Did you know that public uncertainty about federal economic policy is at a 30-year high? Economists at Stanford University and the University of Chicago have actually discovered a way of measuring how uncertain people are. They find that their measure of uncertainty correlates with such economic activities as deciding to invest, deciding how much to produce and deciding whether to hire more workers.
Two weeks ago, in an unofficial inauguration ceremony at Tahrir Square in Cairo, Egypt's new Muslim Brotherhood President Mohamed Mursi took off his mask of moderation. Before a crowd of scores of thousands, Mursi pledged to work for the release from US federal prison of Sheikh Omar Abdel-Rahman.
It's the world's most preferred fuel for electricity generation, and people hate it... Even children don't like it.
In a DOE press release, Reid actually bragged about how he included the green loan guarantee in the stimulus bill.
The only way the Freeh Report on the Penn State scandal could’ve been any worse for those involved is if it discovered they acted as their former pedophile football coach’s pimps by helping him actually procure the young boys he abused.
The coverage of former FBI director Louis Freeh's report on the 14-year cover-up of the child abuse scandal associated with Penn State's football program gives us a peek into an issue I've thought about for a long time: Closed circles.
The Obama administration's loathsome cowboy, Interior Secretary Ken Salazar, won't take no for an answer. He's been smacked down repeatedly by federal courts for imposing a draconian, junk science-based moratorium on the oil and gas industry. Yet, the job-killing zealot and his boss just introduced another ruinous offshore drilling ban two weeks ago.
On July 9, Washington Post media reporter Paul Farhi composed a puff piece to honor Stephen Colbert, "fake news" commentator and satirical fake conservative. It turns out Colbert is becoming an "obsession in academia," with a new collegiate submersion in "Truthinessology."
Those of us who believe the United States would be best served by pulling out of the United Nations and starting up a more morally and politically serious clubhouse for morally and politically serious nations are often accused of tilting at windmills.
So what about the GOP House vote to repeal that legislative monstrosity that masquerades under the misleading title of "Affordable Care Act"? Was the vote more than symbolic?
There are plenty of reasons that the economy is the most important issue of Election 2012. Unemployment has remained high for a long time, and even 27 percent of those who have a job are worried about losing it. Only half of homeowners now believe their home is worth more than what they still owe on it. Just 16 percent believe that today's children will be better off than their parents.
Public officials and pundits are still digesting the Supreme Court’s Obamacare decision in NFIB v. Sebelius. Not yet discussed are the extraordinary implications for the size and role of government in a second Obama term in light of President Obama’s new stump speech, as it is clear there is not a reliable majority on the Court to restrain government power by enforcing the limits imposed by the Constitution.
Here in the Carolina Lowcountry, there are few things lower in the esteem of American citizens than the United Nations. While filling the tank of my SUV this morning, I noted the following about the pickup truck at the pump ahead of me: a South Carolina license plate, a U.S. Marine Corps decal, a National Rifle Association decal, a gun rack in the rear window, a sticker reading "Armed Infidel" and another that said "Get US Out of the UN" on it.
These past few days have given us a lot of fireworks, between the Supreme Court decision upholding Obamacare and the celebration of Independence Day. With the fireworks came a serious look at the Founding Fathers -- and what they had to say about governance.
Though a consistently good show, few conservatives mistook M.A.S.H for anything but pinko propaganda. Last week long-time M.A.S.H star Mike Farrell (Capt. B.J. Hunnicut) took the last few baby-steps and started spouting outright Communist propaganda.
The Washington Free Beacon reported this week on the continuing omission of Israel from a U.S.-sponsored organization called the Global Counterterrorism Forum (GCTF). At a recent forum meeting in Spain, Maria Otero, U.S. undersecretary of state for civilian security, democracy and human rights, delivered a speech titled' Victims of Terrorism,' but, in her roll call of victims, she didn't mention Israel.
Mitt Romney delivered a gutsy speech to the NAACP convention on Wednesday, reminding African-Americans of what most of them knew or should have known: President Obama hasn't made their lives better.
A chorus of Washington, D.C. Democrats are calling on Mayor Vincent Gray to resign amid allegations his campaign engaged in “underhanded deeds” to win his race against incumbent Mayor Adrian Fenty in 2010.
Since the Fed meets on July 31 and August 1, investors are encouraged to pay close attention over the next two weeks to economic reports since this same information will be used by the FOMC members to make their next decision on additional stimulus.
In nations where socialized medicine has been in force for some time, the elderly and infirm are being sacrificed (killed) for the comfort of the young and healthy. And with the Supreme Court’s recent decision to uphold socialized medicine in America via ObamaCare, there is justifiable concern that the elderly and infirm may eventually face the same fate here in America.
For some four years now, Barack Obama has been telling us that the dramatic tax cuts that George W. Bush got passed in order to encourage investment, rev up the economy, create jobs, and generally let Americans keep more of their own money were really a disaster.
While most Americans were enjoying a festive Independence Day last week, the National Education Association was holding their annual convention in Washington, D.C. Beaten down after another solid year of negative press, declining membership, and legislative and legal battles, the NEA convention took on a hyper-partisan tone best reserved for partisan political rallies.
On Monday, Benjamin Jealous, president of the NAACP, decided to confront the issue of Voter ID. Unfortunately, he embraced the left’s absurd ideology that it is voter suppression and an assault on the rights of minorities.
President Obama has long wanted to engage Iran. In his inaugural address, he said he was willing to “extend a hand if you are willing to unclench your fist.” Over and over, Iran’s rulers have demonstrated that they are not willing. He should reach out again — but this time to the Iranian people, not those who oppress them.
Anyone who wants to study the tricks of propaganda rhetoric has a rich source of examples in the statements of President Barack Obama. On Monday, July 9th, for example, he said that Republicans "believe that prosperity comes from the top down, so that if we spend trillions more on tax cuts for the wealthiest Americans, that that will somehow unleash jobs and economic growth."
We are witnessing a seismic shift in global affairs. The shake-up is a perfect storm of political, demographic and technological change that will soon make the world as we have known it for the last 30 years almost unrecognizable.
Presently in America, nearly half of all households receive either a salary or substantial benefits from the government. Presently in America, nearly half of all adults pay no federal income taxes. Presently in America, the half that pay no income taxes receive the bulk of their income courtesy of the government, but ultimately from the half that do.
What are Americans interested in? According to a Gallup poll released on June 14, it's the economy, in a variety of forms. The poll found that "68 percent of Americans mention some aspect of the economy when asked about the most important problem facing the country today, with the economy in general (31 percent) and unemployment (25 percent) most often mentioned as specific concerns." (Poll of 1,004 adults, conducted June 7-10, with a sampling error of plus-or-minus 4 points.)
NAACP members booed Mitt Romney when he spoke at the group's annual convention in Houston on Wednesday. The audience heckled the former Massachusetts governor three times, once after he promised to repeal Obamacare if elected. It's also true that the audience cheered Romney repeatedly, if not wildly.
Oh, yes, I have seen Republican presidential campaigns ... far too many. Make no mistake, in my judgment, Mitt Romney has everything it takes to be a great president. Unfortunately, my job is to provide realistic analysis about elections.
In order to reconcile their grandiosity and iconography with inconvenient economic facts, liberals, like Obama, depend upon the unreliable magic trick of redefining words to mean the opposite of what any plain speaking person would understand them to mean.
Union-funded hacks like those at the Economic Policy Institute tell us public employees have it rough. Their pay is so low they resort to eating dog food at night. Their pensions are terrible and no one – and we mean no one – should be subjected to such poor health care coverage.
With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. Last Friday's jobs report confirms that Obama is well on his way to transforming America into a third world country, with declining living standards and perpetual economic stagnation.
I have just cleared the "Soo" locks of Sault Ste. Marie, Michigan, passing from the lower Great Lakes to Lake Superior. In fact, I am now anchored just off a beautiful lighthouse on Lake Superior. Yes, you have guessed correctly. I am in a boat, a cruise ship, in fact, known as the "Yorktown," possibly in honor of the famed battle that ended our War for Independence, though possibly for some other achievement. I shall not hazard the question to our extremely busy captain. He has enough on his mind, and I am told these waters are treacherous. My life jacket is never far away
A lot of statistics are bandied about in conversations, idle gossip, the media and then used by politicians for political advantage. They are actually meaningless when it comes to analyzing the health of an economy when viewed by themselves, or in a vacuum.
For a man known in political and media circles for his prodigious application of the “f-word” (as a noun, an adjective, a verb, an adverb — most likely all eight parts of speech), Chicago Mayor Rahm Emanuel sounds like the veritable schoolmarm when recently scolding that city’s murderous gangs.
When she was a precocious preschooler, the daughter of my cousin was famous for begging to sit in the front seat of the family car. As the youngest of four children, she was unlikely to have that privilege, even if she was large enough to safely sit up front. She begged anyway.
Lost in all the chatter about Republican presidential nominee Mitt Romney speaking to the National Association for the Advancement of Colored People (NAACP) was that Romney demonstrated a desire to earn the black vote while President Obama could care less about it.
Granted, it was not the most popular decision ever rendered by a chief justice of the United States. Its immediate result was particularly unpopular with those who over the years had shared his own political loyalties and ideological tendencies.
President Obama’s ego is bigger than the office of President of the United States and that’s the problem because he’s more concerned with himself than leading the country. As four-term Congressman Bobby Rush, who defended his seat against Obama in 2000 remarked in the book the Amateur, “Obama believes in Obama.”
After two long years of speculating, campaigning, hoping, and voting the Ron Paul presidential campaign has come to an end. At the end of this year, Ron Paul’s bid for the presidential ticket will be eclipsed by his retirement, after the completion of his four decades as a congressman.
Last Friday's top-line unemployment figures - showing only 80,000 jobs were created during the month and the unemployment rate remaining unchanged at 8.2 percent - was far worse than anyone in the Obama campaign or in the political shop at the White House could have expected.
Last year, Congress agreed to $1.2 trillion in automatic spending cuts, unless politicians find other things to cut. They didn't, of course. So now, with so-called sequestration looming in January, panic has set in. Even the new "fiscally responsible" Republicans vote against cutting Energy Department handouts to companies like Solyndra and subsidies to sugar producers. Many claim that any cut in military spending will weaken America and increase unemployment.
One of the more difficult lessons to teach economics neophytes -- and, many times, trained economists -- is that economic theory cannot say anything definitive about subjective statements, such as what's better, good, bad or worse. Let's try a few examples to make the point.
Barack Obama has trouble telling the truth. This is the man who admitted his memoir "Dreams from My Father" was semifictional. "For the sake of compression, some of the characters that appear are composites of people I've known, and some events appear out of precise chronology." Translation: On some pages, I'm taking poetic license with the facts to burnish my image.
No previous president ever promoted a giveaway more peculiar than Barack Obama's mandate that all health care plans must offer free sterilizations to all women -- but not all men -- capable of breeding.
Last month (June 18) marked the 200th anniversary of the start of the War of 1812. In this "second round" of the Revolutionary War, a weak, aggrieved yet ornery United States confronted its former colonial master, the eminently powerful but also riled Great Britain.
Chris Dodd is gone to pasture and Barney Frank is about to follow. The legacy of their signature reform legislation called Dodd-Frank however is still alive- and it could kill again.
Early last year, when the death toll from Mexican President Felipe Calderon's crackdown on the cartels stood at 35,000 or so, Michele Leonhart, head of the U.S. Drug Enforcement Administration, told reporters in Cancun that "the unfortunate level of violence is a sign of success in the fight against drugs."
Obama is beginning to look like a president with Carter’s policy competence and Nixon’s ethics. Unemployment remains stuck, once again, at a horrendous 8.2%, while the Obama administration bends the Constitution into unrecognizable shapes and in prosperity-thwarting ways
In this year’s election, the economy has certainly taken center stage. This is for good reason, of course. The real unemployment numbers for our nation show a figure between 15-20% when all factors are considered, including the underemployed and those who have stopped looking for work.
Romney and his staff will have to attack at the right locations with the right message. The economy is broken, Obama made it significantly worse, and Obama is unable and unwilling to fix it.
According to published reports, PFG was understating the amount of capital it had for months. Not by a little, but by a longshot.
Most U.S. investors dismiss the idea of investing abroad. They tend to think other countries are "riskier" than the United States.
Baby, it's hot outside. If it wasn't for the refreshing cold front pushing through parts of the U.S. right now, one might be tempted to think there is something to all that global warming nonsense that conveniently breaks out every time it is warm enough for a climate change alarmist to break out in a sweat.
Testifying before a Senate committee a few months ago, U.S. Secretary of State Hillary Clinton lamented that America was "in an information war, and we are losing that war." This week, she blew a fuse at the "Friends of Syria" meeting in Paris, saying that Russia and China should "pay a price" for not supporting regime change in Syria.
Know what hasn't been "doing fine" for a single day since Barack Obama came into office? The private sector.
In 2007, when I began writing my New York Times best-seller "Black Belt Patriotism," unemployment was less than 5 percent; the annual federal budget was about $2.9 trillion; the federal deficit was $161 billion; and the national debt was $9 trillion.
If some of you ladies want to know how you can suck the life out of your marriage and drive your good husband to insanity, or to the bar, or into the arms of another woman, or to a divorce attorney, or just shrivel him up into a conquered quail who inwardly loathes you as he dies a slow, emotionally tortuous death, well then . . . this is your lucky day.
During my book "tour," radio hosts are forever asking me whether I believe that Obama is intentionally attempting to destroy America. It's a fair question, especially given the title of my book and because so many people legitimately believe he is. I have never been too receptive to conspiracy theories, and I'm not particularly enamored of ones circulating about Obama. But unlike many other such theories, this one is about a truly unprecedented assault on the American idea and on those first principles that have made America the unique experiment in constitutional governance that it has been.
Democratic California state Sen. Joe Simitian probably is best-known as the author of California's bill to ban the use of hand-held cellphones while driving. After Friday's vote, Simitian may be best-known as the Democrat who warned his colleagues not to issue $4.6 billion in bonds for big-ticket high-speed rail.
For labor unions around the country, political losses serve as a painful reminder that when they decided to go all-in for Obama in 2008, they alienated the rest of us non-government, non-union members- the 99 Percent- who have to go out and earn our keep every day. And that alienation is being felt in political defeats by unions around the country.
The other day I saw a syndicated column about sex-selection abortion. That is, a mother's choosing to abort her baby because it's the "wrong" sex, say a girl, when she really wanted a boy. It happens around the world, particularly in Asia. And the one-child policy in still Communist China has only increased the practice. It would be hard to come up with a clearer example of sexual discrimination.
In Lone Survivor, a chilling, firsthand account of the loss of eleven members of the Navy’s elite Sea, Air, Land (SEAL) Team and eight Army aviators, Petty Officer Marcus Luttrell describes the fateful decision that led to disaster for him and death for his comrades. It came down to a judgment call about whether to risk prosecution and jail-time for doing whatever it took to complete their mission, or to allow three Afghan goatherds to rat out his unit to the Taliban.
When the U.S. Supreme Court upheld ObamaCare on June 28, supporters immediately pronounced “game over” on the fight against President Obama’s abortion pill mandate as well. Their thinking was that since the overall health care act had been upheld, the mandates and rules proceeding from it had been upheld, too.
Overshadowed the past two weeks by the Supreme Court’s ObamaCareTax decision and the Fourth of July holiday was an important revelation that, since at least March 2010, senior Department of Justice officials knew about the gun-walking tactics used in Operation Fast and Furious and did nothing to stop it.
Increasingly, we’re thinking of more and more ways to game a system which we have less and less faith in.
“Americans loved, and still love, the notion of the small town as a manageable, nonthreatening, friendly, finite community …. The black-and-white world that Andy Griffith shaped so masterfully is there for our perusal from a distance, but it is not coming back – either on television or anywhere else.” – Ted Anthony.
In another bone-headed attempt at messing up the real estate market instead of letting it reset on its own, officials in San Bernardino County have figured out a way to seize property.
Mayor Bloomberg’s recent decision to outlaw the Big Gulp in New York City in the name of promoting public health made news headlines as well as fodder for some pretty scathing one-liners from the late night comedians. But this is no laughing matter.
What if we all simply decided to interpret the 5-4 Supreme Court decision to uphold Obamacare as a 9-0 vote to overturn Obamacare?
The futures industry is littered with people who have killed themselves. I have known a few. Off the top of my head, I can count at least ten people since 1986.
The Supreme Court's recent decision in the Arizona immigration case settled the debate over whether states may criminalize violations of federal immigration law (they may not) or require local police to check the immigration status of detainees they suspect of being in the country illegally (they may).
Congratulations to the Supreme Court’s supreme effort to protect their reputation at the expense of the Constitution and the idea of a limited federal government. The problem with the ObamaCare decision is that the individual mandate is not a constitutional exercise of the federal government’s taxing power.
Summer is coming and everyone expects to pay a little more to keep the temperature in the house bearable. But do you expect to pay eight times as much as you have in previous years? Unfortunately, that is exactly what will happen to consumers in some parts of the country unless Congress stands up to the insane regulations on coal put forth by the Environmental Protection Agency (EPA).
According to published reports, when Larry Brinkin was arrested two weeks ago, the police found “images of year-old infants subjected to sodomy and oral sex, and perverse racial comments (Brinkin’s email: ‘I loved especially the 2 year old n----- getting nailed. Hope you’ll continue so I can see what the little blond b---- is going to get. White Power! White Supremacy! White D--- Rules!’).” Yet the media has barely reported this terribly disturbing incident.
Last week there was a lot of buzz about a teenage conservative who made a splash when he spoke at a conference and became the darling of the conservative – and liberal – media. The liberal media especially propped him up as a parlor trick. Conservatives were amused by his earnestness. Liberals were amused by the stereotype of the conservative nerd in a little suit and tie.
Nothing is likely to get an argument started among sports fans faster than attempts to name the all-time greatest in any sport, or even the all-time greatest in a particular aspect of a sport. However, in baseball, we can at least narrow down the list of possibilities -- considerably, in fact -- when it comes to hitting.
"A step in the right direction." That's what Barack Obama said in Poland, Ohio, about Friday's Bureau of Labor Statistics unemployment report, which showed only 80,000 net new jobs and unemployment remaining at 8.2 percent.
Well, it looks like the libertarians are mad at me again. Several of my libertarian readers have written to complain that my recent columns have been switching back and forth between making fun of homosexual rights activists and abortion rights activists.
Feeling misled? You certainly should. Congress created a law so complex that it occupies between 2,400 and 2,800 pages depending on who says what, almost all of them unread by the people who voted for it. President Obama and his Democratic colleagues told you many things about the law – most of which were either mischaracterizations or outright lies. What Chief Justice John Roberts did was tell the truth, and now we can move forward.
As to me being “pure” evil, I’m not sure that you have the required FDA information to make such a claim. Nor could you call me either “naturally” evil or even “organically” evil without sufficient data to support the claim. I’m disappointed, but not surprised, that liberals like you would trifle with the fine folks at the federal government by making unsupported scientific claims about the nature and quality of my evilness.
While congressional Republicans have been reduced to taking symbolic repeal votes, and Mitt Romney struggles to determine whether or not the individual mandate is a tax, governors — and state legislators — have become the real heroes of the fight against Obamacare.
Yes, you are correct; applying one of literature's most famous quotations to the problems facing today's central bankers is the very definition of trite. But after reading the four lines and making the referenced substitutions, I'm guessing even an Econ 201 student can see what I'm getting at.
Watch out! The pork-laden farm bill is coming to the People’s House. Just like in the Senate, the same special interests undermining their competitors and crying foul that someone else is getting a better handout will be out in full force to ensure the House of Representatives keeps the government trough filled to capacity, courtesy of the taxpayers.
Whenever the ends of Government are perverted, and public liberty manifestly endangered, and all other means of redress are ineffectual, the People may, and of right ought to reform the old, or establish a new Government; the doctrine of non-resistance against arbitrary power and oppression is absurd, slavish and destructive of the good and happiness of mankind. –Declaration of Rights, Maryland
Obamacare is a tax. It’s not a tax. Politicians and pundits are all over the map on this. A tax, a mandate, a ham sandwich…the answer depends on who you ask. But none of this matters because, whatever else it is, it’s currently the law of the land. But how did this happen?
John Burton has achieved the impossible. As the author of the 2004 bill that led to California's foie gras ban, the crusty former state senator, now chairman of the California Democratic Party, has made eating liver cool.
Years from now historians will look at the presidency of Barack Obama and assess that while his goals could have perhaps been well intentioned when he campaigned for office for his first term, the ensuing campaign for his second term and the desire to change very little was conclusive proof that he couldn't care less about the nation's outcome.
Don’t get all excited, Occupy Types. Obama did not pay off all your student loans although he did lower monthly payments. While Obama blames the GOP for not doing more about this, he forgets to mention that it’s actually his Democrat-led Senate that is causing all the student loan road blocks for him.
Private industry can't spend $7 billion on a pipeline that will create tens of thousands of jobs, but Obama can earmark $100 billion for high-speed rail in California.
From the moment the push to redefine marriage began, the most militant of the would-be redefiners deployed a “scorched earth policy” toward marriage to achieve their goals.