Never before has there been a televised presidential candidates debate so short a time before the Iowa Republicans' Ames straw poll. Last night's debate, co-sponsored by The Washington Examiner and Fox News Channel, provided plenty of spirited conflict and some unscripted, or at least unanticipated, moments.
Many liberals think of profit as evil. They see it as the product of “corporate greed,” something that needs to be harshly taxed. Yet the desire to earn a profit is what impels innovators to solve some of our most important social problems.
A key argument by the states was that the power to require Americans to purchase a product gives the government unlimited powers to regulate all aspects of someone’s life and is thus unconstitutional. The 11th Circuit Court seems to agree by a 2-1 margin: “The government’s position amounts to an argument that the mere fact of an individual’s existence substantially affects interstate commerce, and therefore Congress may regulate them at every point of their life.”
There's no escaping the Obamas. As I was watching "Phineas and Ferb" with three of the fittest boys under 10 in America, there was Michelle Obama promoting fitness and physical movement. Putting aside her policy prescriptions, it's certainly not a bad message. And Pat Castle would be more than happy to lead the training.
It’s no secret that Obama’s record on job growth is the poorest in generations. Who cares about “saving” jobs? What’s really important is growing economic output and creating many new jobs. Approaching job creation with a “saving jobs” approach is fighting like the Black Knight in a Monty Python movie.
A major political question in the run-up to the 2012 election is: How effective will the Christian Right be? The recent mass-prayer rally in Houston led by Texas Governor Rick Perry is the latest indication of the potential potency of the union of politics and faith.
An administration known for double-speak recently announced a strategy for preventing violent extremism: compelling “inclusiveness.” Yet the real agenda is likely to establish a nationwide network of partners to monitor speech on issues like the debate over Islamic law.
WASHINGTON -- The Obama economy is looking bleaker than ever. All recessions end, but this one's going to last a lot longer than most because America remains overtaxed, overregulated and drowning in unfathomable debt.
As our economy continues to self-destruct; U.S. credit is shockingly downgraded; home prices remain at historic lows; unemployment rises; small businesses continue to close their doors; public-employee-bloated cities, towns, states and employers continue to default...
We're all children of our histories. Some of us become victims, others reactors and rebels. Some of us just keep putting one foot in front of the other. Commemorations, celebrations and memorials become important, documenting what is, what was and what might have been.
The riots that have wracked England in the last week should be a sober warning to the United States: This is what happens when a country breeds a generation of welfare dependents who are happy to bite the hand that feeds them.
On the one thing that could have brought us all together, the honor killing of Osama bin Laden, he acted like such an ass by his “Osama bin Laden’s Still Dead World Tour,” that he fumbled his one legitimate opportunity to prove he could rise to the occasion.
Because the radical demands of groups like the American Civil Liberties Union run counter to common sense and the tenets of Western Civilization, they and their leftist allies and colleagues use fear, intimidation, and disinformation to accomplish their ends which generally mean a loss of liberty for everyone else.
The current economic crisis is best understood as a crisis of political economy. Moreover, it has to be understood as a global crisis enveloping the United States, Europe and China that has different details but one overriding theme: the relationship between the political order and economic life.
These extra layers of regulation mean that producers will have to charge a higher price for food. The price will be passed down from the field through the elevator, through the trading pits, through the food producers, and greet you at the checkout counter at the grocery.
When the Japanese Nikkei increased from 30,000 to 40,000, the pundits and worldwide analysts loudly trumpeted “get on board or the train will leave you behind.” Many people took action just as they were told, only to find the Nikkei plummet an astonishing 75% to 10,000. Currently, it trades at less than 9,000
Mark Hatfield, 89, who died last weekend in his native Oregon, was the first Christian politician I recall meeting in Washington, which is to say he did more than keep a Bible on his desk. He sought to keep its words and teachings and its main "Character" in his heart.
As the nation mourns the loss in combat of thirty of its military heroes - including 22 members of the Navy's elite SEAL Team 6 - in Afghanistan over the weekend, the question inevitably occurs: What are we fighting for that justifies this latest among so much sacrifice in that distant, backwards and inhospitable land?
America is a country founded on entrepreneurship and free enterprise. That’s why one of its most enduring childhood traditions is the lemonade stand. It teaches children initiative, about the value of money and how to earn it. Recently, however, children have been learning entirely different lessons—that bureaucrats are in charge and you cross them at your peril.
Here’s Rupert Wyatt, director of the blockbuster movie Rise of the Planet of the Apes in a recent interview: “(the script) had become very different and much more exciting to me. It became less a story of domesticization of a pet and more about an uprising and a Che Guevara story.”
The debt crisis, chronic high unemployment, the tumbling stock market, the credit downgrade — these are — fairly obviously — symptoms of an economy in distress. We might disagree about the best policy responses. But perhaps we can agree on the worst: Borrow massive amounts of money from the Communists who want to diminish us and transfer that wealth to the jihadis who want to destroy us.
Nothing in the Constitution says that Iowa gets to vote for president before any other state. It just does. For years, Iowa like many states had precinct caucuses that elected delegates to county conventions, which in turn elected delegates to the state convention, which then elected delegates to the national convention.
The U.S. stock market has nose-dived. Congress just approved the highest debt ceiling in American history, allowing the government to carry over $16 trillion in national debt -- prompting the credit-rating agency Standard & Poor's to downgrade America's multitrillion-dollar debt for the first time in 70 years.
Former Massachusetts Gov. Mitt Romney wants to be president. And a plurality of Republican voters want him to be president. Recent polls show Republican nominee Romney beating President Barack Obama. Three big issues, however, threaten to implode the GOP front-runner's nomination, let alone general election victory.
Their party platforms place them worlds apart, but whether Democrats or Republicans rule the roost in D.C., the media and culture atmosphere in the district has remained largely the same over the past several years.
Jobs, jobs, and more jobs should be the focus. With 25.1 million persons who are unemployed, underemployed or discouraged, we have to figure out a way to create jobs. There is a lot of untapped energy and potential in these people, if we can just figure out how to get them the jobs that they want.
California Gov. Jerry Brown believes that "the occupant of the White House should be the candidate who wins the most votes." On Monday, he signed a bill that could hand the state's 55 electoral votes not to the candidate who wins California, but to the candidate who wins the most votes nationally.
Here was the moment when the next Great Recession began. We saw in that crisis the epitome of a failed presidency: the listless leadership, the lack of direction, the lack of pretension (or even pretending) in being presidential, disregard for the consequences of policy. And the certainty that vacations would always come first.
Since President Obama has been in office, the 'Cost of Government Day' has fallen halfway into August. This is fueled largely by explosive federal spending—taxpayers now work 103 days, nearly half of the total cost of government, just to pay for federal spending.
On August 4, Gore was speaking at the Aspen Institute FOCAS seminar in Colorado. The minute plus clip is the most interesting part of an hour-and-half long snooze fest—though he does perk it up when he talks about how climate change has fallen from the front burner of the public psyche. He uses several different fecal terms to describe the various valid theories regarding climate change.
I never had the chance to meet this young man. I know he walked and drove the same streets I do, he ate in the same restaurants, and that he played high school sports, and was a member of student government. I also know that his family is in the midst of shock and grief, and that our town is preparing to give him a hero’s welcome upon his return.
Christians are in the crosshairs around the globe - facing more danger than ever before because of their faith.
In the late 1990’s and through the turn of the century to 2008, people found that $80,000 was not enough. Through credit cards, home equity loans, refinancing, and job switching, a couple could live as if they were making $120,000 per year. Sorry to say, it just wasn’t one couple, it was the entire country.
President Obama, the Democrat party and their members of Congress have spent years blaming former President George W. Bush for the nation's current economic woes, which is akin to blaming the bank's tellers for a bank robbery, or for the dishonesty of their bosses, the bank's executives who were looting the till.
The U.S. Department of Defense must restructure to accommodate deep budget cuts and, more importantly, be ready for the challenges of 21st-century warfare. Those challenges will include unconventional operations and wars fought in vastly expanded battle spaces. Reforms are needed in three areas.
California’s initiative process has long been a thorn in the side of the state’s labor unions and their allies in the Democrat Party. While they have occasionally utilized ballot measure to coax more money out of taxpayers, overall progressives have viewed ballot initiatives as the one aspect of the state’s government that they cannot fully control.
There are people who see no connection between what they have done and the consequences that follow. But Barack Obama is not likely to be one of them. He is a savvy politician who will undoubtedly be satisfied if enough voters fail to see a connection between what he has done and the consequences that followed.
President Barack Obama has called for a luxury tax on corporate jets as a means to generate revenue to fight federal deficits. The president's economic advisers ought to be fired for not telling him that doing so is unwise and counterproductive.
What offended the fiscal pundits of S&P was the "brinksmanship" in Washington that failed to deliver a $4 trillion budget cut. That's why we had the "tea party downgrade." What's odd is that if the tea party didn't exist, there would have been no deficit reduction -- and little demand for it.
For years, the President of the United States has told us that his single economic achievement has been the recovery of the stock market. In his state of the union address this year, President Obama told us, "Two years after the worst recession most of us have ever known, the stock market has come roaring back. The economy is growing again."
The recent Obama debt downgrade has left the United Auto Workers in a shaky bargaining position says an economist with the Center for Automotive Research according to the Detroit Free Press. The results is that union brass is ready to leave workers high and dry.
America's military services devote much time and thought to developing strategic leaders. Producing a leader capable of commanding a combat theater like CENTCOM remains a long and involved process, where experience and maturation progressively hone cognitive, interpersonal and managerial skills.
So Bernanke acknowledges that the economy is sputtering and he hopes and prays that an easy-money zero-interest-rate policy for two more years doesn’t depreciate the dollar and drive up energy and commodity prices all over again. Recall that QE2 sunk the greenback and generated about 5 percent inflation, which ate away at the first-half economy, which came in at less than 1 percent in real terms.
All of this gave a whole new meaning to garbage in, garbage out. The models were not only garbage, but also self-serving to all of the participants from Washington to Wall Street. We all know what happened, and know the S&P ratings based on the information provided was wrong.
Obama is out of any meaningful ideas. When the debt crisis came to a head, the world saw that. Now that the entire international economy is toppling over, the market knows it.
I was much more offended by the alacrity with which Perry, who is expected to announce his candidacy for the Republican presidential nomination next Saturday, abandoned his avowed federalist principles to embrace the legislative agenda of the Christian right. It took less than a week.
Job creation remains unacceptably weak in the Obama economy, which some Democrats are calling the "new normal." Friday's labor report for July showed there weren't even enough new jobs to keep up with population growth, let alone make a serious dent in the unemployment rate.
Tucked in between dramatic stock market drops on Thursday and Monday, there was a little bit of seemingly good economic news on Friday morning. The Bureau of Labor Statistics reported that the private sector added 117,000 jobs in the month of July.
We live in a culture that is 100% monetized. Unfortunately just about everything is judged by money and the lack thereof. In this society a man’s character doesn’t necessarily determine his worth but it’s the perceived amount in his bank account. Madison avenue is done an excellent job of convincing society as a whole that you can only have happiness if you have an abundance of material things.
Ipsos has just released a poll measuring citizens' perception of immigration in 23 countries. Despite what politicians around the world would have their countrymen believe, the average person isn't buying the benefits of current immigration policy.
If it wasn't for those darn Tea Partiers, we’d already be in Obamatopia with unicorn-powered cars and an economy driven to new heights by unity, hope, and most importantly, THE POWER OF LOVE.
One thing is for sure: It's not in Barack Obama to accept personal responsibility for the consequences of his actions and policies. He still won't own this economy and the exploding spending spiral, reminding us at every turn that our problems are a result of what he "inherited".
Much of the interpretation of the Standard and Poor's downgrade of U.S. debt focused on the "dysfunction" of the U.S. political process. And certainly the S and P (which, let's not forget, contributed to the 2008 financial crisis by failing to downgrade bad mortgage debt) invited such analysis by citing "the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate . . ."
The problem isn't the debt ceiling, but out-of-control spending. The bipartisan compromise increased the government's borrowing limit by nearly a trillion dollars but cut less than $2 trillion in spending over the next 10 years, which hardly makes a dent in the problem.
Under the Obama administration, energy subsidies and tax breaks have grown enormously. The EIA reports that the value of direct federal interventions and subsidies in energy markets doubled between 2007 and 2010, growing from $17.9 billion to $37.2 billion. Big energy companies don't need these government handouts.
Corporate profits will continue to rise while business balance sheets are pristine and chock full of cash. Consider the combination of solid productivity, moderate wage rates, and falling commodity prices. These are all plusses for the economy and stocks.
As of the last count by the Associated Press several years ago, there had been over 900 books written about Ronald Reagan. In the last several years, more have been added and given the abiding interest in the Gipper, one can be assured that many more are in the offing.
Perhaps traders were holding their breath thinking that the President, absent since the announcement, was really going to say something that might stabilize the markets and give confidence to skittish businesses. Instead he begged Congress to do something to create jobs and talked about the taxes.
Politicians love to extol the virtues of small business and praise the entrepreneurs who take risks to create jobs – when it's politically expedient for them to do so. But when the political winds change, the political establishment is quick to take to the airwaves to vilify small business owners for being profitable, dubbing them "millionaires" and calling for an increase in their taxes.
It’s not Muhammad Ali vs. Joe Fraser, and it may not even be a fight, but much is being written about a feud between Governor Perry’s team and former George W. Bush loyalists. In particular, how a Perry run could affect the fortunes of Karl Rove.
A disturbing trend has developed over the last few years of broadcasting the suicides of the weak and elderly in society for entertainment. Much of it is due to the glamorization of assisted suicide by a Swiss suicide clinic known as Dignitas.
We were mindless enough to hire someone who detests capitalism and free enterprise to oversee our economy
Why aren't voters moving to the left, toward parties favoring bigger government, during what increasingly looks like an economic depression? That's a question I've asked, and one that was addressed with characteristic thoughtfulness by Democratic pollster Stanley Greenberg in The New York Times last week.
I am frequently asked whether I would be willing to spend the money necessary to send my own kids to a four-year brick and mortar college. The answer used to be a qualified “yes.” But college isn’t what it used to be. So my answer is now a firm “probably not.”
Who can forget that rare moment of honesty during the campaign to pass Obamacare when Nancy Pelosi said “We have to pass the bill in order for you to find out what’s in it”? Now we have it and almost daily there are new revelations about the staggering extent to which our private lives and individual freedoms have been stomped on.
If Britney Spears performs her hit single “I'm a Slave 4 U” alongside exotic animals or dances inside a cage, you assume she craves easy attention but you don’t think that she literally wants to live like a zoo animal. Needless to say, humans do not belong in zoos. Cages do not enable men to grow and prosper.
Advocates for extending marriage rights to same-sex couples think they are on a roll with New York State’s action. Lawmakers and lobbyists cut a midnight backroom deal to push a marriage bill through Albany. They would not dare to submit this issue to New York voters. Some of them remember how state voters turned back the ERA in the Empire State thirty years ago.
The idea of the self-made man, the rugged individualist, armed with nothing but a superior work ethic, character, and talent has vanished from Obama’s vision of winning the future. Clearly, the president does not understand that in his bid to bludgeon Republicans into agreeing to additional tax hikes, he was simultaneously signaling his contempt and hostility for the self-made man.
One week after Democrats drove us to the brink of default because they wouldn’t cut the U.S. budget deficit, White House officials tried to blame everyone from ratings agencies to the Tea Party for the economic woes they created. By my math, that makes the Tea Party 100 percent OK with me.
Last week, President Obama played tough, scolding Congress as he tried to pivot the national political narrative to job creation. The President’s pivot, which he’s tried numerous times before, includes a host of excuses like “headwinds” and “uncertainty” but little in the way of real solutions.
As recently as four months ago "Treasury Secretary Tim Geithner said Tuesday there is "no risk" the U.S. will lose its top credit rating." Early on the president was asking for a "clean" debt ceiling bill with no spending reductions at all, an idea that Democrats brought back in the days before a final agreement.
If the dismal week in equity markets wasn’t bad enough, Standard & Poor’s added insult to injury on Friday when they cut the credit rating of the United States from AAA to AA+. A downgrade that was more symbolic than substantive, but the S&P went a step further and kept the U.S. on review for another downgrade in the near future.
It is a bold move in the fight to protect life. I'm talking about Indiana's new state law that prohibits federal funds it receives from going to abortion providers like Planned Parenthood.
I see Roy and Odin and Mo and Steve this week in the mail bag. We talk Matt Damon- who had a great part playing himself in Team America World Police- SEIU, racism of the progressive type. And we point out once again that numbers and words aren't the strongest skill sets for liberals. Besides that, they're bleeping golden.
He should quit blaming the rich for being successful and take a look in the mirror. Instead of quoting my father to justify himself and his shocking incompetence he should try to imitate my Dad and try to govern as well as my Dad did.
Like Thelma and Louise, the American economy, with Obama at the wheel, is heading for a cliff. Hopefully, the credit rating downgrade will be a speed bump that slows us down enough to realize that what we are doing isn’t working and we need a course correction. Since the president will not change direction, we’ll change him.
Even a rat in a maze will adjust his behavior sooner or later, especially when he keeps hitting the wall that doesn’t open up and give him the reward. But Obama is hell bent on destroying our economy, making decisions that even a first year economics student would find ridiculous.
Late this week, Standard & Poor's dropped the credit rating for the United States of America for the first time since 1917. While most countries were cautious about the downgrade, China slammed the Unites States' addiction to credit calling for a new world wide reserve currency.
The U.S. military needs massive restructuring. The National Security Act of 1947 institutionalized the Industrial Age force extant today. Now, the armed forces of the United States would be hard-pressed to counter a North Korean invasion of South Korea without using nuclear weapons.
Like many of you, I involve myself in politics in an attempt to preserve what we still have of the original dream. And while I may not have spent sufficient years on this planet to be considered wise, decades of observation have made me certain of this; those who respect life, liberty and property are also those who recognize that one unique and specific Creator described in the American Declaration.
Let's face it, if your contentment level is tied to your 401(K), you're probably not feeling too good right now. The Dow Jones Industrial Average has dropped precipitously, job numbers are weak, consumer spending is down, and we may be on the brink of a double dip recession.