Another 1.2 million people dropped out the workforce, which means that Bureau of Labor Statistics (BLS) economists can say that unemployment has moved down to 8.3 percent without that messy job-creation thing getting in the way.
President Obama has hit a new low. By promoting his reasoning for hiking taxes on the rich at the National Prayer Breakfast, he diminished the seriousness of his proposals and manipulated Jesus' teachings for his own political purposes.
Three days ago, the Associated Press reported that “U.S. intelligence officials acknowledged Tuesday that the United States may release several Afghan Taliban prisoners from the military prison at Guantánamo Bay, Cuba, as an incentive to bring the Taliban to peace talks."
Consider this: $3 of natural gas gets you about one million BTUs (British thermal heating units) of energy. It takes about eight gallons of gasoline (or about $25 to $30 worth at current prices) to get the same amount of energy.
As a warning to speculators, several money changers working on the streets of central Tehran have been arrested by undercover police officers pretending to be desperate to purchase foreign currency.
If Obama wins reelection, he should send a bouquet of roses to John Boehner.
Rebuilding a clan system in the Kremlin is more problematic, as there are many powerful personalities with different agendas to consider.
In January, those "Not in Labor Force" rose by a staggering 1,177,000. Things are much worse than the reported numbers indicate.
Michigan, Ohio, and Illinois soon may need to construct a wall—not to keep people out but to keep business in. While such a drastic move is unlikely, they will need to do something because they are at a severe regional economic disadvantage now that Indiana has passed a right to work law.
I have watched certain large companies approach to innovation closely to see if they really innovate, or if they just say they innovate. Innovation is really hard to do. When you are battling corporate culture, it makes it even harder.
To hear much of the American media tell it, Susan G. Komen for the Cure, the breast-cancer charity that recently cut its ties with Planned Parenthood before (sort of) backing down, should simply be no more: It has gone from being a women's health charity to becoming anti-woman, as the National Organization for Women's president, Terry O'Neill, explained.
The results in Florida were even better for Mitt Romney than most of the wildly swinging polls said they would be. With 100 percent of the vote in the Republican primary in, he was getting almost half of it -- 46 percent in a four-man field. And this in the first state to vote that actually reflects the American electorate, for Florida is big and diverse and unpredictable and dynamic. It's not just a swing state but the swing state in presidential elections.
While Democrats mock Mitt Romney for his alleged lack of interest in the "very poor" and focus their political pitch on income inequality, one can't help noticing the Obamas running around to $35,000-a-head fundraisers with the very rich and very famous in New York City and Hollywood.
Obama's latest homeowner mortgage relief plan is perfect for him: It both is consistent with his ideology -- duh -- and allows him to buy more votes with someone else's money, all the while pretending there is in fact such a thing as a free lunch.
"I don't smoke, and I don't chew, and I don't go out with girls who do." My, how times have changed since kids amused each other with schoolyard doggerel like that one.
Gold stocks consist of the gold miners, the companies that actually pull the yellow stuff out of the ground. I prefer gold stocks to bullion for a couple of reasons.
My problem with Obama is that he hasn’t fixed any of the problems. Instead, he has kept in place all of the bad policies – and in some cases made them worse.
What I found especially interesting about the LinkedIn IPO ($LNKD) is that a lot of people joined post-IPO that hadn’t joined already. I suppose the same will happen with Facebook ($FB).
The few who address inflation, misunderstand it, holding that monetary inflation is good for growth and therefore good for stocks.
It's a rather well-known fact that many worldwide researchers have studied abortion and breast cancer, and issued statements describing their inter-relationship for decades now.
By now, you've read countless articles about the rise and fall of the natural gas industry. A half decade ago, the industry was giddy with delight because a newly-refined drilling technique (hydraulic fracturing, known as "fracking") turned seemingly dormant energy fields into absolute gushers.
This Facebook obsession is really amazing. After making it official after the close, there was so much interest that the SEC website crashed for demand to download offering material.
Reports now indicate that thousands of armed Tuareg tribesmen who previously served in Gadhafi's military have returned home to Mali. The influx of this large number of well-armed and well-trained fighters, led by a former Libyan army colonel, has re-energized the long-simmering Tuareg insurgency.
Interior has effectively maintained an "informal moratorium" by stalling and delaying permitting. The results have been devastating to businesses.
This result suggests that instead of the employment situation in the United States having become brighter, the decline of the "official" unemployment rate really reflects the economic discouragement of those who lost their jobs during the recession, as they face diminished economic prospects.
In President Obama's mind, religion serves one purpose: to push political ends. Today's prayer breakfast farce was no different, save that this is an election year, so Obama's political trespasses are ever more blatant and offensive.
Here Calabria evaluates the state of the Union with respect to housing.
If one includes all the unfunded liabilities of pension and health-care systems, Greece’s total debt equals 875% of its GDP. France, the next-most insolvent country in Europe, owes 570% of GDP. The United States, however, now owes 885% of GDP, more than any other industrialized country.
The Congressional Budget Office gave us a forecast preview Wednesday of the frightening fiscal catastrophe that threatens to engulf the government in a sea of debt.
Republican presidential candidate Mitt Romney recently set off fireworks all across the American heartland. "I'm not concerned about the very poor. We have a safety net there. If it needs repair, I'll fix it. I'm not concerned about the very rich. They're doing just fine. I'm concerned about the very heart of America, the 90-95 percent of Americans who right now are struggling," he said.
After thirteen months of investigation in the Obama Justice Department’s lethal Operation Fast and Furious and Attorney General Eric Holder’s sixth time answering questions from Congress on the topic, we are stuck with stonewalling, non-answers and more calls for gun control.
America’s Catholic bishops are princes of diplomacy, highly educated, erudite, men of tact, propriety. They’re asked to shepherd the flock with a long historical timeframe—like, say, eternity. They tend not to have knee-jerk reactions to issues of the moment.
At the São Paulo fashion show on July 15, 2002 supermodel Gisele Bundchen catwalked wearing a glamorous bikini consisting entirely of faces of Che Guevara, who rarely bathed and constantly reeked of “boiled liver” and “rotting fish” according to his early comrades and surviving victims.
Transitional phases are never easy. Whether it's remodeling a kitchen, rearranging the furniture or cleaning out a closet, the transitional phase is always a bit messy. This past month, we had our children's bathroom remodeled. We put it off for as long as we could.
It may have taken a few days to sink in, but by now you should all have realized that President Obama has opened a massive assault on the Roman Catholic Church in America the likes of which none of you have ever experienced and for which few of you have prepared.
Mitt Romney's impressive victory Tuesday makes it very likely that we will look back on the Florida primary as the contest that determined the 2012 Republican nomination.
Forgive Republican candidate Mitt Romney for his alleged failure to adequately explain why he paid "only" 14 percent of his income in taxes.
When President Obama announced last April that he was sending the United States military to bomb Libya, he not only violated the United States Constitution, which he has taken an oath to uphold, but he also violated the moral principles of the just war.
Great news folks: The social engineering gets to continue unimpeded from the left or the right no matter who wins the presidency.
A defining moment in Mitt Romney's post-pro-life-conversion political career came in his third year as governor of Massachusetts, when he decided Catholic hospitals would be required under his interpretation of a new state law to give rape victims a drug that can induce abortions.
Why did the super PACs spend more than the candidates' own campaigns? Washington passed laws designed to curb the amount of money that big donors could shovel into presidential elections. It's a noble cause, but it's like passing a law against water flowing downhill.
You just have to love it when government uses taxpayer resources to convince taxpayers to cough up more. It takes an unusually large set of brass ones to do such a thing.
I’m not a Romney fan, and it irks me to defend good tax policy on behalf of someone who is incapable and/or unwilling to make the same principled arguments. But my job is to do the right thing and bring truth to the economic heathens.
As I wrote over and over as Congress debated ObamaCare, anger and division are inevitable consequences of this law.
For lots of investors in lots of situations, aggressive investing is not the right strategy.
Perhaps if Chait had thought to actually direct questions to people who actually work with the data he could have found that he was wrong sooner sooner, but he just wasn't curious enough. What a strange trait in a "journalist."
Dissent is on the rise again, both outside the Kremlin and within Putin's circles of power. All of this comes as Russia is facing economic instability and national security concerns, and Russia's next presidential election -- in which Putin is running -- is a mere month away.
During World War II, posters displaying the slogan "Loose lips might sink ships" reminded service members and civilians alike to avoid indiscreet discussions about secure information that could be exploited by the enemy and used against America during wartime.
A three-star Army general and war hero cannot speak at West Point because he’s an outspoken Christian.
In 1831, Henry Clay formed a new political party. He called it the Whig Party. His goal was to ensure Jeffersonian democracy and fight President Andrew Jackson, a Democrat. Over the course of the next 20 years, the Whig Party achieved several presidential victories.
Senator Sheldon Whitehouse (D-RI) is set to propose “The Buffett Rule”, a tax increase on everyone making more than a million dollars a year. The law named after Warren Buffett, the second richest person in the world, is also known as the “Paying a Fair Share Act.”
So now we’ve seen Gingrich’s debating prowess and Romney’s tax returns, Santorum’s sweaters and Ron Paul’s scowl. We’ve heard the State of the Union according to Obama and the State of the State according to governors across the land. But how much does that really tell us about the shape America is in?
In December 2011, the Environmental Protection Agency released new Clean Air Act “National Emission Standards for Hazardous Air Pollutants.” Once again, EPA Administrator Lisa Jackson touted the supposedly huge benefits of controlling emissions of mercury (Hg) and other air toxics from U.S. coal- and oil-fired power plants (or electric generating units, EGUs).
President Obama and his radical feminist enforcers have had it in for Catholic medical providers from the get-go. It's about time all people of faith fought back against this unprecedented encroachment on religious liberty. First, they came for the Catholics. Who's next?
With an election approaching and at least some Americans upset about irresponsible spending, the president has finally expressed a political interest in cutting something. He says the Pentagon will spend "only" $525 billion next year. That's slightly less than the current $531 billion.
There's been a heap of criticism placed upon President Barack Obama's domestic policies that have promoted government intrusion and prolonged our fiscal crisis and his foreign policies that have emboldened our enemies. Any criticism of Obama pales in comparison with what might be said about the American people who voted him in to the nation's highest office.
The photograph of Arizona Gov. Jan Brewer pointing a finger at President Obama on the tarmac at the Phoenix airport brought out the worst in amateur psychoanalysis from our media elite. No one had an audiotape or videotape of what was said but just the finger-pointing image somehow was definitive evidence of profound disrespect.
In response to the face-off in Arizona between President Obama and Arizona Gov. Jan Brewer last week, Jackson said, "Even George Wallace did not put his finger in Dr. King's face." And it's true; he didn't. Similarly, not even Josef Stalin wrote two autobiographies the way Obama has. And even Genghis Khan didn't have a Swiss bank account the way Mitt Romney did.
Once the presidential nomination process is settled -- and Lord knows that day can't come fast enough -- Republicans will get back to doing what they do best, getting on Barack Obama's case. Incredibly, though, they'll have to do it without one of their most potent arguments.
It happens every between-the-wars period. It happened in the 1920s and '30s, then in the post-war 1940s. ... Now it's happening again in the 2010s. War-weariness sets in. A new chorus of isolationist voices arises. America cuts back on its defenses. Which explains why these are between-the-wars periods. American weakness invites the next war. The way appeasement invites aggression.
In his State of the Union address last week, President Obama used billionaire investor Warren Buffett's secretary, Debbie Bosanek, as a prop to illustrate the unfairness of our tax system. "Right now," he said as Bosanek sat near first lady Michelle Obama, "Warren Buffett pays a lower tax rate than his secretary."
I have to wonder if Obama even has the slightest clue what he is talking about. As someone who’d like to see government come to a halt, let me assure you, it isn't.
For a picture of how low the level of public discourse has sunk in America, look no further than the New York Times. In an editorial following Newt Gingrich's upset victory in the South Carolina Republican Primary, the Times' editorialists dealt from the bottom of the deck, playing the race card in an attempt to deflect attention from the growing public dissatisfaction with the policies of the Obama administration.
More and more, it is the Germans that are the question mark. How far are they willing to go, and do they fully understand their national interests?
Newt Gingrich is the Tom Sawyer in the 2012 presidential narrative. There are legitimate reasons to support Ron Paul, Mitt Romney, and Rick Santorum (as there are to support Gingrich). Disputing Gingrich’s grand claims is not among them. The truth of Gingrich’s claim to having stood, and effectively, shouting Stop athwart a history hurtling toward socialism is indisputable.
I have been called the “oldest man in social media” by some of my Stocktwits friends
Balancing the budget doesn’t require any tax increases. Not does it require big spending cuts (though that would be a very good idea).
De Tocqueville’s observations of the infant America include exceptionalism of liberty, egalitarianism, individualism, populism and laissez faire. Shorten them into modern terms as the democratic acceptance of rule of law.
Last week the regime co-founded by Che Guevara (worldwide icon of youthful rebellion) murdered a young defenseless political prisoner named Wilman Villar for the crime of “disrespect to authorities.”
The Fitch Ratings agency has downgraded the credit of another five European countries -- Belgium, Cyprus, Italy, Slovenia, and Spain -- citing "the financing risks faced by eurozone sovereign governments in the absence of a credible financial firewall against contagion and self-fulfilling liquidity crises."
Sinking in the polls ahead of Tuesday’s Florida primary election, former House Speaker Newt Gingrich adopted an optimistic tone during remarks to supporters at a Fort Myers rally late Monday. Gingrich cited an unspecified poll showing that the race is “now tied,” telling the crowd that with their help, he “absolutely can win” the state.
I think the mainstream media and Washington elite think the majority of voters just fell off the turnip truck. But the South Carolina primary and other current voting trends show otherwise.
It's a mystery to some people why so many Tea Partiers and grassroots conservatives can’t stand Mitt Romney. What is it about him that turns them off so much that at one time or another, they've preferred Donald Trump, Michele Bachmann, Rick Perry, Herman Cain, Rick Santorum, and Newt Gingrich to him nationally despite the fact that he has every advantage in the race?
It’s hard to keep up with the rhetoric when a campaign has one set of lies to fool the public, one set of lies to fool reporters and one set of lies to fool themselves.
The advice columns of newspapers are good windows into the conscience of a culture. There you will find a field guide to what is considered socially acceptable and unacceptable. One of the advice columnists for the Washington Post, Carolyn Hax, is consistently sensible and solid in her suggestions.
The Muslim world is threatened by religious fanaticism. The Western world is threatened by secular fanaticism.
Occupy Oakland is aptly named. When forces occupy a city, they know that occupied turf is not their home. They can maraud, loot, vandalize, abuse the locals, and then leave. They can treat other people's property as their own.
The now-famous picture of Arizona Gov. Jan Brewer shaking her finger at President Barack Obama is both appropriate and deserved. In America, we don't have rulers entitled to the deference and obsequiousness other countries show to their kings; our elected officials are ordinary citizens whom we are free to criticize.
When I watched the video of the Wisconsin teacher snubbing Congressman Paul Ryan, I knew instantly he was little more than an activist teacher seizing his moment.
These recent attacks tell us that before the group can become an existential threat to the Nigerian government -- or a legitimate transnational threat -- it will need to develop the ability to deploy its IEDs and suicide operatives to the point that it successfully can attack hardened targets.
When I was a copy editor at the Los Angeles Times, a young reporter submitted an article about a single mother having trouble obtaining government checks. The story was designed to elicit outrage at callous bureaucrats who should be showering this poor woman with subsidies. I asked the reporter if she knew anything about the father. Was he providing any assistance? Was he a deadbeat dad?
When the National Education Association—the nation’s largest teachers’ union—addresses the problem of high school dropout rates, you can bet your bottom dollar that their proposals will be more beneficial to the powerful union than to the dropouts.
Even if the mandate were popular and constitutional, it would still be a bad idea. Here's why.
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."
Republicans and Democrats agree that these are difficult times: we have a stagnant economy, a dysfunctional government, and a war on terror to wage. We agree that we need a great leader. Is President Obama one? Republicans and Democrats also happen to agree that he simply is not. For this critical moment in history, the consensus is that he simply will not suffice.
For years I have been saying that those who came out of the closet one generation ago (speaking of gay activists) want to put us in the closet today. For making that statement, I have been derisively scorned and ridiculed: “No one is trying to put you in the closet!” But as the tide continues to turn in favor of the gay activist agenda, I’m noticing a shift. People are now saying to me, “Bigots like you belong in the closet!”
Knowing President Obama’s Alinskyite proclivities, his third State of the Union address – coming as it did amidst a reelection campaign – could have been predicted to be filled with lofting, sometimes inspiring but routinely bait-and-switch rhetoric. Even so, his exploitation of the U.S. military for nakedly political purposes translates into an extreme plumbing of what might be called his audacity of deceit.
The bustling Versailles restaurant and bakery in Little Havana has a reputation for serving savory pastries, sweet Cuban coffee and politicians who are looking for support among Latino voters.
Apparently, all black people walk, talk, eat, pray alike AND fit squarely in the Democrat Black box, basking in the glow of liberalism. There also is a “black issues manual,” which I have yet to see, that all blacks must adhere to. Wait, there’s more.
Who can forget the images last month of the Italian cruise ship Costa Concordia, tipped on its side, half submerged in frigid waters off the coast of Italy? The cause: arrogant recklessness and devastatingly poor leadership. The cost: 16 dead, 16 missing, and millions of dollars in damage.
Someone once asked me whether I would abort Adolf Hitler if I knew in advance he would try to launch a Holocaust against millions of Jews. I said I would not. That is because aborting Hitler would not have prevented the Holocaust. It would have justified it.
The recent FBI lawsuit filed against John Kiriakou, former CIA agent and former Democrat Senate staffer, for treason (multiple counts of allegedly violating the Espionage Act and the Intelligence Identities Protection Act) is serious business. But, a close review of the details of the case seems to indicate that Vice President Biden, while serving in the Senate as the Chairman of the Senate Foreign Relations Committee, condoned this treason in order to boost his political profile and to further his political agenda.
In President Obama's State of the Union Address, the president shared a quote by Abraham Lincoln that finally got Republicans to rise and applaud a core principle that America used to stand for: "You cannot help men permanently by doing for them what they could and should do for themselves.”
January 22nd was a sad day in America. A pitiful and depressing episode that confirms how a lawyer-controlled and weak-kneed society, ended with the tragic death of Joe Paterno. As sure as day turns into night, the actions taken last November by the Board of Trustees of Penn State University were responsible for the premature death of this great man.
The last few years, I have been repeatedly disappointed by the bickering and pettiness displayed by our legislators, political pundits, and candidates for office. I have longed for representatives who are informed and articulate, who habitually seek the best laws and results for the land.
What the Fed’s monetary policy really means is Wall Street will continue being able to take basically zero interest loans and gamble that money on the secretive and unregulated swaps market, which is more profitable and less trouble than loaning it out to those pesky small business people.
When such illustrious proponents of hyperinflation such as Marc Faber, Peter Schiff, and even the venerable Warren Buffett seize the microphone and take such a convincing position, it is very difficult for a deflationist such as myself to compete and put forth my point of view.
Newt resumed that Bain attack when he said in Florida that Mitt "lives in a world of Swiss bank accounts and Cayman Island accounts and automatic $20 million income for no work."
For all intents and purposes, Congressman Delahunt directly pilfered the Treasury for personal gain.
From the president’s one “true” comment we can derive the simple and logical solution to our corporate tax problem. We should stop “hitting” companies with a 40-percent sledgehammer, and cut our corporate statutory rate to boost investment and reduce corporate tax avoidance.
After a solid recent move in its stock, Ford (NYSE: F) needed to deliver a strong quarter to maintain its momentum. The just-released fourth-quarter results are a bit shy of the consensus view, and the stock is being hit by profit-taking.
Try running any one of Chevy’s iconic music backgrounds like, “Baseball, hot dogs, apple pie and Chevrolet,” or Bob Seger's “Like a Rock,” or John Mellencamp’s “Our Country” over footage of a Chevy Volt starting a garage fire.
Obama, in his State of the Union address and during his initial five-state, multi-million dollar taxpayer funded re-election jaunt has stated repeatedly that his platform and policies are not about class warfare, which means, of course, that his ticket is all about class warfare—or “fairness,” as he likes to call it … or as the Scripture labels it, envy.
Last week, Sarah Palin stepped over the edge of civility. Fox Business host Eric Bolling played a clip of New Jersey Gov. Chris Christie on "Meet the Press" in which Christie said Newt Gingrich "has been an embarrassment" to the Republican Party.
Last year, after its historic victory, the new Republican majority in the House of Representatives took a commendable step toward curbing congressional enthusiasm for enacting laws that reach beyond those powers prescribed in the Constitution.
These days Americans are so intimidated they won't even invest in McDonalds, Nike, or Starbucks. In fact, USA Today underscored a pet peeve of mine for the past decade, pointing out in an article yesterday how Americans snatched $400 billion out of stock market funds over the past four years.
In the U.S., cars on the road are old, with plenty of mileage, out of warranty, lacking fuel efficiency, and generally obsolete. New model launches are significantly higher in 2012 and 2013 than in recent years, which should add excitement to new car sales, expected to be up 9% this year.
Being disappointed in the leading Republicans doesn’t mean I’m deluded about Obama and his agenda.
Saul Alinsky, author of Rules for Radicals, was one of the 20th Century’s most iconic provocateurs. “Alinskyite” has become a banal epithet on the Right. Many conservative politicians routinely link Barack Obama with Alinsky.
Last week, the White House claimed 28 states are “on their way” toward creating ObamaCare’s health insurance Exchanges. Here are the facts.