In hard hitting piece post yesterday on CNBC.com veteran economist Larry Kudow takes President Barack Obama to task over his economic policies: Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and […]
Archives for February 2009
Things have been a little hectic over the last few days so I didn’t have time to get to a couple of articles I had bookmarked. One of the things that seems to be getting lost in all the hysteria about the Mortgage crisis is that bluk of the problem are concentrated in 4 or […]
Today is National Tea Party Day… Taxpayers all over the country are taking to the streets to protest out of control government spending and fiscal irresponsibility. Michelle Malkin has the details on protest times and locations. Let’s hope our elected leaders get the message.
From the Wall Street Journal: President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end “tax breaks for the wealthiest 2% of Americans,” and he […]
From CNSNews.com: Mindless Republicans are heeding the iron discipline of conservative talk radio hosts Sean Hannity and Rush Limbaugh, House Financial Services Chairman Barney Frank (D-Mass.) told reporters after President Barack Obama’s address to the nation on Tuesday. “I don’t think we found any Republican minds today,” Frank told a reporter minutes after the president had […]
White House Spokesman Robert Gibbs would like us to believe that Rick Santelli is an isolated crank who doesn’t know what he’s talking about… As Joel Stein points out he’s not: A lot of optimistic people bought houses near the historic height of the market, say November 2005, for absurdly high prices, say $1.12 million, […]
From The Hill (emphasis mine): Minority Leader John Boehner (R-Ohio) declared a return to “the era of big government” the day after President Obama’s first formal address to Congress. “From everything I’ve seen, it looks like the era of big government spending is back,” he told reporters at a lunch convened by the Christian Science […]
CNBC’s Rick Santelli seems to have struck a nerve with his impassioned rant against Pres. Obama’s home mortgage bailout plan. To be honest I’m not at all surprised, there seems to be disconnect between those inside the beltway and those outside. I tend to think most Americans instinctively don’t like the idea of the government […]
The world’s hottest economist, Michelle Muccio, has created a bit of a stir with her simple commonsense stimulus plan, a one-year payroll tax holiday. Here she is discussing the plan with Bill Schieffer of CBS News. Watch CBS Videos Online I like it, a payroll tax holiday would put more money in people’s pockets immediately… […]
Sen. Jim DeMint (R-SC) plans on forcing a vote on a bill that wuold block the Federal Communications Commission from reinstating the Fairness Doctrine next week. The bill which is co-sponspored by Sen. John Thune (R-SD), and 27 others and will be offered as an amendment to the D.C. Voting Rights bill. From Newsmax.com: Sen. […]
Back to the twilight zone… New York Gov. David Patterson has proposed a few interesting new taxes, including those on non-diet soda, digitally delivered entertainment services and haircuts, but the one that is sure to raise a few eyebrows is the $10.00 fee for filing your state income taxes on a paper return. ALBANY — […]
Drudge has been hyping this all afternoon… It’s hardly a revolt, but with the Dow industrials closing at a six year low of 7465.95 I think it’s safe to say the markets aren’t crazy about governments economic rescue plans.
The more we learn about the provisions of the recently passed stimulus law the more their is to be concerned about. Byron York writing in today’s Washington Examiner sniffs out a RAT buried in the stimulus law: You’ve heard a lot about the astonishing spending in the $787 billion economic stimulus bill, signed into law […]
General Motors and Chrysler have submitted their recovery plans submitted to the U.S. Treasury and are asking for another $21.6 billion in government aid. Not just no, but hell no… No amount of government aid is going to bring them back to profitability so long as the government forces them to build car consumers don’t […]
CNSNews.com has two must read pieces on the stimulus laws healthcare provisions… The first deals with the plans National Medical Records System provisions: Stimulus Law Does Not Require All Americans to Enter Their Medical Records into National System, Dems Say By Josiah Ryan, Staff Writer, CNSNews.com, Tuesday, February 17, 2009 Two top House Democrats told […]