Proposed premiums for new policies for individuals will rise by 25 percent on average next year due to the ironically named “Affordable” Healthcare Act. In the latest preview of prices for health coverage under the Affordable Care Act, Maryland’s dominant insurer says proposed premiums for new policies for individuals will rise by 25 percent on […]
Retired Home Depot co-founder Bernie Marcus declared to Newsmax TV in an exclusive interview that “Obamacare is going to kill off small business.” “If [employees] are thrown out of their medical plans now, where they’re covered in a good plan and thrown under the bus, they’re going to be destroyed,” Marcus said on Thursday. “If, […]
On Wednesday, President Barack Obama released his long awaited and dreaded budget proposal. He claims that it will help lead to a deficit reduction of over $1 trillion over the next 10 years, which breaks down to only a reduction of $200 billion a year. He also claims that his proposal will help lead efforts […]
Cancer clinics nationwide are turning away thousands of Medicare patients due to the sequester budget cuts that Obama put in place in the summer of 2011. The Washington Post reported the reduced funding, “which took effect for Medicare on April 1, makes it impossible to administer expensive chemotherapy drugs while staying afloat financially.” If we […]
The Obama Administration Wants Banks to Stop Being So Uptight About their Mortgage Underwriting. How Crazy is That? Here we go again The Washington Post reports that the administration is pushing for banks to loosen their lending standards in order to make more home loans to buyers and minorities with poorer credit and lower incomes. […]
Stimulus funds fed minority businesses that served as middlemen. WB Construction & Sons Inc. is a 10-employee, minority-owned firm that received $7.5 million in five stimulus contracts from the federal government, but it did not do close to that much work. Every one of the stimulus contracts it received followed a pattern: Win a contract […]
The number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February. The Bureau of Labor Statistics (BLS) labels people […]
America is going through a period of redefining. What does it mean to be an American? Will the Constitution survive the onslaught of tyranny from Obama? America is besieged with a declining standard of living and the American Dream is on life-support. The following list will partially illustrate how far American has slid from its […]
Feeling poorer? Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department. It’s […]
Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. “If I started Subway today, Subway would not exist,” Deluca told CNBC’s “Squawk on the Street” Wednesday. Deluca said the environment for entrepreneurs in the U.S. has “continuously gotten worse because […]
