The economy is worse

Vice President Joe Biden admitted, whether intentionally or not, that the administration had “misread” the economy. That’s why things aren’t turning around and unemployment rose to nearly 10% instead of the White House’s prediction of 8%. But according to Mortimer Zuckerman writing in the WSJ, the real numbers about the economy deliver much worse news: [...]

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On Cold War, Obama gives credit to the wrong side

Liz Cheney writes in the WSJ about President Obama’s recent visit to Russia and sheds some light on the president’s world view of historical events: Speaking to a group of students, our president explained it this way: “The American and Soviet armies were still massed in Europe, trained and ready to fight. The ideological trenches [...]

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Cap-and-trade hurts economy

There is nothing wrong with a collective effort to reduce harmful pollutants into our environment, but is the proposed cap-and-trade legislation the right way to go? The WSJ offers a warning: The hit to GDP is the real threat in this bill. The whole point of cap and trade is to hike the price of [...]

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Lower taxes, less spending proposed in Maine by… Democrats?!

You read it right. The WSJ even calls it the “Maine Miracle“: This month the Democratic legislature and Governor John Baldacci broke with Obamanomics and enacted a sweeping tax reform that is almost, but not quite, a flat tax. The new law junks the state’s graduated income tax structure with a top rate of 8.5% [...]

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Today is Tax Day, time to have Tea Parties

Tax Day has finally come. And as the WSJ points out, nationwide there are more than 300 tea parties being organized. Each state of the union will have one: Today American taxpayers in more than 300 locations in all 50 states will hold rallies — dubbed “tea parties” — to protest higher taxes and out-of-control [...]

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The polarizing president

Remember Obama’s promise of bipartisanship during the campaign? Remember his message of unity at the inauguration? Well, that may be kind of hard when he’s the most polarizing president in the first few months of his term: The Pew Research Center reported last week that President Barack Obama “has the most polarized early job approval [...]

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Obama’s crazy budget

President Obama and his team delivers us a budget today: $3.55 trillion for 2010, and he’s wanting to spend $3.94 trillion this year. Yes, trillions. Starting in 2011 productive Americans will see tax increases like never before. Here’s a brief breakdown from ABC News’ Jake Tapper. The WSJ also kindly points out how seriously bad [...]

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Nationalized health care snuck into stimulus

The Democrat-owned stimulus package is nothing more than a $900 billion bribe for votes. It’s low on tax cuts where money is put into people’s pockets and high on large government spending. Paul Krugman of the NYT cannot wait: The bottom line, then, is that this is no time to let campaign promises of guaranteed [...]

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Economy, preprare to be stimulated… or not

The bad news? The House passed the nearly $900 billion stimulus package. The good news? Not one Republican voted for it. That ought to send a clear message. Conservative talk show master Rush Limbaugh offers his version in the WSJ: Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and [...]

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Latest bailout saves UAW, not Big Auto

Another bailout package is in the works in Congress, one that’s even less popular but that’s not stopping the Democrats from pushing for it. House Speaker Nancy Pelosi said a government lifeline would be provided only if the auto industry meet new fuel-efficiency standards and restructure to limit executive compensation. Of course, there is no [...]

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Obama must lead from the center

Let’s be clear: there was no mandate in this year’s presidential and congressional elections. Although the Democrats won the White House and majorities in the House and Senate, the geopolitical landscape of the U.S. didn’t change that much. Still almost half of the popular votes supported McCain, and that’s after eight years of Republican leadership. [...]

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The United States of Europe

That’s what American will become should Obama enter the White House. Writing in the WSJ, Pete Du Pont calls it the “Europeanization of America,” and lists seven things that’ll happen: The U.S. military will withdraw from Iraq quickly and substantially, regardless of conditions on the ground or the obvious consequence of emboldening terrorists there and [...]

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Obama up, markets down

Are we seeing a correlation here? As Obama gathers even more steam in the last week and a half until election day, the global markets continue to slide in a downward death spiral. Investors are well aware of an Obama presidency and the policies that will bring. If this is any indication of the collective [...]

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Obama vs. McCain, final round

Last night’s debate was definitely more interesting than the previous one. Both candidates were focused, knowing that this would be the last chance to sway voters on television. McCain seemed more energetic — probably because he’s the underdog — in his answers, often going on the offensive. He brought up issues about Obama’s ties to [...]

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Ayers friend defends Obama

In the WSJ today, Thomas Frank says he is friends with Bill Ayers and that Obama shouldn’t be attacked for the same association. In typical elitist fashion, he complicates the relationship with historical references to the Civil War and the culture wars. I don’t care if Mr. Frank is a friend of Ayers or even [...]

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