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Obama’s “Hair of the Dog” Economic Policy Creates Uncertainty, Not Lasting Recovery
The recession that began almost two years ago appears to be finally petering out, as American recessions eventually always do.
Sure enough, as predictably as the sun rising over the eastern horizon, Barack Obama hustled before his teleprompter this week to inform us that “the steps we’ve taken have made a difference.” … |
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Barack Obama – the Rooster Who Claimed Credit for the Economic Sunrise
Quick: Think of the last American economic recession, or even depression, from which we didn’t recover.
Obviously, no such example exists.
Our capitalist, free-market economic system has created more prosperity and human innovation than any other economic system ever conceived or implemented by humanity. The tradeoff… |
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Reckless, Excessive Obama Warns Reckless and Excessive Behavior Won’t Be Tolerated
In a speech setting new lows in hypocrisy this week, a sanctimonious Barack Obama admonished an audience of business leaders in New York that he will not tolerate “reckless behavior” or “unchecked excess.”
It was all a bit like Timothy Geithner or Congressman Charlie Rangel telling an audience that they won’t tolerate… |
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Federal Regulators Repeatedly Failed to Stop Bernard Madoff - But Now Want Even More Control Over Our Lives?
The embarrassing saga of federal regulators’ failure to stop Bernard Madoff’s multibillion-dollar Ponzi scheme despite multiple inquiries and tips provides a very timely lesson.
This week, the Securities and Exchange Commission (SEC) released a 477-page report admitting that it overlooked repeated tips and red flags on Mr.… |
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Anything You Can Do the Fed Can Do Better?
President Obama has now nominated Federal Reserve Chairman Ben Bernanke to a second term as the head of what some call the most powerful unelected body in the world.
Bernanke has received praise for his efforts to ease the recession and to loosen credit markets in the wake of the recent financial crisis. However, a vocal minority of critics have begun… |
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Taking Stock of the Obama Revolution
During a press conference at April’s G-20 Summit in London, President Obama said, “I'm the President of the United States … so I have a direct responsibility to my constituents to make their lives better. That's why they put me in there. … And I will be judged by my effectiveness in meeting their needs and concerns.”… |
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Obama’s Latest "Never Mind" - $2 Trillion Deficit Recalibration
Is Barack Obama capable of saying anything that Americans can trust?
That question accrued even greater prominence this week after the White House recalibrated its ten-year budget deficit projection from $7 trillion to $9 trillion.
Just three months ago, when Obama completed the official release of his proposed 2010 budget, he forecast… |
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The Supposed “Obama Recovery” May Prove a Sugar High
This month, the United States Department of Commerce reported that America’s gross domestic product (GDP) contracted at a 1% rate during the second quarter, the slowest level of contraction in one year, following a 6.4% contraction in the first quarter and a 5.4% contraction in the fourth quarter of 2008. It’s still an economic decline,… |
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If at First You Don’t Succeed, Spend and Spend Some More
Potomac Fever: some would define it as a determination to share in the power and prestige of the federal government. Others might characterize it with words like obstinance, incorrigibility and simple pig-headedness.
Undoubtedly, Washington loves power. But when it comes to admitting the error of its ways, ignorance is bliss… |
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Broken Political Promises Mean Tax Hikes
It is one of the most iconic broken promises in politics: “Read my lips, no new taxes.”
After breaking that campaign promise, President George H.W. Bush effectively destroyed any political capital he had with conservatives and everyone else who was slapped with Bush’s higher tax rates. Yet despite that political lesson, little has… |
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Obama Is Taking an Economic Flu Patient and Giving It Pneumonia
On November 4, 2008, the day Barack Obama was elected President, the Dow Jones Industrial Average stood at 9,625.
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Help Wanted: How You, Too, Can Profit from Pork and Earmarks
So you don’t have a job. Or maybe you do and just want a change.
You missed the banking, auto maker and insurance bailouts. You couldn’t get to Miami fast enough to be the thousandth person in line for the 30 firefighter jobs. You can’t wait several years for the jobs promised by the so-called “economic stimulus&rdquo… |
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