In the spirit of the recent holiday, among the many things for which Americans should be thankful is a political decision made more than 67 years ago as the Second World War was beginning to wind down and as the nation’s voters prepared for a presidential election. It was one of Franklin Roosevelt’s finest moments of decision, though admittedly, one he exercised reluctantly.
Remember, there’s no U-S-A in small business. Ok, maybe there are the letters U-S-A in small business, but why let the facts get in the way of another Obama's Potemkin jobs moments.
Stars of stage, screen and Democratic politics like Morgan Freeman and Alec Baldwin sound so much better when they let others write their lines. Rather than expose their prejudices. They can be so intelligent when following a well-written script. But left to their own clumsy devices off camera, they can say some fairly idiotic things.
As the saying goes, “Sometimes the remedy is worse than the disease,” and this could not be truer than with this administration’s intervention into companies afflicted with the economic cancer spreading around the globe. Many of these companies were deemed “too big to fail,” and without our help, we were told the economy would implode. Are we better off considering the sputtering economy, high unemployment, rising poverty, and a worsening mortgage crisis? Is this remedy worth the economic misery? I, for one, think not.
Back in 1985, Charles Krauthammer, writing in Time magazine, called President Ronald Reagan “the master of the new idea.” Among the then-novel notions he was championing: limited government, supply-side economics and developing the technological means to defend America against missile attacks.
Using the Fed balance sheet to absorb the losses that should have been borne by creditors and shareholders is not conducting monetary policy. It's a bailout.
While it is unreasonable simply to say that Iran will dominate Iraq, it is fair to say Tehran will have tremendous influence in Baghdad to the point of being able to block Iraqi initiatives Iran opposes.
The recent setback for the U.S. Intelligence Community – specifically CIA – wherein scores of operators working for the Agency were seized by Iranian security forces in Iran and Hezbollah (Iran’s proxy army) in Lebanon; speak to two disturbing truths.
I've taken a look at several small stocks that recently saw significant insider buying and found three companies that appear to have especially strong appeal.
The culture of Hollywood has just been beautifully defined by two awards-show decisions. The first one was Brett Ratner being dumped as the director of ABCs Oscars telecast after he said, "rehearsals are for fags." It wasn't long before Ratner turned himself in for "negotiations" with the gay, anti-defamation cops about doing PC penance.
For many years, observers of the US State Department on both sides of the American political spectrum have agreed that State Department officials suffer from a malady referred to as "clientitis." Clientitis is generally defined as a state of mind in which representatives of an organization confuse their roles.
Thanksgiving is the holiday that pulls families together, squeezing them around a table for a feast of turkey, tradition and togetherness. We encourage conversations meant to be personally relevant, but sometimes they turn into a horizontal Babel, with each generation speaking in a different tongue.
If Obama authored legislation, on say, immigration, or the debt ceiling or his own version of healthcare- if he told us what he really thought of the Main Street American bank or those who truly occupy Main Street- Americans would understand how bankrupt the man is.
Terri Schiavo would have been 48 this December 3 … not a major mile-marker among we, the living, but a cause for reflection for those who loved her, and for all those who fought so valiantly to save her, in those terrible years and months and days before she was starved to death, by court order, in March, 2005.
Christmas is a wonderful time of year. Lights and carolers, sleigh rides and family gatherings, colorful trees and presents that bring a sparkle to children’s eyes. It is a time of giving and a time of cheer, and for many, it truly is “the most wonderful time of the year.”
Since the ObamaCare legislation also requires every citizen to buy health insurance, the government mandate would force Catholics to buy health care plans that violate Catholic doctrine. Catholic insurance agents would face the additional dilemma of selling a product that violates the moral teachings of the Church, or change professions.
But thanks to horizontal drilling and fracking technologies, the United States is now awash in accessible, cleaner-burning natural-gas resources. And the resulting flood of natural gas has created a surplus, causing prices to collapse.
From my Religious Left friend, Jim Wallis: "It's time to invite the Occupy Movement to church! And Thanksgiving is the perfect occasion." Good luck, Jim. I sincerely hope things in New York in 2011 turn out better than they did in Chicago in 1969.
We all know that President Obama is not immune to the influence of donors on his decisions. With less than twelve months until the 2012 election, both the unions and the environmentalists will be buying—oops, I mean vying for—his favor.
There ain't no such thing as a free lunch. Everything demanded by the Occupy Wall Streeters -- whether "free" health care, a "world-class education" or a "guaranteed living-wage income regardless of employment" status -- costs money.
What if the whole purpose of the Constitution was to limit the government? What if Congress' enumerated powers in the Constitution no longer limited Congress, but were actually used as justification to extend Congress' authority over every realm of human life?
In these days of Occupy Wall Street demonstrations across the U.S., it’s important to see what motivates Obama administration policies here and abroad. Mr. Obama, as a candidate, had to bat away accusations that he was close, too close, to Rashid Khalidi, a radical Palestinian Arab intellectual.
With our music teacher, Mrs. Feigenbaum, at the piano playing the melody – the Toreador's Song from the opera "Carmen" – and the lyrics handed out to us on mimeographed pages, my 4th-grade classmates and I practiced one of the songs we were learning for our school's Thanksgiving assembly.
On Sunday morning we lost a big-hearted prodigy: Teddy Forstmann, financier, political player, philanthropist (especially for the young and those in education) and a bit of an adventurer. I know -- I accompanied him on some and feared for my life. He was a member of the Board of Directors of The American Spectator in the 1980s and early 1990s.
In late 1620, Pilgrims aboard the Mayflower reached the New World to found what would become Plymouth Colony. Governed by the Mayflower Compact—the representative government established through it—they thanked God for their safe voyage and disembarked the vessel with a cold winter before them.
When I graduated from college in 1976, I got a job in Washington with the National Taxpayers Union, which was working to get a constitutional amendment to require a balanced federal budget. Someone graduating today could sign up there and pursue the same goal.
The history of America's recessions is provided at the website of the National Bureau of Economic Research (NBER). Before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months. Yet here we are 47 months after the last recession started, and we still have no real recovery.
I don’t think the average person on the street understands the fiduciary breach that Corzine and MF made with the industry. It would be like your bank taking your checking account funds and using it to plug holes in the cash flow of the business. Then, declaring bankruptcy and you not being able to get any of your money-with a high probability of you losing all of it.
Against the backdrop of the forthcoming Supreme Court challenge and GOP nomination process, where the candidates debate the best policies for the “replace” plank of the GOP’s “repeal and replace” agenda, emerges the third dimension of the national health care debate: state-based health care reform
Bored with the Penn State scandal because it didn't implicate any prominent Republicans, the mainstream media have suddenly become obsessed with Grover Norquist's "Taxpayer Protection Pledge." They are monomaniacally fixated on luring Republicans into raising taxes.
Psychiatrist Karl Menninger, founder of the Menninger Clinic, raised the question, “Whatever became of sin?” in his 1973 book title. There was a time when U.S. presidents made certain that our sin didn’t fade from our national conscience. Not this year.
I can give you a long list of reasons why it is preposterous to suggest that Almighty God, the Creator of the universe, is performing football miracles for Tim Tebow.
We ought not ask ourselves if we have more or less to be thankful for. It’s the same year in, year out, from beginning to end: we’re meant to be thankful for life, marked by every kind of human experience, and devised for gratitude to the One who created us.
In the Nevada Development Authority's latest ad on Fox News, entertainer Clint Holmes, broadcasting from McCarran Airport in Las Vegas, extols the airport's frequent-flier-friendliness and the virtues of living and working in Nevada.
If you think the goal was to solve the country's fiscal crisis, then obviously the Super Committee was a complete failure. But, if you think the goal was to improve the chances of the Obama administration being re-elected in 2012, it was a complete success.
On March 5, my 18-year-old cousin disappeared from her University of Washington campus in Seattle. Marizela Perez -- 5-foot-5, 110 pounds, short black hair with brown/red highlights and bangs cut into an asymmetrical bob, wearing a dark hooded jacket, jeans and light brown suede boots -- was last seen at a Safeway grocery that fateful Saturday afternoon.
Whether the matchup between Newt Gingrich and Mitt Romney is the final bout on the GOP primary card is impossible to know. The whole season has been more like professional wrestling than boxing, with weird characters sporting implausible hair appearing out of nowhere to talk smack and explain why they are the greatest in the world. (I'm looking at you in particular, Mr. Trump.)
Now, in a form of poetic justice that shows that God has a sense of humor and a long memory, the GOP just may be given back that moment of opportunity in 1994 when the Contract with America propelled the House to a Republican majority for the first time in 40 years.
As we head into Thanksgiving, life’s pretty rough for many Americans. A new survey shows that our national pessimism is at an all-time low, particularly on financial matters. Ninety percent of Americans say this is a tough time to get a job and seventy percent rate their own financial situation as “fair” or “poor.” Even the price of a Thanksgiving dinner is up 13% over years past.
I repeatedly watched, while working in the Senate, Fannie/Freddie invoke their “private” nature in order to avoid regulation while invoking their “public” nature to gain protection and privilege. The result was little accountability from either the market or the government.
Next March, the U.S. Supreme Court will hear the challenge by 26 states and the National Federation of Independent Business to the constitutionality of the Patient Protection and Affordability Act, better known as Obamacare. A ruling is expected by mid-summer.
According to its website, "for more than 90 years, Planned Parenthood has promoted a commonsense approach to women's health and well-being, based on respect for each individual's right to make informed, independent decisions about health, sex, and family planning."
At press time, the leading non-Romney in the Republican presidential race was Newt Gingrich. It's not easy keeping up with who holds that distinction, it changes so rapidly. Is it Michele Bachmann, Rick Perry or Herman Cain today? Ring around the rosie, they all tend to fall down once they're closely examined. For the moment it's Newt. (It's hard to resist calling so familiar a figure on the American celebrity/scandal scene by his first name.)
It's been a rough month for Canada. America's biggest trading partner and overall non-jerk country just wants to sell some oil to its friends. Canada is sitting on a black-gold mine, but its oil sales are unable to keep pace with production -- a problem that will only increase as the nation further taps the Alberta oil sands and Arctic territory.
The so-called "supercommittee" was doomed from the start, a victim of pie-in-the-sky thinking that a small, secretive legislative cabal could fix the debt crisis.
The idea that six Republicans and six Democrats in the midst of a highly charged election cycle could produce a budget-cutting plan within a few months was preposterous at best.
"Alice in Wonderland" was written by a professor who also wrote a book on symbolic logic. So it is not surprising that Alice encountered not only strange behavior in Wonderland, but also strange and illogical reasoning -- of a sort too often found in the real world, and which a logician would be very much aware of.
I also detailed how the mainstream media are accelerating their progressive blitz not only to hasten the second coming, or election, of President Barack Obama but also to help him and other progressives in reaching their final goal of "fundamentally transforming the United States of America."
Some twenty years ago, there was a rough-looking man who used to frequent the Mississippi bars where I once made my living playing music in acoustic duos and trios. I remember him because he always stood in the back and applauded enthusiastically. He would even shout out words of encouragement in between requests. I remember that he liked the Allman Brothers and wished we would play more of their songs.
President Obama's cheerleaders are starting to peel away along with his approval ratings, and it's a fascinating sight to behold. They offer different reasons, but they all boil down to one obvious thing -- Obama is first and foremost about Obama -- and one less obvious: He has been a failed president.
The initial shock of the child abuse scandal at Penn State was disturbing enough, but what came later may have been even more so. That Joe Paterno, other coaches and members of the administration failed in a straightforward, utterly uncomplicated moral task -- to protect defenseless children from rape -- is almost mind numbing.
Now it's Newt's turn. Having risen to the top in some opinion polls, the former speaker of the House is taking heat for large consulting fees paid to him by the government-sponsored mortgage company Freddie Mac for wisdom a New York Times editorial said was so simplistic it might have come from a fortune cookie.
There is a problem with the Bowl Championship Series, but it’s not the one you probably think. College football doesn’t need a playoff. A traditional playoff system – an eight-team or even four-team bracket – brings nothing in the way of advantages over the current system and probably would make things considerably worse.
A few months ago, Washington's big bad wolf was Republicans' refusal to compromise by supporting any deficit reduction plan that included tax increases. Republicans were unreasonable, editorial pages fulminated, obstructionist and standing in the way of meaningful reform.
A trigger provision, buried in U.S. laws since 1990, quietly took effect at the end of October. The U.S. taxpayers' annual donation of 22 percent to the United Nations Educational Scientific and Cultural Organization's budget was summarily terminated when UNESCO voted 107 to 14 (with 52 abstentions) to approve full membership for Palestine.
Last Monday, November 14th, the National Broadcasting Corporation announced that have hired the estimable Chelsea Clinton as a full-time special correspondent for NBC News. The appointment, effective immediately, will assign Ms. Clinton to stories on the NBC Nightly News and its “Making A Difference” series, according to Steve Capus, President of NBC News.
While necessity is the mother of invention, sloth and envy beget mediocrity and upheaval – the twin siblings of secular-socialism. It is in this vein that a rebellious and increasingly violent spirit of incoherent anarchy continues to fester in urban centers across the nation. This is most evident in the form of the envy-driven "Occupy wherever" nonsense embraced by the "progressive" establishment.
Many income investors have heard of these partnerships, but I know most haven't. MLPs run critical "midstream" energy infrastructure -- the pipelines, storage tanks, terminals and ships that move energy from producer to user.
Central to that discussion is the fact that Dodd-Frank grants administrative agencies — including the newly created Financial Stability Oversight Council and Bureau of Consumer Financial Protection — broad and unchallengeable discretionary authority. Does Dodd-Frank provide effective oversight by any branch of government — Congress, the president, or the judiciary?
“That was really an accident,” Mitch Albom recently called the publication of his first nonfiction book, “Tuesdays with Morrie.” At the time, the sports columnist was just trying to earn money to help pay his former professor’s medical bills. However, when the book was published, it became something more. An international sensation. It also changed Albom’s life.
Is anyone really surprised that the Super Committee is failing to reach a deal to cut $1.2 trillion over ten years from the federal budget? Surely, the answer is no. This seems almost the inevitable conclusion of the predictable drama that began last summer, when last minute, debt ceiling negotiations punted the bigger budget questions to a Congressional “Super Committee” to convene in the fall.
The narrowing price band in the NASDAQ Composite and S&P 500 from October 27 to November 15 led some to logically believe that a tightening price structure could result in a new uptrend. Such was not the case as is the nature of frustratingly noisy, trendless markets.
While the public and most politicians are repulsed by bailouts and disparate executive compensation, little outrage is directed at the two biggest offenders, Fannie and Freddie. As pointed out by Investor's Business Daily, of the $700 billion in TARP bailouts to private financial institutions, more than 97 cents of every bailout dollar either has already or is expected to be repaid. Meanwhile, Fannie and Freddie have sucked up $170 billion to stay afloat.
The Supercommittee, if rumor, speculation and common sense can be credited, now will shirk its role as political suicide bomber. The Supercommittee was created in a fit of ambiguous revulsion against the truly gargantuan, obnoxious, deficit. It got off on a macho, but false, premise: that the path out was by mutual pain: raising taxes and cutting entitlements.
Short sellers targeting retailers often go right to the inventory line on the balance sheet, as a growing pile of unsold merchandise implies sales weakness. Though inventories fell modestly in the most recent quarter, they are far higher than a few years ago.
Washington is once again in a deal making mode, and you are about to lose again. When Congress passed the massive debt increase bill earlier this year, it abdicated legislative responsibility to craft a solution to the spiraling debt. They gave the legislative responsibility to what Congress calls the Joint Select Committee on Deficit Reduction.
Fred Grandy is one of the smartest – and certainly most respected men – in Washington. He achieved that reputation the old fashioned way: He earned it as a former Congressman, successful non-profit business executive and long-time top-rated talk radio show. So when he warns Republicans that they have entered a potentially fatal “box canyon,” they should listen.
Rush Limbaugh has now confirmed what I wrote last week, explaining to a caller on Friday, November 18th that the elephant in the room in the Penn State scandal was that the alleged pedophile acts committed by Jerry Sandusky were homosexual in nature.
Would those first pilgrims look with envy at all that has been wrested from the wilderness they encountered, and that encountered them? Surely, they would find reason to give thanks as they looked on the fruit of their quest, for they were not ones to be embarrassed by prosperity; they worked for it, prayed for it, blessed it, were grateful for it. They did not divorce the spiritual from the material, but sought to wed them, which remains the American way. They sought abundance -- an abundance of blessings.
Supercommittee members Sen. Pat Toomey and Rep. Jeb Hensarling are taking flak from some conservatives for proposing a deal including increases in "revenues," and a Washington Post reporter had some fun insinuating that they were backing a tax-rate increase.
There’s big news breaking simultaneously in the world of entertainment and in the not-so-different world of politics. Jerry Lewis is coming out of retirement. And he’s doing it just in time for the first annual Occupy Wall Street Labor Day Telethon.
By the end of next summer we’ll know if the federal government can force individuals to buy health insurance and if they can force states to comply with a newly expanded Medicaid program.
Like a good neighbor, Canada is there—offering America tens of thousands of jobs, protection against soaring gas prices and up to 700,000 barrels of crude oil a day for Oklahoma and Gulf Coast refineries to process—if America accepts TransCanada’s proposal to build the Keystone XL pipeline from Alberta’s tar sands to the Gulf Coast.
Liberal politicians and the occupiers who are encamped in our cities are selling a discouraging story that the American Dream is dead and out of the reach for the average citizen without government actively engaging in wealth redistribution and entitlement programs.
If Congress was ever in search for a theme song, it would surely be the 60’s hit by Sonny and Cher called—“The Beat Goes On”. Americans received yet another reminder of just how far this group of fiscal miscreants will go to avoid making tough budget decisions when Congress passed a “minibus” spending bill.
What we have are the young Americans of the Occupy generation, a group of people who went through college expecting (yes, expecting) that upon graduation, they would be rewarded with a job where they would continue to be pampered. Someone needs to slap these kids across the head.
Obama was more believable in the role of the do-nothing Senator than he has been as president. And there is a real danger that before our current chicken-in-chief can go back to writing fictionalized accounts of his own, heroic, do-nothing life that the USA will become the United States of Europe.
Two weeks ago, America witnessed the absurdity of a relatively obscure law when the Obama administration announced a 15-cent tax on Christmas trees. After the diligent research of The Heritage Foundation prompted a public outcry, the administration quickly postponed (but not eliminated) the tax. Perhaps more interesting is how the tax came about.
Regrettably, the announcement by DHS is the latest in a long list of government inaction when it comes to enforcing America’s immigration and criminal laws. This form of selective enforcement also ignores the harm illegal immigration poses on citizens and legal immigrants alike.
Marx said class conflict arises from the modes of production. Well, the ultimate class conflict is between workers who produce and get paid from trade revenues, and those who work for government and get paid from taxes.
Watching the “Occupy Wall Street” mutants (as I less-than-affectionately call them) riot on Thursday as part of their “Day of Action,” I couldn’t help but notice a striking resemblance to children throwing temper tantrums. And I couldn’t help but think: Why would adults act this way?
President Barack Obama likes to brag that his energy secretary, Steven Chu, won a Nobel Prize in physics. You would think that means that Chu is a brainiac who makes shrewd decisions and is extremely aware of whatever is happening around him.
He's a responsible, well-spoken adult with a good record in office, a soothing style, bipartisan appeal and ample knowledge of the world beyond our shores. But Jon Huntsman, a candidate for the Republican presidential nomination, somehow imagines he can overcome those handicaps.
Taxpayer subsidies to uber-rich corporations such as Goldman Sachs and billionaire investors such as Pat Stryker are one thing, but most devastating is what they do to energy costs and the economy. And it's the working poor that pays the bill.
This short, accessible book about the U.S. dollar by Barry Eichengreen, an economics professor at the University of California, Berkeley, may be one of the most important published this year. Whether the dollar remains king will have a tremendous impact on American businesses, and some will lose, and others will gain. Just as importantly, the relative strength of the buck will help determine the fiscal options available to the U.S. government in the years ahead.
Federal law requires recusal from a case if a judicial officer of the United States “has served in governmental employment and in such capacity participated as counsel, adviser or material witness concerning the proceeding or expressed an opinion concerning the merits of the particular case or controversy.