Business/Economy (Bloggers & Personal)
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The Republican leader, Sen. Mitch McConnell of Kentucky, said the vote was anything but procedural — casting it as a referendum on the bill itself, which he said would raise taxes, cut Medicare and create a “massive and unsustainable debt.” McConnell: It’s a ‘Monstrosity of a Bill’
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Seeking to deflect a rising frequency of calls for his resignation, U.S. Treasury Secretary Timothy Geithner suggested that “the root source of our current troubles can be traced back to the Reagan Administration. Remember, it was the tax cuts and deregulation pushed by President Reagan that unleashed an abnormal expansion of economic growth. The American people became accustomed to an unhealthy pace of increasing material prosperity that is incompatible with the more socially conscious restraint President Obama is trying to bring to this country.” “Rising home values, rising investment values, rising salaries all stimulate a sense of greed that is...
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How To Survive The Coming Global Economic Collapse Henry BlodgetNov. 20, 2009, 10:10 AM The following excerpt is from the blog "Surviving In Argentina," by Fernando Ferfal Aguirre. Ferfal lived through Argentina's economic implosion in 2001. Here, he shares some of his secrets to survival. So, guys, things don’t look good. It pains me to see America going through this and the consequences it will bring. These are critical days. Now is when we’ll get a better picture of how bad things will actually get, how long until we see the economy back on its feet. Instead of trying to...
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The Senate is set to vote Saturday night, right before the holiday, on a motion to proceed on its latest health care government take-over bill. Senate Majority Leader Harry Reid is pushing for yet another weekend vote (commonplace now for the party of “transparency”) because he knows that the American people will be none too happy about the Democrats’ proposal the longer they have to look it over. A vote against the Democrats’ motion will help stop Obamacare before it gets any closer to becoming a reality. While this Saturday night vote might seem like a procedural matter, at the...
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Republican genius, Peter Schiff talks about the Dumbocrats' stupid ideas for the economy. America is simply printing more money hoping that that will make people richer. http://www.youtube.com/watch?v=3pqQWzxMo2M http://www.youtube.com/watch?v=vHE6LBJjksg He is running for Senate in Connecticut, vote him IN, people. On healthcare: http://www.youtube.com/user/SchiffReport#p/a/u/1/LfGjqmG47cU
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In Montreal, Quebec five Italian cafes have been firebombed in less than a month, and none of the victims are talking as reported by Sidhartha Banerjee for The Star: The head of the Montreal police arson squad said his detectives are mulling a number of theories, but, with merchants remaining mute, all they have are hypotheses. There's the possibility that a Mafia war has erupted. Or perhaps a brazen street gang is trying to move in on the Mob's turf. Or maybe rival gangs are battling among themselves. Police have even considered an arsonist with a particular penchant for putting...
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...So why the run on the CoinStar machines? Answer: Those piggy banks (or coffee cans or cookie tins or whatever) are no longer just fun little ways of saving back a few bucks. They’re grocery money, or school supplies, or maybe the electric bill. People are being weighed down with bills they can’t pay and the load is getting heavier. I took my big $22.68 and bought food. It was either that or draw money against my next paycheck. It doesn’t take a rocket scientist to figure out this is a bad sign. People are running out of money. And...
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Small Business Tax & Toil By: Larry Walker, Jr. I have been contemplating all the blood, sweat, and tears shed by Small Business owners like me. Having been in business for the past 9 years, I have come to the realization that: I am paying a hell of a lot in Taxes (and government mandated fees), and I am feeling mighty under appreciated. The Federal Government, under the American Recovery and Reinvestment Act of 2009, chose to give a Social Security tax cut, the Making Work Pay Credit, to workers making under $75,000 per year. That's all well and...
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November 20, 2009 What's Next for Oprah? President? UN Secretary General? -and- WHY are we consumed by meaningless Speculation? by MrArbitrage Just a day after Oprah Winfrey announcing that she will be ending her talk show, we are already being overloaded by columns and news reports speculating on “Oprah's next move". I think she’s going to enjoy the attention from this PR stunt immensely. I can see it spinning out of control already and I’m not looking forward to listening to the speculation propounded ad nauseam by media pundits over the coming months. It’s on par to be bigger and...
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As the Bank of America (BofA) CEO, one of the first phone calls that Jon Corzine might receive could come from Service Employees International Union (SEIU) President and White House frequent guest Andy Stern asking Corzine to forgive SEIU’s $88 million debt or at least to renegotiate the BofA terms. As former head of the Democrat Senatorial Campaign Committee and a Democrat governor from New jersey, Corzine knows all too well how much the Democrat party owes SEIU bosses. Corzine as head of Bank of America could create interesting opportunities for Stern. Debts are increasing at every level of the...
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President Obama and his flacks constantly have claimed that the government's $787 billion stimulus package has created or saved hundreds of thousands of jobs. The numbers don't back up the claim. In fact, the numbers don't clarify anything. For example, on Oct. 30, Mr. Obama claimed the massive government spending program had already created or saved 640,239 jobs. California supposedly saved the most jobs, with 110,185 rescued workers. But this job "creation" involves some very creative accounting. The 110,185 number does not reflect new jobs or even jobs that likely would have been lost, according to the Sacramento Bee. About...
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It was a breath of fresh air to finally hear the Democrats admit to their health care bill as “a lot of show and tell and razzmatazz,” (see Democrat talking points, in reference to my book). At least now we’re all on the same page when discussing the problems with their monstrous government health care “reform” plan. Now, tonight, more disconcerting news – the New York Times reports of new guidelines to scale back cervical cancer screenings. The recommendation from the American College of Obstetricians and Gynecologists comes on the heels of another recommendation to limit breast cancer screenings with...
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Let’s do the math. Fifty-seven plus one equals fifty-eight. Fifty-eight and two that he didn’t get to go to equals sixty. Sixty states according to Barry Hussein Soetoro. But he was voted president anyway. (see :25sec video) You may think that a presidential candidate who thinks that there are 60 states in America is unacceptable and that may be true but what do you think of that same candidate who is now president whose administration is not curtain about the number of congressional districts? That’s what I said, the Barry Hussein Soetoro’s administration—the administration that concocted the fictitious scenario of...
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The latest economic polling from CNN shows an interesting trend. The biggest of which may be the closing of the window for the Democrat's blame of George Bush for everything from the lousy economy to the three traffic accidents had by Joe Biden's motorcade this week. As you may expect 82% of the country believe the economy is somewhat or very poor. But only 38 percent of America blames the GOP for current economic problems. In May 53% blamed the GOP. The poll reported that 27% blame the Democrats for the recession, up from 19%. The number who blame both...
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Can Barney Frank Dunk on Lebron? No, he cannot. Nor can anyone else in Washington. Nor can they catch passes from Ben Rothlisberger in the Super Bowl or strike out Derek Jeter in the World Series. They are not equipped to do so. So what? This ridiculous visual image speaks to the business malaise infecting the economy since Obama took office. The point is that politicians are equally ill equipped to run the auto industry or the health industry or the lending industry or the insurance industry -- and their determination to do so is sucking all the dynamism from...
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Peter Schiff is a Republican genius when it comes to the economy. He singlehandedly destroys Obama'a plan to save the economy. http://www.youtube.com/watch?v=46ItttTID3k&feature=subtivity
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Several weeks ago I wrote two posts dealing with the constitutionality of Obamacare based upon the remarks of Mr. Hoyer (D. Md.) and Ms. Pelosi (D. Ca.). Mr. Hoyer insisted that the mandate that all have insurance was clearly constitutional based upon Congress’s power to tax, while Ms. Pelosi insisted the mandate was constitutional based upon Congress’s power to regulate interstate commerce. But, I have now found the definitive treatise on the subject. Not only have I found it, but, I have found it in a most unusual place…the bill itself! The Senate Bill released by Sen. Reid (D.Nv.) yesterday...
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Yesterday Harry Reid Proudly announced CBO had scored the Senate’s bill and that claimed that the bill would save $109 Billion during the first ten years years of the plan's Today the CBO released a letter showing that Reid's information is wrong. The Majority leader "forgot to include the "doctor’s fix“, in his scoring. Once that is done the effect of the Senate Bill is to INCREASE the the deficit by $89 billion in the first 10 years.
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Paul Krugman Criticizes Reaganomics Here's how to defend it Lies, Damn Lies, and Statistics Krugman proves that a crafty, educated man can make statistics say whatever he wants them to. It's all about how you aggregate or disaggregate them and how wide or narrow an angle your snapshot captures.He showcases the blazing hot growth of the 50's and 60's that was the inevitable result of post-WW II rebuilding, and then criticizes Reagan because his growth didn't measure up to this impossible-to-maintain pace. So why does Fama (Eugene Fama, who trumpets the irrefutable success of Reaganomics) believe that something wonderful happened...
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Do you lead one? Do you have one? It's a pretty good question these days since there's a lot of talk about Tribes going around. And it seems to be an evolving situation but an interesting one since it's apparent that it's becoming a very powerful cultural phenomenon. I would say that it's probably because of the increased connectivity we all have allows us access to people who have the same views and values. For more on Tribes, I would recommend Seth Godin's book, oddly enough titled: Tribes. I had the priviledge of attending the recent PGC200 (www.pgc200.org) launch event...
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Posted by GOP Leader (John Boehner) Press Office on November 19th, 2009 Just like the original 2,032-page, government-run health care plan from Speaker Nancy Pelosi’s (D-CA), Senate Majority Leader Harry Reid’s (D-NV) massive, 2,074-page bill would levy a new “abortion premium” fee on Americans in the government-run plan.
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Either today or later this week, Senate Democrat Majority Leader Harry Reid (Nev) wants the Senate to vote on a "motion to proceed" on the Senate's version of the healthcare bill. That wouldn't be so bad except for the fact that it has barely been seen by anyone in the Senate. At least not as far as most Senators are concerned. Why is that? Because the bill has not been shown to them with sufficient time to study it, that's why. What Reid wants is for the Senate to vote to proceed on a bill that has not been seen,...
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An excerpt of the 1924 Republican Party Platform: The prosperity of the American nation rests on the vigor of private initiative which has bred a spirit of independence and self-reliance. The republican party stands now, as always, against all attempts to put the government into business. American industry should not be compelled to struggle against government competition. The right of the government to regulate, supervise and control public utilities and public interests, we believe, should be strengthened, but we are firmly opposed to the nationalization or government ownership of public utilities. In 1924 the GOP ran Calvin "Silent Cal" Coolidge...
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I posted Sarah Palin's CBN Interview She will also be on: BILL O'REILLY TONIGHT!! Nov 19th Nov 20th Part 2 Nov 23rd Part 3 DENNIS MILLER RADIO SHOW Nov 20th (http://radiotime.com/program/p_123379/The_Dennis_Miller_Show.aspx)
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A month or two I published a letter I had written to Newsweek's letters to the editor section telling them why I was not going to renew my subscription. I don't need to say why, I just couldn't take anymore of their cover stories and articles like "Why Fox News is Bad for America.", "We're All Socialists Now", "America: Not a Christian Nation. Many of you decided to chide me, I thought a bit over the top in some cases, into dropping it entirely immediately. No no, I thought, maybe I'm just overreacting to some bad covers, unfair articles. Yet...
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American Voters have an idea about how to save jobs, especially Congressional Jobs. According to the latest report from Rasmussen voters believe that to create Jobs, cut taxes and stop spending. Lets face it, it worked when Reagan did it, it worked when JFK did it. 62% of all voters believe tax cuts will "save and create" Job. Only 21% believe that a new porkulus plan will be more effective. This number is exactly the same as it was when the first stimulus package was being debated in Congress, 62% of voters wanted the plan to have more tax cuts...
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There are, in public policies, these inconvenient things called the “secondary effects.” These are the unintended consequences of even the best intended laws. Critics of Obama’s national health care program have questioned its intentions from day one. Few doubt the program will lead to a serious rationing of health care (adding 40 million on the system and allegedly lowering spending will have that impact) and will lead to increase taxes for millions of Americans. According to public opinion surveys, the number one issue of most voters is unemployment. This sentiment is backed up by the hard fact that unemployment recently...
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One of the primary tenets of Medicine is Primum non nocere a Latin phrase that means First, do no harm. The Senate version of the Obamacare bill ignores that phrase and is poised to raise health care costs for all Americans, of all income groups, not only through taxes but via fees on health products that will be passed along to consumers. Below is an outline of the unlucky (for America) 13 New Taxes in Harry Reid's Bill:
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In 2000, Al Gore was worth a little over $2,000,000. Today, he is worth hundreds of millions. There are so many millionaires in D.C. now--and most have held public office for many years. Where is their wealth coming from? Is it because they pass legislation which they know will make certain industries and companies grow--and they happen to be on the ground floor? I would really love to see some stats on how a senator or house member on a government salary becomes a multi-millionaire. Healthcare reform and cap and trade, if passed, will be a burden on us all....
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NEW YORK/LONDON (Reuters) – Gold rose to a record high above $1,150 an ounce on Wednesday as stronger-than-expected U.S. consumer prices and a steadily weakening dollar stirred inflation fears. Spot gold hit an all-time high of $1,152.75 an ounce and was at $1,142.55 an ounce at 3:08 p.m. EST (2008 GMT), against $1,141.50 late in New York on Tuesday. U.S. December gold futures settled up $1.80 at $1,141.20 an ounce on the COMEX division of NYMEX.
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Twenty-two suspects -- including a New York City Department of Sanitation Deputy Chief and a New York State Court Officer -- have been arrested pursuant to five indictments coming out of Staten Island, NY resulting from two separate investigations alleging schemes tied to the Gambino and Lucchese crime families involving bid rigging, bribery, loan sharking and bookmaking.
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Details of the second half of the Going Rogue book tour! I'm looking forward to seeing everyone in every stop on the tour, but I'm especially looking forward to meeting our brave men and women in uniform at Fort Hood. I'm joining the efforts of many others by donating my royalties from the book sales during our stop at Fort Hood to the families of the victims whose lives have been forever changed by the tragic events of November 5th. I am humbled to be able to join the larger effort called "Community Response to 11/5," which was established by...
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I posted the videos of Sarah Palin's Interview On Fox News With Sean Hannity
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Here’s another case of you can trust us but you can’t trust them. I’m talking about how big government thinks there is something fishy about the workplace becoming a safer place. It comes as no surprise that liberals think big business (the enemy) has something to hide. If we can only investigate the hypocrites that want the investigation. Here’s a thought: with 10.2% unemployment and a serious decline in manufacturing jobs over the past 20 years does it really come as a big surprise that work place incidents are on the decline? Let’s see… less people are working, less places...
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I posted photos of Sarah Palin's book signing at the Woodland Mall in MIchigan. Many slept overnight and the crowd was 2,000 by 9am. It is estimated 9,000 to 11,000 fans showed up to see Sarah.
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“Profit” and the “profit motive” have successfully been reclassified by the American political Left as a dirty word...
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The following story is a potential fictional time line for the day the dollar died. I hope not to instill fear or loathing but to give everyone some perspective on a POSSIBLE outcome which does not really take much of a reach to come to any conclusion. Despite popular belief and promises from those who wish to rob you of your savings and investments, the collapse of the dollar might just be an event measured in hours, not days as their control is not what it seems...
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More stimulus stupidity from our wizards at the Obama administration. This stuff would be laughable if it weren't true. According to the government's $84 million website, Recovery.gov, IF you can believe their numbers, the federal government gave just under $2.3 billion (Reminder: This is with borrowed money that the government doesn't have) to the 4th congressional district in Washington state that supposedly created 1,487.10 jobs.
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I just discovered this and since the MSM hasn't picked it up yet I thought I'd break it here. Anyone who knows me here knows that I'm a electric car nut. I've been following Aptera for a while. Aptera Motors is a company in Vista, CA that's making the "google car", the Aptera 2e. It looks like an wheeled iPod and uses almost no energy; the gasoline version gets 130 mpg and the electric version goes 100 miles. But there's trouble in California. Last fall they handed control of the company over to Paul Wilbur. Paul's greatest fame was running...
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On November 11, I wrote of the statements that Charlie Crist made denying that he ever supported Obama's $787 billion stimulus bill in his role as Florida's Governor. Unfortunately for his obfuscation, though, I noted that he and 17 other governors signed a letter in February of this year announcing support for the Stimulus. Apparently Crist forgot that he signed this letter... conveniently. Yes, he was for the porkulus bill before he was against it. Well now there is even more proof than that mere signature on a piece of paper showing Charlie's support for the porkulus bill. From Ed...
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The Dean, Jeffrey S. Flier, decimates the the fairytale from the Obama camp: In discussions with dozens of health-care leaders and economists, I find near unanimity of opinion that, whatever its shape, the final legislation that will emerge from Congress will markedly accelerate national health-care spending rather than restrain it. Likewise, nearly all agree that the legislation would do little or nothing to improve quality or change health-care’s dysfunctional delivery system. Meanwhile, another Harvard alumni weighs in: Joseph Stubbs, President of the American College of Physicians -- the second largest doctors' group in the country -- confirms that "the supply...
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Sarah Palin says she’d rate Barack Obama's performance as president a 4 out of 10. She criticized the president for his handling of the economy and for "dithering" on national security questions. "There are a lot of decisions being made that I — and probably the majority of Americans — are not impressed with right now," she said in an interview with ABC’s Barbara Walters Tuesday. She said Obama's Nobel Peace Prize was "premature." The former Alaska governor also said that a 2012 presidential bid is "not on my radar," but wouldn't rule out playing some role in the next...
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Interesting imo The danger in those years [2011/2012] will be that Ben Bernanke will attempt yet again to refloat the U.S. economy through inflation, buying government debt to fund the deficit and forcing short term rates well below the inflation rate. This danger is exacerbated by the Obama administration's insouciance about deficits. Ben Bernanke on his own (and his predecessor Alan Greenspan) bears a large share of responsibility for the 2008 crash, but the Bernanke/Obama combination is potentially even more dangerous. If expansionary monetary and fiscal policies are pursued regardless of market signals, the U.S. will head towards Weimar-style trillion-percent...
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For months economists have been warning that the President's economic policies could be driving the US into a "double-dip" recession. A "double-dip" recession, occurs when the economy has a recession, emerges from the recession for a short period of growth, and quickly falls back into recession. The recession of the early 1980s is an example of a W-shaped recession. The economy fell into recession from January 1980 to July 1980, shrinking at an 8 percent annual rate from April to June of 1980. The economy then entered a quick period of growth, and in the first three months of 1981...
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I had a great conversation with Rush today. We spoke about the issues facing our nation, the future of the Republican party and touched on other great topics. - Sarah Palin You can listen here: Click On Citizen Palin 4 President Above
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Climate change legislation is an economy killer. An August study by the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) measured the impact of The Waxman-Markey Bill (HR 2454) or Cap and Tax. As a reminder the bill passed the House of Representatives by a slim margin (219-212) early this summer. As with most of the democratic party legislation passed this year, Waxman-Markey was passed without being read by most of its proponents. The Study show that Cap and Tax will be a disaster for the American Economy: * Cumulative Loss in Gross Domestic Product...
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Keeping track of Obama's phony "Stimulus" jobs "created or saved," is getting more difficult by the day, especially since there is no recognized method of measuring "saved" jobs. It has never been a valid statistic, but the administration finds it convenient to use this imaginary statistic to pump up their failed stimulus plan.
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When the New York Fed renegotiated its original $85 billion deal to bail out AIG last year, it "effectively" transferred tens of billions dollars of cash from the federal government directly into the coffers of the AIG’s counterparties, according to an audit by TARP Inspector General Neil M. Barofsky.
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In a first-of-its-kind litigation, the Ecological Rights Foundation ("ERF") has alleged in a Complaint brought in federal district court in San Francisco that Pacific Gas & Electric Company (PG&E) is in violation of the Clean Water Act ("CWA") and the Resource Conservation and Recovery Act ("RCRA"). ERF alleges that the treatment of PG&E's utility poles treated with pentachlorophenol ("penta"), a wood preservative, has resulted in contamination of groundwater and surface water throughout four counties in Northern California -- Alameda, Contra Costa, Marin, and San Francisco, including San Francisco Bay. The suit implicates all of the estimated 300,000 utility poles that...
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Obama Stimulus Bill ‘Saves or Creates” Thousands of Green Manufacturing Jobs… In China November 17, 2009 Jim Holt When the Obama White House is not “saving or creating” fantasy jobs here at home they’re “saving or creating” manufacturing jobs in China. The Obama Stimulus Plan will help pay for a $1.5 billion wind farm in Texas. The project will mean thousands of new jobs for wind turbine manufacturers… in China. The Dallas News reported: Two weeks ago, U.S. Renewable Energy Group, led by Dallas investor Cappy McGarr, announced plans to build a $1.5 billion wind energy farm in West Texas....
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