During his campaign, Barack Obama denounced the Bush Administration every day for “irresponsible deficits.”  Obama’s campaign web site included this attack on Senator McCain:
McCain Offers Four More Years Of Soaring Deficits. Just like George Bush, McCain budget plan offers four more years of soaring deficits…the non-partisan Tax Policy Center said McCain’s tax plan would add [...]

Throughout the Presidential campaign Barack Obama and the Democrats aggressively attacked budget deficits run during the Bush Administration.
Today, the Treasury Department published the final budget numbers for Fiscal Year 2009, ended September 30, giving us an opportunity to compare Obama’s first deficit with those “irresponsible Bush Deficits.”  In the chart above the numbers for 2009 [...]

Today, the Administration released it’s Mid Session Budget Review, a 75 page document required by law, to update Congress on recent events that could affect the 2010 budget.
On the summary page appears this laughable, yet tragically out of touch fantasy:

Despite the demands put on the treasury to respond aggressively to avoid economic collapse, the President [...]

Imagine a TV Sitcom family. They’re not poor.  Dad makes $600,000 per year, or $50,000 per month.  But incredibly, they can’t live on that budget and they’ve been borrowing and spending an additional $22,000 every month for years, driving their debt up to $2 million in installment loans and credit cards.

Two months ago Dad [...]

The political-media establishment largely dismissed the nationwide tea party protests as inconsequential whining by a few fringe weirdos.

During his Presidential campaign Barack Obama continuously assailed “irresponsible Bush deficits” and warned that John McCain would increase the debt by $4.3 Trillion over ten years.

As the table shows, his plans will increase the debt by almost [...]

In a March 9 Wall Street Journal Guest Editorial,  Obama Economic Adviser Laura D’Andrea Tyson attempted to overcome growing opposition to ObamaNomics, with several deceptions.  This is the second in a series of posts exposing those deceptions.  Click on the ObamaNomics logo to see the first.

President Bush’s tax cuts are scheduled to expire at the [...]

The Dow Jones Industrial Average is down 29% since Election Day.  Roughly half of Americans are invested in the stock market, either directly or indirectly through pension funds.  Retirement savings have been devastated by the stock market crash
This morning, at a photo-op with British Prime Minister Brown, President Obama was asked about the disastrous performance [...]

There has been a lot of media attention to President Obama’s budget announcements of last week. In fact, the actual budget has not yet been developed.  Last week the Administration published several documents that were about the budget, but did not include the hundreds of pages of line items and numbers that will be included [...]

President Obama addressed the economic crisis this morning:
The economic crisis we face is unlike any we’ve seen in our lifetime. It’s a crisis of falling confidence and rising debt.
If it’s a crisis of “rising debt” then how will you solve it by adding an additional Trillion Dollars in debt?
Obama Continued…

A failure to act, [...]