King Louis XI was a hated man. His passing was not mourned by his subjects and his feudal vassals undoubtedly emitted a great sigh of relief upon his expiration. Louis XI schemed, tricked, back-knifed, bribed and practiced all the numerous black arts of political skullduggery. He had no great moral difficulty with killing his brothers or his dad. He did all this in service of | Read More »
It’s hard to believe a year has passed since the White House kicked off its “Recovery Summer” campaign. And it seems like only yesterday that Treasury Secretary Tim Geithner bid us all a warm “Welcome to the Recovery.” But today is not a happy anniversary. As this now-infamous stimulus chart confirms, Recovery Summer never warmed up. The stimulus didn’t work, and the federal government’s alphabet | Read More »
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 »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Pejman Yousefzadeh and Elizabeth Blackney to discuss Jon Huntsman’s past support of Cap and Trade, the stimulus plan, and an Obamacare like individual mandate for healthcare. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you | Read More »
So yeah, Tech at Night. I should start it at some point shouldn’t I? Hours of Spelunky are fun on a Friday evening, combining the action of a classic NES game with the exploration, power growth, and vindictive shopkeepers of Nethack, but I have things to cover tonight, so let’s go. We’ll start with my own post, going over how Eric Schmidt really stepped in | Read More »
Barack Obama wants everyone talking about the jobs he has saved or created, but it is time to put some attention on those jobs killed or wounded by Barack Obama. A case in point would be the oil industry. According to a report by CNS News, Barack Obama has killed or wounded 19,000 jobs due to his ban on drilling for oil. Of the 19,000 | Read More »
I’m back. CPAC week came and went. Then another week came and went after the horrible cold I got at CPAC. But now I’m healthy again and it’s time to start catching up. Though there’s no way I’m going to post on every tidbit I’ve run across in the last two weeks, I can try to hit the highlights. And let’s start with the fact | Read More »
I’m no economist, nor do I play one on TV. However, the argument about Keynesian vs. supply-side economic stimulus has fascinated me since the Good Ship Obama sailed in January. To free-marketeers and small-government adherents like myself, it seems intuitively obvious that reducing the taxes be handed over the government, allowing Americans to keep more of their own money, and reducing the amount that DC | Read More »
Senator Tom Coburn (R-O K) put out a report this morning titled “Federal Programs to Die for: American Tax Dollars Send Six Feet Under” showing rampant waste, fraud and abuse in government programs. This report has put together programs totalling $1 billion in federal monies given to the dead. For those to say that cutting waste, fraud and abuse is an empty slogan, this report shows that stopping checks to the dead is a | Read More »
Remember when Glenn Beck interviewed John Stossel of FOX about his free golf cart? I am hearing from friends that they know people who have bought a golf cart for free – you paid for it. That is the President’s idea of Stimulus. This would be funny but for the fact that you and I are paying for golf carts for others in the | Read More »
Need to jump-start your economy? No need to spend hundreds of billions of dollars on Keynesian stimulus programs. No need to add a dime to your deficit. Nope, economic stimulation can be achieved with just two words – Conservative Congress. As it turns out, simply voting conservative this November may provide a spark to the markets that could lead to some huge economic gains. The New | Read More »
With today’s news it’s even clearer: the Obama-Pelosi-Ellsworth economic experiment has failed. Our economy has shed another 95,000 jobs keeping the unemployment rate at 9.6 percent and sending the broader underemployment rate – including those with part-time jobs seeking full-time employment and others who have given up altogether – up to 17.1 percent. What’s even more troubling is our nation’s “jobless rate has now topped | Read More »
This is nuts. The Social Security Administration sent about 89,000 stimulus payments of $250 each to dead and incarcerated people — but almost half of them were returned, a new inspector-general’s report has found. The kicker is that the stimulus legislation did not include a provision for the Social Security Administration to automatically pull back the money so, in some cases, the money is sitting | Read More »
No votes in the House or Senate today. Stephen Colbert will be testifying at a House Judiciary subcommittee on the issue of immigration – this is not a joke. Sources tell Red State that the debate on whether to extend all or part of the ’01/’03 tax cuts has been punted into the Lame Duck session by nervous Democrats. They can’t keep all Dems in line on | Read More »
Our national strength does not come from bailouts and government spending. It comes from a free enterprise system and the hard-working honest citizens who make it run. — Pat Toomey In this week’s Weekly Republican address, Republican Senate candidate and former Representative Pat Toomey talks about the wasteful and extravagant spending of the Democrats’ extreme agenda. Toomey succinctly lays out the problem Obama and the | Read More »
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