Keyword: 0bamaeconomy
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The fiscal train wreck that Obamacare and other health care entitlements will inevitably cause is quickly approaching—and no amount of tax increases can save us from the crash. Although the “Eat the Rich” and “Tax the one percent” way of thinking is currently in vogue, these catchy sound-bites remain nothing more than pithy slogans. Not only can the “rich” not pay it off, but if Congress does not act, the rich, the middle class, and the poor together will not be able to cover the tab. Making matters worse, taxes are scheduled to increase significantly on earners in all income...
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Fracking in the state of Colorado during the year 2012 created 111,000 jobs whereas Barack Obama’s entire economy has only generated 110,000 jobs for Millennials since 2007. What is wrong with our president? Does he suffer from a migraine headache or is he simply refusing to think straight? His administration is spending up to $1,000 a day caring for illegal immigrant children carrying measles, mumps, scabies, lice, chicken pox, strep throat and tuberculosis. Meanwhile, legal American citizens with law degrees are living with their parents and struggling to find jobs that even pay minimum wage. Describing the influx of undocumented...
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WASHINGTON - Republicans have a wealth of political issues that will dominate the 2014 midterm election races and determine their outcome. The national news media has done its best to try to bury these issues, play them down or sugar coat them, but the American people know better. They have persistently put these issues at or near the top of every voter poll in the last six years of Barack Obama's scandal-ridden, trouble-plagued administration. It's hard to break through and overcome the power of the Washington news media that has worked hard to cover up the Obama White House's blunders....
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WASHINGTON - The news media was ecstatic when the government said in January that the economy grew by 3.2 percent in the last three months of 2013. It was convincing proof, they said on the nightly news, that the economy had finally recovered from its chronic lethargy. But according to a revised estimate released Thursday by the U.S. Commerce Department's Bureau of Economic Analysis, that 3.2 percent figure was a wild exaggeration. The U.S. gross domestic product (GDP), the broadest measure of our country's entire economic output, grew no more than 2.6 percent in the fourth quarter -- a pitifully...
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WASHINGTON - Federal Reserve Chairman Janet Yellen briefed the country Wednesday on the Fed's plans for the economy's problem-plagued recovery, sending Wall Street into a swoon. It was her first news conference as the new head of the nation's central bank, and though she was cautious in her remarks, she suggested that economic data has improved more than many people, and other economists, think. But it was the Fed's plans to start raising interest rates earlier than expected that came as an ice cold shower for the still- sluggish economy and for the stock market. Yellen's remarks, following a report...
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Spring cleaning is a healthy tradition. If only politicians did it! They don't. When Barack Obama ran for president, he promised to clean house, "I'm not a Democrat who believes that we can or should defend every government program just because it's there. There are some that don't work." I cheered when I heard that! But politicians always say they'll get rid of waste. Then, once in power, they spend more . Obama sure has. "We just need to cut back!" said Obama, the candidate. He promised to end "waste at the Economic Development Agency and the Export-Import Bank that's...
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Spring cleaning is a healthy tradition. If only politicians did it! They don't. When Barack Obama ran for president, he promised to clean house, "I'm not a Democrat who believes that we can or should defend every government program just because it's there. There are some that don't work." I cheered when I heard that! But politicians always say they'll get rid of waste. Then, once in power, they spend more . Obama sure has. "We just need to cut back!" said Obama, the candidate. He promised to end "waste at the Economic Development Agency and the Export-Import Bank that's...
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WASHINGTON - Louisiana Gov. Bobby Jindal came up with the perfect name for the Obama economy that you'll be hearing a lot in this year's midterm election campaigns. "After more than five years under this administration, the Obama economy is now the minimum wage economy," the Republican governor told reporters after a meeting he and his gubernatorial colleagues held with Obama at the White House. With his anemic economy still unable to produce enough jobs to put millions of unemployed Americans back to work full-time, Obama is offering a old, threadbare idea to raise the nation's minimum hourly wage to...
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Want an insight on why we’re experiencing the worst recovery since the Great Depression? The US Chamber of Commerce points out that the Code of Federal Regulations has grown at a pace outstripping economic growth — and especially job creation — during the Barack Obama administration, expanding by 7.4%, with a good part of that growth in the first year: Over the past three years, the bound edition of the Code of Federal Regulations has increased by 11,327 pages – a 7.4 percent increase from Jan. 1, 2009 to Dec. 31, 2011. In 2009, the increase in the number of...
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