Site for Free Markets and Free People
Saturday, July 31, 2010
Friday, July 30, 2010
2.4% GDP Growth
It shouldn't be a surprise, though, since virtually no one in the Obama administration has any private sector experience whatsoever.
Thursday, July 29, 2010
How To Determine Your New Obama Tax Burden
Tuesday, July 27, 2010
Obama Poll Disaster
Americans are waking up to the realities of radical Marxism.
Monday, July 26, 2010
Tax Cheat Geithner: Let Bush's Tax Cuts Expire
Geithner - the responsible one...
Sunday, July 25, 2010
Obama Backed Libyan Bomber Release
Kerry Avoids Taxes; Parks Yacht in RI
John Edwards was right - there are two Americas - one for those who write laws and one for the rest of us.
Sunday, July 18, 2010
WaPo: Whites Don't Like Obama Because They're Racist
And yet, with midterm elections just a few months away, the so-called white vote looms large, an angry and vindictive political force. A Washington Post/ABC News poll released Tuesday showed that President Obama’s approval ratings have reached “a new low among whites, at 40 percent, with his positive marks dipping under 50 percent for the first time among white college-educated women.”
Does race have anything to do with it? You betcha.
...Amazing, really, how people from German, Irish, English, Italian, Polish, French, Welsh, Dutch, Swedish, Norwegian and Russian backgrounds can land on American shores and coalesce around a racial category concocted solely to exploit others.
Meet the great unifying, post-racial presidency where race worries are a thing of the past.
Saturday, July 17, 2010
Against the People: Only 23% Say Government Has Consent
Friday, July 16, 2010
Obama: I Got Us "Out of this Mess"
The rest of the speech was typical - we can't go back to the "policies of the past," ie. low unemployment, high growth and low taxes.
We need Obamanomics, with high unemployment, high taxes, massive regulation, major government intervention, low growth and only minimal freedoms.
Statist Dream: Ten New Financial Regulatory Bureaucracies
Just to show how extensive and unwieldy this bill is, JP Morgan has over 100 teams reviewing various parts of the bill. Even Chris Dodd says he has no clue how it's all going to work.
I have a feeling that the only banks who will be able to manage through this bill are companies that are too big to fail...
Irony: Unions Hire Non-Union Employees at Minimum Wage to Picket
"For a lot of our members, it's really difficult to have them come out, either because of parking or something else," explains Vincente Garcia, a union representative who is supervising the picketing.
So instead, the union hires unemployed people at the minimum wage—$8.25 an hour—to walk picket lines. Mr. Raye says he's grateful for the work, even though he's not sure why he's doing it. "I could care less," he says. "I am being paid to march around and sound off."
When unions hire people at minimum wage, it's simply helping out another American who is down on his luck and needs a job. If a company does it, however, it's "anti-worker." That's liberal thinking for you.
Thursday, July 15, 2010
Greenspan: Obama Should Raise Everyone's Taxes
First, why is the Bush tax cut the starting point in history? Tax rates go up or down every single presidency. Why don't we say we should "let GHW Bush's or Clinton's tax increases expire?"
The truth is that Greenspan's long tenure in Washington has turned his head to liberal mush. He also says that the problem is "a decade of major increases in federal spending and major tax cuts.” Let's get this straight - after all of this spending and tax cutting under Bush, the deficit was still only 1.2% of GDP in 2007. It wasn't until the Democrat-passed "tax rebates" and Obama's $3 trillion in spending, as well as the Democrat-caused recession that caused the deficit to balloon to $2 trillion in 2010.
Sure, Bush spent too much - but to say this deficit was caused prior to 2008 is so completely absurd that I wouldn't be surprised if Greenspan's wife wrote out his script for him. Who is this guy kidding??
Let's allow Americans to vote - keep your taxes at current rates and cut Obama's radical spending increases or destroy the middle class completely and give it all to Obama's chosen people?
Obama: Health Insurers Must Now Provide "Free" Services
For adults, the list of covered services includes mammograms, colonoscopies and other cancer screenings, diabetes screenings, counseling for tobacco use and certain types of pre-natal care. For children, it includes pediatric visits, vision and hearing screening, developmental assessments, immunizations and obesity screenings.
Insurers say the changes won't be free to consumers since plans will have to raise premiums overall to offset the cost of covering these services. The Obama administration estimates that the changes will increase the cost of premiums by an average of 1.5% a year.
My question is, why stop there? Why not require them to give away all health care for free?
More Affirmative Action Hidden in Financial Regulation Bill
Not according to Obama, who evidently believes that more affirmative action policies are needed. They've recently snuck an affirmative action clause into the financial regulatory bill. Not surprising, considering this is Obama we're talking about.
By the way, anyone see Beck a couple nights ago where he talks about Black Liberation Theology including Jeremiah Wright's parish. If you watched the show, you'll know it's pretty scary stuff. Also, you'll know where Obama is coming from.
Wednesday, July 14, 2010
AP Screws Up Limbaugh Comments on Steinbrenner
Radio commentator Rush Limbaugh has weighed in with his own view of George Steinbrenner, saying "that cracker made a lot of African-American millionaires."
The New York Yankees owner died Tuesday at age 80. On his show, Limbaugh also said Steinbrenner also fired "a bunch of white guys as managers left and right."
What the AP missed was the context, in which Limbaugh was parodying Jesse Jackson's comments of Cleveland Cavaliers' owner and the Lebron James situation, as well as the Black Panthers' Malik Zulu Shabazz's comments about white people. Not surprising that the AP missed the context because they never reported on either story.
Monday, July 12, 2010
Heartbreak: Crist's Appointee, Lemieux, Endorses Rubio
Chart of the Day: Unemployment Under GOP vs. Democrat Congresses
Usain Bolt Avoids UK on Higher Taxes
This is precisely why higher tax rates do not mean higher income. When will politicians learn?
Thursday, July 08, 2010
DOJ Now Supporting Voter Fraud?
As expected, he [J. Christian Adams] claimed that Associate Attorney General Thomas Perrelli, an Obama appointee, overruled a unanimous recommendation by six career Justice attorneys for continued prosecution of members of the New Black Panther Party on charges of voter intimidation in an incident I detailed here yesterday. But Mr. Adams leveled an even more explosive charge beyond the Panther case. He testified that last year Deputy Assistant Attorney General Julie Fernandes made a jaw-dropping announcement to attorneys in Justice's Voting Rights section. She said she would not support any enforcement of a key section of the federal "Motor Voter" law -- Section 8, which requires states to periodically purge their voter rolls of dead people, felons, illegal voters and those who have moved out of state.
If true, Ms. Fernandes was endorsing a policy of ignoring federal law and encouraging potential voter fraud.
Read on...it seems the facts are on Adams' side.
Wednesday, July 07, 2010
Geithner: Really, We're "Pro Growth"
"We're going to make sure that we keep at 20 percent the existing rates on dividends and capital gains," Geithner said. "We think that's good policy."
Well, except that the rates are 15% today and that dividends will rise to 40%. And that's before the incremental Obamacare 3.5% tax. So what's the big deal? They're barely tripling the rates - relax... Then Geithner had the nerve to say,
"We have a pro-growth agenda, part of that agenda is growing exports. They're central to our future. What the president (did) today is to say, 'That is important to the United States, we're going to be committed to making sure we're expanding opportunities for American businesses everywhere."
Sure, Timmy. The most anti-business, anti-free trade, pro-tax increase President in U.S. history is really pro-business. Americans believe you.
Massachusetts' Health Care "Train Wreck"
As events are now unfolding, the Massachusetts plan couldn't be a more damning indictment of ObamaCare. The state's universal health-care prototype is growing more dysfunctional by the day, which is the inevitable result of a health system dominated by politics.
Unsurprisingly, the state now has the highest health care premiums in the U.S., despite that it was supposed to "save money" for Mass. taxpayers. Romney really botched this one - he needs to admit that it was a mistake to sign the law and attempt to get it repealed if he is to have any chance at a serious presidential bid.
The Redistributionist Obamacare Czar
“Any health care funding plan that is just, equitable, civilized, and humane must, must redistribute wealth from the richer among us to the poorer and the less fortunate. Excellent health care is by definition redistributional.”
Tuesday, July 06, 2010
Bush Stimulus vs. Obama Stimulus - Eighteen Months Later
The stark difference was the stock market reaction to each stimulus. You can use your own judgment as to whether the stock market is right or wrong today but the investor community has spoken quite clearly.
Over the 18-month time frame from March 2003 (1 month prior to passage of Bush's plan) through October 2004, the S&P 500 went from 835 to 1136, a gain of 36.0%.
Over the 18-month time frame from January 2008 (1 month prior to passage of Obama's plan) through July 2010, the S&P 500 went from 932 to 1023, a gain of only 9.3%.
The market has given its verdict and Obama's stimulus has been ineffective, to say the least. I should also note that the stock market continued climbing another 35% under Bush through the end of 2007. How many people are so bullish about the next couple of years under Obama?
Lockerbie Bomber Might Live Another Ten Years; BP Gets Libyan Support
Coincidentally, it appears that BP will be getting a new investor in the name of Libya's sovereign wealth fund, as well as a potentially lucrative, multi-billion dollar drilling contract off of Libya's coast. But the two were unrelated, I'm sure.
Google Celebrates...Frida Kahlo??
If you go to the Google website today, you will see that the firm is celebrating the birthday of Frida Kahlo. Because Google rarely celebrates holidays like Memorial Day or Presidents' Day, I assumed Frida must have been very important to the world, right?
Sure enough, Frida Kahlo was a Mexican bisexual communist artist (covering Google's major requirements for celebration, I suppose). Here is part of the entry from Wiki:
Active communist sympathizers, Kahlo and Rivera befriended Leon Trotsky as he sought political sanctuary from Joseph Stalin's regime in the Soviet Union during the late 1930s. In 1937 initially, Trotsky lived with Rivera and then at Kahlo's home (where he had an affair with Kahlo). Trotsky and his wife then moved to another house in Coyoacán where, later, in 1940 he was assassinated.
Monday, July 05, 2010
Colorado Senate GOP Candidate Norton a Prior Hillarycare Supporter?
Sunday, July 04, 2010
Democrat-Run Illinois is What's Next for U.S.
Illinois is bound for default without a federal bailout (which is almost certainly coming). Of course, the budget comptroller Daniel Hynes thinks that everything in the $25 billion budget qualifies as "essential."
“This is not some esoteric budget issue; we are not paying bills for absolutely essential services,” he says. “That is obscene.”
Saturday, July 03, 2010
Friday, July 02, 2010
AP: Obamacare Means Longer ER Lines
But it's all free! Wippee!
Obama's Scary Job Chart
Frugal Times: Obama White House Earns $38 Million
(And no, I don't buy the argument of "these people are smarter, so they deserve more..." After all, has anyone seen the return we've gotten on Obama's multi-trillion dollar spending initiatives?
Dems Jam War Funding Bill With Pork Spending
Nonfarm Payrolls Lower than Expected....Again!
Once again, the non-farms job number was lower than expected.
Pelosi's Job Creation Formula
Thursday, July 01, 2010
40 Million Swine Flu Vaccines Wasted
Obama Hated Commissions and Now He Loves Them
Here's Barack in 2008, as a candidate:
Senator McCain's first answer to this economic crisis was - get ready for it - a commission. That's Washington-speak for 'we'll get back to you later.
Obama continued to make fun of McCain:
Folks, we don't need a commission to spend a few years and a lot of taxpayer money to tell us what's going on in our economy, he continued. We don't need a commission to tell us gas prices are high or that you can't pay your bills. We don't need a commission to tell us you're losing your jobs. We don't need a commission to study this crisis, we need a President who will solve it - and that's the kind of President I intend to be.
And now 18 months later, Obama has established 4 different commissions, including one to figure out why the economy is so bad and what can be done about it. Hmmm. I'd like to be able to say that I'm surprised Obama had lied so egregiously.
Jim Cramer Slams Obama Again
..these days only a few hardcore-left Democrats, President Obama and Rahm Emmanuel among them, are maintaining the fiction that they are pro-growth and pro-job.
You can't be a serious businessman or even journalist and maintain the fiction any longer - Obama is an absolute horror to the economy.
WSJ: Deficit Panel Stresses Spending Cuts
Here's the surreal thing, though. The chairman of the panel, Democrat Erskine Bowles, suggested that federal tax revenue should "rise to about 21% of GDP." Under today's CBO projections, we are already above that figure - and it will grow to 26% by the end of the decade and 35% by 2035.
There's really only one good way to help reduce deficits - reverse all of Obama's policies and grow the economy.
Greenspan: Small Business in "Extraordinarily" Bad Shape
Perhaps Greenspan didn't listen to Obama, who said that small business has all kinds of new hiring incentives (I think he means the uncertainty, higher labor costs and the risk of having the rules changed overnight, as well as higher marginal tax rates)...
Greenspan also said the bond market is telling is that we are reaching our "borrowing capacity limits" and that Obama's proposed tax rate increases are "ill advised."
Greenspan later added that because capital is so fungible, if the U.S. passes the existing financial regulation bill, it will definitely hurt U.S. institutions, as the capital flees to Europe and elsewhere.