Democrat, Editorial, Liberal, Obama, Economy
The American people know the President’s stimulus has failed. A new CBS poll out today shows that 74 percent of Americans believe the Obama stimulus either damaged the economy or had no effect. And a Washington Post poll released Tuesday again showed that a majority of Americans disapprove of President Obama’s handling of the economy. So how on earth can the White House claim they “saved or created” 3 million jobs? By rerunning the same economic models that predicted the stimulus would prevent unemployment from ever rising above 8%. That’s right. The White House’s 3 million jobs number is not based on any real world data.
Democrat, Editorial, Government, Incompetence, Financial
Although there’s general agreement that the most pressing issue facing the federal government is its runaway finances, the Democrat-controlled Senate hasn’t passed a budget in 762 days, a new standard for dereliction of duty.
Liberal, Greed, Socialism
Sen. Bernie Sanders of Vermont, a self-styled socialist, spent nearly nine hours on December 10 excoriating affluent Americans. Sanders complained to colleagues that “when the rich get richer…they say: ‘I am not rich enough. I need to be richer.’ What motivates some of these people is greed and greed and more greed.” Sanders further filibustered: “Greed is, in my view, like a sickness. It’s like an addiction. We know people on heroin. They can’t stop. They need more and more.”
Liberal, Incompetence, Economy
Japan's budget is in a truly terrifying state. Reading about the government's behavior reminds me of the worst accounts of compulsive spenders on the verge of personal bankruptcy--a sort of "What the hell, we're screwed anyway, so let's not think about it and maybe go to Cabo for the weekend." The budget's structural position is what is known technically to economists as "completely hosed"; borrowing now exceeds tax revenue, and debt service costs now eat up almost half of the tax revenue the government collects.
Democrat, Liberal, Scandal, Narrative
When President Kennedy cut the highest income tax rate to 70% from 91%, revenues also rose.
Democrat, Editorial, Liberal, Incompetence, Obama, Economy
Proponents of President Barack Obama's $787 billion stimulus bill continue to insist that the massive government bailout played a decisive role in moving the economy out of the recession. Yet assuming no destructive government actions, the economy's self-correction mechanism was widely expected to move the economy out of recession in 2009 anyway. With a parade of "stimulus" bills the past two years (going back to President George W. Bush's tax rebate in early 2008), it was entirely predictable that some would link the expected end of the recession to whichever stimulus bill happened to come last.
Fleeced: The upper 1% earned 19.6% of total income before tax, and paid 41% of the individual federal income tax. "No other major country is so dependent on so few taxpayers"
Alternative energy sources such as solar and wind create significantly more expensive fuel and electricity than traditional energy sources. Increasing the cost of electricity and fuel will hurt productivity, reduce overall employment, and cut the amount of disposable income that people have. Yet many studies used by advocates of green jobs have not addressed these costs at all—overlooking both the cost of investment and the price hikes to be faced by end users.
Government, Incompetence, Financial, Economy
Washington’s routine accounting methods would trigger indictments against similarly behaved business executives. In fact, people have been convicted for operating as Washington has for decades. -Deroy Murdock