After working hard to compile a list of Obama’s rather questionable record of fiscal promises and actual executions, the gist of which is represented best by the violent clash between myth and realty in Christina Romer’s “The Job Impact of the American Recovery and Reinvestment Plan” whose epic failure is defined by one simple chart, […]
Vallejo, California (And Virtually The Rest Of The State Of California are a complete mess). Almost the entire state of California is an economic disaster zone. Austerity measures are being implemented in city after city as tax revenues have nosedived. The following is an excerpt from a recent New York Times article that describes the […]
The first six months of the “recession” as drawn up above are historically mild, and there’s no reason why the real recession which followed had to be as severe as it was Obamanomics. … in the five months or so leading up to the 2008 presidential election, Pelosi, Obama and Reid deliberately frightened the economy’s […]
The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday. In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done […]
(Bruce Krasting) We have two distinct groups in D.C. that are stuck between a very big rock and a hard place. The first is the Federal Reserve. The second is the Democrats and Republicans and the battle being waged over the debt limit. I see a possible solution to these impasses. It’s so simple that […]
(Washington Times) The Obama administration has mindlessly flooded the country with hundreds and hundreds of billions of federal tax dollars. The government gurus claim the reason for opening the federal-money floodgates was to jump-start the sluggish economy, which was strangled to begin with by Fedzilla’s housing policies – or lack thereof. Just as you would […]
Former Utah Gov. Jon Huntsman, who is mulling a bid for the 2012 GOP presidential nomination, said President Obama has “failed on the economic front.” “On the economic side, there are no signs of success, very little,” Mr. Huntsman said in a taped interview broadcast Sunday on CNN’s “State of the Union.” The criticism of […]
The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows. The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record […]
(USA News) Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data. Overall, the rules aimed at making the air cleaner could cost the […]
Mark Steyn: “I’m not concerned about a double-dip recession,” Obama said last week. Nor would I be if I had government housing, a car and driver, and a social secretary for the missus. But I wonder if it’s such a smart idea to let one’s breezy insouciance out of the bag when you’re giving a […]
