Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low. Some of this was due to major revisions last month on account of the 2010 census finally factored in. However, most of it is simply economic weakness.
In the United States, the national debt now equals 100 percent of gross domestic product (GDP), and is still growing. With the retirement of the baby boomer generation, 78 million additional people will turn to the federal government for Social Security, Medicare and Medicaid benefits — roughly $40,000 per beneficiary per year, on the average.
Unfortunately for traditional America – the one that values independence, free market capitalism and limited government – too many aging radicals from the 1960s and ‘70s have found their way into government school classrooms.
With growing outrage over soaring gasoline prices, instead of approving the Keystone Pipeline and policies that would increase supplies, Barack Obama has renewed his attack on oil and gas calling for Congress to tax oil and gas.
Last summer’s agreement, you will recall, raised the federal government’s debt limit from $15.194 trillion to $16.394 trillion in exchange for promised future reductions in spending. Until recently, the consensus has been that federal borrowing will bump up against the new limit sometime between late November of this year and early January 2013.
This stock is so unloved, that it has fallen from a peak of $80 in late 2007 to a current $3.90. That's a 95% drop. This stock will never, ever again see $80 (at least in my lifetime), but could easily be back at $7 or $8 in 12-18 months.
There is something special about a mother and her love.
The State of Florida is punishing students who choose Florida Christian College (FCC), simply because the school is religious. Through the Florida Resident Access Grant (FRAG) program, the state provides over $2,000 in annual tuition assistance to qualifying students who attend private colleges and universities in the state. In order to participate, a student must attend a college that has “a secular purpose.”
Mitt Romney won Super Tuesday. He won Super Tuesday in grand fashion, winning 6 of the 10 states in play and getting (according to the Associated Press) 212 of the 390 delegates that were awarded Tuesday. That is about 54 percent of available delegates.
There's no escaping Solyndra Syndrome. Here in my home state of Colorado, citizen journalists have uncovered our own gaping government green loan sinkhole. The stench of Chicago-on-the-Potomac is fouling the fresh Rocky Mountain air.
Despite the majority vote, Senate rules apparently require a 60-vote supermajority to create jobs in this country. And according to Democrat Party rules, any vote to create jobs also has to have a massive, wasteful, multi-trillion dollar appropriation attached to it. This rules out Keystone.
At the same time Washington was ablaze with outrage at the idea that Rush Limbaugh insulted a woman as a "slut," ABC premiered a new Sunday night show called "GCB" -- shortened from "Good Christian Bitches." Limbaugh apologized. ABC displays no such contrition.
There's a great scene in the movie "The Right Stuff" where the original Mercury astronauts are checking out the capsule for their first trips to space. They're horrified to discover that the German scientists in charge of the program see the astronauts as nothing more than living props.
Many Republicans talk of an entitlement mentality that threatens the character and finances of the United States. In their view, the problem is that too many voters feel entitled to goodies provided by the government and financed by taxpayers.
One year ago this week, I wrote a column titled "Crude Cruelty," which covered a jump in the cost of motor fuel and a corresponding spike in prices for food and rising unemployment. Government "experts" attributed the bad news to "supply disruptions" and "uncertainty" caused by unrest in Libya.
Denouncing Republican "bluster" about war with Iran, President Obama went on the offensive Tuesday: "Those who are ... beating the drums of war should explain clearly to the American people what they think the costs and benefits would be."
The Republicans still have a lot of bullets in the magazine. Mitt Romney's tin ear, Rick Santorum's gag reflex, Newt Gingrich's endless pomposity and Ron Paul's narrow-minded consistency all come accompanied by big feet to shoot at.
Except for the years 2008-2009, and recessions in general, seasonally unadjusted unemployment rate tends to peak in January.
What if you had your own brain trust, where you knew that everyone in it was truly one of the top people in their lines of work? People who have devoted years to what they do, and because they have, could answer almost any question you might ask them. Wouldn't that be pretty cool?
Is Mitt Romney in favor of increasing the number of illegal immigrants in the United States? You might not think so, given his tough anti-illegal immigration rhetoric, but his leading immigration adviser wants to do just that. What's more, the proposal this adviser is pushing would impose a new tax -- from $1,200 to $1,600 -- on every American family for the birth of each child.
A Republican takeover of the Senate in November was about as close to a sure thing as it gets in today's politics. But now the contest could become a bit more difficult after some unsavory back-room deals cut by two Democratic leaders.
In the United States, where respect for the Bible remains high, the left more often attempts to appropriate religious language, misquoting it in support of statist solutions.
This week, a bombshell wrapped in an SOS landed on the desk of the inspector general at the Pentagon.
Every so often, a story comes along that is so outrageous, all one can do to soothe the rage is to laugh. And shed a tear. That’s the case in Buffalo, New York.
Newsweek rhetorically asked America recently, “Why are Obama’s critics (read conservatives) so dumb?” We have to admit that we do fall short of our erudite betters on the Left in the field of expression.
The connection between intelligence and wisdom has been debated since the beginning of recorded history, but it seldom finds more acute form than in our consideration of presidents and presidential candidates. No one disputes that very smart people can do dumb or evil things, and that wisdom is often found in seemingly childlike verities.
In partial fulfillment of Andrew Breitbart's promise to "vet" the President this time, the Breitbart.com team posted a video of President Barack Obama as a law student at Harvard. It also ran on Hannity tonight. The video shows the young Obama asking his fellow law students to:
When President Obama took the oath of office three years ago, he swore to defend the constitutionally-guaranteed rights of all Americans. There were no asterisks denoting exceptions for health care providers, religious employers, service members, or military chaplains. More than three years later, his inaugural words fail to match his actions and those of his administration.
Those of you past a certain age may remember the old Art Linkletter show “Kids Say the Darndest [sic] Things.” The one I still remember was when Linkletter asked a little boy if he looked like his daddy. “No,” replied the boy innocently, “I look like the mailman.”
President Obama and the rest of his Administration remain vigilant in their attempt to convince Americans that “green energy” and “green jobs” are real. The only reality seen in this Administration’s “green jobs” push is the consequence of Big Government intervening into the private markets.
Your biggest problem, Anonymous, is that hubris led you to a confrontation with Mexican drug lords who have all sorts of contacts in some of the smallest places in America- prisons. And that is where you are likely headed. What part of "don't steal from drug lords" don't you get?
Kicking the can down the road. That's been the Obama administration's response on issues from Iran's nuclear weapons program to America's entitlement systems.
"A firestorm of outrage from women after a crude tirade from Rush Limbaugh," said NBC anchor Brian Williams. This was followed by a reporter who said: "In 2012, the personal is political. What began as a debate over religious freedom has devolved into what some call a 'war on women.'"
Can the president kill an American simply because the person is dangerous and his arrest would be impractical? Can the president be judge, jury and executioner of an American in a foreign country because he believes that would keep America safe? Can Congress authorize the president to do this?
I don’t actually expect any politicians to pay attention when I make these demands, of course, but I am highlighting issues that send a signal about whether Republicans actually learned any lessons after getting shellacked in 2006 and 2008.
The robot increases its stride and running speed by flexing and un-flexing its back on each step, much as an actual cheetah does.
While running for governor of California in 2010, Jerry Brown admitted he would "rather have a society where we didn't have to use death as a punishment." But because the Legislature and California voters approved capital punishment, "we've got to make it work."
A member of Hamas' political bureau in Gaza City said that Hamas will not be a part of a war between Israel and Iran. The member said the group would not launch rockets into Israel at Tehran's request in response to a strike on its nuclear sites.
After the not so "Super" Tuesday results, pundits and experts predicted a much longer march to the Republican National Convention to be held in Tampa, Fla. Many experts believe Mitt Romney will ultimately gain the required delegates to win the nomination prior to the convention.
I like to think of Miss Sandra Fluke's contretemps with the madly admired Mr. Rush Limbaugh as, well, a fluke. She objected to his joke about her being "a slut" and "a prostitute," and hesto presto the part-time Georgetown University law student struck pay dirt.
I went looking for small-cap stocks that appear poised for solid sales growth in 2012 and again in 2013. I removed any companies form the list that derive more than 20% of sales from foreign markets.
As a result of our current and proposed tax policies towards corporate shareholders, our government collects a portion of industrial output that would inspire envy in even the most rabid Bolshevik.
Obama's policy mirrors that of California where the resistance to tapping the resources under the residents’ feet has resulted in increased imported oil from the Middle East. Once the largest oil producer in the world, California is now importing nearly 50% of its oil—with about 21% coming through the Strait of Hormuz.
Mitt Romney won more than twice as many delegates on Super Tuesday as Newt Gingrich or Rick Santorum. The Non-Fox Media's take-away is that Romney suffered a major setback Tuesday night.
Many Americans disdain Rush Limbaugh, some of them high-placed and influential. The author of Rush Limbaugh Is a Big, Fat Idiot is now a US senator from Minnesota. The incumbent president of the United States publicly picked a fight with the broadcaster less than a week after being inaugurated. "You can't just listen to Rush Limbaugh," Barack Obama admonished attendees at a White House summit in January 2009.
David Parker is a very smart and successful businessman, a Romney guy, and an occasional contributor to the blog MittRomneyCentral. He is close to the Romney campaign, so I read his posts and emails with care, and found this bit of math from his missive on Wednesday morning to be the sort of analysis missing from the MSM as it sifts through Romney's big night Tuesday.
The loss of Dennis Kucinich in Ohio’s 9th congressional district against fellow democrat Marcy Kaptur was not just the defeat of a longstanding member of congress, it was the loss of the Democrats moral compass. Kucinich was the last high profile Democratic congressman to be an archetype liberal: anti-war, anti-big business, anti-wall street, pro-environment, pro-universal healthcare liberal democrat who very rarely wavered on principles.
It’s one thing to be called an intolerant bigot. It’s another thing to be called “an accomplice to murder,” but that’s the latest charge being raised by gay activists and their allies, and it needs to be exposed for what it is: an outrageous lie.
What are we to make of President Barack Obama's latest pronouncements about Iran's movement toward nuclear bombs? His tough talk might have had some influence on Iran a couple of years ago, when he was instead being kinder and gentler with the world's leading terrorist-sponsoring nation. Now his tough talk may only influence this year's election -- which may be enough for Obama.
Now that Mitt Romney is likely to be the Republican nominee, we can expect new attacks on his "vulture capitalism." That's how Rick Perry characterized his private equity work. Newt Gingrich's supporters ran an ad about Romney's firm, Bain Capital, that said, "Their greed was only matched by their willingness to do anything to make millions in profits."
The U.S. Census Bureau reports that 2011 manufacturing output grew by 11 percent, to nearly $5 trillion. Were our manufacturing sector considered a nation with its own gross domestic product, it would be the world's fourth-richest economy. Manufacturing productivity has doubled since 1987, and manufacturing output has risen by one-half.
In the wake of the Obama administration dictate that private insurance companies cover contraceptives and abortifacients, supporters have defined anyone who would oppose this mandate as waging a "war against women." Obviously, no opponent of this policy is actually bombing, shooting or stabbing women to death.
Left-leaning pundits and activists who cackle gleefully at the prospect that current controversies will seriously damage Rush Limbaugh’s media career display their own vast ignorance of the talk-radio industry.
This plan will not be "broadly positive" for housing and the economy any more than numerous other misguided attempts purported to do the same thing.
Argentina is using the 30th anniversary of the Falklands War to tout its historical claim to the South Atlantic islands. The diplomatic ballyhoo includes trade threats aimed at Great Britain, with a belligerent hint of saber-rattling.
First comes the talk. It can't be helped, much like the announcers' chitchat on KLRE, the classical music station here in the middle of Arkansas. It's a small station, but there are those who love it. Putting up with the chatter is the tax you pay for getting to hear the music that is the station's reason for being. Think of it as verbal static. It may be annoying between compositions, but the wait is worth it.
To consume without producing does America as much harm as the producing without consuming does to the rest of the world. The decoupling of work and reward, which inconvertible paper money does, causes a social, and spiritual, malady. This undermines world prosperity. It undermines world peace.
On his radio show last Friday, Rush Limbaugh complained that Democrats try to "impugn and discredit the people who disagree with them." That was two days after Limbaugh called Georgetown law student Sandra Fluke a "slut" and a "prostitute" because she disagreed with him about the Obama administration's regulation requiring employers to provide health care plans that cover contraception.
About every four years, the United Nation's Intergovernmental Panel on Climate Change (IPCC) produces a voluminous Assessment Report (AR) on the state of global warming science, such as it is. Two years after each AR, the IPCC produces an updating Interim Report.
In Michigan’s vast Upper Peninsula, voters might feel like they are in the movie Groundhog Day when they go to the voting booth this November, as they will once again reject liberal politician Gary McDowell. In 2010, Dr. Dan Benishek defeated McDowell by nearly 12%.
The specter of the "slippery slope" is widely considered to be a logical cop-out – an intellectually lazy response employed by the rigid and fearful among us (usually conservatives and the religious, of course). Like all enduring metaphors, however, the concept embodied by the slippery slope is quite often proved true.
Mr. Buffett's lack of credibility goes deeper than a differing monetary philosophy. He has been in the press since last August claiming that he pays less taxes than his secretary - and urging Congress to pass a "Buffett Rule" mandating a 30% minimum tax on millionaires.
Many of us have been exposed to pretty stupid bosses. It taints us. Since 1986, I have been basically self employed so I haven’t had to deal with too many of them. When I was a clerk on the trading floor, I was lucky to have clerked for some decent people. I saw some pretty rotten behavior though. I vowed never to treat employees that way.
So Russian Prime Minister Vladimir Putin has just been re-presidented for at least another six years, during which we can all watch his newly tucked eyes migrate back to where they used to be. And as surely as a pound dog comes with fleas, this election came with "irregularities" -- cloaked in "democracy," as Russian powers like to do it.
"In all essentials, Castro's battle for Cuba was a media public relations campaign, fought in New York and Washington." (Paul Johnson, Modern Times)
Virginia recently enacted a new law making theirs the eighth state to require an ultrasound to be performed prior to an abortion. As with other states that have passed similar measures, Virginia’s law provides the mother “an opportunity to view the ultrasound image of her [baby] prior to the abortion,” but it is an option she can decline.
Since Jan. 1, the price of gas has soared 45 cents a gallon -- the highest on record for this time of year. AAA reported this past week that the national average of unleaded gasoline climbed from Feb. 28's $3.71 per gallon to March 2's $3.73 per gallon and then up again to $3.76 per gallon over the weekend -- the 25th straight increase in the past month.
Andrew Breitbart was a giant in his field who accomplished more than most men could in ten lifetimes in his all too short forty-three years and he has deserved every kind thing that has been written about him since. But rather than being just one more person saying nice things about a great man, it seems more appropriate to pay respect to Breitbart by continuing his work. Breitbart loved nothing better than exposing the festering anger and hatred at the heart of modern liberalism.
We’ve given it three years but, according to Obama, we’re still three years away from seeing the benefit of the administration being involved in General Bank (TARP), General House (FHA), General College (Sallie Mae), General Healthcare (Obamacare), as well as General Motors and General Electric.
If you'll indulge me, I need to express this beyond my Twitter posts: I am proud of my brother, Rush, for his multiple sincere apologies to Sandra Fluke. I am not even slightly surprised that so many on the left refuse to accept his apology.
We all know the answer to that one. She’s the latest recipient of the legendary “15 minutes of fame,” and she is surely making the most of it. Fluke is the Georgetown Law student who was invited to Nancy Pelosi’s little publicity stunt to bemoan the fact that she isn’t getting free contraceptives. She is now enjoying and, I must say, making the absolute most of her 15 minutes.
So here’s a deal for Ms. Fluke and her fellow travelers. I’ll agree to you doing whatever you want behind closed doors (heck, you can even leave the doors open, as far as I’m concerned). But, in exchange, I want you to leave me alone, which means I don’t want to pay higher taxes OR higher insurance premiums to subsidize your birth control.
Here in Sydney, Australia, where I've been lecturing for a week, I may have had one Australian-born waitress or waiter and one Australian-born taxi driver. As is my wont, I ask all of them where they were born and, whenever possible, have some discussion about their native country.
Contrary to politicians who want to call a truce about social issues, there is absolutely no way to separate social and fiscal issues; they are locked in a tight political embrace. Politicians who say we can ignore social issues or avoid talking about them, are really saying that they have no plan to cut federal spending and the growing national debt.
For years, defenders of life have warned that the culture of death will – obviously – lead to death: that arguments used to justify killing some people in dire circumstances, via abortion or euthanasia, ultimately undercut arguments against not killing many others for superfluous or even pretextual reasons.
It defies common-sense why the President would be suggesting further disincentives for more production of badly needed gasoline supplies, but that’s his plan
After Barack Obama regains the presidency -- a prospect that seems likelier, the more the Republican candidates slice and dice one another -- we can look forward to four more years of statements such as: "You can either stand up for the oil companies, or you can stand up for the American people."
It turns out the United States isn't running out of natural gas -- it is actually swimming in it. It won't need to borrow from its neighbors.
That Georgetown law student Sandra Fluke's congressional testimony has come to dominate our national conversation about the government's unprecedented insurance mandate shows just how easily the media can become distracted from the truly profound questions that confront our country.
The incorrect supposition is that speculators are buying and holding thousands of contracts that drive the price of oil higher. What regulators and lawmakers forget is that it’s a zero sum game. For every buyer, there is a seller. All positions net out and open interest is never an odd number when you include options positions.
This slice of corporate welfare will hand out approximately $56 million in taxpayer dollars this year to “producers of agricultural commodities” who can use the money “for planning activities and for working capital for marketing value-added agricultural products.”
Simply put, China has three core strategic interests.
Late in the summer of 1961, President John F. Kennedy asked the Air Force to plan a nuclear first strike on the Soviet Union. The plan involved 55 B-52 bombers hitting 80 targets to degrade Soviet Long Range Air Force and Strategic Rocket Forces by 80 to 90 percent. Since these bases were located in remote parts of the USSR, estimated casualties numbered less than one million.
President Barack Obama is right. America must pursue an “all-of-the-above” strategy to take control of our energy future. We should build the Keystone Pipeline, drill in Alaska, manufacture energy-efficient vehicles, and call for the resignation of United States Energy Secretary Steven Chu, to name a few.
In the last few weeks, America has witnessed a remarkable surge in support for Rick Santorum. Trailing in the polls at less than five percent for forty-seven weeks, Santorum was written off as a true underdog without a chance of overcoming Mitt Romney’s well-financed political machine. Yet the latest national polls show him neck-and-neck with Romney, having swept three primary elections in Colorado, Minnesota, and Missouri.
Vladimir Putin won an easy re-election on March 4, he reclaimed his position as President of Russia after a four year absence. Putin won the majority of the vote with 64% to his nearest opponent’s 17%; with numbers like these you would think they were stealing the election. Certainly the Putin administration is corrupt and tyrannical, they have been accused of many crimes including murder, indefinite imprisonment, and suppression of political opponents. With such a pedigree you would have thought he would be perfect for the Democratic primary.
I know: You are worried because this guy is already in BIG trouble as a result of that whole murder thing. Garcia is serving 65 years-to-life for murder. But, as Pelosi points out, collecting unemployment is the fastest way Garcia can help Democrats create real, good-paying jobs.
Middle East foreign policy is Obama’s greatest strength and Romney’s greatest weakness. When I say ‘Obama’s greatest strength,’ I’m referring to voter perception and marketability. For example, get ready to hear Obama take credit for killing Osama bin Laden from the Situation Room about 10,000 times between now and November.
It is with considerable envy that I offer up this video about Europe’s fiscal/financial/monetary mess.
While Republicans focus on skewering GOP presidential candidates in primaries, Team Obama’s regulatory juggernaut continues to destroy the American way of life. Small businesses, entrepreneurs, and job creators are already groaning from the weight of the many and new regulations Obama has initiated in the past three years.
If Romney does worse than expected on Super Tuesday, it's a whole new ball game. It would also be a whole new ballgame if Romney were to do poorly in California, or split the delegates three ways here on out.
Most of my non-Jewish Republican friends are baffled by the fact that Jews would even think of voting for Democrats. They tell me that Jews have all the essential characteristics of Republicans – strong family values, religious beliefs, and a commitment to education. Unfortunately, I’ve spent the better part of the last 25 years providing explanations and excuses, one of which is that there typically have been few Jewish Republican candidates with whom to identify. That is changing dramatically, and the person creating this new wave is Josh Mandel from Ohio.
It is hard to imagine a rational, national public interest, in the creation of a “free birth control culture”. If pandering isn’t his rationale, the motive of this birth control entitlement, when coupled with other policies, begins to appear sinister.
According to HealthLeaders Media, regulators reviewed a batch of coverage denials and “found that in excess of 75% of the cases the services indeed were medically necessary, and 10% were not.”
With her retirement announcement, Maine’s Olympia Snowe sent shockwaves through the Washington Establishment. The chattering class went through the normal exercise, decrying how partisan politics had driven away yet another “moderate” and boldly predicting the demise of the Republican Party.
As much as it pains me to say it, the recent suggestion by Paul Myners and Manus Costello in the Financial Times that, in the context of RBS, we are better off as taxpayers taking our losses and getting out of these companies rather than holding out for better returns, is probably correct.
Masked gunmen stopped a tourist bus and forced the passengers to hand over cash, cameras, watches and other valuables. Though no one was injured in the incident, the robbery demonstrates the degradation of security as a result of the ongoing drug wars in Mexico.
Despite the obvious, policymakers and wonks think trimming mortgage principal down to just 10 percent underwater or that lowering borrowers' financing costs for those 25 percent (or more) underwater will somehow halt the slide in home values and spur consumer spending.
Um, I believe that electricity pre-dates gasoline as a power source. Look up: Franklin, Benjamin. The only thing that is really “new” about electric cars is the persistency with which liberals try to impose poor engineering on to the laws of physics.
We were told, if you remember those grim days, that adopting a giant new entitlement somehow was going to lead to less red ink, but I doubt anybody with an IQ above room temperature actually believed that nonsense.
“We are five days away,” the future President famously said in October of 2008, “from fundamentally transforming the United States of America…”
Though the Obama administration's decision to force church-based institutions to provide "access" to contraception as part of their health plans was intolerant and unconstitutional and gratuitously divisive, events have proved the move to be brilliant politics.
The city of Galway in Ireland is building a monument to Ernesto “Che” Guevara de la Serna y Lynch. That last word in his full nomenclature accounts for the honor. Che’s maternal grandmother, Ana Isabel Lynch, was born in Galway, and while still a lassie, moved to Argentina.
Back in 2005, Hurricane Rita struck the Texas coast, Microsoft (Nasdaq: MSFT) released the Xbox 360 console, the Chicago White Sox won the World Series, and the United States seemed to be running out of natural gas.
The Obama administration is prepared to shoot and kill the barred owl in an effort to save the spotted owl. Keep in mind the spotted owl became a major cause of contention as efforts to save it from loggers eventually saw hundreds of logger jobs lost as millions of acres were set aside for their protection.
The conservative movement suffered a heart-wrenching loss with the death of blogger and activist Andrew Breitbart. Social networking sites such as Twitter & Facebook, were saturated with memorials, tributes and positive statements of how Breitbart impacted their lives.
With most of the reformist politicians banned from participating, the elections are shaping up to be a competition between Iran's two dominant conservative camps: the populists, led by Iranian President Mahmoud Ahmadinejad, and candidates supporting the clerical establishment, led by Supreme Leader Ayatollah Ali Khamenei.
The Department of Health and Human Services has announced that it must delay implementation of new reimbursement codes for Medicare. Those new regulations would have increased the total number of reimbursement codes from the current 18,000 to more than 140,000 separate codes.
He forgets that it was the NY Fed’s approval of using credit default swaps to lower bank capital that lead to so much bank counter-party risk being concentrated in AIG (see Gillian Tett’s Fool’s Gold), as well as increasing bank leverage. But then who was heading the NY Fed at this time? Tim Geithner.
The quote comes from a McClatchy Newspapers article on lobbying expeditions to Washington undertaken by local government officials who want federal taxpayers to pick up the tab for projects in their backyards.
In all of my years of analyzing human nature as it applies to politics, nothing has come close to the intrigue of motive principle. In other words, what is the underlying, personal premise that moves a given individual to lean fiscally left or socially right, and vice versa?
The top-down and bureaucratic Medicare and Medicaid systems are perfectly designed for scamming.