Dumbo’s job plan — SSDD, from Reuters: VINEYARD HAVEN, Massachusetts — President Barack Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers. The package, to be unveiled in early September, is Obama’s chance to convince skeptical voters he can […]

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davidl on July 12th, 2011

Stink Progress attacks liberal, from Stink Progress: Last week, Inside Health Policy’s Sahil Kapur wrote that negotiators may consider raising the Medicare eligibility age from 65 to 67 as part of an effort to reach a deal with Republicans on increasing the debt ceiling, and today Sam Stein confirms the report, noting that five separate […]

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davidl on June 30th, 2011

Barack Obama, a/k/a Dumbo, was for corporate taxes breaks before he was against them. Dumbo then, from February 18, 2009 Fox News: WASHINGTON — Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own […]

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davidl on June 8th, 2011

The O-conomy, from Jim Geraghty, National Review: Since January 2009, American businesses have faced at least three big potential risks to their bottom line besides the lingering effects of the 2008 crash: A) the possibility of tax hikes B) the possibility of greater costs for health care to employees imposed by government and C) the […]

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davidl on April 17th, 2011

The Trump Principal, don’t accept your opponent’s narrative at face value. Palin plays Trump card, Sarah Palin demonstrates that you don’t have to named Donald Trump to play the Trump Card, from Clay Barbour and Doug Erickson, Madison.com: Wearing a skirt and no hat or gloves, she [Sarah Palin] didn’t seem bothered by the weather, […]

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davidl on January 27th, 2011

SOTU reax, Washington Post: PRESIDENT OBAMA entered office promising to be a different kind of politician – one who would speak honestly with the American people about the hard choices they face and would help make those hard calls. Tuesday night’s State of the Union Address would have been the moment to make good on […]

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davidl on January 1st, 2011

An Obama Hate Machine, from David Corn, Politics Daily: The OHM [Obama Hate Machine] — led by a wide-ranging collection of conservative media outfits, right-wing bloggers, and GOP partisans — has already effectively undermined Obama’s presidency by propagating lies about his administration’s major accomplishments. It tarred Obama’s health care reform initiative by falsely claiming it […]

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davidl on November 22nd, 2010

If these completely arbitrary naked scans and gropings of American citizens by the TSA could actually protect us from terrorists, then perhaps we would be willing to go along with them. But surely it has already occurred to the terrorists — even if it has not occurred to our brilliant president and his beyond-brilliant secretary […]

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davidl on October 21st, 2010

Kyle-Anne Shiver, Pajamas Media, on Dim Won’s, b/k/a Barack Obama, alleged superior intelligence: On the intelligence claims, no proof has ever surfaced that any of the Obama brainiac hoopla was anything other than gratuitous accolades granted via affirmative action and white-liberal racial guilt. No transcripts. No professional articles. Nothing. Nada.  From kindergarten through law school, […]

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The news events of the last few months have certainly put the Obama Administration in a peculiar position.  The Gulf crisis notwithstanding, most of these events have been created by this president and his staff.

Team Obama went the the G20 Summit in Toronto this weekend to chide the other 19 nations to continue to stimulate their economy through Keynsian economic principles.  “Not so fast”, said the other countries.  “We have to make choices, and right now, we choose fiscal solvency and prudence”.  What a concept!

Passage of the Financial Institutions Reform package was always tenuous, at best, but the death of Senator Robert Byrd over the weekend makes passage more difficult.  One less Democratic vote means that it’s more likely that Republicans can filibuster this package, and this is a good thing.  Here’s why:  Any bill that increases regulation, drives up costs to the consumer, and squeezes financial services companies’ margins will negatively affect the economy.  The costs of increased regulation always get passed along to the consumer in some way, shape or form.  Limiting profits also limit tax revenues […]

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davidl on April 21st, 2010

I Won blind to Tea Party grievances, Brit Hume, Fox News: The president says the Tea Partiers ought to thank him because many if not most of them got a tax break courtesy of his stimulus package. In his condescension, the president seems not to grasp that the Tea Partiers see the mountains of debt […]

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davidl on April 4th, 2010

Filibuster breaks out at Obama rally, Anne E. Kornblut, Washington Post: Toward the end of a question-and-answer session with workers at an advanced battery technology manufacturer, a woman named Doris stood to ask the president whether it was a “wise decision to add more taxes to us with the health care” package. “We are overtaxed […]

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DJ Durant on February 4th, 2010

bored-tv-watchingPresident Obama has a huge problem: jobs.  As in, lack of them.  As in, not creating any.  He promised them on the campaign trail, and he promised them as part of the $1.2 trillion stimulus package he signed a year ago.

After one year in office, with a huge majority in Congress, he has accomplished remarkably little, which is a relief to a Conservative.  He has spent an inordinate amout of time, resources and energy wrangling over socialized medicine and cap and trade, and the unemployment remains stubbornly high.

Tomorrow, employment data will be released for January.  Weekly initial jobless claims for unemployment insurance has been running about 470,000, and this week the number hit 480,000.  The employment sector will not grow until initial jobless claims fall below 400,000.  We’re still a long way off.

There are two factors in play.  The President has been jawboning big business for the last three years, while on the campaign trail and since his inauguration.  Business will not hire workers without some stable signs of an increase in aggregate demand, and as long as this administration sends a […]

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Eric Florack on January 25th, 2010

Welcome, one and all to the most intense nightly read anywhere on the sphere… The BitsBlog Nightly Ramble SIGNS OF ANOTHER ATTACK? Drudge seems to think so. IS THERE A BIGGER IDIOT THAN JOE KLEIN? Well, there may possibly be such a  critter, but I tend to doubt it after reading his output of this […]

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DJ Durant on October 27th, 2009

Performance ReportNine months ago, Congress passed and President Obama signed an economic stimulus package totalling $1.8 trillion.  Hastily designed and implemented, the legislation was highly criticized because it was virtually impossible for anyone to have actually read the bill (much less understand it) prior to implementation.  The President himself told us that it was imperative we pass these bills in order to restore economic stability.  Conservatives, especially fiscal conservatives, howled, claiming the bill was inappropriately designed, that the money being spent could not possibly generate economic growth because it would take too long to move through the system, with the added concern of driving up an already astronomical deficit.  The Administration insisted that the spending was necessary to keep unemployment from exceeding 10%.  We were being deceived, and we knew it.

It generally takes about six months for changes in fiscal or monetary policy to be felt throughout the broader economy, so after nine months we should be seeing some signs of economic improvement.  That is, the weekly economic statistics […]

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