Don’t look for this data in the establishment media. As the chart shows tax revenue is growing again, as the private sector claws back from recession. President Obama and the Democrats blame their massive deficits on the Bush tax cuts, especially for “the rich.”  The political-media establishment rarely reports that: Individual income tax revenue increased […]

In a recent Florida TV interview President Obama said: [Unemployment benefits are] probably the biggest boost that we can give an economy because those folks are most likely to spend the money with businesses, and that gives them customers.” “Them” being WalMart and other economy stores that sell mostly Chinese goods. Perhaps the President has […]

Fifty two subsidies, tax credits and handouts added to the Bush Tax Cut Extension Bill Last week President Obama announced The Deal.  He and Republican leaders agreed to resolve the pending expiration of the existing (Bush) tax rates by enacting a two year extension.  If Congress takes no action to amend legislation passed in 2003 […]

In November, the 35th month since the recession began: The unemployment rate went up from 9.6% to 9.8%. Overall job growth, including private and public sectors was 39,000, a pitifully small number compared to previous, post-recession recoveries. If the 2010 rate of job growth continues, it will take another six years to replace all the […]

From surplus to debt crisis in nine years: How did it happen? The shocking growth of government debt is the establishment’s justification for ratcheting up tax rates on “the rich,” including millions of investors and small business employers who will be the sources of capital needed to create jobs and economic growth. The establishment media […]

UPDATE: Democrats have announced they are unwilling to bring the President’s compromise tax plan to the floor of the House of Representatives for a vote. Much of the communication from the political establishment targets people who are not inclined to spend hours verifying “information” in the media.  After the Bush tax cuts were enacted in […]

An exhaustive interview of Vice President Joe Biden was recently  published in GQ.   Asked when the economy would finally turn around he answered: I say we have turned it around, and here’s how we’re gonna create the jobs. We’re not gonna go back to those policies that in fact stripped you of your job. Look, […]

The No-Jobs-During-the-Bush-Years Myth The tax rates implemented by the Bush tax cuts of 2003 are still in effect but are set to expire January 1 if Congress does not act. President Obama and the Democrats want to raise tax rates on those who earn more than $200,000. Half the over-$200,000 taxpayers targeted for an increase […]

On Sunday Senator Charles Schumer appeared on Face the Nation and was asked about Obama’s demand that Congress increase tax rates on high income Americans.   His response in part was: …we have a big deficit problem. We have a great jobs problem. Better to put the money into deficit reduction creating jobs than give […]

As a “compromise” with Democrats who opposed it, the 2003 legislation that enacted the Bush tax cuts included an expiration date: 12/31/2010. The current, lame duck Congressional session is the last chance for the current Democrat majority to extend the Bush tax rates and prevent a substantial increase on every American who pays income tax. […]