Two recent reports, when connected, seem to explain each other.
Report # 1
The Wall Street Journal found that the Obama Administration has directed the US Import-Export Bank to loan $2 billion to Petrobras, Brazil’s state owned oil company.  The money will fund exploration and drilling in a massive, off-shore oil field recently discovered off the [...]

Perhaps the one leftist/big-government idea that has been a more obvious failure than any other is the idea of government decreed price controls.
Price controls have been tried many times, all over the world, and are usually the last phase of failed experiments in government central planning and regulation.  The most recent experience in America [...]

The private sector’s ability and willingness to generate income and profits for government to seize through taxation is rapidly diminishing due to the increase in federal power and intervention.
The drop in individual income tax revenue in fiscal 2009 was the steepest since 1939.  As the chart shows revenue continues to plummet in fiscal 2010
Virtually [...]

On February 4 President Obama submitted his proposed budget to Congress, including the most spending and largest single year deficit in the history of America.
On February 18 he announced the formation of a yet another Washington “commission,” this one to study government deficits and recommend ways to reduce them, as if there were some [...]

The Obama Administration’s economic team sent a report to Congress Thursday projecting 96 Thousand new jobs per month for the remaining eleven months of 2010.

Just two weeks ago, in his State of the Union message President Obama sneered:
We can’t afford another so-called economic “expansion” like the one from the last decade –- what some call [...]

On Ronald Reagan’s 99th birthday, lets remember why he was re-elected in a 49 state landslide, winning the most Electoral College votes in American history.
Compare the results of Reagan’s principled, liberty-based policies with the results of the current chaos in Washington

Yet another disappointing employment report was released Friday – 20,000 jobs lost in January.  [...]

As we celebrate Ronald Reagan’s birthday let’s remember why he was the most popular President in 70 years.
We begin a second post with this Obama quote from the State of the Union message:

We can’t afford another so-called economic “expansion” like the one from the last decade –- what some call the “lost decade” -– [...]

After presiding over the loss of 4 million jobs since his “stimulus” was enacted Obama made an astounding assertion in the State of the Union:

We can’t afford another so-called economic “expansion” like the one from the last decade –- what some call the “lost decade” -– where jobs grew more slowly than during [...]

President Obama tried to portray the so-called stimulus bill as an engine of prosperity.  Remember, the stimulus was sold as the immediate cure to rising unemployment.  Obama promised the jobless rate would rise no higher than 8% if it passed.  Here’s what he said Wednesday night:
Because of the steps we took, there are about two [...]

The reverberations from the election of Senator Scott Brown continue.
Yesterday Speaker Nancy Pelosi admitted she did not have enough votes to pass the Senate version of ObamaCare.  While some die-hards in Congress continue to insist they will enact ObamaCare soon, the political momentum has turned against it, and it is probably dead.

In fact, it [...]