Tag Archive | economic

Obama’s Secret National Energy Tax


In a blatant unconstitutional attempt to bypass the legislative process, the Obama administration is seeking to impose a national energy tax via the Environmental Protection Agency (EPA) [Article – 1. The Hill Newspaper: Energy Independence calls for broad array of sources | 2. The EPA’s Backdoor National Energy Tax].

Statist leftists like President Obama, members of his administration, and many in U.S. Congress do not hold the U.S. Constitution in high regard.  They do not hold average, hard-working Americans in high regard.  They do not hold free-market capitalism in high regard.  It is evident they are now trying to absolutely destroy the American economy, no matter what.

Obama and his administration hold to the belief that humankind, more specifically those in humankind who happen to be American, have caused global warming and are destroying the planet.  Anthropogenic global warming has already been proven to be based on questionable science.  The so-called “scientists” who have promoted anthropogenic global warming have been exposed as liars and frauds.

Anthropogenic global warming is a HOAX!!!  Obama and his administration are basing their policies on a HOAX [Article – Editorial: The Great Global Warming Hoax?]!!!  Who’s going to suffer from their reckless, destructive, economically-eviscerating policies?  Every American…with the exclusion of the very leftist elitists who are imposing their draconian desires upon those whom they view with utter contempt and hatred.  Nobody dare get between them and their twisted, warped vision of what their Shangri-la world should be like.

Topped by all of the out-of-control spending Obama and the spend-o-crats have already tallied up, coupled with the looming government-controlled health care legislation—another potential economy-killer, Obama’s so-called “climate change” legislation-by-proxy will most definitely transform the country, but not in the way he envisioned it to be (or did he?).  It will transform the United States of America into the world’s largest third-world country [Article – 1. Deming: Cap and trade bill will wreck U.S. economy | 2. U.S. Chamber Official Warns That Cap And Trade Bill Will Destroy Jobs | 3. Cap-and-Trade bill does nothing for oil dependence].

It’s becoming more and more evident that Obama and other statist politicians in the United States are unconcerned about the plight of the American people and those who have fallen victim to financial hardship.  They care not one iota about those who are unemployed.  They couldn’t care less about the condition of the average American citizen.  Why are they intent on driving our country into a cauldron of turmoil, suffering, and despair for years to come?  Why do they feel it fitting and proper to impose rules and regulations that do nothing to build up and enrich the American way of life?  Why do they insist on ignoring the will of the American people by passing legislation that will do nothing for our country’s economy?  Why are they scheming and conspiring behind closed doors to do our country harm by trying to stealthily slip their authoritarian edicts behind the backs of the American people, brazenly subverting the provisions set out in the U.S. Constitution?  Those questions and more must be asked of our country’s politicians.  The American people need to stand up and put a stop to abuses of power by any means, short of armed uprising.  I am afraid; however, that if our country’s leaders will not listen to loud dissenting voices and continue to ignore the citizenry, there will be no other choice but to forcibly remove those obstinately self-righteous leaders.  Pray that day never come.

Kentucky Senator Jim Bunning Holding To His Guns


Ignoring both Democrats and fellow Republicans, Senator Jim Bunning (R-KY) is holding to his guns by preventing unemployment benefits extension from going through.  The reason?  Funding.  All that Senator Bunning wants is for funds from unspent stimulus to be used for the benefits extensions.

Statist Senate Democrats, left-wing media, and leftist bloggers are criticising Bunning for the stalling tactic.  Evil Republican Jim Bunning is denying the unemployed their benefits.  Perhaps they will blame Bunning for killing unemployed Americans?  Statists point to Bunning’s silence during the G.W. Bush years of defense spending and tax cuts, which supposedly added to the deficit [Article – 1. Top Democrats look to shame Bunning on unemployment benefits filibuster | 2. Unemployment benefits end today; extension not approved by Senate].

Here’s where the statists are wrong:

1. The Bush tax cuts increased government revenue.  How?  Employers could afford to hire more people to work.  The fewer people unemployed, the more that entitlements are reduced.  The more people who were working, the more tax base the government had.  The more tax base the government had, the more tax revenue that was collected.

2.  Defense spending is a necessary part of the federal budget.  The only part of the budget that is larger than defense spending is entitlement spending [Article – Entitlements Crowd Out Defense Spending, and It’s Only Getting Worse].  The statists who hate the military will never understand, nor recognize that fact.  This would also explain their ignorant comments on the defense budget.  They tried again and again over the years to defund our military out of existence.  Their disdain for the country’s servicemen and women is well-documented.  None of them can say they are patriotic Americans and that they support the troops while taking their funding away at the same time.  That is something two-faced liars do.

3.  The issue at hand is not dealing with defense spending or tax cuts.  The issue is how to pay for unemployment benefits.  The money for stimulus has already been allocated.  Why not use some of those funds for unemployment extensions?  This garbage about being against the rules should not be a problem for the current Congress and presidential administration, since they have consistently broken the rules over the past year anyway.

4.  Nobody would be talking about extending unemployment benefits if the Obama stimulus would have worked in the first place [Article – 1. Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising | 2. Obama: Stimulus Has Saved 2 Million Jobs | 3. The ‘Stimulus’ Actually Raised Unemployment | 4. Fact Checking Team Obama’s Stimulus Claims].

5.  President Obama is a huge fan of a pay-as-you-go system.  From his own mouth: Read More…

Obama’s “Czar” Of Manufacturing Ron Bloom: He “Kinda” Agrees With Mao (Tse Tung)


Obama “czar” of manufacturing, Ron Bloom says that the free market is “nonsense” and “kinda” agrees with communist China’s late (but no so great) Chairman Mao Tse Tung:

What a coincidence—another Obama staffer who “kinda” agrees with communist boss and mass murderer Mao. Which point does Mr. Bloom agree with Mao on? That it is not really necessary to use force or coercion to achieve political objectives or that one only needs to bluff a person or group of people into thinking the “gun” is not loaded? How well received would the words that Mr. Bloom uttered be, if he took his speech to town hall meetings? So how is the free market not working in communist China today? Would China be on the rise economically without free market capitalism? I wonder how Mao would feel about his precious China if he could see it today. I dare say that if Mao Tse Tung was still living and currently in power, China would still be 20 to 30 years behind the United States, economically and technologically.

Van Jones, Anita Dunn and now Ron Bloom. Is there a pattern here? Why are more of Obama’s staffers and so-called “czars” being exposed embracing the philosophies of a totalitarian communist dictator or Marxist philosophy in general? How long of a laundry list do we have to compile before we see that the current administration in place is anti-capitalist and Marxist? We should not get to the point where it is too late to find out.

Video of Ron Bloom’s full speech can be viewed below (four-part series): Read More…

Obamanomics: FAIL


How is Obamanomics working for us lately? Has there been job creation such has not been seen since the Reagan years? Are there “shovel ready” jobs popping up everywhere? Is unemployment in the eight to nine percent range? Is the dollar rebounding and strengthening in value? Is the United States still ensconced as a financial and economic power?

Possible answers:

Obama Eyes Economic Triage for Unemployed

Obama Weighs Spending to Stem Job Cuts Without Second Stimulus

U.S. Sept non-farm payrolls plunge 263,000

Swiss topple U.S. as most competitive economy: WEF

Gold soars to record on dollar standard talk

Dr. Doom: U.S. economy faces ‘death by a thousand cuts’

Read More…

U.S. Dollar Continues To Weaken


The U.S. dollar continues to take a dive in value, but why? I thought our recession was slowing. I thought there was light at the end of the economic tunnel. What is going on? Why are world leaders now entertaining the idea of weakening the dollar to rebalance the worldwide economic situation [Article – FX COLUMN-Global rebalancing to weaken dollar, quietly]? There are several ideas, but we are not helping ourselves through reckless economic policies. Is it ignorance on the part of the Obama administration and the Federal Reserve or is it a calculated maneuver? I shudder at the thought of either one or the other.

Federal Reserve steps up its debt monetization

Monetizing Debt: The Grandest of Larcenies

Saying Goodbye to the Borrow and Spend Economy

Obama To The U.N. – Don’t Count On Us, Slams Israel


In today’s speech to the United Nations, our Apologist-in-Chief, President Obama told the world to basically not count on us for help, while at the same time asking for their cooperation on such matters as reducing carbon emissions, fighting infectious diseases, and opening economic policies in an effort to more actively participate in the world market. He also took the opportunity to trash Israel and elevate the Hamas-led Palestinian Authority.

“Those who used to chastise America for acting alone in the world cannot now stand by and wait for America to solve the world’s problems alone,” Obama said. Read More…

Climate Change: Obama Administration Knew About High Cost Of Cap And Trade


It appears the Obama administration knew about the high costs of cap and trade. In the U.S. Treasury Department’s report to the Competitive Enterprise Institute, several omissions or blacked-out words have been found. Was the information in the report so embarrassing and damaging to President Obama that he and his administration cajoled or even forced the Treasury Department into making sure that nobody knew about it?

Remember:

Thanks to the Freedom of Information Act, the Treasury Department’s report had to be released; however, I guess the FOIA doesn’t mention what condition the report has to be in [Article – 1. Cap-and-Trade Memos Fire Up the Skeptics | 2. Cap And Trade Redux: $1,761 Annually Per Family? Or Not?].

So much for transparency and “change you can believe in”. More Chicago-style politics at work here, ladies and gentlemen.

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