Obama’s ‘pass this [stimulus] bill’ speech
Unfortunately, except for the price tag, President Obama’s big jobs stimulus speech was nothing new and all too familiar and repetitive. It really was that repetitive. Obama used some version of “pass this bill” — 17 times in his stimulus speech.
Reid schedules votes before and after Obama speech to force GOP attendance
President Obama will address a Joint Session of Congress tonight to present his new jobs reelection stimulus plan, which is all too similar to the Obmacrats 2009 failed stimulus plan. A number of members of Congress let it be known that they did not intend to show up for Obama’s presentation. Concerned that empty seats would ruin the optics for the Obama reelection campaign videos, | Read More »
CBO’s Latest Budget and Economic Outlook is Unrealistic
The latest CBO budget and economic outlook is using baseline assumptions that are as realistic as flying unicorns. Although they project a decade of mediocre growth and moderate deficits, even such a dismal projection is a pretentious view of reality. On the budget side, CBO’s baseline outlook portends a $1.284 trillion deficit this year, and $3.487 worth of deficits over the ten-year budget frame, from | Read More »
Tech at Night: A deregulated Internet creates jobs, Microsoft answers Google attacks, Lee and Cornyn speak up
The free market of Internet access, driven by constantly improving technology and heightening competition, is a driver of job creation and economic growth. Even Julius Genachowski, Obama’s FCC Chairman, has to admit that. This is just one reason we fight FCC power grabs. So when the government starts talking about new regulations in emerging fields such as “cloud computing”, just say no. And when Steve | Read More »
, Barack Obama
, Brad Smith
, Facial Recognition
, John Cornyn
, Julius Genachowski
, Mike Lee
, steve chabot
Roundup of the Unemployment Numbers
For those who are interested in the wonky numbers of the unemployment report, here is a brief presentation of some of the more ominous figures. The latest unemployment report shows that we are living through the quintessential Keynesian economic recovery. We are not shedding more jobs at a terribly fast pace, but, instead of adding jobs by a pace of 500-800,000, we are stagnating at | Read More »
The Democrats’ new laser-like focus on jobs… HEY!
Hey, guess what? The Democrats plan to focus on jobs! (Via Ace of Spades) Stop me if you’ve heard this one before… what, you have? A lot? Are you sure?
Why there is no left-populist movement.
Peter Beinart doesn’t understand why the Tea Party gets to be the populist movement transforming American politics, instead of whatever latest cargo cult on the Left is these days. In the spirit of bipartisanship – with ‘bipartisanship’ being defined as ‘kicking progressives in the teeth for the amusement of the crowd’ – I shall deign to explain things for him, hardline progressives, and everyone else | Read More »
E.J. Dionne finds an acorn on debt ceiling.
Ignore the rest of his article on the ongoing debt ceiling controversy – Dionne is the kind of person who is comfortable trying to portray House Majority Leader Eric Cantor as being some kind of Machiavellian mastermind running a shadowy conspiracy to control the Republican party behind the scenes, if you know what I mean* – but as Mickey Kaus notes, Dionne’s got a good | Read More »
Political Wire’s “Correction of the Day”
Via Political Wire: “Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)” – President Obama, in an official transcript of a fundraising speech this week. The transcript was later corrected by replacing “Laughter” with “Applause”. Dude. I am “applauding” so hard right now that I snorted a little.
How The GOP Sabotages Obama’s Brilliant Economy.
And now Obama says he’s not worried about a double-dip recession. Easy for him to say: For Americans not feeding at the government trough, the first recession never ended. We are witnessing the total failure of academic Keynesian economics, with its heavy emphasis on high taxes and exorbitant government spending. -Michael A. Walsh (NY Post) So Harry Blodget of Business Insider asks what the Democratic | Read More »
The Infamous, Updated, Romer-Bernstein Chart.
Via James Pethokoukis comes an updated version of the graph (originally created by Obama’s economic advisers Christina Romer and Jared Bernstein) that has been succinctly countering (for years) any and all attempts to argue that the misnamed ‘stimulus’ worked: For those without access to the picture: it’s a modified version of this graph, which was used to sell the idea that with a stimulus, unemployment | Read More »
What You Won’t Be Hearing
“As you continue to watch the news coverage of the deteriorating economic climate, just remember that most of the premises that will be made and enunciated are that the government must do more, not less.” In all of the discussions about our current economic state, a possible regression or double dip recession, out-of-control debts, and continued high unemployment there is one conversation those who frame | Read More »
Notes From “The Food Stamp Recovery”
In case you missed it, Jay Cost had a great piece on Friday on “the Food Stamp recovery”, laying out the ways in which the currently-underway “recovery” is the weakest in memory. His bracing conclusion? [I]f the economic recovery does not begin to show substantial improvement, the likes of which we have not really seen in the last two years, and if the GOP nominates | Read More »
Obama’s Business Blackmail
Business leaders better kowtow to the Obama administration or else his bureaucrats will cut off the company’s ability to do business with the government. Since the government controls so many industries now, through regulations, threats and other means, these actions can destroy private companies. The Wall Street Journal’s Alicia Mundy reports that business leaders are anxious over this development: A government attempt to oust a | Read More »
The Last Two Years Have Been Like A Fairy Tale
Cross-Posted: TobyToons.com (Conservative Political Cartoons)