President Obama visited the CIA yesterday and gave a pep talk to the employees demoralized by Obama’s decision to release formerly classified legal memoranda detailing the legal limits of interrogation techniques. Obama’s pep talk was too little too late. Obama was given a bipartisan warning not to release these documents. Four former heads of the CIA, two Appointed by President Clinton and two appointed by | Read More »
In Hartford, part of New England which has only Democrat representation in D.C., the tax day Taxed Enough Already (TEA) party protest drew a crowd of thousands: An anti-bailout, anti-stimulus “tea party” at the state Capitol in Hartford on Wednesday drew an estimated crowd of 3,000 to protest what they consider excessive government spending on the day that many Americans pay their federal and state | Read More »
The folks at Reason TV have put together a video that will make you stop and think about the fairness of our tax code. That’s right: Individual taxpayers spend $27.7 billion preparing taxes. The tax code has grown to more than 67,500 pages. The least wealthy 50% pay less than3% of federal income taxes. The wealthiest 1% pay 39.89% of all federal income tax. The | Read More »
Defense Secretary Robert Gates revealed the Obama Administration’s restructuring of the Pentagon’s top weapons priorities. There was a lot of information thrown out in the Gates press briefing, but the biggest talking points are likely to be the cuts: Stop the growth of Army Brigade Combat Teams (BCT) at 45 versus 48 Retire 250 of the oldest Air Force tactical fighter aircraft in FY10. End | Read More »
What a surprise. The Sunday emergency meeting of the U.N. Security Council, called to consider North Korea’s launch of a ballistic missile, concluded without any official reaction to North Korea’s provocation. The U.N. will dither on like it did with Saddam and North Korea’s development of nuclear weapons, and as the U.N. continues to do with Iran’s nuclear program. The U.S. says the “launch constituted | Read More »
Calvin Woodward fact checked Obama’s second presidential press conference and concluded Obama is trying to have it both ways on the economy — Obama asked for patience for the economy to turn around, but his budget is based on the bullish assumptions of solid growth next year after a mild, further decline this year:
The National Republican Senatorial Committee has launched a new web ad hitting President Obama for his say one thing do another hypocrisy: Its about time people begin to focus on how often Obama does the opposite of what he says: Protecting our tax dollars vs. A.I.G bonuses Earmark reform vs. Thousands of pork barrel spending projects Fiscal Responsibilityvs. $9.3 trillion deficit spending That’s Obama change | Read More »
There he goes again — saying one thing while doing the opposite. President Obama proposes a budget that includes a $1.75 trillion deficit so he can spend nearly $4 trillion in fiscal year 2010. Then Obama says that while the details may change, any budget passed by Congress must cut the deficit. Is he serious? Obama proposes a spend too much, tax too much, borrow | Read More »
You remember Association of Community Organizations for Reform Now, more commonly known “ACORN.” That is the “community organizers” infamous for fraudulent voter registration and helping to bring about the financial crisis. When Obama told community organizers they will shape his presidency, I had no idea that ACORN would get to “organize” the country’s 2010 census: The Association of Community Organizations for Reform Now signed on | Read More »
What outrageous crocodile tears. President Obama feigns choked up anger and Democrat Congress critters bloviate and threaten confiscatory taxes. It is all an act — an attempt to cover one’s posterior. The Associated Press reports the Obama administration and members of Congress have known for months that American International Group was getting ready to pay huge bonuses while surviving on taxpayer bailouts: It wasn’t until | Read More »
Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are – Senators Chris Dodd and Senator Barack Obama. The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial | Read More »
Mike Allen reports that as resistance builds against President Obama’s extreme left-wing agenda that spends too much, taxes too much, and borrows too much, Obama counters with propaganda bold enough to match his audacious attempt to move the nation far to the left: The White House on Sunday began harnessing every part of the Democratic Party’s machinery to defend President Obama’s budget and portray Republicans | Read More »
Now that President Obama has scared the Congress into authorizing the expenditure of more than a trillion dollars. A feat accomplished by constantly talking the economy down and endlessly referring to the worse economic downturn since the Great Depression. Today, Obama put on his rose colored glasses and declared most aspects of the US economy “fundamentally sound”: The last person I heard call the economy | Read More »
During the Senate’s consideration of the most recent Congressional spending orgy — the 1,132-page, $410 billion, nearly 9,000 earmark-infested Omnibus spending bill, Louisiana Republican Senator David Vitter forced the Senate to vote to keep their automatic annual pay raises: He tried to amend the measure with a proposal that few lawmakers would dare to oppose in a recession: canceling the automatic increases in lawmaker salaries, | Read More »
Stepping back from the War On Terror, charges of socialism, throwing transparency under the bus, more spending than you can comprehend, tax cheats galore, picking a fight with Rush Limbaugh and never-waste-a-crisis fear-mongering. All things considered, my halftime verdict is that, as yet another administration pick withdraws, it is still amateur hour as President Obama continues to lurch to the left and hopes he can | Read More »
Via Greg Mankiw, we learn of new research on Keynesian Government Spending Multipliers, which suggests the Obama administration used overly optimistic estimates to support President Obama’s ever-shifting goal — create or save 3.5 million jobs. The multiplier is the amount that a change in government spending or tax cuts will increase GDP. For instance, a multiplier of one means that a $1 increase in government | Read More »
In an interview, while flying with President Obama on board Air Force One, the New York Times hits one of Obama’s raw nerves. The “edited transcript” [the Times admits questions have been paraphrased, and some responses have been condensed], published by the Times shows that nearly a quarter of the 35-minute interview was taken up by a debate about whether Obama is a socialist. The | Read More »
The Democrats’ conspiracy to demonize Rush Limbaugh, directed from the Obama White House, has the talk radio icon laughing all the way to the bank. Friday’s U.S. News Political Bulletin reports Rush Limbaugh is a clear winner this week: His ratings have nearly doubled since his feud with the White House burst into the media limelight. Byron York asked Rush about the effect the Democrats’ | Read More »
President Obama will sign an executive order on Monday that will lift the Clinton-era prohibition on federal funding of stem cell research which causes the destruction of human embryos — fertilized eggs in the early stages of development. Obama even plans a ceremony to sign the order that will allow the use of taxpayer dollars to fund research that destroys human embryos: Administration officials would | Read More »
“Not because I believe in bigger government – I don’t.” — President Barack Obama — Address to Joint Session of Congress, February 24th, 2009 During his not-State of the Union Speech, President Obama denied that he believes in bigger government. Despite his denial, a new poll finds most people – 77% – think Obama believes in bigger government that provides more services. There is no | Read More »
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