During a recent Fox News Channel debate about the Obama administration’s tax policies, Democrat Bob Beckel raised the issue of “fairness.” He pointed out that a child born to a poor woman in the Bronx enters the world with far worse prospects than a child born to an affluent couple in Connecticut. No one can [...]
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Unemployment in the U.S. rose to nine percent in mid-February, up from 8.3 percent a month earlier, according to a new Gallup survey. The polling company said this suggests that it is “premature” to assume the economy will not feature prominently in the 2012 election season. Gallup figures typically provide an indication of what the [...]
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Rick Santorum gave a speech in Detroit on February 16th, 2012 on the topic of economics from a conservative point of view. As usual, the liberal media pulled an out-of-context paragraph and then gave it their own Leftist interpretation: “I’m not about equality of result when it comes to income inequality. There is income inequality [...]
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Indiana Gov. Mitch Daniels attacked President Obama on Sunday, characterizing his first term as a “failed presidency” and saying the president was “AWOL” on debt reduction. The election will be “a choice between [Obama] and a future of certain decline and indebtedness, and the Republican Party,” Daniels said on CNN’s State of the Union. Daniels, [...]
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The Barack Obama budget document just released is not a budget. It is a work of literature. It is Barack Obama’s published apologia for a second presidential term, in which—as the budget and its tax proposals make clear—he will reset the historic balance in America between the public sector and the private sector. This reset [...]
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President Obama said in his State of the Union speech, “We’ve already agreed to more than $2 trillion in cuts and savings.” That was reassuring. The new budget he released this week promises $4 trillion in “deficit reduction” — about half in tax increases and half in spending cuts. But like most politicians, Obama misleads. [...]
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U.S. Secretary of State Hillary Clinton and former White House economic adviser Lawrence Summers are two leading candidates to succeed World Bank President Robert Zoellick when he leaves in June, said two people familiar with Obama administration discussions. The U.S. promised a candidate “in the coming weeks” for the post that has always been held [...]
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In an interview with Atlanta’s local Fox affiliate WAGA-TV President Obama explains why he was unable to cut the deficit in half in his first term, a promise he made as a candidate. Obama was lobbed the question by a sympathetic reporter who said he is getting “pelted in the media” for making a campaign [...]
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The US Government continues actions that will result in its own demise. That might seem fitting, except that its failure will seriously harm the citizenry. Government decisions and actions have assured an economic collapse that will result in another depression. Federal debts and promises are too large to be honored, a conclusion based not on economics but [...]
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President Obama’s fourth budget has now been released, which allows for a relatively full accounting of deficit spending during his four years in office. The picture isn’t pretty, but it is revealing. According to the White House’s own figures (see table S-1 here for 2011 to 2013, and table S-1 here for 2010), the actual [...]
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Republicans in and out of Washington savaged President Obama’s proposed budget for the 2013 fiscal year as a broken promise on deficit reduction made worse by a series of gimmicks that overstate what budget savings there are. The theatrics of budget day are time-honored. The party that does not hold the White House decries “magic [...]
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China’s imports are slowing. This indicates that economic growth is slowing rapidly. Imports are at their lowest in two years. Bank lending is also slowing. Because banking is run by the government, this could reverse if the national politicians decide to inflate. It has begun to do this, but not aggressively. “I think that liquidity [...]
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The American public’s dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation. The conservative think tank’s annual Index of Dependence on Government tracks money spent on housing, health, welfare, education [...]
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Federal Reserve Chairman Ben Bernanke told the Senate Budget Committee that the country still had “a long way to go” before the jobs market fully recovers. Bernanke, in prepared remarks delivered at a Senate Budget Committee hearing Tuesday, said that the results of massive long-term unemployment and a sluggish recovery were a jobs market that [...]
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It took the North Korean government 50 hours after the death of Kim Jong-Il to decide what lie they will present to the public concerning the death of the Dear Leader. It took the Republican leadership in Nevada almost as long to decide what lie they will present to the public concerning the caucus results [...]
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