social Security Payments Is a Lie

Posted on by Dave Blount

It’s not easy for a Marxist saboteur to constantly hit new lows, but Obama manages — most recently by trying to terrify seniors with the suggestion that Social Security payments won’t go out unless Republicans agree to raise the debt ceiling effectively to infinity, ensuring total economic collapse not far down the road. Here‘s what […]

 

Democrats Faking Debt Ceiling Crisis in Order to Continue Irresponsible Spending

Posted on by Rachel Alexander

President Obama and the Democrats are issuing dire warnings that the U.S. may default on its debts if the debt ceiling is not increased. This is a false threat. If the debt ceiling is not increased by August 2, it is highly unlikely that even one member of Congress would vote to stop paying on […]

 

McConnell Forces Dems To Admit Administration Is Not Serious

Posted on by William Teach

A little tidbit found in through National Review from The Hill yesterday In the nearly two-hour-long White House meeting Monday afternoon during which leaders reviewed savings found last month by a group led by Vice President Joseph Biden, McConnell asked only one question, according to a Republican source familiar with the talks. “How much does […]

 

Presidential Credibility? Pre-2005 “Broke” Obamas Lived on Credit Lines

Posted on by Jane Jamison

Prior to his book sales, made possible by terrorist Bill Ayers writing the book for him, and prior to her 250% “magic beans” raise, the Obamas were deeply in debt.:  Why would ANYONE listen to Barack Obama’s advice on a budget?

 

Obama: Proof That Stimulus Worked Is All The Job Losses Now

Posted on by William Teach

CNS News catches something interesting from The Petulant President’s presser on Monday Three days after the U.S. Department of Labor reported that the national unemployment rate had ticked up from 9.1 percent in May to 9.2 percent in June, President Barack Obama said that the loss of jobs in the public sector is “evidence” that […]

 

Obama Regime Imposing the Same Race-Based Loans That Led to 2008 Collapse

Posted on by Dave Blount

It took a collapse of the housing market that brought the entire economy down with it, but at least we learned our lesson when it comes to forcing banks to make bad loans on the basis of race — or did we? The madness inflicted by the Community Reinvestment Act is now enforced by the […]