The reason we are in this mess "ObamaCare", "Cap and Trade", "Stimulus" and "Tax the Rich" are the current Democratic government's grand schemes to solve one perceived problem - rising income inequality. The story goes that the Republicans gave tax breaks to the rich, left out the middle class and voila! - a widening income gap. How scary, terrible, unfair - - - and demonstrably false. I have argued since the beginning of the Obama Administration that the goal of American
Intending to talk about colleges and worker training, President Obama on Monday suddenly found himself in a spirited election-year debate with a business advisory group about whose tax cuts should be extended and for how long…. ‘If we were going to spend $700 billion, it seems it would be wiser having that $700 billion going to folks who would spend that money right away,’ he said. (Washington Post) Cutting taxes is not a form
Stephen Moore of the Wall Street Journal editorial board highlights below the inconvenient truth about the Democrats' rule in Congress over the last four years. They have destroyed our nation's finances. It wasn't George W. Bush. It wasn't the Republicans. As Moore describes below, after 9/11, after two wars, after unexpected spending for national security, the Congressional Budget Office predicted a budget surplus for the ten years starting in 2007, the first year of the Pelosi/Reid government.
Folks wake up! This is not some academic exercise. As Joe Biden put it, Don’t compare us to the Almighty, compare us to the alternative.
Yes, the rich can afford tax rate hikes, but their employees cannot afford tax rate hikes for the rich. 39 Percent of $630 billion in revenue from expiration of top two rates would come from business income, says the nonpartisan Tax Foundation below. I have argued for months that the number of taxpayers affected by the raising of the two top personal marginal rates is meaningless to the
Germany reported blistering growth today, and it wasn't a statistical illusion. How do we know? Because while other countries like the US and France continue with their jobless recoveries, Germans are actually going back to work, as this chart shows.
Lately I have heard the latest talking points as the Democrats gear up to throw everything at us to see what sticks this Summer. One of the worst ones is the claim made by Rep. Debbie Wasserman Schultz (Dem. - FL) and others, including Mark Haines on CNBC yesterday morning, that the Obama administration has created more jobs in five months - the period of
BERK: In a Wall Street Journal column entitled The President's Animosities: Since when was the American idea us versus them?, Dan Henninger calls out Obama's words and actions as the most hostile to the private sector in his lifetime. This is why the economy and the stock market are so volatile. Economists
BERK: Volatility is back in the market. A big part of that is the Obama admistration's willful disregard for legal process and the rule of law. Investors have no idea whether their rights will be protected or not. The BP case is just the latest example. BP is a horrible company and they made terrible mistakes before and after the Deepwater Horizon blow. But it is difficult enough to estimate BP's future liability under the current laws without the Obamanites
June 1 (Bloomberg) -- President Barack Obama called the BP Plc oil spill in the Gulf of Mexico “the greatest environmental disaster of its kind in our history” and vowed to pursue a criminal investigation if any laws were broken. The president said the special commission led by former Florida Senator Bob Graham and former Environmental Protection Agency Administrator William Reilly will fully investigate the causes to make sure such a catastrophe won’t happen again. “We
