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The Economy

George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each. As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a […]

More of Obama’s Thug Tactics, con’t.

As reported here at Conservative Hideout previously, the Obama administration is steeped in what can be described as Chicago Thug Political Tactics. Unfortunately, the liberal policies of FDR and LBJ gave vast amounts of money to the political leaders in Chicago to consolidate their choke hold on the city, and therefore, the entire state. “The New Deal of the 1930s and the Great Society of the 1960s gave the Democratic Party access to new funds and programs for housing, slum clearance, urban renewal, and education, through which to dispense patronage and maintain control of the city.” Since Obama cut his […]

Gasoline Costs $900 More a Year Under Obama

I guess people voted for higher gas prices, because gasoline costs $900 more a year since Obama took office.  Breitbart has the graphical evidence… Remember, elections have consequences.

The Self Fullfilling Prophesy of Zero Leadership

Does hysteria breed hysteria? I think that is the message of Professor Larry Kotlikoff;s article at VOX. Imagine that you are an employer. Every day you hear, “the economy’s going over a fiscal cliff. Tax hikes and spending cuts totalling $600 billion will kill the economy”. Everyone is saying it – the politicians, the media, the economists, the Fed, the CBO, the IMF. So it must be true. Sure, the Republicans and Democrats may make a deal and save the day. But these guys never agree and, meanwhile, economic doomsday – January 1st – is just weeks away. What do […]

The Fiscal Cliff, and Why We’ve Already Lost, and will Continue to Lose

OK, we’re facing the infamous “fiscal cliff.”  What doe that mean?  It means that a crisis has been manufactured in order for Obama to triumph, and the Republicans to be scapegoated.  Here’s how it will happen. 1.  If both Houses and the POTUS fail to reach an agreement (read, if he Republicans fail to capitulate) there will be a rather unpleasant set of tax increases and budget cuts. 2.It doesn’t matter how many proposals the Republicans make.  It won’t matter how many times the Democrats change the rules or break their word-it will ALWAYS be the Republican’s fault. 3.  Reality doesn’t matter, and the MSM will […]

Food Stamp Growth Outstrips Net Jobs Growth by 75X’s

This is Obama’s America, where food stamps grow at 75x’s the rate of jobs. Take a look at this graphic, via The Weekly Standard… Of course, we can continue on this track, or even grow at  a faster rate.  All we have to do is re-elect Barak Obama.  

Obama’s ‘You Didn’t Build That Speech’ Reveals Bad Logic and Lies?

After going over the transcript from President Barack Obama’s campaign event in Roanoke, Virginia on July 13, 2012- the know famous ‘you didn’t build that’ speech- there are a couple further points I would like to make. Picking up midway through his speech… President Obama says- “We’ve already made a trillion dollars’ worth of cuts. We can make another trillion or trillion-two, and what we then do is ask for the wealthy to pay a little bit more.” It is common knowledge that under President Obama the amount of money that the federal government spends each year (outlays) has gone up by quite a […]

Does the US Hold the Largest Oil Reserves on the Planet?

Quite possibly, if we listen to the following official from the GAO… So then, if we are floating on oil, and the only barrier to this windfall is government, who is the problem? I think we all know the answer to that. John Hinderaker, from Powerline, adds some more… …Green River Formation alone–it is located at the intersection of the states of Colorado, Utah and Wyoming, and mostly underlies federal lands–contains as much oil as the entire proven reserves of the rest of the world combined. America is uniquely blessed in its energy resources. Two questions remain: 1) will Obama finally abandon […]

Obama’s Tax Reform Proposals Wrong, Politically Motivated, and Will Hurt the Middle Class?

Voters who go to the polls in 2012 will have two futures laid before them, and nothing illustrates this more than the tax code proposals submitted by GOP-nominee Mitt Romney and Democratic-nominee Barack Obama. Both Republicans and Democrats are going to try to make this race about a lot of other things, but at a fundamental level it is a race regarding what sort of path America is going to take- the one that we’ve been traveling on for the past couple years that the President wants to take us further on, or the alternative that former businessman and now GOP nominee Romney wants to […]

I’m Talking To You – Treasury Secretary Geithner admits he doesn’t have a plan…

choice of two futures

Paul Ryan’s budget was passed in the House, but Majority Leader, Harry Reid made damned sure that it didn’t pass his Senate because HE has a budget of his own that he wants..huh? He doesn’t have a budget to submit, but President Obama’s budget got shot down 97-0??! Wow, what a uniter in chief we have; but has anyone pulled him aside and explained that bipartisan efforts work best when it gets your legislation passed, not when it gets your legislation thrown on the floor and walked all over. Oh. Well then he obviously is just going to use continuing […]

Double Dumb Is Leading To Double Dip

unemployment

The markets, although a tad late in my opinion, are signaling that they have no faith that Europe or the United States are going to be able to get their economies growing again  any time soon. The bad news doesn’t let up. Here are just a couple of headlines to demonstrate my point: Stock futures signal another day of losses. Report: Bank of America cutting at least 3,500 jobs Does anyone doubt that the markets are right not to have any faith in our leaders to get the economy going again? Have you seen any evidence coming from either the […]

High Cigarette Taxes Fail to Meet Expected Revenue Targets: Anyone Surprised?

taxes

Apparently, raising taxes on tobacco products is falling out of favor with state governments… According to Patrick Gleason, director of state affairs for the conservative Americans for Tax Reform, tobacco has not been the revenue boon states that have increased cigarette taxes had hoped. “The lack of interest in raising tobacco taxes this year can be attributed to the fact that tobacco taxes have indisputably proven to be a dubious and declining source of revenue,” Gleason told TheDC. “From 2003-2007, 16 of 59 tobacco tax hikes fell short of revenue projections.” Here in Washington D.C., for example, the city’s 2009 […]

Lessons from Economic Recessions- Introduction and Great Depression

History teaches lessons- it allows those of us in the present to see how results in the past worked. Economic recessions are a great teaching tool for policy makers and average citizens, because they teach us how the recession may have happened and how to emerge from the recession and therefore inform us as to the policy actions that we must take and those that we as citizens must support. The problem is though that policymakers and citizens really only have learned about one historical economic recession, The Great Depression, and the lessons that they have been learned regarding this […]

Democratic policies lead to more expensive cars, allies upset at us, and corruption in the White House

Today on my drive home from work I listened to both a liberal talk radio show (the Ed Schultz show) and a conservative talk radio show that was having liberals call in to debate (the Michael Medved show). The basic point of liberals, no matter what the topic, was that conservatives/tea party supporters/Republicans support tax cuts for the rich which is corrupt and wrong and takes money and jobs away from the poor people in society, and the better way to go is to support the liberal/progressive/socialist/Democratic policies best illustrated by President Barack Obama. Also, they like to bring up […]

Conservatism: What it is and why it is needed?

Obama is the most pure statist in American history to ever occupy the Oval Office. If you look at the unprecedented spending undertaken by this administration, then you see that we are on a course of financial ruin.

Tax the Rich Until They Bleed

And when there’s no more blood, what then? Obama and the liberals love their populist meme: Tax the rich because they are not paying their fair share. Obama and at least some liberals know that is not true but they continue to beat this drum. Why? Because it’s an easy sell. When people are hurting, they want someone to blame . And, of course, Obama thinks this class warfare cry of tax the rich will get him re-elected. People need to know the truth about taxing the rich. There are a lot of myths out there. Below is a video that should go viral that […]

Taxes: A Historical Perspective REDUX

Both the Daley Gator and Capitol Commentary have discussed the fact that due to new tax increases, courtesy of a Democratic state government, Caterpillar may be forced to seek greener pastures in another state.  That reminded me of a post I did almost a year ago… With taxes on tanning salons and medical devises in the ObamaCare law, and the states proposing taxes on all sorts of services and products, I think it might be a good time to take a look at just how successful other taxes have been.  In 1990, a luxury tax was passed to go after the “rich people” by taxing […]

When It Comes To Energy Policy, The Lunatics Are Running The Asylum

There is no end to the number of hot topics buzzing around the blogosphere lately, Included among those hot topics is the issue of our “Energy Policy” or lack there of. I too have written on this subject numerous times. And, I feel compelled to do so again. First, with your indulgence, allow me to do a little ranting and raving and then I’ll get to the point of today’s second post. Ever since the oil embargo of the 70?s, it seems to have been impossible for the United States to come-up with a coherent energy policy. Some say that Big Oil didn’t […]

Financial Reform: How to Manipulate the Mob

How many of you recall when Rahm Emanuel stated that you should never let a crisis go to waste?  When you really dig down into that statement it’s actually quite frightening.  He made this statement back in 2008 and his basic belief is a crisis allows us the opportunity to do things we could not do before. The below clip aired in 2008, of Rahm Emanuel talking about never wanting a serious crisis to go to waste.  You know like the so called health care crisis we were all experiencing.  They sure didn’t let that perceived crisis go to waste.  […]

Washington Dirty Tricks: Stupak and Cap-and-Trade

Let’s put aside political affiliation for the moment and look at the recent developments on Washington. The first one I would like to talk about is the fact that the day after Obama’s Health Care bill passed, Bart Stupak and his coalition of 10 pro-life representatives requested billions in earmarks. Remember that the “compromise” reached between the Democrat party and the Stupak 11 was for the president to issue an executive order banning the use of federal funds for abortion. Legally, executive orders cannot overturn laws passed by Congress, therefore, two posts ago, I accused the Democrats of bribing or […]

We are a Socialist Nation

Today I mourn for the United States of America and the people who USED to be free.  Make no mistake – with every piece of legislation that gives the federal government more control over our economy and our lives, we give up yet another piece of our freedom.  We indeed are NOT a free republic as we were 110 years ago.  Merriam-Webster says this of socialism, “any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. Do you know why so many people are against the free market […]

Does the “O” in Obama stand for Oil?

President Barack Hussein Obama announced recently that he is opening up the restrictions on offshore drilling for oil and natural gas resources. This follows more than a year of his policies designed to imposed delays and outright bans on oil exploration and drilling. No doubt a surprise for many on the right, this announcement comes rather unexpectedly. But where does it come from and why? Before we can answer those questions, let’s take a look at Obama’s policies on this subject to date. On February 4th, 2009, Ken Salazar, the Secretary of the Interior announced that the Bureau of Land […]

Ford's Most Advanced Assembly Plant

This short video reveals so much about how the UAW has hurt the viability of American auto companies. I for one, would be thrilled to see American companies be free to opt for this type of innovation and high quality production. If you think of how many more Americans could be working if this type of plant could be built in America, it is easy to see why we are in the economic free fall we are. Make sure you pay attention to the last couple of sentences in this video. Hat tip to Pesky Emotional Republican – a fantastic […]

Bernanke Doesn’t Want Congress Running Monetary Policy

CBSNews Business has an article entitled “Bernanke Fights House Bill to Audit the Fed”.  In that article the Chairman of the Federal Reserve, Ben Bernanke says “I don’t think the American people want Congress running monetary policy.” What!? Did I read that correctly?  Yes, I did.  Obviously, Ben Bernanke either does not believe in the Constitution of the United States or he has never read it. In Article I, Section 8 of the Constitution (Powers of Congress) it says “To coin money, regulate the value thereof, and of foreign Coin, and fix the standard of weights and measures.”  In fact, […]

Sarah Palin & The Economy, Pt. 2

T.Christopher replied to my opening comments about Sarah Palin and the possible effects of her policies on our economy. So here is my second round in the debate. Okay T. Christopher posted a response to my opening remarks. Now I shall sit down and pen some thoughts in an effort to help further shape the debate and represent my side of this conversation. First of all, let me laud TC on his passion. He is up front with his beliefs and you know well where you stand with him, especially on this issue. That is commendable. However I do have […]

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