Perversely, this is good news because it shows how Liberalism/Keyensianism failed miserably. Top down command control from far away elites, with targeted measures to control and plan the economy, just does not work. And the people know it (see here). The strong market over the last couple of days has reacted to movement on the policy front toward growth initiatives, however so slight, by Congress and the White House. No matter how well
"Hard at work" - that's what we are afraid of! Obama keeps exhibting a stunning lack of understanding and leadership. The big question is whether he understands that the market, business leaders and 70% of the American people react negatively to what he has done and therefore what he proposes. I told my children yesterday - "we have nothing to fear . . . except Obama coming back from vacation"
Households with the median income of $63,366 face tax burden increase by $1,540 if the Bush-era tax cuts expire
Ask your Democratic Congressman what she did last term and she will tell you that she helped to pass healthcare insurance reform, saved teachers' jobs in Democratic states and "stimulated" the economy and "saved" jobs in the process. Don't look at the man behind the curtain, but look at what she didn't do while she was saving all those jobs - raising taxes on the middle-class. A new Tax Foundation report shows that the Congressman also raised
BERK: Stock market was up 7% in July reversing the May-June correcion. Part of the gloom was the reality that the Democrats would govern from the left by expanding regulatory powers in helathcare, energy and financials. The steady march upward of the futures intrade odds is increasiong the odds that the bull market will resume.
BERK: I listened to the President at the Republican retreat in Baltimore last week and this morning about the Budget for fiscal year 2011. All I have to say is: What the heck is he talking about? He keeps yelling at Republicans for "bad mouthing" his plans and voting "no" as a block. All I could think of was his "I won" comment to Congressional Republicans when they tried to offer constructive criticism of his stimulus bill - you
Dec 8 MyBusiness.com Today President Obama outlined a series of initiatives designed to spur job growth—particularly by small business owners. "Where was this proposal more than a year ago when the economy nose-dived?" you're probably thinking. And you're right, but so is the saying better late than never. As outlined in this New York Times article, the proposals include a tax credit and a temporary elimination of capital gains for small businesses that create new jobs. Obama
