Archived Posts from this Category
Archived Posts from this Category
by Peter Ferrara –
Last Friday’s report on economic growth for the second quarter of 2011 completes the burial of Obamanomics. The economy grew a paltry 1.3% for the quarter, with reported growth for the first quarter reduced from a meager 1.8% to a negligible 0.4%. The economy for the entire year so far has actually grown less than the weak growth we thought we had for the first quarter alone.
The growth for the fourth quarter of 2010 was also reduced to 2.3%, meaning that for the last nine months the economy has grown a minimal 1.5%, barely treading water as the weekend Wall Street Journal described it. For comparison purposes, economic growth during the first seven quarters of the Reagan recovery in the 1980s boomed at an average of 7.1%. Economic growth during the first seven quarters of the Obama non-recovery has now been reduced to an average of 2.6%, barely a third as much.
Historically, as the Journal also reiterated, “the deeper the recession, the more robust the recovery.” So the idea that the recovery is so bad because the recession was so bad doesn’t wash. Based on the historical pattern, we should be in the second year of a booming recovery by now. President Obama? instead is mired in three and a half years of stagnation with worse to come. more »
Every price increase of just a dime per gallon of gasoline at the pump extracts approximately $5 billion from the pockets of U.S. consumers over the course of a year.
On top of killing family budgets, with a dollar per gallon jump at the pumps picking our pockets of $50 billion per year, there is on the macro level an inverse relationship between the price of oil and the overall health of the economy — oil price hikes deliver less job growth, less demand for labor, more unemployment, more poverty, more inequality, more inflation, lower real income increases, and smaller advances in the standard of living. more »
by Victor Volsky –
The world is going to hell in a hand basket; Japan, ravaged by an earthquake and a tsunami of biblical proportions, is teetering on the brink of yet another, nuclear, disaster; the Middle East is aflame; the national debt is skyrocketing while Congressional Democrats and Republicans are mud-wrestling over the budget; gas prices are inexorably climbing to the psychologically devastating $4/gallon level — and meanwhile what is the U.S. President doing?
Amid all the turmoil, he discusses an apparently world historical issue of school bullying; honors the 2009-10 Stanley Cup Champion Chicago Blackhawks; delivers a radio address on another all-important subject, “Women’s History Month;” attends a fund-raiser; goes golfing (that darned weather: it was just too nice for the President to resist the temptation of hitting the links — for the 61st time in his two plus years in office); yuks it up with the Washington press corps (pronounced “k-o-r”, not “k-o-r-p-s,” try to remember this, Mr. President) at the annual Gridiron Dinner. And to top it all off, the crowning event in Barack Obama’s busy schedule — drum roll, please! — videotaping his NCAA tournament bracket picks. (Think about it: Obama discusses basketball with authority, which means that he must be spending a lot of time watching the games and listening to sports commentators. Exactly what he was elected for, wasn’t he?) While Rome burned, Nero fiddled. While the world burns, Obama ponders the outcome of a college basketball tournament. more »
by Jeffrey Folks –
In terms of energy policy, as in so much else, the Obama administration is in leaderless disarray. The only thing it seems capable of doing is delaying and shutting down energy production. As soon as some promising new supply pops up, like the shale gas capable of fueling America for the next century, the Obama EPA is there launching an environmental study designed to regulate and restrict it. At the moment when new energy supplies are most needed, there are no plans to increase supplies — only plans to reduce them. One would almost think that this President wants to bring America to its knees.
Meanwhile, for the Chinese and other fast-growing economies, it’s full speed ahead on new energy projects. Chinese oil companies are pursuing new oil and gas exploration on a global scale, even in the mainland U.S. They are buying up oil and gas leases in Asia, Africa, Latin America, Europe, and North America, including just offshore Louisiana in the Gulf of Mexico. more »
by Emily Miller –
Congressional Democrats and President Obama are blocking every effort by Republicans to cut runaway government spending, leaving Washington at a stalemate. Senate Majority Leader Harry Reid (D.-Nev.) even failed to pass a token spending cut last week. House Minority Leader Nancy Pelosi (D.-Calif.) has fought any cut from current spending levels in a Continuing Resolution (CR). And, Obama announced for the second time that he will veto the Republican spending cuts, while he refuses even to negotiate with Congress on the budget.
After months of refusing to cut any spending, Senate Majority Leader Harry Reid (D.-Nev.) finally came out with a Democratic offer to cut spending for this current fiscal year by a mere $4.7 billion. The budget deficit for the current fiscal year is projected to be $1.6 trillion. So, the Senate Democrats’ spending cuts would lower the federal deficit by a mere .004%.
“At a time when Washington is borrowing about $4 billion a day, Democratic leaders want to cut about four and a half billion in government spending for the rest of the fiscal year and then call it a day,” said Senate Republican Leader Mitch McConnell (R.-Ky.). more »
How delicious is irony, how fickle fate?
Just a little more than two years ago, liberals were ecstatic about Barack Obama’s election and Democrats’ control of Congress. Liberal pundits were all atwitter about the brand new Democratic Era that voters had ushered in. America would finally become what America should have been years ago: a European-style social democracy.
Boy, did Democrats misread their mandate! With very little hindsight needed, it’s apparent to all but ideologically-blinkered liberals that the Democrats’ gross overreach isn’t what voters wanted or expected. Voters wanted a redo of the Clinton years. Instead, in the person of Barack Obama, voters got an amalgam of FDR and LBJ with a dash of Neville Chamberlin thrown in. more »
12/15/2010 – Ed Feulner –
After months of “change,” Americans have had enough. An Aug. 8 Rasmussen poll of likely voters shows only 30 percent believe the country is headed in the right direction. Two-thirds (65 percent) think America is on the wrong track.
The same overwhelming majority tell Rasmussen they want smaller government – one that does less, costs less and operates far more efficiently.
Progressives scoff, asserting that Americans want Big Government – they just don’t want to pay for it. Besides, they argue, there are no other options: Conservatives have no ideas on how to address our problems.
They’re mistaken. The proof is found in “Solutions for America,” a comprehensive 54-page guide from The Heritage Foundation that presents more than 120 conservative policy prescriptions to get our nation back on the right track. Some of the recommendations are groundbreaking. Others are familiar. All have one thing in common: They would return power to the people. And, collectively, they will transform America. more »
11/13/2010 – Chuck Rogér –
President Obama called the Democrats’ November 2 loss of sixty-one House seats a “shellacking.” Yet in a day-after press conference, Obama sported a self-absorbed manner, contrived reflection, and a basic misread of the American people. In a “60 Minutes” interview aired four days later, he denied that voters had repudiated his agenda. The president doesn’t understand why a center-right nation would reject a left-wing Obama. This man will not “move to the center.”
The best predictor of future behavior is past behavior. In early 2008, Senator Obama accused businesses of having cultures “rife with inside dealing, questionable accounting practices, and short-term greed.” Only ten months shy of establishing a federal regime rife with inside dealing, questionable accounting practices, and greed, the senator also warned that America’s “real problem is … that the corporation you work for will ship [your job] overseas for nothing more than a profit.” more »
Next Tuesday, Nov. 2, 2010 is not Election Day. It is Referendum Day.
It may be commonplace for commentators to announce that every election is “the most important election in our lifetime” or something analogous. But having never said that of a presidential election, let alone an off-year election, this commentator cannot be accused of crying wolf when I say that this off-year election is not simply the most important of my lifetime. It is the most important since the Civil War.
The reason is that unlike all previous elections, this one is actually a referendum on the direction of the United States of America.
If the Democrats win:
— The American people have announced, consciously or not, that they support the Democratic Party’s “fundamental transformation” — those were President Obama’s words when he campaigned, and he has lived up to them — of America from a liberty-based state of limited government into an equality-based welfare state with an ever-expanding government.
— America will change from a country that emphasizes producing wealth to a country that emphasizes redistribution of wealth. more »
10/26/2010 – Vasko Kohlmayer –
It is Europe’s autumn of discontent. All across the continent, people are taking to the streets to protest the austerity measures of their governments. The governments have to cut for a simple reason: They are broke. They no longer have the money to sponsor the kind of padded lifestyles to which their citizens have grown accustomed. This in turn makes the citizens angry — so much so that they are willing to turn their countries upside-down in order to obtain benefits their governments simply cannot provide.
In France, where the deeply unpopular President Sarkozy is trying to raise the retirement age of 60, things have turned decidedly unpretty. Across the country, cars are getting burned, shop windows are getting smashed, garbage is left uncollected, roads are being blocked, and people are getting beaten up. Nearly one fourth of France’s twelve thousand-plus gasoline stations are suffering shortages. Even secondary schools are being blocked and disrupted. more »
That’s the personal catechism of Obama and his gang. Or, to put it more honestly, “Your property is theft. My property is untouchable.”
Gimme that Air Force One. Gimme that trillion-dollar slush fund. Gimme that vacation in Spain at taxpayer expense. It’s mine! The Clintons even took the White House silverware, remember?
Some people have a monstrous appetite for power and privilege, but they always claim to do what they do from compassion for the little people. Kim Jong-Il in North Korea is starving his people from love of the people. He’s got a Stalinist propaganda apparatus and real concentration camps to make sure that the people actually go along with that. North Korea has the only permanent diet plan in the world that actually works. Has anybody told Michelle? more »
There are among the population of the country Barack Obama has been chosen to lead those who have experienced firsthand the iron fist of a dictatorial government and who have survived the bloodshed that resulted. Tens of millions died during the past century under dictators. Deep within their psyche, these survivors are extraordinarily attuned to those factors that gave rise to the devastation when dictators have their way.
They know that the first step along this path is the emergence of a leader willing to do or say anything to promote a destructive and failed political philosophy and to achieve power by manipulating the emotions, fears, and prejudices of the people. But above all, they are mindful that only by exposing those who are determined to undermine their society, without hesitation or fear, can their nation be saved.
Therefore, on behalf of those of us who have live through the worst of times, and based upon the president’s words and deeds, it must be stated that Mr. Obama is a liar and a demagogue. more »
8/21/2010 – Jeffrey Folks –
Revised numbers from the Labor Department show negative job growth during June 2010. For each job opening, there were five persons looking for work, and 300,000 fewer workers were hired in June than in May. The ride down continues.
Meanwhile, Treasury Secretary Geithner, erstwhile cheerleader for the Obama economic team, announces that unemployment rates could rise “for a couple of months.” “Of course we want to do what we can,” says Geithner, but what we’re doing is just not working. more »
8/23/2010 – Carol A. Taber –
A couple of weeks ago, Sarah Palin suggested that President Obama lacked the requisite “cojones” to stand up for border security. She should have waited.
If she had, she would have seen that President Obama’s lack of cojones extends far beyond border security — it extends to our national security more broadly. President Obama, simply put, has no cojones when it comes to defending and protecting this nation from threats at home and abroad. His leadership style is more waxed chest and eyebrow trim than alpha male; he’s our first metrosexual president, an elitist who believes that sweet-talking and willful blindness to the nature of our enemies are a recipe for a success. more »
The “gift” of criminal illegal immigrants keeps on giving. This is an outrage of massive proportions. Obama must seal the BORDER! Congress must ACT NOW to protect the American people! This kind of travesty cannot continue.
8/5/2010 – Dave Gibson –
Police in Williamsburg, Va., have arrested a juvenile, whose name is being withheld due to his age for repeatedly raping a 6-year-old girl. His arrest comes after two others, Tito Guirao-Aguilar, 39, and Samuel Eli Jacobo-Guirao, 20, were apprehended for victimizing the girl.
Guirao-Aguilar has been charged with three counts of aggravated sexual battery of a person under the age of 13, and Jacobo-Guirao is charged with one count of rape of a person under the age of 13 and two counts of aggravated sexual battery of a person under 13.
Both men are being held in the Virginia Peninsula Regional Jail without bond. Immigration and Customs Enforcement has also placed a hold on them. more »