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    Ronald Reagan Tribute Video — 2012 Gala
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5 years later: How’s that Wreckovery working out for ya?

stimulus-responseby Michelle Malkin

On Feb. 17, 2009, President Obama promised the sun and the moon and the stars. That was the day, five years ago, when he signed the $800 billion “American Recovery and Reinvestment Act.” President Modesty called it “the most sweeping economic recovery package in our history.” He promised “unprecedented transparency and accountability.” He claimed the spending would lift “two million Americans from poverty.” Ready for the reality smackdown?

The actual cost of the $800 billion pork-laden stimulus has ballooned to nearly $2 trillion. At the time of the law’s signing, the unemployment rate hovered near 8 percent. Obama’s egghead economists projected that the jobless rate would never rise above 8 percent and would plunge to 5 percent by December 2013. The actual jobless rate in January was 6.6 percent, with an abysmal labor force participation rate of 63 percent (a teeny uptick from December, but still at a four-decade low). [Read more...]

Ronald Reagan, “What Ever Happened to Free Enterprise”

“Will we, before it is too late, use the vitality and the magic of the marketplace to save this way of life, or will we one day face our children, and our children’s children when they ask us where we were and what we were doing on the day that freedom was lost?”

by Scott L. Vanatter

Before he was elected president Ronald Reagan delivered a series of speeches on various aspects of the American experience. He focused on core principles: our founding, our freedoms, our economy, and especially and repeatedly on the great promise of our being the Shining City on the Hill.

Thirty-five years ago this month, on November 10, 1977 , the future president spoke at the Ludwig Von Mises Memorial Lecture at Hillsdale College, Michigan. His remarks were titled, “What Ever Happened to Free Enterprise.” [Read more...]

If Obama Loses, Part II

Part II, Job Prospects?

by Scott L. Vanatter

In part one, I discussed whether racial recriminations or even riots will follow an Obama loss. Short answers, respectively, probably yes, and probably not. American has indeed progressed. Well . . . except certain liberal commentators.

Here in part two, after reviewing a bit of his history and current predicament, I discuss what Obama will do if he loses in November. In part three, I will delve into whether he will run for president again and if so, when?

Barack Obama made history when he was elected the first black man as president of the United States. It was a perfect moment in U.S. history, a perfect storm of a unique set of events, circumstances, and personalities. All combined to set up Obama to essentially coast to an easy victory. “Don’t worry,” he famously said a few weeks prior to winning, “We got this.” Obama is nothing if not confident.

[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...]

Fact-checking President Obama

by George Landrith

Let’s fact check President Barack Obama’s debate statements. He spent a lot of time since the first debate and during the second debate complaining that what Gov. Mitt Romney said wasn’t true. Yet, the facts do not support Obama’s claims. Here is the proof on Obama’s poor record on truthfulness during the second debate:

The attack in Libya — a terrorist attack? Or a spontaneous protest that got out of hand because of an offensive internet video?

On the issue of Libya, Obama said, that the day after the Sept. 11, 2012 attack on the American Consulate in Benghazi, “I stood in the Rose Garden and I told the American people and the world that we are going to find out exactly what happened. That this was an act of terror and I also said that we’re going to hunt down those who committed this crime.”

Romney challenged Obama’s characterization that he had identified the Benghazi attack as terrorism on day one. Obama doubled down. Just as Romney was about the snare Obama in his lie,  the the moderator erroneously sided with Obama and claimed that he had identified the attack as terrorism. After the debate, the moderator admitted that she was wrong and that Romney was correct. But let’s not rely on her retraction and correction, let’s go straight to the record. [Read more...]

The most divisive President: A presidency wasted

by Victor Davis HansonDivisive President Obama

The Obama narrative is that he inherited the worst mess in memory and has been stymied ever since by a partisan Congress — while everything from new ATM technology to the Japanese tsunami conspired against him. But how true are those claims?

Barack Obama entered office with an approval rating of over 70 percent. John McCain’s campaign had been anemic and almost at times seemed as if it was designed to lose nobly to the nation’s first African-American presidential nominee. [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...]

Biden’s Debate Deceptions

During the debate, Paints on FireVice President made history by surpassing Al Gore for bad, boorish, and rude behavior. He laughed uncontrollably, signed, groaned, and laughed some more and engaged in generally childish antics throughout the debate. Biden’s rude and unprofessional behavior overshadowed the substance of what he said.

But as bizarre and unbalanced as his behavior was during the debate, the substance of what he actually said was perhaps the most troubling. Here are a short list of several of the most obviously false things that Biden said:

1.  Afghanistan and Iraq:  Biden accused Rep. Paul Ryan of putting two wars on the “credit card” and then bragged that he voted against both of them because he understood America could not afford them. “I was there, I voted against them,” Biden said. “I said, no, we can’t afford that.” But the truth is Sen. Biden voted for the Afghanistan resolution on Sept. 14, 2001 the Iraq resolution on October 11, 2002. It takes some brass to tell whoppers like this one! [Read more...]

Three Things Obama Must Overcome for the Next Debate

Lack of Desire, Knowledge and ConfidenceObama defeated

by Scott L. Vanatter

Why was Obama just not that into it (the debate)? Three possible reasons include a lack of desire, a lack of knowledge of basic economic principles, and being intimidated by Romney’s real world expertise.

Obama sounded so disjointed in the first debate that mainstream media supporters such as Chris Matthews and Andrew Sullivan nearly had an emotional breakdown on camera and online. They are only two who wondered aloud why Obama seemed so incoherent. Obama’s bizarre manner that night almost resembled the infamous beauty pageant contestant of a few years ago or the reporter who had a mini-stroke on camera, so rambling were some of his answers. Surely in the next debate, Obama will up his game. At least he will appear to want to debate. [Read more...]

B.O. K-O-ed

By Jim Geraghty • NRO

We knew Mitt Romney would be prepared — his campaign has had him doing only one rally per day most days, spending hours and hours on debate prep. From watching the primaries, we knew Romney would come out and be aggressive and generally look good, but we have also seen Romney be stiff, or awkward, or turn to the moderator when attacked. Not tonight.

The “zingers” line appeared to be a bit of chaff; Romney did offer a few good lines — “You don’t pick the winners and losers, you just pick the losers,” “trickle-down government” — but he never seemed to force them or shoehorn them into lines. [Read more...]

A serious president? No, an absentee president

by George Landrith

We already knew that the economy is sluggish and in trouble. But now we learn that the economy is far weaker than previously understood. But that is not the only unflattering truth that has come to light. Our foreign policy and national security are also in far worse shape than we understood even a few weeks ago.

It isn’t just that job growth isn’t even keeping up with population growth. It isn’t just that the Federal Reserve has effectively thrown in the towel and admitted that there is no recovery. [Read more...]

The best analysis of the week …

“Name a single thing that has improved under [Obama’s] rule….romney-obama

“Almost the entirety of the Muslim world is now rioting against an American president who promised that his olive branches to Muslims would secure peace….

“Domestically, our debt has increased by 50 percent in just four years, by some $5 trillion, with not a single observable benefit from the spending. Our bond rating already has been downgraded….

[Read more...]

Forward? No, we’re going backward

by George Landrith

President Barack Obama and Vice President Joe Biden never miss a chance to tell us that the economy is moving in the right direction. They claim they need more time to pull the nation out of the recession that began in 2008.

There are several problems with this line of argument. First, Obama said he would solve this problem in his first term and cut the deficit in half. He told us if he didn’t solve the problem, he would be a one-term president. Second, Obama ran for office knowing the economy was bad and he won because he convinced more voters that he would fix it. Obama got everything he wanted in his first two years because he had a compliant Democrat Congress. He spent hundreds of billions of dollars in stimulus and bailouts.  The only verifiable result is massive debt that saddles the economy and slows future growth. Third, the biggest problem with claiming that Obama is moving us forward is that it is not true. In fact, things are getting worse. [Read more...]

Saved GM? Really? GM is losing $49,000 on each Volt it builds

by Bernie Woodall and Paul Lienert and Ben Klayman (Reuters)

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce. [Read more...]

Saved General Motors? It Is Headed For Bankruptcy — Again

by Louis Woodhill

President Obama is proud of his bailout of General Motors.  That’s good, because, if he wins a second term, he is probably going to have to bail GM out again.  The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company.  It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday.  This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion. [Read more...]

Are We Better Off? Business Publication Says No

Economic Conditions: All weekend, Democratic party leaders kept fumbling their answer to a simple question: Are we better off than we were four years ago? There’s a good reason for that: We’re not.

It wasn’t until Monday that the campaign was able to figure out how to answer the question, with Obama’s deputy campaign manager, Stephanie Cutter, saying, “Absolutely.” [Read more...]

Is this Administration Serious about Energy or the Economy?

by George Landrith

We are in the  fourth year of Barrack Obama’s presidency and the final two months of the election.  Finally, Obama is at least talking about the economy, jobs and energy. Sadly, he isn’t serious about any of them. He’s just running for re-election. He’s not announcing any real changes in policy or any new plans. He says this time, he will work and compromise with Congress. [Read more...]

Economics that don’t work

financial_crisis_graph

by George Landrith

President Barack Obama continues to argue against keeping taxes low to spur economic growth and job creation. At the same time, he argues against significantly cutting government spending to solve our huge deficits. Obama said “ [the philosophy of low taxes and cutting wasteful spending] fits well on a bumper sticker…. But it doesn’t work. It’s never worked.” Obama is wrong. It clearly has worked. And it is comical to listen to the guy who ran on the slogan of “hope” and “change” talk dismissively about bumper stickers.

During the past decade, if government had kept taxes low, kept government spending at historically reasonable levels, and not abused government power to push unwise and unsustainable mortgage and banking practices, we would not have the problems we have today. [Read more...]

The Election Year Jobs Charade

unemploymentby George Landrith

Now that the 2012 election is less than a year away, President Barack Obama is finally at least talking about jobs on a regular basis. However, Obama’s new found interest in talking about jobs is driven by the election calendar. Where was his focus on jobs the past three years?

Obama won election more than three years ago, promising to fix America’s economic woes. For the first two years of his presidency, Obama had a willing and compliant Democrat-controlled Congress that unflinchingly did his bidding. Rather than focusing on jobs, he passed a $3.4 trillion federal budget, one-third of which was borrowed money. [Read more...]

Why is Obamanomics failing?

by Peter Ferrara

On Inauguration Day, 2009, President Obama seemed so politically blessed by the timing of developing economic trends. I expected that based on American economic history, recovery from the recession should have occurred some time during 2009. Even the longest previous recession since the Great Depression would have resulted in a recovery in summer 2009, as the recession began in December 2007.

Moreover, prior American history had shown that the deeper the recession the stronger the recovery. So I was expecting President Obama to pass his economic recovery plan, as foolhardy and ineffective as I believed it would be, and then to ride a wave of adulation as the economy roared back later in the year, which it should have done just on its own according to long established rhythms of the business cycle. [Read more...]