economy

Geithner: Unemployment Going Up is Good News, and Allowing Folks to Keep their Own Money is Deeply Irresponsible

August 3, 2010
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Secretary Secretary Timothy Geithner, who isn’t even capable of properly paying his own taxes, said that unemployment will go up, but only because the economy is improving. I guess we’re supposed to think that’s good news. He also said that extending Bush’s tax cuts would be “deeply irresponsible” as if the money people earn...

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Three Americas – How Long Can it Last?

August 3, 2010
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Do you remember hearing the disgraced John Edwards talking about the “two Americas?” Class warfare at it’s finest. According to Edwards and his ilk there are only two Americas – the haves and the have-nots. The progressives and their friends in the media like to propagate this myth. The myth being that in America...

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Robert Reich Believes Obama is Failing Because He Isn’t Spreading the Wealth Around Enough

August 3, 2010
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My goodness, these progressives can never be pleased. They have the most “spread the wealth around” president of all time. It’s not his fault that the old socialist model doesn’t work and never has. Sheesh! They could have Fidel Castro as POTUS and they still wouldn’t be happy. Oh, if only we didn’t have...

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Art Laffer: We Cannot Tax Ourselves into Prosperity

August 2, 2010
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Arthur Laffer’s op-ed in the Wall Street Journal is a must-read. He makes the case, using historical data, that we simply cannot tax ourselves into prosperity. To hear the liberal politicians and pundits talk, allowing the wealthy in America to keep more of the money they earn is tantamount to willfully starving babies. Nothing...

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Rasmussen: Blaming Bush is Becoming So Yesterday

August 2, 2010
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Just in time for the upcoming mid-term elections, Rasmussen Reports finds that more voters now blame Obama for the bad economy instead of Bush. Sure, there are still quite a few blaming Bush, but Obama is now starting to own this lousy economy in the minds of voters. A new Rasmussen Reports national telephone...

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Thanks to Financial Reform Bill SEC Now Shielded from Freedom of Information Act Requests

August 1, 2010
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This is what happens when multi-thousand page bills pass without anyone reading them. Washington Examiner: “No one will know until this is actually in place how it works,” said Sen. Chris Dodd, D-Conn., of the Senate’s slapdash financial reform bill. He ought to know: He co-sponsored the bill along with Rep. Barney Frank, D-Mass....

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Other People’s Money

August 1, 2010
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Memeorandum links to all sort of stories today about stimulus and extending the Bush tax cuts. Writing in the New York Times, William Gale takes on the “myths of the Bush tax cuts.” As William Jacobson pointed out, the screed is nothing more than another example of class warfare. Allowing people to keep more...

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Ruling Class to America: Shared Sacrifice for Thee but not for Me! – Updated

July 31, 2010
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It’s impossible not to see the lavish lifestyle the First Family is living. President Obama plays more golf than anyone with a full time job I’ve ever known. He and his wife jet around the world for date nights and elite vacations and the guest list at the White House is a who’s who...

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Obama May Want to Think Again About Touting the Auto Bailout

July 31, 2010
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I didn’t get to see too much television while I was on vacation. And most of what I saw was programming for children. But I did catch President Obama touting his, and President Bush’s, takeover of a big chunk of the US auto industry. To say I was disgusted puts it mildly. (To all...

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Obamanomics: Job Growth Slows

July 30, 2010
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Every time I caught a glimpse of the television over the past day or two I heard President Obama touting the economy and how many jobs he’s saved by putting our kids in debt. That kind of talk doesn’t really jibe with reality. New York Times: The nation’s economy has been growing for a...

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Obama and Dems’ Energy Plan Punishes US Oil Companies, Strengthens Overseas Competitors

July 29, 2010
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Not only does the president want to stop all domestic, off-shore production of oil; there’s also a plan in the works to strengthen foreign competitors like those from China and Venezuela. If President Obama and the Democrats have their way, possibly hundreds of thousands of additional US workers will lose their jobs, while increasing...

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Sign of the Times: Doomsday Shelters

July 29, 2010
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Hope and change, baby, ain’t it great? The only sector of the economy that’s booming is the doomsday sector. USA Today: Jason Hodge, father of four children from Barstow, Calif., says he’s “not paranoid” but he is concerned, and that’s why he bought space in what might be labeled a doomsday shelter. Hodge bought...

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Note to Generation Y: You Get What You Vote For

July 28, 2010
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When I first saw the headline “Gen Y: No jobs, lots of loans, grim future” at first I was quite sympathetic. But then I thought “Hey, you get what you vote for.” They are perhaps the best-educated generation ever, but they can’t find jobs. Many face staggering college loans and have moved back in...

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Rut Roh! Obama’s Base Isn’t Blaming Bush Anymore

July 28, 2010
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Recovery Summer is turning into a big bummer for Obama and the Democrats. The Washington Times: The summer of the discontented voter steams onward and, unfortunately for President Obama, polls show voters are no longer blaming the bad times on the George W. Bush administration. Add Hispanics to the growing list of Obama supporters...

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