Category: The Economy

Debt, Debt & More Debt

From The Heritage Foundation: Obama’s Tripling of the National Debt in Pictures This Tuesday the White House released their Mid-Session Review admitting they made a $2 trillion miscalculation in the size of the federal deficit that President Barack Obama’s borrow and spend policies would inflict on our nation. Heritage senior policy analyst Brian Riedl details [...]

Surprise! There’s A Cash For Clunkers Tax

From Right Wing News: Today’s theme is brought to you by the word “consequences.” When dealing with Democrats/liberals/progressives, there are always consequences, the majority of which were never considered when calling for and/or implementing legislation/plans. Another case in point (h/t Blogs For Victory) The Cash For Clunkers program is adding to the activity at treasurers’ [...]

Obama’s Debt Projected to be 23 Times Higher Than Bush’s Largest

From GOPUSA.com: WASHINGTON (AP) — In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. But before President [...]

Taxes for Clunkers: Worst Governmet Program Ever?

From The Heritage Foundation: Is This What Passes for Economic “Success” in the Obama Administration? Celebrating the fact that his administration has blown through $1 billion in deficit spending on the “Cash for Clunkers” program in just one week, President Barack Obama said Friday: “I’m happy to report that it has succeeded well beyond our [...]

Cash for Clunkers, A Case Study in Why Obamanomics Is Failing

From The Heritage Foundation: If you watch television you’ve seen the ads: “So bring in that old jalopy and get up to $4500 towards the purchase of a new or select used vehicle. That’s right get up to $4500 for that old piece of junk, plus you keep the rebates. You have to hurry! Since [...]

Unemployment Still Skyrockets Higher Than Obama Said It Would With Stimulus

From Michelle Malkin: The Obama-conomy: “It’s worse than you think” Of course, it’s all Bush’s fault: The U.S. economy is not only shedding jobs at a record rate; it is shedding more jobs than it is supposed to. It’s bad enough that the unemployment rate has doubled in only a year and a half and [...]

Obama vs. Obama: Stimulus Would Help “Immediately” But Not In Four Months

From RightWingNews.com: President Obama Promised Help “Immediately” How immediate is immediately? Four months later…… AJ Strata: And what little stimulus money that has been spent (more on that at the end) has gone to keeping government bureaucrats in their cozy little jobs doing much of nothing. The private sector (where the vast majority of us [...]

Obama’s Deception About “Saved Jobs,” Impossible to Measure

From The Wall Street Journal: The Media Fall for Phony ‘Jobs’ Claims The Obama Numbers Are Pure Fiction. By William McGurn Tony Fratto is envious. Mr. Fratto was a colleague of mine in the Bush administration, and as a senior member of the White House communications shop, he knows just how difficult it can be [...]

Obama’s Economic Policies Hate Black People

From RightWingNews.com: Were this story to come out between 1/20/01 – 1/19/2009, might the headline not read “Bush’s Economic Policies Discriminate Against Blacks? Unemployment among blacks in New York City has increased much faster than for whites, and the gap appears to be widening at an accelerating pace, new studies of jobless data have found. [...]

Billions In Federal Aid Go to Areas That Backed Obama in ’08

From USA Today Billions in aid go to areas that backed Obama in ’08 By Brad Heath, USA TODAY WASHINGTON — Billions of dollars in federal aid delivered directly to the local level to help revive the economy have gone overwhelmingly to places that supported President Obama in last year’s presidential election. That aid — [...]

Obama: “Without Stimulus, Unemployment Will Hit 9%,” Didn’t Work, Now It Is 9.4%

From RightWingNews.com: Obama’s Plan Didn’t Work In February 2009, the President urged the passage of a grand rescue plan. Fearing certain disaster, he told the country that if they borrowed and spent $787 billion dollars, then everyone would have jobs again. So began President Obama’s saga of spending. With a straight face, the President promised [...]

The Obama Recession

I’ve seen a few charts around like the one below (such as this one), but none of them were ever as complete nor as clear as I would have liked. So, I decided I would take the time put one together myself. Click on the image below to see it full-size. Please feel free to [...]

Obama Funds Foreign Abortion With American Tax Dollars on First Day

On his first day in office, President Obama confirmed that he would indeed issue an executive order on Thursday reversing the Bush administration policy that bans the use of federal dollars by non-govermental organizations that discuss or provide abortions outside of the United States. Today, on the 36th anniversary of the landmark Roe v. Wade [...]

Obama picks Paul Volcker as Economic Advisor

Paul Volker has agreed to lead a new White House economic advisory committee for President-elect Barack Obama [source]. Volker was appointed Chairman of the Federal Reserve by Jimmy Carter in 1979. The Fed Chairman is arguably the most powerful man in the world. Whereas the office of president functions under a system of checks and [...]