Asian Conservatives

Earlier this summer, President Obama’s administration declared that this would be the summer of recovery.  As the administration continued to claim that it has saved or created between 2.5 million and 3.6 million jobs, they also assured us that the economy would continue to improve as a result of the government’s stimulus spending.  But with [...]

Paul Krugman of the NYT is a respected economist — after all he’s won a Nobel Prize for his work. He paints a grim picture in his latest column, “The Third Depression,” which puts blame mostly on worldwide government policies: We are now, I fear, in the early stages of a third depression. It will [...]

For all of Obama’s attempts to achieve the indubitable status as Reagan’s polar opposite, he has yet to achieve such a distinction. Yes, unemployment has grown 2% under his watch, and internationally the US looks to have about as much strength as a chocolate éclair. But to really achieve that coveted standing as the Anti-Reagan, [...]

A study by The Mercatus Center of George Mason University shows that Democratic districts received nearly twice as much in stimulus funds than Republican districts, without regard to unemployment or income: The Mercatus Center at George Mason University reviewed the distribution of $157 billion in stimulus dollars based on publicly available reports and found that [...]

The Obama administration prides itself for saving jobs using the stimulus funds even though unemployment still hangs at 10%, and as much as 17% if you include those who’d given up. What do you think of saving three jobs with $6 million? Federal records show that a contract worth $5.97 million, part of the $787 [...]

So deep down I’m okay with President Obama winning the Nobel Peace Prize. The peace prize has lost its prestige long ago when the likes of Carter and Arafat and Gore received it. The peace committee is obviously agenda driven, and that agenda has no relation to peace. At least President Obama didn’t win the [...]

First time homebuyers are eligible for an $8,000 tax credit thanks to the multibillion dollar stimulus package Congress passed this year. Where “cash for clunkers” aimed to give the auto industry a lifeline, the homebuyer tax credit hopes to boost sales of homes. But would it really work? If you ask politicians from states suffering [...]

The White House Office of Management and Budget projects the federal deficit to be $9 trillion over the next 10 years. That’s pretty scary, but columnist Jill Lawrence, whom I suspect is an Obama supporter, couldn’t help but point fingers at President Bush: What they are not discussing is how we ended up in a hole [...]

For the first time ever, the federal deficit has reached $1 trillion and could balloon to even more. The depressed economy means much lower tax revenues from families and corporations, add on to the fact that we’re still fighting a war in Afghanistan, plus a $700 billion in financial bailout and a $787 billion stimulus [...]

The fear-mongering from the Obama administration led a hurried passing of TARP without proper scrutiny by Congress or citizens. Now it’s clear that the stimulus isn’t working as unemployment numbers leap past the administration’s prediction and V.P. Biden coming out to admit the administration “misread” the economy. According to the government and market analysts, the [...]

Now this is interesting… According to USA Today, areas that supported Obama are receiving twice as much stimulus funds compared to those that supported his opponent, Sen. John McCain: The reports show the 872 counties that supported Obama received about $69 per person, on average. The 2,234 that supported McCain received about $34. Okay, so [...]

A video illustration even a three-year-old would understand (maybe replace the pennies with Cheerios). Share and Enjoy:

What the federal government gives, it can also take away. The state of California is learning this the hard way as the Obama administration threatens to rescind stimulus funds if the California state government doesn’t restore wage cuts to the unionized home health care workers. Two things at play here: the intimate relationships between unions [...]

How many Republicans voted for the stimulus bill? None. Now it’s widely known that the multi-billion dollar stimulus bill contains verbiage to allow executives to keep their bonuses, it’s time for the Democrats to be accountable. The bill is 1,000 pages or so, and granted, some honest Democrats admitted they didn’t read over the whole [...]

Gov. Palin of Alaska will refuse nearly half of federal stimulus money, standing firm to keep state government small. The state Democrats, of course, say her actions aren’t for the sake of Alaskans, but for her Washington political ambitions. I applaud Gov. Palin and other governors like her who doesn’t want Washington to engineer their [...]