From the category archives:

Economy

The House of Representatives passed a $108 Billion bailout of foreign nations, payable to the International Monetary Fund.  As Michelle Malkin reports, Obama pledged this money to the IMF in April, without even consulting congress.  The vote passed 226-202, with 32 Democrats voting against the bill and 5 Republicans supporting it.  With our financial house [...]

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The Obama administration is exploring a plan to “rescue” stagnating cities in the industrial rust belt of the nation’s Midwest and east coast.  The plan is to explore the option of bulldozing large portions of these cities and “returning them back to nature.”  The theory is that these cities are stagnating, and that the only [...]

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RI Teaparty Storms Capital

by Sal on June 11, 2009

in Economy, Politics

Rhode Island (my native state) held a Tea Party protest yesterday to specifically protest increased taxes and the lack of substantial spending cuts in this year’s fiscal budget.  The protest drew over 1,000 people, with about 500 or so admitted into the capital building to protest in front of legislators offices.  The protest received a [...]

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Nope, I’m not surprised.  New York Slimes lackey Paul Krugman blamed Ronald Reagan for the deregulation that led to the current economic crisis last week.  Obviously, that’s ridiculous and others have chimed in to refute that claim.  
I hear that same kind of argument every three seconds from Kool-Aid drinking Democrats out here in Jersey — all [...]

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The Supreme Court issued a stay on the Chrysler bankruptcy ruling yesterday afternoon, shortly before a court of appeals imposed deadline would have made the deal final.  The Chrysler bankruptcy, engineered by the Obama administration, would have engineered a sale of Chrysler to Italian automaker Fiat, and paid off the unions at the expense of [...]

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President Obama has repeatedly said that he does not want to be in the automobile business.  Yet a feature-length expose in the Detroit Free Press, a rare and daring indictment of the administration by a member of the main-stream media (now dubbed the state-run media by Rush Limbaugh) shows how Obama’s auto-czar Steven Rattner (one [...]

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So far, Obama has been all about appointing and keeping “czars” beyond the traditional Drug Czar or Security Czar, to all sorts of new czars:  bank bailout czar, energy czar, car czar, US border czar, urban czar, regulatory czar, stimulus accountability czar, Iran czar, Afghanistan czar, Pakistan czar, Middle East czar, cyber security czar, Great Lakes [...]

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I’ve followed a simple rule in NJ politics since arriving here in 2001:  in the primaries, you vote your conscience; in the general election, you vote against Corzine.
Thusly, I voted in last Tuesday’s Republican primary for Steve Lonegan.  I met him last summer and know where he stands on the issues, so I was convinced [...]

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Today It’s My GM

by Ryan on June 1, 2009

in Economy, Tyranny

I own GM and so do you!  So, when do I get my fancy new car?  It’s mostly my company right (60% or so)?
Ha!
We all know that General Motors was on the way to become “Government Motors” for some time now and it finally happened today as they officially filed for Chapter 11 bankruptcy.  I’m glad the government [...]

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Craig T. Nelson on Beck

by Ryan on May 31, 2009

in Comedy, Economy, Media, Politics, Tyranny

Last Thursday, “Coach” Craig T. Nelson was on The Glenn Beck Show talking about taxes and the broken state of California.  There’s been a lot of buzz about this clip, some saying it affected them deeply, others being ridiculing Nelson for appearing ”drunk” during the interview.  Regardless, I do think it’s worth sharing at a minimum because I [...]

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Word on the street is that GM is going to finally declare bankruptcy, which they should have done months and billions of bailout dollars ago.  The Obama Nation will control 72.5% of the company, while stakeholders have been pressured into settling for 25%.  Of course, all of this has been done for two reasons: 1)  keeping the [...]

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One of the arguments against big government and government interference in the economy is government’s unique position to grant political favors to political allies, or to punish one’s political enemies.  One of the many reasons Conservatives believe in limited government is to reduce the potential for corruption, political favors, and political punishment from the government.
A [...]

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Californians rejected a series of ballot measures yesterday that would have significantly raised their taxes so that the state could address its severe budget deficit without any major cuts in spending.  According to the liberal SFGate, the state will now be forced to “consider deeper cuts to education, public safety and health and human services.”  [...]

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Dick Morris on ObamaCare

by Ryan on May 16, 2009

in Blogs, Economy, Politics

Here’s a video clip of Dick Morris talking about Obama’s health care proposal – a proposal short on details about how the extra $1.5 trillion in short-term expenses will be paid for.  I think Morris makes a great point on one of the many things Obama and the Lefties don’t seem to understand about the potential impact of ObamaCare:

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$800 billion in stimulus here, wanting $634 billion in health care downpayments there, $3.6 trillion budget with a measley $17 billion in trimming, added to a 95% tax cut for everybody (even those who don’t pay taxes), two wars, entitlement programs gone amok…
But wait, there’s more!   
Millions of dollars in “stimulus” has gone out to [...]

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You shouldn’t need a magnifying glass or a law degree to read the fine print that sometimes doesn’t even appear to be written in English.  –Barack Obama
Those words were spoken by The One this morning at a town hall meeting, speaking of the so-called “Credit Card Bill of Rights.”  It is a favorite tactic of [...]

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The American Financial Collapse

by Sal on May 13, 2009

in Economy, Politics

Early yesterday I wrote about the current crisis in the U.S. Fiscal system in the areas of unemployment and our national debt, and how they are leading indicators towards a major financial collapse.  Today, there are several pieces of news that add credence to that theory.  First, the April retail sales and foreclosure numbers were [...]

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I’m not even kidding – in a time of the “worst economic crisis since the Great Depression” the US government has decided that among the important things on which we MUST spend money is teaching Chinese prostitutes (in China, by the way) safe drinking habits while “on the job.”  In fact, the tab runs about $2.6 million [...]

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California has been a bastion of liberalism for the last 20+ years, not having supported a Republican for President since 1988, and being known for its bloated government and liberal social policy.  Yet, as I’ve often theorized, liberalism as an agenda is not sustainable, and eventually even places like California will reach a tipping point [...]

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With the Obama administration, we are likely reaching the end of our economic financial prominence.  Obama’s proposals create an anti-competitive environment, and put us at a disadvantage with the rest of the world.  Take the Corporate Income Tax.  The U.S. Corporate Income Tax is currently set at 35%.  However, companies who do international business, and [...]

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Ominous Economic Signs

by Sal on May 8, 2009

in Economy, Politics

Two stories today paint a rather dire picture of the current economic situation.  First, jobless numbers were released today, showing the economy losing another 539,000 jobs in April.  Since Inauguration Day, the economy has lost 2,585,000 jobs, bringing the unemployment rate up to 8.9%, the highest in over 25 years.  The loss of private-sector jobs, [...]

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Tea Party Movement Goes Local

by Sal on May 6, 2009

in Economy, Politics

Since the Tax Day Tea Parties on April 15, there has been much discussion on what to do with the Tea Party movement after the big protest.  Jim Geraghty of National Review’s Campaign Spot suggested that Conservatives get involved and organized at the local level, starting at local city councils and school boards.  Getting 1,000 [...]

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Republican Resurgence

by Sal on April 30, 2009

in Economy, Election 2010, Politics

The defection of Arlen Specter has been touted as the death-knell of the Republican party, a sign that the party has become a regional, exclusive party with no room for dissent.  While the conventional wisdom looks at the GOP as being down, and polls show the GOP’s continued irrelevance, there are signs of a GOP [...]

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One hundred days into the Obama Nation and life continues, though things seem more insecure and ominous every time Obama speaks.  And there’s 1,361 more days until January 20, 2013! 
A lot of damage has been done, which has been cataloged here since Day One: Year Zero, (January 20, 2009, in the PO calender: PO,”Pre-Obama” or in our case “PO” could easily mean “Post-Obama” [...]

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Yesterday, April 26, was Debt Day, and it was the earliest debt day ever.  Debt Day is the symbolic day of the year that Congress runs out of money obtained normally through taxes and revenue, and the day that it has to begin financing its expenditures through debt.  This year, it is far earlier than [...]

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This video excerpt truly indicates the difference between those in Washington who want to solve our problems with facts and those who want to maintain the political status quo by not wanting to listen to other viewpoints:

Waxman indicated that he believes we should all just not listen to dissent (which equal ”scare-tactics” to Waxman) or information contrary to his earlier-formed opinions – just [...]

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Obama’s Cybertax Increase

by Mike on April 21, 2009

in Economy, Politics

The Obama Administration is considering a proposal that would tax online purchases at the sales tax rate of the state in which the purchasers live.  This proposal comes as no surprise to those of us who knew Obama was lying when he promised tax cuts during to the campaign.
During the campaign, Obama promised to cut [...]

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In what is nothing more than a PR stunt, Obama is meeting with his cabinet for the first time today to ask them to cut, collectively, $100 million from the Federal Budget.  That’s right, $100 million.  Not $1 billion, not $10 billion, not $100 billion, not $1 trillion.  With the spending that has gone on [...]

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I’ve just returned from a Tax Day Tea Party in Trenton, New Jersey, in front of the State Capitol Building.  It was rainy, wet, windy, nasty — no “fair-weather patriots” as the lead organizer Brian indicated.  My feet were freezing and my throat raw, but the spirit was there from the young to the very old.  We [...]

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I had the opportunity today to speak to William Faulkner, President of the Ocean State Policy Research Institute and one of the organizers of the Rhode Island Tea Party, part of the National Tax Day Tea Party movement.  We spoke briefly on the tea party, what it is about, and what attendees to the Rhode [...]

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