Picture the all-too-familiar scenario: it’s nearing a fiscal decision deadline. Congress is deadlocked over action — in this case, it’s Sequestration (large budget cuts). It’s possible that there will there will be no decision on Sequestration by March 1, because deadlines mean nothing in Congress – as we just witnessed with the Fiscal Cliff debates running over the edge. Or are we being set up | Read More »
This Wednesday, February 27, marks some watershed moments of liberty in United States History: In 1922, the Supreme Court unanimously upheld the 19th amendment and a woman’s right to vote In 1951, the 22nd Amendment to the U.S. Constitution was ratified, limiting a U.S. President to two terms. In 1991, U.S. President George H.W. Bush announced live on television that “Kuwait is liberated”. On February | Read More »
Yesterday, I wrote about Obama’s 180 degree turn from proposing the sequestration cuts and vowing to veto to keep them, to blaming Congress during the Presidential debates, to currently blaming Republicans for sequestration. I backed up Obama’s shifting narrative to commentary from both the Washington Post and Politifact less 2- 3 weeks before Election Day, who affirmed that sequestration originated from Obama. These points were | Read More »
Is anyone else getting a little bit tired of the President of the United States continuing to blame Republicans for sequestration? Time for some flashback — On November 21, Obama gave a speech explaining the failed Super Committee. He discussed the automatic cuts to the defense budget (sequestration) and the need for a balanced approach (cuts and taxes for the wealthy) to deficit reduction. Standing | Read More »
During the State of the Union last week, Obama issued a call to raise the minimum wage once again. He cried forth, “Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour”. What he fails to comprehend or deliberately ignores is that the impact | Read More »
Here’s a rundown of the top Obama lines from the State of the Union, along with the appropriate responses: “After years of grueling recession, our businesses have created over six million new jobs” — Mainly for the government and IRS “Our economy is adding jobs – but too many people still can’t find full-time employment” — We are barely adding enough jobs to just keep | Read More »
As we prepare to hear the next State of the Union speech, we are hearing that Obama is going to push for more spending. The idea that government spending is necessary in order to keep an economy going is a Keynesian theory that hasn’t proven worthwhile in the last four years. At the same time, business growth has been sluggish to non-existence because of – | Read More »
Just before the Superbowl, Obama had a CBS interview. During that discussion, Obama claimed that “There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit,” he said. “I don’t think the issue right now is raising rates.” Sounds great. So, perhaps the Republicans need to revive the bipartisan Simpson-Bowles package as their Republican bargaining strategy | Read More »
Today we heard the unexpected news that the economy contracted for the first time in three years. CNBC reported that, “The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by | Read More »
This past week, The Hill reported that the cost of Obama’s regulations for his first term were $518 billion, with nearly half of that –$236 billion – coming in the year 2012 alone. Expensive and prohibitive government policies such as these are the driving force behind the mass exodus of businesses abroad. The staggering increase in regulations coupled with the the highest corporate tax rate | Read More »
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