The Wall Street Journal is reporting that President Obama’s National Security Advisor Jim Jones is resigning. He is expected to be replaced by Tom Donilon, the deputy national-security adviser. It’s not uncommon for advisers or cabinet members to resign, but I can’t recall ever seeing this many high profile presidential advisers leave in such a [...]
Breaking: Judge Rules Against Obama Administration on Gulf Drilling Moratorium
June 22, 2010 By Leave a Comment
A federal judge in New Orleans has lifted the Obama Administration’s six month moratorium on offshore oil drilling. U.S. District Judge Martin Feldman said in his ruling that the Interior Department failed to provide adequate reasoning for the moratorium: A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack [...]
Rahm Emanuel On The Way Out?
June 21, 2010 By Leave a Comment
I’m a little skeptical about this report from the London Telegraph claiming President Obama’s powerful Chief or staff Rahm Emanuel is planning to resign later this year, but it’s making the round so here’s my two cents. Rahm Emanuel, the White House chief of staff, is expected to leave his job later this year after [...]
Third Quarter GDP Rises to 3.5%… But…
October 29, 2009 By Leave a Comment
From Reuters: The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance. Signaling the end of the worst recession in 70 years, the Commerce Department on Thursday said the economy expanded at an [...]
Nancy Pelosi: Value-Added Tax is “On the Table”
October 7, 2009 By Leave a Comment
I’ve mentioned before that the Democrats were laying the groundwork for a European style Value Added Tax or VAT… I wish I could tell you I was wrong but House Speaker Nancy Pelosi confirmed that a VAT tax is “on the table” during an appearance on the Charlie Rose show Monday night: A new value-added [...]
Train Wreck: GDP Decline Twice as Bad as Obama Admnistration Forecast
August 25, 2009 By Leave a Comment
Ouch, this isn’t good news for President Obama’s agenda… The White House has been using some pretty rosy economic forecasts to sell his agenda. However, those rosy forecasts have finally crashed head-on into economic reality. In short, GDP declined roughly twice as much as they predicted and their out year deficit forecasts will be roughly [...]
Pres. Obama Backs Offshore Drilling… Just Not in U.S. Waters
August 19, 2009 By Leave a Comment
I was going to comment on this Wall Street Journal editorial yesterday but I didn’t get to it… In short the Obama Administration has finally embraced offshore oil drill, unfortunately it’s not in the U.S.: You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to [...]
WSJ: Obama Advisers Set Groundwork to Raise Taxes on Middle Class
August 4, 2009 By Leave a Comment
You don’t have to be an economist to realize the Obama Administration’s budget numbers don’t add up and that he’s going to have raise taxes on more than just those earning more than $250,000.00 to pay for his agenda. With that in mind it’s not surprising that White House economist Larry Summers and Treasury Secretary [...]
Tax Revenues Continue to Plunge
August 3, 2009 By Leave a Comment
From the Associated Press: The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation’s plate and struggling to find money to pay the tab. The numbers could hardly be more stark: Tax receipts are on pace [...]
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