Gas Pump Politics

The best thing government can do to lower gas prices is remove politically motivated barriers, and allow liberty to work. On the Presidential campaign trail in the summer of 2008, the last time gas prices spiked over $4.00, then Senator Obama criticized President Bush who had called on Congress to repeal bans on domestic oil […]

Bizarre Reaction to S&P Downgrade of US Debt

On Tuesday Standard & Poor’s (S&P) the nation’s best known bond rating service changed its “long term outlook” for US government debt from “stable” to “negative.”  The rating itself remains at S&P’s highest, AAA.  The outlook change signals S&P’s belief that a rating downgrade may be necessary within a couple of years. The chart  tracks […]

Obama’s Deficit Hustle (3)

President Obama’s deficit narrative is a hoax. In what has become his campaign stump speech he makes a series of assertions that upon scrutiny prove to be baseless and to contradict publicly available data from his own Office of Management and Budget (OMB).  He claims that during the Bush years: …we made the [deficit] problem […]

Obama’s Deficit Hustle (2)

Are Millionaires and Billionaires the Problem? In his speech on government debt last week President Obama sought to exploit the complexity of the tax system to deceive The People.  Our previous post debunks his implication that President Bush caused the current debt crisis.  Further into his speech he implied that “millionaires and billionaires” were to […]

Obama’s Deficit Hustle (1)

Critics of President Obama’s deficit reduction speech called it the opening of his 2012 reelection campaign rather than a serious, sober presentation of the problem and proposed solutions.  We agree. He began by praising big government for all its varied taxpayer funded functions.  He then fixed blame for recent massive deficits and the looming debt […]

Cheer, Don’t Sneer at The Spending Cut Deal

There has been lot of bitter disappointment from conservative and libertarian commentators since President Obama and Speaker Boehner announced “The Deal” last Friday night that will cut some $38 billion from 2011 spending.  Here are a couple of examples: my good friend over at The-Classic-Liberal and a commentator at RedState. The critics are right that […]

The Deficit Can Not Be Closed With Tax Increases

UPDATE: Administration official David Pluffe, appearing on Fox News Sunday announced that this week the President would present “a plan” for deficit reduction that would include raising the top two income tax brackets to the pre-Bush rates. Congress and the President are beginning what will become an historic two-year debate over the cost and appropriate […]

Fog of War: Fiery Debate Over TWO Annual Budgets

April, 2011 will go down in history as the beginning of both the 2012 Presidential Campaign, and the most significant debate over the appropriate roles of the federal government since the 1930s. Congress has been arm wrestling over BOTH the 2011 and the 2012 annual budgets at the same time.  The media, apparently oblivious to […]

Promises of Economic Magic Meet Grim Reality

“Do you approve or disapprove of the way Barack Obama is handling the economy?” The March 2009 Gallup poll came at the end of months of hype that apparently convinced a majority that this charismatic new President was so brilliant, so financially clever that he could restore all the lost jobs, plus create millions of […]

Job Creation Success VS Political Hype & Spin

If we’ve learned nothing else from the miserable experience of the past three years we have learned that massive government borrowing and spending creates debt, not jobs. The Labor Department released it’s monthly Jobs report on April 1.  The chart, tracks the results of the response by Presidents Bush and Obama to the current, deep […]