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 »
by Selwyn Duke –
Increasingly, it seems that the American flag is joining toy guns and dodgeball on the banned-from-school list. And the latest story on this front involves The Butterfield Elementary in Orange, Massachusetts, where a teacher told an eleven-year-old boy that he may not hang his depiction of Old Glory because it might “offend” another student.
The boy, Frankie Girard, had drawn the picture in art class but then found that his teacher didn’t share his patriotism. Says his father, John, “He was denied hanging the flag up. And he asked if he could just even hang it on his desk, and he was told no. He could take the picture that he drew and take it home and be proud of it there.”
I guess patriotism has joined piety as a “private matter.” (Leftists tend to confuse closets with shelves. Everything that should be in the former, they display; everything that should be on the latter, they hide.) 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 Bruce Walker –
The political courage shown by Governor Walker and Republican legislators in Wisconsin should be an object lesson to all conservatives: Be bold! Those who oppose us, those who have infested the institutions of American life and the organs of American government, and those who live at the expense of our sweat and our pride will show us no quarter. While our war for the soul of America is peaceful in the sense that it involves no physical violence, it is still total war.
The nauseating comments by the leftists overlords of NPR about the Tea Party show how much these leftists hate and fear us. The indecent firing of Juan Williams was more evidence of the willingness of the intolerant left to fight without scruple against anyone who does not slavishly follow the party line — even those who still sincerely believe some bits and pieces of leftist mythology. The scurrying Democrats from the Wisconsin Senate show contempt not just for Republicans, but also for the voters who elect them. The thuggish behavior of Wisconsin schoolteachers shows that we cannot assume that these hirelings are honorable. more »
With a bold political announcement, President Barack Obama has completed the trifecta — de facto coups which bring into his White House the powers and functions of the other two branches, as outlined in our Constitution.
That document assigns the legislative function to Congress, but the Executive Branch blithely and routinely co-opts that power by run-arounds and choosing to enforce or not enforce duly passed laws of the Legislature.
Notable examples in the scant couple of years The One has been in office include: refusal to enforce voting laws against intimidation at the polls in Chicago, efforts to use the regulatory functions of the EPA to circumvent the specific legislation of Congress to ban cap-and-trade, refusal to enforce immigration laws, and attempts by the FCC to regulate matters banned from its jurisdiction by law. more »
As I pondered the direction our government had taken over the previous year, I looked at the definition of socialism by typing “define: socialism” into Google. The first definition presented was from Princeton’s wordnet and read as follows: “a political theory advocating state ownership of industry.” The definition feels woefully lacking.
Ownership denotes control, and the state is certainly getting into the business of controlling industry. Our government has exerted control over enterprise via legislative fiat more over the last year than at any other time since FDR’s power-grab during the Great Depression. From the thousands of pages of ObamaCare to the thousands of pages of the Dodd-Frank “financial reform” bill, government power is firmly entrenched in business, and it is expanding. The more regulations the state adds, the more control it exerts. 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 »
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 »
9/20/2010 – N.C. Aizenman –
Some of the country’s most prominent health insurance companies have decided to stop offering new child-only plans, rather than comply with rules in the new health-care law that will require such plans to start accepting children with preexisting medical conditions after Sept. 23.
The companies will continue to cover children who already have child-only policies. They will also accept children with preexisting conditions in new family policies. …
Three insurers – WellPoint, Cigna and CoventryOne – all cited uncertainty in the health insurance market for their decisions. That incertitude and the resulting decision of other insurers to drop their child-only plans, according to WellPoint spokeswoman Kristin Binns, “has created an unlevel competitive environment.”
CoventryOne spokesman Matthew D. Eyles said that the insurer was facing “unique challenges that could undermine our ability to offer value and meet our continued obligations to existing policyholders.” more »
Vladimir Lenin had a much simpler time of it. Following the October Revolution, he swiftly nationalized nearly all industry, commerce, and agriculture in the Soviet Union. Those who opposed the takeovers, such as those millions of small landowners known as the kulaks, were executed or sent to die in Siberia.
American leftists are far more civilized. Rather than send landowners and stockowners to Siberia, they simply raise federal and state taxes to combined marginal rates of 60% and subject the rest to estate taxes after the owner dies. If the owner fails to pay up, he is marched off to prison. Meanwhile, corporations are subject to another form of control: the tyranny of activists on government agencies that view the private sector as the means of social change. more »
7/30/2010 – Ernest S. Christian & Gart A Robbins –
The Internet is a large-scale version of the “Committees of Correspondence” that led to the first American Revolution — and with Washington’s failings now so obvious and awful, it may lead to another.
People are asking, “Is the government doing us more harm than good? Should we change what it does and the way it does it?”
Pruning the power of government begins with the imperial presidency. more »
7/23/2010 – Michelle Malkin –
“Why do they hate us?” It’s a burning question on the minds of border-dwelling taxpayers, small-business owners, farmers, and Rocky Mountain oil and gas industry workers suffering under punitive Democrat policies. Eighteen months into the Barack Obama administration, the war on the American West is in full swing.
The first battlefront: immigration. On Wednesday, Senate Democrats rejected a GOP amendment banning the use of federal funds to participate in any litigation against the new Arizona immigration enforcement law. more »
Obama’s poorly coded message to investors is to take your money out of America and keep it out. Whether through excessive taxation, suffocating over-regulation, or thuggish confiscation, the lesson to be drawn by anyone with excess capital is to look for friendlier places to put it to work.
The list of friendlier places excludes North Korea, Venezuela, and Iran for the time being, but almost everywhere else qualifies. Russia’s president spent several days in Silicon Valley recently looking for adventurous investors and came away with a $1B commitment from Cisco Systems. For Cisco, sitting on a cash hoard of $30B, with years of experience partnering with the burgeoning Russian venture capital industry, the decision was probably not a very tortured one. And what a perfect opportunity for Cisco’s CEO John Chambers to keep his cash as far from Obama’s collection agencies as possible. more »