We note in our Lunchtime Liberty Update this week that the Obama Administration's class warfare campaign…
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Barclays Capital Study Echoes CFIF on the Danger of Raising Taxes on "The Rich"

We note in our Lunchtime Liberty Update this week that the Obama Administration's class warfare campaign targeting "the rich" will inflict further harm on our economy.  Not only would such tax increases hit small businesses (which create most new jobs in America) particularly hard, it would also penalize the income segment that accounts for 1/3 of consumer spending, which itself accounts for 2/3 of the nation's economy. Confiscating even more of those dollars may sound fine on a teleprompter, but it will bring destructive consequences in the real world.

Now, a new study by Barclays Capital highlights another potential harm.  According to their analysis, Obama's plan will cause a 9% drop in the S&P 500 and a 900-point drop in the Dow Jones Industrial Average.  As noted in this morning…[more]

July 30, 2010 • 01:12 pm

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'Twas the Week Before Christmas* Print E-mail
By CFIF Staff
Thursday, December 17 2009


'Twas the week before Christmas, when Congress met,

So eager they were, to pile on the debt;

They knew it was wrong, deep down in their core,

But golly gee whiz, they must spend, spend some more;

With constituents distracted by holiday cheer,

Why, this was their chance, to spend more this year;

So the politicians huddled, they plotted, they planned,

$1 trillion, $2 trillion, how much could they scam?

And that’s when it happened, Reid and Pelosi stood up,

“What’s another $2 trillion, the voters are chumps!”

They raised the debt ceiling with nary a care,

And once that was done, they didn’t stop there;

More rapid than eagles, agendas were set,

They whistled and shouted, “No, we’re not done yet!”

“On health care, on taxes, on Carbon Cap-and-Trade,

“We’ll say it’s the rich, but everyone pays!”

“And for those who oppose us,” Reid and Pelosi insist,

“One call to the White House, you’re on the enemies list!”

And so they proceeded with their devilish plans,

Big government to all, constituents be damned.

###

* With apologies to Clement Clarke Moore.

Question of the Week   
In 1967, Teamsters Union President Jimmy Hoffa was jailed on a 13-year sentence for jury tampering, fraud and conspiracy. Which one of the following Presidents commuted his sentence?
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Quote of the Day   
 
"House Speaker Nancy Pelosi is the world’s worst cleaning lady. How has she fulfilled her vaunted promise to 'drain the swamp' and preside over the 'most ethical Congress in history'? By shrugging her shoulders, downplaying the gravity of myriad ethics charges against corruptocrat Democrat Rep. Charlie Rangel and waiting for the 'political chips' to 'fall where they may.'  Imagine a custodial…[more]
 
 
—Michelle Malkin, Syndicated Columnist
— Michelle Malkin, Syndicated Columnist
 
Liberty Poll   

Following President Obama's appearance on "The View," which television show should he appear on next?