On the heels of Friday's unsettling jobs report from the Labor Department, we can now judge the performance…
CFIF on Twitter CFIF on YouTube
Image of the Day: Biden, Pelosi and Schumer Faceplanted On Jobs in 2021

On the heels of Friday's unsettling jobs report from the Labor Department, we can now judge the performance and promises of Joe Biden and the Pelosi/Schumer Congress against actual reality.  They promised 10.3 million jobs would be created in 2021 if their massive spending and regulation blowout passed, versus 6.3 million jobs if their agenda wasn't passed.  So how did it turn out?  Their agenda was passed, but only 6.1 million jobs were created as the U.S. economy slowed and struggled to recover from the Covid dip, as AEI's Matt Weidinger highlights.  They apparently made things worse, not better, illustrating the sardonic adage, "Don't just do something - stand there."

 

[caption id="" align="alignleft" width="905"] BIden Jobs Performance: Worse Than Doing Nothing[/caption]…[more]

January 10, 2022 • 10:13 AM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Taxes & Economy
Title Filter     Display # 
# Article Title
211 Here Come the VAT, the Mother of All Taxes

The Value Added Tax (VAT) cat is finally creeping out of its bag.  No longer is it just those hysterical rumor-mongers like columnist Charles Krauthammer speculating on the next national tax to be imposed by the Obama administration.  Now it’s none other than Obama economic adviser Paul Volcker telling the New York Historical Society…

212 SEIU’s Andy Stern: A Budget Vulture Feasting on the Public’s Nest Eggs

With annual federal budget deficits projected to top $1.6 trillion for the foreseeable future, President Barack Obama thinks appointing Andy Stern, head of the Service Employees International Union (SEIU), to help create a plan to balance spending with revenue is a good idea.  Consider Stern’s qualifications.  He owns an Ivy League…

213 Deficits Are a Symptom … Not the Disease

The two biggest stories out of Washington last week made for a bizarre bit of political synchronicity.    On Thursday morning, President Obama announced the creation of a new bipartisan commission aimed at reigning in the national debt – a move largely seen as a reaction to growing agitation on the issue from fiscally conservative…

214 “From Keynesian to Ponzian” – Obama’s Stimulus One Year Later

“America continues to move from Keynesian to Ponzian economics.”  So said former chess champion Garry Kasparov in his February 13 Wall Street Journal commentary. Kasparov’s observation was particularly timely, since this week marks the one-year anniversary of Barack Obama’s $787 billion “stimulus” bill. …

215 Obama Blames His Record Deficits On Bush. He’s Not Being Honest.

Three years after George W. Bush left office, it will still apparently be all his fault in 2011.  This week, Barack Obama unveiled his proposed 2011 budget and was forced to acknowledge a record $1.6 trillion deficit for 2010.  Naturally, the increasingly-petulant Obama couldn’t resist his urge to scapegoat Bush in his official announcement…

216 Latest Data Suggests Obamanomics Continues to Stifle Rebound

It appears that the worst of our recent economic downturn may be behind us.  Unfortunately, the latest economic data continue to suggest that our recovery is weaker than it otherwise should be, due to malignant federal policies.  We and other conservative commentators have noted that all American recessions eventually come to an end, and…

217 Congress to Raise Debt Ceiling: Why You Should Care

For most people, “deficit spending” and the “national debt” are nothing more than fancy terms of art thrown around by Ivy League economists and Washington elites, incomprehensibly large numbers with which only certified smart people concern themselves.  Who really cares that the House of Representatives this week voted…

218 Jobs for Us or Jobs Being Done On Us?

If you are like most Americans, you probably did not hear about the Obama Administration’s “jobs summit” last Thursday until you got home that night, if at all.  That’s what happens when the government schedules a meeting about how to create jobs during normal business hours.  The only folks able to attend are those…

219 Death, Taxes ... and More Taxes

It has been said that taxes are the price we pay for living in a civilized society.  If that’s true, with the federal government collecting over $2 trillion in taxes this year, civility must be at an all-time high. Unsatisfied, however, the House of Representatives took another swing at the tree of liberty this week when it increased the Death…

220 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.” …

221 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…

222 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…

223 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.…

224 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…

225 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.”…

226 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…

227 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,…

228 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…

229 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…

230 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.

231 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…

 
Page 8 of 8
Quiz Question   
In what year did Congress pass a law that requires voter identification to register to vote in federal elections?
More Questions
Notable Quote   
 
"According to the election calendar, Joe Biden has three years remaining in his term. According to political reality, his presidency is over, kaput, finished.It ended last week because of an accumulation of serious wounds, most of them self-inflicted. The final blow came from a boomerang after the president who campaigned as a decent man and uniter declared his opponents traitors and racists.Included…[more]
 
 
—Michael Goodwin, New York Post Columnist
— Michael Goodwin, New York Post Columnist
 
Liberty Poll   

Do you believe the Biden/Schumer gambit to nuke the Senate filibuster will be successful?