“Jim Jett always used to say that his brother was the damndest scoundrel that was ever borne,” drawled Abraham Lincoln, “but by the infinite mercy of providence he was also the damndest fool.”
"None of the changes I'm proposing are easy or politically convenient," President Obama noted from the Rose Garden on Monday. I've never seen a president less in a hurry to get things done -- or as quick to display his deep reservoir of self-pity.
“Get out of the way.” With this statement, John Galt articulated the simple and necessary policy solution to the disastrous centrally-planned economy in Atlas Shrugged. It’s also sage advice that President Obama should consider before he unveils his latest jobs plan before the Joint Session of Congress tonight.
What do you call it when a group of liberal activists in San Francisco pay $76,000.00 to attend an exclusive fund raiser with President Obama, and then disrupt his speech in front of his private audience with a protest song?
Last week, President Obama reversed course once again and now wants to raise taxes on the "rich" making above $250,000 per year. Obama is in dire need of additional revenue after proposing a $3.8 trillion 2011 budget -- containing the largest deficit in U.S. history at an estimated $1.6 trillion. Yet his latest share-the-wealth proposals make little sense.
It took a few tries, but Ayn Rand’s magnum opus is finally coming to the big screen. On Tax Day (appropriately), Atlas Shrugged will show in over three hundred theaters.
During the 2008 presidential campaign when candidate Barack Obama told "Joe the Plumber" that he wanted to "spread the wealth around," it sounded to a lot of conservatives like socialism: "From each according to his ability, to each according to his need," in the words of Karl Marx.
The New York Times reported last month that General Electric earned $14.2 billion in international profits, including, $5.1 billion in the United States. Yet GE did not pay a dime in federal income taxes last year.
>Despite the big love that Big Labor has given Obama, he hasn't passed card-check legislation, nor will he get anywhere near to doing so until at least 2013 – if ever – if the U.S. House and Senate maintain the same Republican numbers.
At Philadelphia's 30th Street Station on Tuesday, lifelong government rail promoter Vice President Joe Biden unveiled a $53 billion high-speed train initiative and half-joked: "I'm like the ombudsman for Amtrak." As with most gaffetastic Biden-isms, the remark should prompt more heartburn than hilarity.
Barack Obama rose to office promising to take on the "special interests." But there may be no "special interest" quite as special and quite as well connected as General Electric.
Recently, President Obama appointed GE chairman Jeffrey Immelt to chair the President’s Council on Jobs and Competitiveness.
Can GE CEO Jeffrey Immelt talk President Obama into a major corporate tax cut?
Can Obama’s new advisor shine a light on corporate tax cuts?
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed | Mike Shedlock