A Final, Pre-Election Review of ObamaNomics In February, 2009 President Obama sought to portray himself and Congress as heroic first responders, rescuing America from a soaring unemployment crisis.  In an editorial in the Washington Post he said in part: I feel such a sense of urgency about the recovery plan before Congress. With it, we [...]

On October 1, the first day of the 2011 fiscal year, Democrats adjourned Congress without passing a budget for 2011, and without holding any votes on the soon-to-expire Bush tax cuts.   Thus, taxes, spending and deficits have become central issues in the Congressional campaign. In their desperation Democrats and their media cheer-leaders have revived [...]

Does anyone – even in Congress – really believe 2011 spending can’t be reduced from $3,745,000,000,000 to $3,675,000,000,000? President Obama and Congressional leaders argue that “we can’t afford” to continue the existing income tax bracket rates for all taxpayers. Obama insists that top bracket rates  go up even though this tax increase would specifically target [...]

President Obama and the Democrats have spent almost two years enacting unpopular legislation while economic misery continues.  Thus, a disastrous election looms and out of desperation they’re reviving an old campaign strategy, appeals to envy and resentment of “the rich.” Under existing law the Bush tax cuts, enacted in 1993, will expire at the end [...]

President Obama gave a labor day speech that was billed as the unveiling of a fabulous new “jobs program.”  In it he  inadvertently acknowledged the failure of his stimulus program. In spite of record unemployment the President had the chutzpah to begin his speech with bragging about his $864 billion stimulus, enacted 18 months ago [...]

In his Oval Office speech on Iraq President Obama Obama gave us a preview of the one of the Democrats’ deceptive campaign themes for the fall Congressional elections: Unfortunately, over the last decade, we have not done what is necessary to shore up the foundation of our own prosperity. We have spent over a trillion [...]

In politics a deception often becomes accepted truth through continuous, unchallenged repetition. With less than six months left before the mid-term election, President Obama and the Democrats appear to have contrived a deception they hope will overcome two major negatives: The gargantuan “stimulus,” jammed through Congress before it was even printed, let alone read by [...]

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 any [...]

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 [...]

The table below illustrates the tax increase that will hit individuals and families when their employers yield to the incentives in the Baucus bill to drop health coverage and send employees to the new government exchange to buy insurance. Last week the folks at the Congressional Budget Office (CBO) regaled us with their analysis of [...]