A Party of Economic Principles
As they sort out the election in New York’s 20th Congressional District, should the Republican prevail, lets accept the victory for what it is- a razor thin win that should not be interpreted as a repudiation of Obama or his policies. Just as Obama’s 2008 election was not a “mandate” to transform government, this victory in New York, should it happen, will not shift the | Read More »
Obama: Avoid Fast Food & Finance
In his speech at Georgetown today (video here), President Obama relied on a superficially appealing but misleading analogy to defend his plan to tackle health care, energy and education reform while the nation is still mired in recession. Obama analogized critics’ arguments that the nation can’t afford to do everything at once to a parent’s decision about whether their children should attend college – i.e., | Read More »
Obama’s Alternate Reality
A wife confronted her husband in bed with another woman. As the other woman hastily donned her clothes and beat a hasty retreat, the husband looked deep into his wife’s eyes and said, “What woman?” As in, “Who are you going to believe, me or the evidence of your own eyes?” A parallel scenario is playing out in the media, with the White House | Read More »
A Recovering Economy Helps Republicans, Not Obama and the Democrats
Jobless claims dipped a bit over the week, housing sales rose, and the stock market had a pretty good month so far. It seems like the economy is starting to see a turn around, albeit a slow one; and some are still predicting an unemployment rate that will continue to rise from now until 2010. But a recovering economy will help the ones who less | Read More »
Has “Shovel-Ready” Gone Down the Memory Hole?
Earlier this morning, I was reading through a recent short analysis (*) of the state of the building materials industry while having my morning tea; the following paragraph jumped out: “Investors appeared to be disappointed that of the $787 billion spending bill passed by Congress, a meager $27 billion will go directly to fund construction projects. Too, much of those outlays will likely be pushed | Read More »
The Flight of the Phoenixes?
You’ve probably noticed that I’ve been banging-on for some time (as have others) about the increasingly-poor competitive position of the U.S. tax system when compared with other jurisdictions. Noting that this has been a prime driver for the “outsourcing” that the tax-lovers are always screeching about, I’ve been wondering if the gap will get so bad that we’ll start to see entire firms – and | Read More »
Toxic Asset Scam. Bailed out banks will be allowed to bid on toxic assets sold by other bailed out banks. It’s The Sting III.
www.thepoliticalclass.com Toxic Asset Scam. Bailed out banks will be allowed to bid on toxic assets sold by other bailed out banks. It’s The Sting III. No really – we can file this one under the category of even Hollywood can’t make this stuff up. In The Sting part III we find Barry Obama Gondorff, brother of Henry and Fargo, setting up the taxpayers for the | Read More »
Geithner may fire bank executives if their banks need more help while Obama is refusing repayments of TARP Funds? Something stinks in Denmark.
www.thepoliticalclass.com Geithner may fire bank executives if their banks need more help while Obama is refusing repayments of TARP Funds? Something stinks in Denmark. A new twist in the story of Obama, Geithner and the U.S. banking system appears before us as Obama tours Europe. Bloomberg reports that Geithner may start kicking out executives at banks that need “exceptional” aid. Full story from Bloomberg here. | Read More »
Obama wants to CONTROL the banks – politically
Obama Wants to Control the Banks There’s a reason he refuses to accept repayment of TARP money. I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but | Read More »
Mr. Williams, the White House is on the line.
The following conversation was NOT recorded. “Roy? Roy! I know you’re busy watching film on the Spartans, but the President would like to talk to you.” “Hello, Mr. President. It’s an honor to speak with you. How are things in Turkey?” “heheh. You prefer kobe steak. Yes sir, that’s a good one. I’m sorry to be short, Mr. President, but it’s a busy day for me. Did | Read More »
The road to 4 million (March jobs report)
Jobs gained / (lost) in February 2009 per the US Dept of Labor : (651,000) Jobs gained / (lost) in March 2009 per the US Dept of Labor : (663,000) Number of jobs promised by the Obama administration : 4,000,000 Number of jobs remaining to hit goal : 5,314,000 Perhaps, there are not enough of those “shovel-ready” jobs that the stimulus was supposed to produce. Notes: | Read More »
Cuts? What Budget Cuts? He Never Promised Cuts!
The following is a transcript from the 3rd Presidential Debate (10-15-08) between McCain and Obama on the topic of budgets. It is especially relevant now. SCHIEFFER: All right. Let’s go to another topic. It’s related. So if you have other things you want to say, you can get back to that. This question goes to you first, Senator Obama. We found out yesterday that this | Read More »
Exploring Obama’s College Plan
One of President Obama’s big plans is to Federally fund college in a way that will allow all Americans to attend, with the hope of obtaining a Bachelor’s Degree. Beyond the unsustainable economic situation that would create, and the problems it causes with regard to freedom in the country, it raises another question; one of intention. What is the purpose for such a proposal? First we should ask what the purpose of a Bachelor’s Degree is.
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Stop passing the taxpayer’s buck
It seems we can’t turn on the television without seeing the bankers and politicians responsible for this economic crisis passing the blame. Harry Truman used to say, “The buck stops here.” Today, politicians pass the buck. And the bucks. A lot of bucks. And they’re taking the bucks they pass from us. Despite their failures, the politicians in Washington, DC seem to think they have | Read More »
Tea Party map! Order TEA for Tax Day protest! Wear “Tea” stickers
www.thepoliticalclass.com Two items for everyone: 1. Everyone should order TEA for lunch on APRIL 15th. Make every restaurant run out and tell them why. I know some people can’t make one of the Tea Parties. BUT you can order tea for lunch. Or wear a tea bag as a lapel pin. Our congressional reps should print out some “tea” stickers that you can wear on | Read More »