In an incredible admission of failure, the Obama administration has abandoned the long term care insurance program that was part of Obama Care. The reason: The health reform act had a provision that required the Secretary of Health and Human Services to certify that the program would be solvent for 75 years before the program could be launched.
Obama has offered us nothing but our blood, our toil, our tears and our sweat; and for what? So public employees can continue to bust public budgets on Cadillac benefits that you and I can’t afford. All this while he pushes "austerity" down the throats of a sovereign Greece.
The Occupy Chicago crowd has unsurprisingly turned to domestic terrorist-turned-university professor Bill Ayers.
As it turns out, Mr. Papandreou's seemingly democratic gesture was more likely a political tactic to lure the opposition conservatives into sharing the political burden of passing the bailout deal. Although many of these conservatives had likely supported the bailout package, they kept their distance due to its extreme unpopularity on the street.
The reason we find that conclusion to be significant is because the Taxpayer Relief Act of 1997 left dividend tax rates unchanged - they continued to be taxed at the same rates as regular income in the United States, which provided a powerful incentive for investors to treat the two kinds of stocks very differently, favoring the low-to-no dividend paying stocks over those that paid out more significant dividends.
Toward the end of Hamlet, the Queen remarks, "One woe doth tread upon another's heel, so fast they follow." I was reminded of her doleful remark Wednesday as the president promoted his latest inane budget-busting panacea.
A smaller-than-expected 80,000 gain in nonfarm payrolls was bolstered by upward revisions in the prior two months, amounting to 102,000 additional jobs. So over the past three months the establishment survey has averaged 114,000. It’s really nothing to write home about.
Uncle Sam has hit on a new plan for winning those ever-elusive Afghan "hearts and minds."When nature calls, he wants every U.S. Marine equipped with a map and compass, to ensure that no U.S. Marine in Afghanistan urinates in the direction of Mecca ever again. Now, there's a winning strategy.
There are at least five debates scheduled for the entire GOP field in the balance of November, and one “Lincoln-Douglas” style debate between Newt Gingrich and Herman Cain as well, set for tomorrow in Texas.
President Obama couldn't wait to trample over the legislative process again. This week, he issued his 98th executive order on an irresistibly exploitatable policy issue: prescription drug shortages. Soon, "One a Day" won't just be a multivitamin. It'll be the rate of White House administrative fiats.
No one who followed politics 20 years ago will forget the night when Clarence Thomas sent an electric charge through a Senate hearing room. As liberal Democrats pushed the unproven sexual harassment charges of Anita Hill, in an attempt to destroy Thomas's chance to serve on the Supreme Court, Thomas called them out for conducting a national disgrace. "This is a high-tech lynching for uppity blacks who in any way deign to think for themselves."
As many Americans no longer believe in American exceptionalism and others believe America's greatness is guaranteed to extend perpetually, we could all benefit by reviewing the history of the British Empire, the realm from which we sprung and acquired so much.
Wisconsin Governor Scott Walker chastised union-led Occupy Chicago protestors who interrupted his speech yesterday with chants of “union-busting is disgusting” at Chicago’s Union League Club.
The accusations of sexual harassment against Herman Cain are so far small potatoes, and badly baked at that. On a scale of 1 to 10, they're hovering around 2. An accusation is only an accusation until we know who's making it and hear her evidence.
President Obama recently compared the Tea Party to the Occupy Wall Street protests, telling ABC News’ Jake Tapper, “in some ways they’re not that different.” We beg to differ. The Tea Party and the protestors are almost exact opposites.
Wars and depressions largely characterize the periods of time where there have been significant run-ups in the level of the U.S. National Debt Burden per Capita, with the debt taken on to support the costs of the U.S. Civil War and World War II being the most significant.
In an Oct. 6 video Anonymous activists set Nov. 5 as the deadline for Los Zetas to release an Anonymous associate allegedly kidnapped in Veracruz. The associate reportedly was abducted during an Anonymous leaflet campaign called “Operation Paperstorm.”
A stabilized Europe, coupled with a U.S. economy that is likely to dodge a recession, means oil prices are starting to perk back up. Crude oil, of the West Texas Intermediate (WTI) kind, shot up from $77 a barrel to $93 in October and, before long, expect to see gasoline prices quickly move back to the $4 mark.
Most income investors probably see this yield and don't look twice. But if you're only looking at companies that pay yields of 6% or more, I think you're making a big mistake.
Political pundits suggest that Colorado is “the king of swing states,” a “critical swing state,” and a “super swing state” because of the movement of our political pendulum from red to blue to purple in just the last decade, as well as our high number of unaffiliated voters. If that's true Democrats are dead, politically.
The Federal Reserve is still in quantitative easing mode despite the fact that it announced Wednesday it would hold off any new actions to aid the economy, Republican presidential candidate and Congressman Ron Paul said on the Kudlow Report last night.
Imagine someone showing up at your home and saying: “We’re from the government. We’ve determined that this dwelling has more living space than you and your family need. There are so many people who do not have enough. So we’re going to move another family in with you.”
Many – including the Occupy Wall Street (OWS) crowd – have expressed outrage over Bank of America’s recent attempt to charge customers a $5 monthly fee to use their debit card. These people deplored the move and used it as another symbol of greedy Wall Street “Robber Barons” sticking it to the little guy.
It will take more than a generic Republican candidate to defeat President Obama next year. Repubicans will need a leader that can inspire millions to get involved and take action. Enthusiasm, optimism and passion are called for to make the movement work.
First lady Michelle Obama the other day railed at "the few at the top," who do all sorts of bad things. A few months ago, we began hearing of the "1 percent" who are responsible for the current economic mess. "They" apparently make all their money at the expense of the other 99 percent. Are they the same as last year's villains, who had not paid "their fair share" in making over $200,000 in annual income?
Charles Krauthammer of Fox News: "Do you think that race, being a strong black conservative, has anything to do with the fact you've been so charged (with sexual harassment)? And if so, do you have any evidence to support that?"
Up to 40 million Chinese people still live in caves. That's more than the populations of Texas and Illinois, combined. In fairness, a fraction of these caves are apparently pretty nice, complete with electricity and well-compacted dirt floors. But that's grading on a curve because, well, they're still caves.
Tenure must go. And so must Professor’s unions. If you don’t agree with me then perhaps you have yet to familiarize yourself with the case of Professor Edward Larkin. This tenured psychopath will keep his job despite exposing himself in public in front of a 17-year old girl and her mother.
The federal government has lost another 72 million of your tax dollars. Here we go again.
The centrist elements have often led the country to believe that limited government meant accepting half the social and economic agenda that more radical Democrats propose.
Kasim Reed is a Democrat. He supports President Obama. He's no candidate for converting to the GOP. But whether one is a Republican or Democrat, they should be following the career of this young and vibrant man who is teaching the rest of America how to handle a crisis.
The X-Men movie series, based on the comic books of the same name, is well-known for its unusual cast of gifted mutants and for its extraordinary special effects. What is not as widely known about the X-Men is the fact that the movies, along with the comic books, draw many clear parallels between the mutants and the gay and lesbian community.
At the Heritage Foundation last week, House Budget Committee Chairman Paul Ryan demonstrated why he doesn't need to be running for President to be framing the debate for 2012. He delivered there on October 26 a breathtakingly beautiful speech on Saving the American Idea, which defines the Spirit of 2012.
What the S&P 500's dividend futures are signaling is that these quarters will be pretty lackluster in terms of overall economic growth. Given the lagging effect of the dividends, we currently expect the U.S. economy to begin slowing significantly in the first quarter of 2012, recover a bit, then fall back in the second half of the year.
As our nation and our world spin more and more dangerously out of control because fewer and fewer people of substance, faith, and integrity are willing to step into that perilous arena, we need to pause every once in a while to acknowledge those who have.
In no way do I want to contribute to unemployment, but perhaps the most useless profession is equities analyst. However, every bank, brokerage firm, mutual fund, and broker dealer seems to differ with my opinion because they employ dozens of these people.
A tax on trading seems like nirvana to a lot of people that don’t understand the unintended consequences of that particular tax. The tax wouldn’t just ensnare the darned greedy speculators, but it would ensnare every single American consumer in a variety of under the radar ways.
As we find ourselves gliding through another week of political headlines, I continue to be amazed by the ream of personal attacks mounted against Herman Cain by black liberals. From calling Cain a “sell out” to “Uncle Tom” because he chooses to be a Republican doesn’t sound like progressive talk to me but rather backwards racist talk.
As you know I’ve been following this MF Global story very closely, and the more I read the more upset I get. MF Global was a big institution with a lot of positions—futures, options, stocks, ETFs—and they were all overleveraged by one gigantic egomaniac named Jon Corzine, Mr. Champagne Socialist, the former co-chair of Goldman Sachs and former New Jersey governor.
It is a revealing, and perhaps sad, commentary on the state of the GOP nomination process that so little - if any - discussion has been spent on the proper role of the federal government's most powerful branch, the scope of its powers, and the identity of its future members.
By spending the last three decades leveling accusations of "racism" every 10 seconds, liberals have made it virtually impossible for Americans to recognize real racism -- for example, the racism constantly spewed at black conservatives.
I haven't got a clue what happened or didn't happen while Herman Cain was CEO of the National Restaurant Association. There appear to be fewer than a dozen people -- the two women and their lawyers, the general counsel and whoever produced the paperwork at the association, the people who wrote and signed the checks, and Herman Cain -- who do know, and as of this writing none of them are talking. So, let's put aside what, if anything, Cain did wrong.
At the Occupy Phoenix demonstrations, fliers encourage protesters to violently resist police officers, asserting that "you will usually have only two options: submit, or kill the cop." At Zuccotti Park in Manhattan, an Occupy Wall Street protester was sexually assaulted in her tent; according to the New York Post, a woman was raped at the same site a few weeks earlier.
Bullying? In my opinion we aren’t bullying this president and the rest of the politicians nearly enough. If I thought it would make a difference I’d call them all every name in the book and then switch languages and do it again.
The next stage of the Aimless Occupation of America is upon us: On Wednesday, rabble-rousers in the San Francisco Bay Area will walk off jobs they don't have and encourage everyone else around the country to abandon work to protest high unemployment.
After Moammar Gadhafi's downfall as Libya's tyrannical ruler, politicians and "experts" are saying that his death marked the end of 42 years of tyranny and the beginning of democracy in Libya. It's good to see the removal of a tyrant, but if we're going to be realistic, there's little hope for the emergence of what we in the West call a democracy.
NBC anchor Brian Williams, in the argot of the moment, certainly belongs to "The One Percent." He lives in the glass-encased Bloomberg Tower in mid-town Manhattan, 34 stories above the tony restaurant Le Cirque at 58th Street and Lexington Avenue.
Now is a particularly dangerous moment for American national security interests. Not just because threats are growing. Not just because the current administration is making a historic bungle from China to Iraq to Iran to Russia to Europe to Mexico to our historic allies in the Middle East -- both Jewish and Muslim. All that would be bad enough.
Ask yourself: If similar accusations were aimed at any liberal candidate would the mainstream media, aside from condemning the charges, give them much publicity? Ask Paula Jones, harassed by the media for daring to accuse President Clinton of sexually abusing her. They smeared her mercilessly.
With Rick Perry suddenly pushing a flat tax and Herman Cain substantively revising his popular 9-9-9 revenue plan, GOP candidates may finally refocus their feverish, fatuous immigration obsession, dropping an issue emphasis that’s destructive, distracting, demented and downright dumb.
Several months ago, film critic Nell Minow – aka The Movie Mom-- presented a segment on “Roger Ebert Presents” about corporate villians and she noted that "the most frequent villian in movies is the American corporation." She added that many films, which are often made and distributed by corporations themselves, use corporations as their “villain of choice”.
If anything good came out of the deal House Speaker John Boehner cut with President Barack Obama to increase the limit on the federal debt by as much as $2.4 trillion, it was that the legislation enacting that increase also provided that by the end of this year both houses of Congress must vote on a balanced budget amendment to the Constitution.
A person can't go but a few clicks on the Internet these days without tripping over some shocking item about the "explosion" of income inequality that has, like the dark smog of capitalistic excess, been choking the life out of this unjust nation.
To the chagrin of European Union negotiators, the Greek government of Prime Minister George Papandreou has decided to ask the Greek public to give its yea or nay regarding the terms of the European Union's latest bailout agreement.
Both Labor and Occupy bemoan a dilapidated economy that can’t create jobs; both blame capitalism for the paucity of those jobs, and both are bent on a series of actions that assures the U.S. never sees the jobs they each claim to want.
As the appalling details of New York City’s newly mandated sex ed program trickle out, parents have reacted with shock and disgust—and rightly so.
When he took office, Barack Obama promised "an unprecedented level of openness in government." As a major part of that commitment, he pledged fidelity to the Freedom of Information Act (FOIA), which he called "the most prominent expression of a profound national commitment to ensuring an open government."
Reducing the power of bankers and the political class — along with gold’s empirical record of turbo-charging job-creation and economic growth — is core for gold’s proponents. Thus, that inevitably will become public knowledge and make gold a potentially huge electoral asset.
One thing we know is Papandreou's call for a vote of confidence is on. We also know his fragile coalition holds an extremely slim 3 margin majority in Parliament.
According to Berkshire Hathaway's (NYSE: BRK-B) most recent filing, the company just purchased 189,000 more shares of this stock. Buffett and Berkshire already had a 216,000 share stake in the company. With the new purchase, they now own 405,000 shares -- a stake worth roughly $125 million.
WORLD Magazine’s current cover story is about hope in Afghanistan. This column is about hope in America. Occupy Wall Street cadres shout that selfishness rules America, but thousands of compassionate programs show that an odds-defying altruism remains. Some programs are Christian, some are secular—and let me say a few words about both kinds.
Segregating those funds is a sacred trust between trader and firm. There is no higher calling for a firm. Your customer accounts are sacrosanct. You might earn a little yield over night on the excess in the overnight Repo market, but you never put those funds at risk. That’s the traders job.
Using the advance GDP estimate for the third quarter of 2011, which will be revised at least twice more before being "finalized" (pending later revisions), we can reasonably project that the inflation-adjusted value of U.S. GDP for the fourth quarter of 2011.
Russia’s ultimate plan is to re-establish control over much of its former territories. This inevitably will lead Moscow and Washington back into a confrontation, negating any so-called reset, as Russian power throughout Eurasia is a direct threat to the U.S. ability to maintain its global influence.
As long as you're working and your employer offers a 401(k) plan, you're eligible to contribute to it.
Countries and regions of the world are defined by the political ideologies they espouse. The West, for example, has for a long time stood to mean democratic and economically prosperous nations, and the Soviet Block represented a collection of communist and socialist nations, while the title of Middle East stirs up images of dictatorships, caliphates, and Sharia Law.
Frederick vom Saal, who is wrong with the same consistency and regularity, is another story. vom Saal is the University of Missouri researcher who has created a mini-industry of opposing use of the chemical Bisphenol A or BPA.
Last week, President Obama blasted Congress for refusing to “act.” He’s right; it won’t. But Obama ought to focus the blame where it really belongs: on his own party. Because it’s the Democrats in Congress who are causing gridlock -- intentionally -- especially those in the Senate, which has been in Democratic hands for nearly five years now.
During a Senate Judiciary subcommittee hearing today on Capitol Hill, Assistant Attorney General Lanny Breuer, who is facing pressure surrounding his role in the Obama Justice Department’s Operation Fast and Furious, asked for more gun control and blamed law abiding gun shop owners for violence in Mexico.
The Washington Post's vendetta against Cuban-American Marco Rubio continues with another hit-piece last week and with MSM soulmates CNN and The Los Angeles Times chiming in. But the WaPo's rancor against the most lopsidedly Republican voters in America didn’t start with the Rubio hit-piece last month.
Russian's non-Putin President Dmitry Medvedev (a.k.a. President Placeholder) met with a group of small businessmen in Moscow over the summer to discuss their challenges. One can only imagine where to start. So Medvedev, according to state news agency RIA Novosti, offered some direction: "The youth believe that (the civil service) is an example of how to be successful quickly without the need to apply any effort."
Herman Cain has recently shot up in the GOP polls, demonstrating that he could be a threat to President Obama in the general election. With such positioning however, comes increased scrutiny. To that cause, critics have chosen the centerpiece of Cain's message as their attack point: the 999 Tax Plan.
There are a lot of fine candidates running for President who are not Mitt Romney. You can certainly say fantastic things about Rick Perry, Herman Cain, Michele Bachmann and some of the other candidates who are reaching for that brass ring. Like everyone running, Newt Gingrich has his flaws, but given the state of the race, it's time to start giving Newt serious consideration.
U.S. District Court Judge Catherine Eagles last Tuesday granted a request for a preliminary injunction that temporarily blocks a provision in North Carolina's new abortion-restriction law that would require women seeking an abortion to view an ultrasound image of their womb within four hours of the procedure.
Appearing the other night on the Catholic network EWTN, I was asked by Raymond Arroyo what should be done about Muslim students at Catholic University demanding that the school provide them with prayer rooms, from which crucifixes and all other Catholic symbols that they found offensive had been removed.
Patricia McAllister is the anti-Semitic gasbag who recently spouted racist remarks to Reason.tv. She was summarily fired by the Los Angeles Unified School District where she was an at-will substitute teacher. When a Fox 11 reporter gave her a chance to clarify her remarks, she continued with the same moronic diatribe: “Jews have been run out of 109 countries throughout history – we need to run them out of this one.”
What's bad news for your vacation is great news for your international income investments.
Interestingly, the content of the three-day event seemed far more conservative than at the other shows, perhaps reflecting the mostly Midwest audience, or maybe because the enthusiasm for speculation has been tempered by the sideways, but volatile, market activity recently.
It is, perhaps, the only holiday where the participants are virtually required to approach a stranger's house for the purpose of seeking treats or fun. And that's where the fear starts, because what if that house belongs to that recent transplant from Transylvania whose hospitality is such they invite you in.
When the Occupy Wall Street protest began, most Americans didn’t know what to make of it. Some immediately passed judgment (“They’re just a bunch of want-to-be hippies!”), some immediately took to its defense (“They just want equality!”), but most people watched in a mix of confusion, appreciation, fear, and fascination.
Moammar Gadhafi is dead. Abdelbaset al-Megrahi isn't. Despite his being convicted of planting the bomb that brought down Pan Am Flight 103 on the night of December 21, 1988, killing all 259 people aboard and 11 others on the ground when it crashed in the vicinity of Lockerbie, Scotland, scattering debris and bodies in its wake.
Why is New York Governor Andrew Cuomo hindering the Americanization of new immigrants? Like this writer Cuomo is the descendant of Italian immigrants. His father, Mario Cuomo is one of the great Italian-American success stories of the Twentieth Century.
In pulling the US military out of Iraq, the president is doing what he said he would do. If it all works out, he will be able to trumpet his success in safely bringing the troops back. But if he turns out to have squandered the peace after so many sacrificed so much to win the war, there won't be much doubt about who lost Iraq.
Twenty years ago this month Clarence Thomas was sworn in as an Associate Justice of the United States Supreme Court. The battle to confirm him was vicious, and Floyd had a front row seat.
It was a normal Shabbat afternoon in Jerusalem's Ramot neighborhood. Children were outside visiting with their friends and playing in the empty streets. But the tranquility of the scene was destroyed in a moment, when a Palestinian terrorist crept up on 17- year-old Yehuda Ne'emad and his friend and began stabbing Ne'emad in the abdomen and shoulder.
Nearly every week, I come across an article where parents in some community are in an uproar over school districts promoting inappropriate sexual materials to our kids. Whether it’s related to homosexual behavior or other age-inappropriate sexual issues, there seem to be school districts across the land intent on sexualizing our kids.
Tasked with analyzing Herman Cain's surge in the GOP's Presidential campaign for MSNBC last week, Finney offered up the most outrageous, insulting, demeaning single sentence we have ever heard – particularly by someone who supposedly speaks for an entire national political party.
I realize I tend to be somewhat of a curmudgeon when it comes to investing but it seems way too early to be popping champagne on either the European bailout deal or the U.S. economy. When you look at the amount of cash still on the sidelines it just doesn’t make sense there would be a lot of investors selling gold in favor of “risk on” investments like equities.
The stock price completely recovered from the 2008 Financial Meltdown, rose as high as $116 in May 2011, then corrected down to $67 with the early October lows in the stock market.
Issuing bonds in another currency risks financial suicide. Currency movements add to the already massive potential risk of huge fluctuations because of leverage.
Everyone knows why Texas Gov. Rick Perry wants to skip some of the coming Republican presidential debates. He's a lousy debater, and the biggest single factor in his fall from front-runner to back-in-the-pack has been his poor performance in several high-profile debates.
The argument is being made in some quarters that, however unsuccessful Barack Obama's domestic policies have been, his record in foreign policy has been successful. But when you examine the claims of success, they seem a bit peculiar.
A green company hurtling towards bankruptcy with strong ties to Senator Harry Reid paid a director the lion's share of $750k for Obama loan guarantees.
I have tax reform guidelines, and they’re not for dummies. My guidelines are for smart people who think rationally. Irrational folks like Warren Buffet may need to eat a bag of Halloween candy before they’re alert enough to understand my conception of ethical taxation.
It's becoming clear: Obama thinks American voters are stupid. Anyone believing Obama's current campaign promises is either gullible or amnesia-prone. Increasingly, his campaign speeches indicate a rather pitiful and cynical hope that Americans will not remember his earlier promises nor will they recall past decisions by the Obama Administration that have failed so spectacularly. Obama’s reelection strategy seems dependent upon an ability to fool most of the people one more time.
It’s not difficult to see why Herman Cain has risen in the electoral polls. He clearly states principles that Republicans believe, and he does it without hesitation and without remorse. If you don’t love Herman Cain, you’re probably neither a Republican nor a conservative. But the big question is whether he should be the Republican nominee for President.
The OWS crowd was pretty upset with the story OWS Goes All OWS on Itself this week; and an acccounting scandal in the California Democrat Party has liberals crying: "It's the Repuplicans' fault; they did it too; we're blameless." Click away for another Email, Hate Mail session.
Two issues plague Democrats when it comes to congressmen representing swing districts: The moderates don’t get heard in Washington, and centrist districts are rapidly becoming extinct because of the way congressional lines are being drawn.
“Energy independence.” Doesn’t that sound like a great idea? Unfortunately, in the era of Barack Obama the goal of enabling the United States to meet its own energy needs has been subverted by some very destructive politics.
Last week I was asked to lend my aging mug and highly attuned smart mouth for a documentary film regarding how the “religion of peace”—via political correctness in the public school system.
A number of years ago, I was on Larry King Live and was asked point-blank if I had a problem with the appointments of Justices Roberts and Alito (both are Roman Catholics). My answer was very clear that I did not, as long as they shared my own conviction of upholding the Constitution — not trying to rewrite it — and as long as they were committed to the Biblical values of the Founding Fathers. I was certain that both men were.
Within social media, the first real player was My Space. My Space was superceded by Facebook. Now, Google+ has tried to take Facebook on. It’s way to early in the competition to know what will happen, but Facebook has had to step up its game and innovate it’s platform simply because Google+ is around. That’s good for all of us.
Fresh back from Brussels, former assistant US Treasury Secretary Charles Dallara. He is the managing director for the Institute of International Finance. He was the lead negotiator for the banks and the private creditors regarding the Greek debt.
#ThanksMichelleObama Trends on Facebook as Students Express Displeasure with School Lunch | Christine Rousselle