Posts tagged as:

stimulus

Tea Party Turns Five

February 27, 2014

From September 2008 to February 2009 nearly $1.6 trillion America didn’t have had been spent by our government: TARP to bailout Wall Street ($700 billion), plus the auto bailouts ($80 billion), plus the Stimulus to bailout Democrat constituencies ($787 billion).  When would it stop?  Who would end up paying for it?  Anyone paying attention was [...]

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McCaughey: Obamacare is About Funding Democrats

June 20, 2013

Betsy McCaughey, one of the few people on Earth who’s actually read the “Patient Protection and Affordable Care Act” (aka Obamacare), wrote this recent article which I believe is worth adding to the echo chamber. Her basic premise is that Obamacare is not about health care (even a synopsis of the bill tells you that), [...]

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Angelo Codevilla Takes on the Republican Establishment

February 23, 2013

On Thursday’s Mark Levin Show, Mark read from an article by Angelo Codevilla during most of his first hour.  The article’s title,”As Country Club Republicans Link Up with the Democratic Ruling Class, Millions of Voters are Orphaned,” only hits the surface of the message Codevilla is trying to convey.  For those who don’t remember, Codevilla [...]

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US Debt Tops $16 Trillion as DNC Gets Under Way

September 4, 2012

On the first full day of the 2012 Democrat National Convention, the Treasury Department says that our national debt will eclipse the $16 trillion mark today. That number looks like this: $16,000,000,000,000.00 That’s fitting since Obama has added roughly $5.4 trillion to that number — more than any President ever.  He inherited TARP, passed the [...]

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RNC Speeches Day 2: Rice and Ryan Rock the Hall

August 30, 2012

After many solid speeches throughout Day 1 of the convention, I was interested to see if the message would shift on Day 2.  It did.  Yesterday the was time to take it directly to Obama (finally).  The specific criticism missing from Chris Christie’s speech was on full display in prime time last night! The warm-up [...]

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$500k of Stimulus Went Straight to MSNBC

August 22, 2012

According to the Labor Department, nearly $500,000 of your tax money went to MSNBC for green-job promoting advertisements on both Olbermann and Maddow’s shows back in 2009 as part of the Stimulus.  These ads played 14 times a week for two months.  The Labor Department defends the expense, citing that the department delegated these kinds [...]

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They Don’t Call Keynesian Stimulus a Crap Sandwich for Nothing

February 24, 2012

Here’s a funny video via Free Republic on Keynesian stimulus and Paul Krugman putting what normally files out of his mouth into his mouth.    

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You Think YOUR Three-Year-Old is Expensive!

February 17, 2012

Three years ago today “Hope and Change” became law!  The Porkulus Stimulus became the greatest Keynesian experiment in history, transferring $787 billion from the productive class, our future Chinese masters, as well as our descendants to union hacks, front-groups, and make-work, not-so-shovel-ready maintenance tasks.   It was going to be so awesome that unemployment was [...]

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Obama’s New Stimulus Bill Would Make it Illegal to Discriminate Against the Unemployed

September 14, 2011

Reason number 1056 why the President’s latest stimulus bill is not going to get through Congress:  those who are unemployed and looking for a job who feel that they were not hired because of their employment status would be able to file a discrimination lawsuit. The statist sounding “Prohibition of Discrimination in Employment on the [...]

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Cantor, Kyl Out of Debt Talks

June 23, 2011

The United States is over $14.3 trillion in debt — a very sobering, sad, and scary number.  It requires an serious, adult conversation in order to deal with this problem. So, when the Dems show up to the debt talks with tax hikes (which slow economic growth and thereby reduces tax revenue), and what amounts [...]

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What’s a “Bilderberg”?

June 12, 2011

Europe has a long history of wealthy, well-connected nobles ruling the masses.  In the last 150 years or so, the proliferation of the social welfare state has mollified the plebs, who around that time concentrated in industrial urban centers which could get feisty depending on the demagogue du jour.  Now, Europe is full of acquiescent, [...]

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Ireland is Breaking

November 10, 2010

Ireland’s been having to deal with a serious banking crisis which won’t go away.  However, things just got worse for Ireland:  this week Ireland’s debt hit a level that has spooked investors into predicting that Ireland will be the next euro zone nation to require a bailout. Two years of government bailouts have merely broken [...]

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“Quantitative Easing” Inflation Fuse was Lit Yesterday

November 4, 2010

With all the highs and lows of the last few days, a news story which seemed to have been buried by all but a few news outlets was the Federal Reserve’s decision to buy $600 billion in government bonds, with the room to buy up to $900 billion if needed.  This “quantitative easing” is an [...]

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$26 Billion More Stimulus Waste

August 9, 2010

With over $400 billion of last year’s stimulus slush-fund still unspent, it should be a no-brainer as to where to get extra money to pay for jobless benefits, school budget gaps, Medicaid short-falls, etc., without adding to our ridiculous deficit.  Alas, not in these times — not with election year Democrats in charge! The House [...]

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At 9.5%, Let the Recovery Summer Begin!

July 2, 2010

The unemployment rate unexpectedly fell to 9.5% in June as President Obama declared, “Make no mistake, we are headed in the right direction,” though he’d like us to be moving in that direction faster. But, economics ain’t that simple sometimes. The economy lost jobs in June, but the unemployment rate nonetheless went down from 9.7% [...]

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Crist Should Do the Right Thing

March 10, 2010

Charlie Crist didn’t have to get on the bad side of Conservatives.  True, most Conservatives knew he was a moderate, and most Conservatives knew that he would be somewhat of a RINO, but after the thrashing Republicans got in the elections last year, they may have been willing to put up with a Charlie Crist.  [...]

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The Obama Stimulus and the Economic Climate

February 22, 2010

This ad, put out by House Minority Whip Eric Cantor, clearly outlines the chasm that exists between what the Democrats promised in regards to the 2009 stimulus package, and what has actually occurred over the past year.  It illustrates the complete failure of the stimulus in clear turns, and I am sure is a preview [...]

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The Porkulus Bill – One Year Later

February 17, 2010

The stimulus Porkulus Bill is one year old today.  It was signed into law by President Obama on February 17, 2009, with many promises: The porkulus promised to “create or save” 3.5 million jobs.  Since February 17, 2009, we’ve lost 2.4 million jobs. The administration promised that, with the porkulus, unemployment would cap out at [...]

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Charlie Crist Tries to Compare Himself to Reagan

February 4, 2010

Gov. Charlie Crist (RINO-FL), who is vying for the GOP nomination for the U.S. Senate against conservative Marco Rubio (R-FL), tried to compare himself to Ronald Reagan, saying: “If I’m a RINO, then so is Ronald Reagan. I’m [a] less taxing, less spending, less government, more freedom kind of guy and I just take a [...]

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Stimulus Price Tag $75 Billion Higher Than Initially Thought

January 26, 2010

The Stimulus Porkulus Bill that passed in early 2009 was projected to cost about $787 billion.  The CBO today revised that figure upwards by $75 billion, bringing the total projected cost for the stimulus to about $862 billion.  This is due to the fact that the projections put forth by Obama and the CBO for [...]

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Congress to America: We Need a Babysitter!

January 25, 2010

So the Democrats are worried now that the debt is exploding and that the anger of the American people will oust them from office unless they get spending under control appear as if they are doing something to try to get spending under control.  So, because Congress doesn’t like to make hard decisions about what [...]

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Krugman Thinks Obama Should Blame Bush More

January 20, 2010

Paul Krugman is living in a bubble.  You see, he writes that one of Obama’s biggest mistakes has been to not blame Bush for the economic woes this country now faces, “just like Reagan did” (sic). Finally, about that narrative: It’s instructive to compare Mr. Obama’s rhetorical stance on the economy with that of Ronald [...]

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The Stimulus Slush Fund Spending Money in Places That Don’t Exist

January 4, 2010

I’ve said all along that the Obama administration would be nothing more than Chicago thug politics, mob rule meets the White House, and that the stimulus porkulus was nothing but a Democrat slush-fund.  Well, Stimulus reporting is now resembling a classic money-laundering scheme.  It seems that the same agency that reports on how many jobs [...]

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Ryan’s Story of 2009

December 30, 2009

When the history books are written about 2009, what will they say?  What will I be teaching my students about this year in ten years or so?  I haven’t got a clue. You can’t anticipate what’s going to be historically important while it’s happening, with the exception of 9/11-type events.  But even then, its impact [...]

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The Other Shoe

December 15, 2009

Consider this: $700 billion for TARP $800 billion for the Obama Stimulus Porkulus $170 billion for Bush’s 2008 stimulus $5.5 trillion in outlays by the Federal Reserve to shore up the banking industry $3.1 trillion 2009 Federal Budget $3.55 trillion 2010 Federal Budget That brings the total spending of the Federal Government for 2008 to [...]

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Obama Is Insanity Defined

December 9, 2009

A classic definition of insanity is repeating the same action over and over again, expecting different results.  Obama is insanity defined.  His much-touted stimulus (a.k.a. Porkulus) package purported to spend money on roads and bridges, give some tax breaks to small businesses (although they were tax breaks designed to produce a liberal policy objective, not [...]

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The Dueling Jobs Summits

December 3, 2009

President Obama opened a “Jobs Summit” in Washington today in a  feeble attempt to salvage what’s left of the failure of his largest legislative initiative to date — the Recovery Act which has miraculously held unemployment at robust 10.2% (at least until November’s figures come out)! Obama is basically asking for help — he obviously [...]

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What does Obama have on the CBO?

December 1, 2009

Pure speculation here, but it seems that the CBO has done a 180 in the last several months.  Initially, their predictions on the cost of ObamaCare were pretty harsh to the Democrats, and fairly accurate.  In recent months, they seem to be using skewed accounting to illustrate that ObamaCare will: Lower the deficit Lower insurance [...]

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We Spent $787 Billion, and All We Got Was A Lousy T-Shirt

October 15, 2009

Hope and Change.  $787 Billion spent, the single largest spending package (both in raw dollars and adjusted for inflation) in American History.   Promises of job creation and an end to the recession, and what do we have to show for it?  A dollar that is falling faster than Congress’ approval rating, and only 30,000 [...]

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Cash for Clunkers Headed to the Scrap Heap?

August 20, 2009

The Obama Administration is claiming that the cash for clunkers program will come to an end on Monday.  Apparently there just isn’t enough money to keep the program going.  Why can’t the Obama Administration apply this kind of thinking across the board? In any event, this program’s demise, even if temporary is welcome.  It’s not [...]

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