Soetero’s Socialistic Slavery
He rode the train, he used the Bible and in order to accrue political respect shamelessly aligned his life’s journey with Abraham Lincoln’s. However, in the first few weeks of governing he certainly didn’t adhere to Lincoln’s ideology when it came to dealing with the economy, “You cannot keep out of trouble by spending more than you earn” (Abraham Lincoln 1861-65). Lincoln freed the slaves. | Read More »
The Road to 4 million (April jobs report)
Jobs gained / (lost) in April 2009 per the US Dept of Labor : (539,000) Jobs gained / (lost) in March 2009 per the US Dept of Labor (revised): (699,000) Jobs gained / (lost) in February 2009 per the US Dept of Labor (revised) : (681,000) Number of jobs promised by the Obama administration : 4,000,000 Number of jobs remaining to hit goal : 5,919,000 Link to | Read More »
An Example of Obama’s ‘Stimulus’ That Isn’t
If we need no other example of why government can’t “stimulate” an economy, we have but to look at the use to which the city of Akron, Ohio wants to put some of its “stimulus” money. Akron, it seems, wants to spend some of that money for suicide prevention. Oh, not a general suicide prevention program that might at least employ people. No, Akron wants | Read More »
From Bad to Worse – Making America Even MORE Uncompetitive
One of the great mysteries of contemporary society is how so many people have been able to sail into middle-age (or even senior-status) without ever having had any contact or interaction with, well, basically realities of how the world works. Abstract dorm-room-bull-session debates among sophomore undergraduates are bad enough – but one would think that time and exposure to reality would impose a solid degree | Read More »
China has ‘canceled US credit card’ according to congressman Mark Kirk (R-Illinois) of the House Appropriations Committee. Break out the printing press.
www.thepoliticalclass.com China has ‘canceled US credit card’ according to congressman Mark Kirk (R-Illinois) of the House Appropriations Committee. Break out the printing press. The AP reports on China’s drop in purchases of U.S. Treasury Notes. Full story here. WASHINGTON (AFP) — China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday. | Read More »
I Love France
Really, I do. It’s a wonderful country, with a great many historic attractions, and the people are much nicer than myth would suggest. I just don’t want to conduct domestic and economic policy in the United States in the same way that the French conduct domestic and economic policy in France. Neither does Veronique de Rugy:
My Obama 100 Days Scorecard
There has been a lot of talk about President Obama’s first 100 days in office. Both online and off, there’s also been much analysis about the so-called Obama “FAIL” movement. I don’t hope for President Obama’s failure. I’d like for him to succeed in making our country safer, stronger and much more prosperous. I hope and pray that he does so both for America’s success | Read More »
Win the war, not the battle of the day …
Between Congressional projections, the Specter switch, and threats of “creative” use of process to avoid procedural hurdles, there have been bleats of doom and gloom and caterwauling that we don’t have enough Congressmen with “R” by their name to block Obama’s agenda. This is true, but ultimately this is a small tactical issue, and in focusing on it we ignore the big picture, and the | Read More »
GDP fall nearly matches record. Oh, what could have been.
GDP falls much harder than expected: NEW YORK (CNNMoney.com) — The U.S. economy shrank at an annual pace of 6.1% in the first quarter — almost as much as it did in the fourth quarter of 2008, according to a government report Wednesday. The drop was much worse than expected. According to economists surveyed by Briefing.com, expectations were for a drop of 4.7% in gross | Read More »
Obama’s Next Big Step Towards Socialism
Maybe I’m just not as current and up to the minute as I should be, but I had not heard of this (no, not just the fact that he is a socialist) until my wife sent this article from The Hill from a couple days ago. It is the duty of every U.S. citizen to READ THIS. If you don’t feel like reading the whole | Read More »
Why are we surprised?
I have to start by giving credit to President Obama. He is doing exactly what he said he was going to do during his campaign. Many people can’t believe the massive debt this administration is running up by unprecedented government spending and I have to admit that I found myself in disbelief at first but we all new this was going to happen. It was | Read More »
I Know I’m No Economist
But, would someone please explain to me how the banks could be any worse off from releasing the stress tests? The disarray highlights what threatens to be a lose-lose situation for Treasury Secretary Timothy Geithner: If all the banks pass, the tests’ credibility will be questioned, and if some banks get failing grades and are forced to accept more government capital and oversight, they may | Read More »
California State Senate approves bill banning language discrimination. Business owners better start learning Spanish, Chinese, Vietnamese, Arabic and every other language.
www.thepoliticalclass.com California State Senate approves bill banning language discrimination. Business owners better start learning Spanish, Chinese, Vietnamese, Arabic and every other language. The L.A. Times reports here. This is an interesting topic that many people can argue either way. BUT – since it mentions employment as well as well then it opens the door for a jury, and not the business owner, to decide if speaking | Read More »
Lefty’s Worst Nightmare: The Beaglescout Economic Plan to Permanently Restore American Greatness
In response to a goofy comment imagining apocalypse from free market solutions to last fall’s economic SNAFU, I imagined what I would have done if I were Emperor of Ice Cream for a day last September. Introducing the Beaglescout Economic Plan to Permanently Restore American Greatness™ (until the socialists ruin it again with their caveman economics). THE PLAN No bailouts, no stimulus, no TARP. The | Read More »
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 »