The Obama Administration’s fiscal and budget policy is simple: Position the President to blame others for the debt crisis and to take the credit if the relatively few competent adults who serve in Congress manage to resolve it. With the (2nd) debt ceiling deadline looming, and secret, high-level negotiations on-going, President Obama appears and reappears, […]

The speeches are about “getting our fiscal house in order.” But the real agenda is the relentless accumulation of government power. After the Labor Department published a truly grim jobs report on Friday President Obama stepped to the microphones and made a brief statement including: There are some things we can do, right now…Right now […]

The Labor Department posted a grim jobs report for June, emphasizing America’s continuing economic misery. Employers added an anemic 18,000 jobs in June.  The May number was revised downward from 54,000 to 25,000 additional jobs. The unemployment rate ticked up to from 9.1% to 9.2% If the 2011 rate of job growth continues, it will […]

President Obama and the Democrats keep trying to shift the blame for seemingly endless economic misery from themselves to the very taxpayers who have delivered more revenue to the government than anyone thought was possible just a few months ago. By now virtually every American has heard President Obama, the Democrats and the media chorus […]

If you believe the Administration’s math each stimulus job cost the government $222,000. It’s a Washington tradition.  Release information the President doesn’t want anyone to notice on Friday evening, especially before  a three day weekend. On Friday evening before the July 4 weekend the White House Council of economic Advisers published a report with the […]

As the worst debt crisis in American history appears on the horizon the political establishment shows no urgency about spending cuts.  The Treasury Department’s monthly report for the first 8 months of the 2011 fiscal year shows 2011 spending is running 6% above 2010. As the numbers demonstrate, the Obama Administration believes the most urgent […]

High unemployment is the predictable result of Obama’s economic policies. The Labor Department’s jobs report for April showed private sector employers added 268,000 jobs, the best month since 2006.  Compared to recent experience this was very good news.  But compared to past economic recovery periods it was unremarkable. In a TV interview Austan Goolsbee, Chairman […]

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 […]

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 […]

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 […]