spending

    Intel CEO Otellini: The Democrats Are Destroying our Economy

    By: Brian Faughnan (Diary)  |  August 24th at 06:31 PM  | 

    This is a stunning indictment from the leader of one of America’s most successful technology companies: Unless government policies are altered, he predicted, “the next big thing will not be invented here. Jobs will not be created here.” The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be “an inevitable erosion and shift of wealth, much like | Read More »

    Forbes: Obama Oversells His Mortgage ‘Rescue’

    By: Brian Faughnan (Diary)  |  March 11th at 09:52 AM  | 

    According to Forbes Magazine, the Obama administration is overestimating the number of homeowners who will be helped by their mortgage plan. Instead of helping 9 million homeowners as Obama claims, the greatest number that could be helped is closer to 5 million: President Barack Obama plans to spend $275.0 billion to rework or modify up to 9.0 million troubled American mortgages, but his program isn’t | Read More »

    Obama’s Clintonian Promises

    By: Brian Faughnan (Diary)  |  January 6th at 06:00 PM  | 

    Headline: “Obama Vows No Earmarks on Stimulus” Fine Print: “We are going to ban all earmarks — the process by which individual members insert pet projects without review…” It’s much easier to ban earmarks if you change the definition. According to the Office of Management and Budget, an earmark is spending where “the congressional direction… circumvents the merit-based or competitive allocation process, or specifies the | Read More »