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.
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Barack Obama’s jobs speech, the chances of his proposal passing Congress and how the markets will react. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do | Read More »
Let’s forget the fact that Obama’s entire Stimulus 10.0 is a counterintuitive proposal that doubles down on the very failures that precipitated this speech. Let’s also disregard the fact that enshrining unemployment insurance as a permanent handout will perpetuate unemployment. And more union-induced, short-term money drops on infrastructure will do nothing but stimulate traffic jams. Let’s focus purely on the very numbers that the administration | Read More »
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 »
The White House has begun sending out talking points on Stimulus II to left wing groups. I’ve obtained a copy. I think we need Bill Murray to speak tonight, because I feel like I’m living in Ground Hog’s Day. The American Jobs Act is: based on bi-partisan ideas; it is fully paid for by closing corporate tax loopholes and asking the wealthiest Americans to pay | Read More »
How is President Obama going to say anything in his big jobs speech tomorrow night that will make a difference? Apparently he is not. Obama’s new jobs plan looks remarkably like his $830 billion 2009 economic stimulus package. According to Al Hunt the latest Obama job plan stimulus includes tax cuts, infrastructure spending, unemployment benefits extension and direct aid to state and local governments. At | Read More »
Both the House and the Senate return from the August recess today with much to do, including the Fiscal Year 2012 appropriations bills, consideration of patent reform and a bill to commemorate 9/11. The highlight of this week in Washington will be President Obama’s Thursday address (campaign speech?) to Congress. The Joint Select Committee on Deficit Reduction will meet for the first time on Thursday morning. Conservatives | Read More »
After Labor Day, Obama plans to unveil his highly unanticipated jobs plan. Much like his first jobs plan, this one will include massive stimulus handouts to special interests, prodigal infrastructure spending (as much as $556 billion), unprecedented extensions of unemployment benefits, and more welfare transfer payments. Concurrently, he will inveigh against “rich” job creators and offer a healthy dose of vapid rhetoric regarding regulatory reform. | Read More »
It certainly pays to go green. Well, at least until the greenbacks stop flowing – and bankruptcy kicks in. Last year, the Competitive Enterprise Institute’s Chris Horner estimated that the $30 billion green handout in the stimulus bill cost taxpayers roughly $475,000 per job created. According to the Wall Street Journal, that’s quadruple the cost of creating a job in a nonsubsidized private firm. It | Read More »
I would like to offer this analogy, for anybody out there dealing with an individual or individuals who seem convinced that the problem with the 2009 ‘stimulus’ was that it was not large enough: Imagine, if you will, you have a friend, and he’s a drunk. And he’s in trouble: he needs five hundred bucks to get out from under his bills, but he doesn’t | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by John Hawkins to discuss Obama’s love of his own voice, the evolution of the Conservative blogosphere and ask if the days of independent blogging have passed. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to | Read More »
Sorry if you’ve been missing Tech at Night this week. Monday I just ran out of time as I had to do a whole bunch of housekeeping*, and tonight I’m running late. So let’s go. In classic Tech at Night style, let’s talk about the FCC. They took forever to get the ball rolling on Net Neutrality, but it’s coming now and it’s a vehicle | Read More »
The American Recovery and Reinvestment Act (ARRA) appropriated $7.2 billion to subsidize broadband deployment, including $2.5 billion to the Rural Utilities Service (RUS). Prior investigations have shown that RUS’ broadband subsidy programs were not cost effective, and often funded duplicative coverage in areas already served by existing providers….The evidence indicates that RUS’ history of funding duplicative service has continued under BIP, and that the current | Read More »
What if what you knew was wrong? What if you had a set of political beliefs that you could translate into actionable policy? What if you acquired so much political power that you could actually put those policies into play – and then they failed? What if you believed that using public monies to mitigate the impact of economic recession would lead to higher employment | Read More »
Even for Barack Obama, this is simultaneously: shameless; and clueless. I’ve said to Republican leaders, ‘You go talk to your constituents and ask them, “Are you willing to compromise your kids’ safety so some corporate-jet owner can get a tax break?” ‘ ” Just in case any viewer missed his class-clashing message, Obama referred to corporate-jet owners at least three more times before he took | Read More »
![[RS]](/t/img/logo-footer.jpg){kind=logo}