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Yet another magical economy tour went about as well as you’d expect

Weak Economyby Ed Morrissey

Three weeks ago, Barack Obama launched a cross-country speaking tour to boost his economic policies, a campaign that included an appearance on The Tonight Show with Jay Leno. The President hoped to build momentum for the fall session and the upcoming budget fight by going over the heads of Congress during their summer recess. Instead, Gallup finds that Obama’s approval ratings on the economy — and practically everything else — sinks the more he campaigns:

Despite President Barack Obama’s renewed focus on the nation’s economy this summer, crisscrossing the country to talk about job creation, he scores worse with Americans on the economy than he did in June. His approval rating on the issue, now 35%, is down seven percentage points, and his ratings on taxes and the federal budget deficit are each down five points. During the same period, his overall approval rating is down three points. [Read more...]

The Case for Stopping ObamaCare Has Never Been Stronger

Obamacare NeedleHealth Overhaul: Republicans are fighting over a government shutdown when they should be telling a receptive public that if ObamaCare takes effect, the result will be massive taxpayer fraud and privacy violations.

News accounts have focused on GOP threats to block any ObamaCare implementation funds in next year’s spending bills, even if that risks a presidential veto and a government shutdown.

That, naturally, has sparked a public debate among Republicans not over the merits of stopping ObamaCare, but over the political fallout of such a high-stakes face-off. Sen. Richard Burr, R-N.C., called it “the dumbest idea I’ve ever heard.” [Read more...]

ObamaCare now even more unpopular … and with good reason

by Stephen F. HayesObamacare Opt Out

It’s been one year since the Supreme Court decision that allowed Obama administration officials to begin implementing the Affordable Care Act, and the frequency and volume of reports about the challenges facing those reforms—and the difficulties they are visiting on those who were supposed to benefit from them—are increasing dramatically.

Jeff Vernon, an employee of Scrambler Marie’s restaurant in Toledo, Ohio, told a local reporter that the owners were cutting his hours to avoid penalties under Obamacare. Businesses with more than 49 employees have to offer insurance to all “full-time” workers—defined as those who put in 30 hours or more each week. The result, for Vernon: $400 less in take-home pay every month. “That leaves me $27.50 for two weeks to live off of,” he explained. Vernon said the owners tried to avoid the cuts but didn’t have any other recourse. “They were real good about that,” he added. “The last thing they wanted to do was cut people. They don’t want to fire anybody.” [Read more...]

Carbon Taxes and Leprosy: The opportunity of a life time? Who are they kidding?

by George Landrith   carbon tax

It is not surprising that there are liberals in Washington proposing new stealth carbon taxes. What is surprising is that a few “conservatives” support the idea. Even more inexplicable is the fact that some have called the carbon tax a “once in a generation opportunity.”

Let me see if I’ve got this right. A huge, gargantuan tax increase — one that would make everything cost more — is a “once in a generation opportunity?”

Every single day for the last 30 years and every single day for the next 30 years, liberals will crawl over top of each other to be the first one to sign-on to a new energy tax. This is a deal that liberals will always be willing to give. [Read more...]

The economy, jobs, and energy and carbon taxes

George Landrith, president of Frontiers of Freedom, issued the following statement:   GL Speaking 1

The economy is not some theoretical concept or ivory tower idea. A strong economy means that Americans have jobs and growing incomes. It means that families can provide their children with the care and opportunities that will provide for a bright future. Conversely a weak economy means fewer jobs and less opportunity. It means lower incomes and it means that families have to do without.

Too often big government slows the economy by taxing and spending too much. Those who support more and more government taxes and spending always argue that government can do something good with the money. But the problem with that argument is that families and businesses also can do a lot of good with that money if government doesn’t take it away from them. [Read more...]

Margaret Thatcher’s Eulogy for President Reagan

“Nothing was more typical of Ronald Reagan than that large-hearted magnanimity, and nothing was more American.”

by Margaret Thatcher

We have lost a great president, a great American, and a great man, and I have lost a dear friend.

CHEERFUL, FRESHNESS, OPTIMISM

In his lifetime, Ronald Reagan was such a cheerful and invigorating presence that it was easy to forget what daunting historic tasks he set himself. He sought to mend America’s wounded spirit, to restore the strength of the free world, and to free the slaves of communism. These were causes hard to accomplish and heavy with risk, yet they were pursued with almost a lightness of spirit, [Read more...]

BOOK REVIEW: ‘Becoming Europe’

“Suffocating supranationalism of the European Union marches on . . . . Washington is already on the path to Brussels, Paris and Athens, but it still has an opportunity to reverse course.”

Book review by Nile Gardiner

BECOMING EUROPE: ECONOMIC DECLINE, CULTURE, AND HOW AMERICA CAN AVOID A EUROPEAN FUTURE, by Samuel Gregg, Encounter Books, $25.99, 384 pages.

“Socialist governments traditionally do make a financial mess,” declared Margaret Thatcher in a television interview before she became Britain’s prime minister. “They always run out of others people’s money. It’s quite a characteristic of them.” [Read more...]

Ronald Reagan, “Our Noble Vision: An Opportunity For All”

“You cannot create a desert, hand a person a cup of water, and call that compassion. . . . And you cannot build up years of dependence on government and dare call that hope.” 

by Scott L. Vanatter

Before his first term was complete President Reagan restored the American economy and revived the American spirit. The power and focus of his words and his policies returned America to its true identity and destiny.

Soaring rhetoric must be supported by real accomplishment. Otherwise the words are empty, the sentiment is trite. Too often national leaders only give lip service to the lofty principles which Reagan carefully and continually taught. Worse, when some leaders overtly deprecate the Founding principles, America fails to preserve and advance our precious freedoms. Tyranny is never more than a generation away from falling on us. Americans need to continually self-inoculate against a creeping tyranny. [Read more...]

Clinton Era Taxes and Clinton Era Spending

by George Landrith

With the budget and fiscal crisis facing the United States and difficult economic times surely ahead for the foreseeable future, President Barack Obama has vociferously argued that Republicans must agree to tax increases. He argues for what he terms are modest tax increases on the wealthiest Americans that are equal to the tax rates during President Bill Clinton’s time in office. Why is Obama only interested in Clinton era tax rates, but not Clinton era federal spending rates? [Read more...]

Fiscal Crisis: Failing the Details, Math and Leadership Tests

fiscal cliffby George Landrith

President Barack Obama repeatedly chided Mitt Romney’s budget plan during the presidential campaign on at least two grounds: (1) it lacked detail, and (2) the math didn’t add up. Perhaps, we should use these two standards to see how Barack Obama’s plan stacks up. There is more than a little irony in Barack Obama criticizing others for not providing details or for their math not adding up. Obama has always been short on details and his math has almost never passed even the straight face test, much less actually adding up.

Nonetheless, let’s apply these two standards — (1) are there sufficient details? and (2) does the math add up? — to evaluate Barack Obama’s proposals for solving the so-called fiscal cliff. [Read more...]

Mandates, Taxes, Spending Cuts and Crazy Talk

by George Landrith

After a long, tough campaign, Barack Obama won reelection by a slim 51% to 49%. Now Obama is claiming a broad mandate to increasing taxes and demands that Congress yield to his view that there must be a higher tax burden for the wealthiest Americans.

Obama is correct that he made tax increases an issue during his reelection campaign. But so did the Congressmen who comprise the majority in the U.S. House of Representatives. GOP Congressmen won reelection opposing tax rate increases on any Americans. [Read more...]

Gas prices are up because of Obama’s offshore ban

gas-pumpby Phil Kerpen

In the Hofstra presidential debate, President Obama said: “when I took office, the price of gasoline was $1.80. Why is that? Because the economy was on the verge of collapse.” Wrong. Prices collapsed because we signaled to the world that we were finally moving forward with developing America’s massive offshore oil and gas resources — and they shot back up when Obama reimposed the offshore ban.

Obama’s ridiculous story that the doubling of gasoline prices under his watch is a result of economic recovery doesn’t fit the facts. [Read more...]

Obama has no idea how the economy works

If Obama Frownthe last four years were not convincing enough, President Obama proved during Tuesday night’s debate that he has no clue how the economy works. His stated economic proposals are nothing but reheated talking points from 2008, and they are as unrealistic now as they were then.

Despite his falsely professed faith in markets, the President shows by his actions and policy proposals that he really believes the only way economies thrive is when they are directed by government policy-makers and bureaucrats who are empowered to choose the “correct” economic outcomes. [Read more...]

Obama doubles down on failed green energy projects

by Andrew StilesObama Solyndra

President Barack Obama appears to be doubling down on his policies of using taxpayer money to finance green energy investments despite an increasingly spotty track record.

“We’ve got to control our own energy, you know, not only oil and natural gas, which we’ve been investing in, but also, we’ve got to make sure we’re building the energy source of the future, not just thinking about next year, but 10 years from now, 20 years from now,” he said during Tuesday night’s presidential debate. “That’s why we’ve invested in solar and wind and biofuels, energy-efficient cars.” [Read more...]

Presidential election: Who can ignite economic and job growth?

By Charles R. Schwab

Every American voter is approaching a critical decision. Of the two presidential candidates before us, who is best suited to lead our nation through the next four years?

The answer to that question is a simple test: can they ignite economic growth? The economic crisis we face is our greatest threat, affecting every American. For investors – and today over half of Americans are investors in some form – this issue is particularly pressing as it impacts not just their financial situation today, but also their retirement and other long-term goals. Economic growth is the only ingredient that will help pull the country out of its present funk and allow us to solve our pressing issues. [Read more...]

Economy, Debates Reveal Obama, Biden Haven’t Got What It Takes

by Peter MoriciMorici

This election should be about the economy — the recovery is too slow and Americans are hurting. The performances of President Obama and Vice President Biden in the debates on the campaign trail tell us why. Both say endlessly that they inherited a huge mess, but Americans have seen challenges like these before — and with better leaders, they licked those more quickly.

When Mr. Obama took office, financial markets were in turmoil. Unemployment peaked at 10% in October 2009. [Read more...]

Obama’s Weak Economy: Five Reasons

by Scott L. VanatterAn Incomplete

What kind of economy did Obama inherit? Brit Hume put it this way:

“A central premise of the Obama campaign is that he inherited an economy in free fall, pulled it back from the brink and set it on the right path. But consider this. The economy fell into recession more than a year before Mr. Obama took office. By the time he was inaugurated the worst of it was over, the economy was still shrinking, but the steepest decline had occurred in the final quarter of the year 2008. It shrank less in the first quarter of 2009 and by June of ‘09 it began to grow again marking the official end of the recession. Mind you, this occurred before almost any of the massive stimulus spending Mr. Obama has signed into law had taken affect. ‘Yes,’ you might say, but in terms of job losses the worst was still to come when Mr. Obama came in.’ But that’s not so either. More than half the 8.7 million jobs lost as a result of the recession had been lost by inauguration day.” 

 How weak is Obama’s economic recovery? [Read more...]

Jack Welch was right about that strange jobs report

Last Friday, a few days after Obama’s debate debacle, the Administration released a jobs report that claimed 114,000 jobs were created. That number is well below the number of jobs needed just to keep up with population growth. It is also well below the average for the past two years. Yet we are to believe that those anemic and pathetic jobs numbers caused the biggest one month drop in unempoloyment in 29 years. That simply does not add up. The math does not work. There is something wrong with the report. Perhaps it was an innocent mistake or some weird statistical anaomoly. But it would be foolish to assume that. The more likely explanation is that the administration monkeyed with the numbers to make them look good and give Obama some much needed relief as his campaign was in free fall.

Below is what Jack Welch has to say about the jobs report and the media’s attempt to cow him. Very interesting reading! And very revealing!  [Read more...]

Princeton Economist: Romney Tax Plan Mathematically Sound

by Tony Lee

Bill Clinton, President Barack Obama, and liberal think tanks have claimed Mitt Romney’s plan to cut tax rates across the board by 20 percent is bad arithmetic, but a Princeton economics professor, Harvey Rosen, examined Romney’s proposals in a paper and concluded Romney’s plan would work. The economy would have to grow by 3 percentage points more over the term of his plan than it would have without his plan. [Read more...]

The Sluggish Economy

The Sluggish Economy: The September jobs report shows a net increase of only 114,000 jobs – a number far below even the anemic jobs numbers of the past two years and well below what is needed to keep up with population growth. Thus, one would expect the unemployment rate to go up slightly or stay at 8.1 percent. However, somehow the Obama Labor Department claims those pathetic numbers lowered the jobless rate to 7.8. Sounds like magic math. Other polling services who track unemployment say the rate of unemployment went up slightly in September, not down. Who are you going to believe? Obama’s Labor Department? Or your own eyes?