Tag Archive | "Economy"

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Obama One Year Later — A Legacy of Lies and Broken Promises

It’s been a year since the president was elected, and he’s already piled up an impressive list of lies and broken promises.

The broken promises include his pledge to enact a “net spending cut,” his promise not to raise taxes on anyone making less than $250,000 a year, and his promise not to sign bills without first giving the public five days of notice.

The Congressional Budget Office says that Obama’s proposed budgets will explode the national debt through massive spending increases, increasing the already large deficits…

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Posted in Agriculture, Economy, Energy, Environment, Ethanol, Global Warming, Healthcare, Insurance, International, Legal, Natural Resources, Personal Liberty, Politics as Usual, Precaution & Risk, Sanctimony, Stimulus to Nowhere, TradeComments (0)

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LibertyWeek 67: Cash for Kids in Court

LibertyWeek 67: Cash for Kids in Court

Your host Richard Morrison and co-hosts William Yeatman and Jeremy Lott conspire to bring you Episode 67 of the LibertyWeek podcast. We start with the looming off-year elections, the unexpected lack of tropical storms and a cash for kids scandal in Pennsylvania. We finish with the fall of a spam king and the swine that didn’t squeal.

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Posted in CEI Projects, Features, Podcast, ZeitgeistComments (0)

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Recession Over? Don’t Hold Your Breath

The recent announcement that the GDP grew in the third quarter at an annualized rate of 3.5 percent was referred to by Treasury Secretary Tim Geithner as proof that the economy is finally improving.  But a quick glance at history demonstrates that this is not the case.

Between 1934 and 1937—during the heart of the Great Depression—GDP grew at by an average of 9.5 percent annually.  In 1934, GDP grew by nearly 11 percent, but it would be six more years…

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Posted in Economy, Employment, Odds & Ends, Stimulus to Nowhere, Trade, ZeitgeistComments (1)

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LibertyWeek 66: The War on Commerce

LibertyWeek 66: The War on Commerce

Join Richard Morrison, Jeremy Lott, William Yeatman and special guest Ryan Radia for Episode 66 of the LibertyWeek podcast. We start with the lobbying war over net neutrality rules, Sen. Kerry’s search for a cap-and-trade legacy and a campaign finance scandal from Japan. We then move on to the White House’s War on Commerce and the allegedly immoral profits in the healthcare insurance industry.

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Posted in CEI Projects, Features, Podcast, ZeitgeistComments (0)

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LibertyWeek 65: Your TV Violates State Law

LibertyWeek 65: Your TV Violates State Law

This week, host Richard Morrison and guest-host Jeremy Lott bring you Episode 65 of the LibertyWeek podcast. We start with an interview with CEI Senior Fellow Gregory Conko about Congress’ health care debacles. Energy Policy Analyst William Yeatman then joins in to discuss avoiding another housing crisis, California’s proposed ban on big screen TVs, the Abramoff scandal’s latest jailing, and the FTC’s war against free speech.

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LibertyWeek 64: Regulators Gone Wild!

LibertyWeek 64: Regulators Gone Wild!

Your host Richard Morrison and guest co-hosts William Yeatman and Ryan Young conspire to bring you Episode 64 of the LibertyWeek podcast. We start with the big vote on health care legislation, squeezing more energy from the ground and the warming that wasn’t there. We continue with the British expense scandal, and the Obama administration’s love for new rules and regulations.

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LibertyWeek 63: Suing the Government into Honesty

LibertyWeek 63: Suing the Government into Honesty

Your host Richard Morrison welcomes guest co-host Jeremy Lott and Editorial Director Ivan Osorio for Episode 63 of the LibertyWeek podcast. We start with CEI’s FOIA fight with the U.S. Treasury, 7-Eleven’s attempt to give consumers a big gulp of government and the solution to a jobless recovery. We then move on to union pension politics, Ireland’s regrettable embrace of EU hegemony and some scantily-clad Olympic News.

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Unemployment Rises to 26-Year High of 9.8%; Obama’s Policies Worsen Unemployment and Credit Crunch

Unemployment has risen to 9.8 percent, a 26-year high.

That’s much higher than the Obama administration predicted unemployment would rise, if Congress had refused to pass his $800 billion stimulus package.  The administration claimed unemployment would rise to 8 percent without a stimulus.

Small businesses are finding it more difficult than ever to borrow badly needed money to meet their payrolls.  New financial regulations backed by the administration are contributing to a terrible credit crunch.  Meanwhile, the wealthy Wall Street investment bank Goldman Sachs, perhaps the…

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Posted in Bailout Watch, Deregulate to Stimulate, Economy, Employment, International, Labor, Politics as Usual, Stimulus to Nowhere, TradeComments (0)

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Stimulus Packages Don’t Work; Obama’s $800 Billion Stimulus Will Shrink the Economy

“Stimulus” packages that increase government spending don’t work, notes Harvard economist Robert J. Barro in the Wall Street Journal.

The administration claimed that Obama’s $800 billion stimulus package would deliver a short-run “jolt” that would quickly lift the economy, but unemployment rose rapidly after its passage, and the package has actually destroyed thousands of jobs in America’s export sector.

Countries that refused to adopt big stimulus packages have fared better than those that imitated Obama. And the biggest-spending countries have suffered worse in the recession.

Obama claimed his…

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Posted in Economy, International, Labor, Legal, Politics as Usual, Sanctimony, Stimulus to Nowhere, TradeComments (0)

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Overpaid Bureaucrats Expand in Number and Pay

Thanks to the $800 billion stimulus package, and other huge government spending increases, the number of federal and state employees is projected to increase massively. The federal government’s payroll may grow by more than 200,000, and perhaps as much as 600,000, over the course of the Obama administration. Obama’s budgets, which would result in record deficit spending of $9.3 trillion, would add at least 100,000 additional bureaucrats during just his first budget, and perhaps as many as 250,000.

This is going to be…

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Posted in Labor, Politics as Usual, Stimulus to Nowhere, TradeComments (0)

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LibertyWeek 62: Soak the Rich, Reap the Wind

LibertyWeek 62: Soak the Rich, Reap the Wind

Your host Richard Morrison welcomes returning guest co-host Jeremy Lott of the Capital Research Center and technical producer Ryan Young as special guest commentator for Episode 62 of the LibertyWeek podcast. We start with the semi-proposed allegedly not-a-bailout of the newspaper industry, Steven Chu’s condescending views on energy policy and Google’s copyright troubles in France. We then look at the what soaking the rich has done to New York’s finances, Obama’s presence at the UN and a good old fashioned…

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LibertyWeek 61: How About FCC Neutrality?

LibertyWeek 61: How About FCC Neutrality?

Your host Richard Morrison welcomes returning guest co-host William Yeatman and special guest commenter Ryan Radia to the program for Episode 61 of the LibertyWeek podcast. We start with the FCC’s just-announced proposal for “net neutrality,” Treasury documents that reveal the true cost of cap-and-trade legislation and the plan for getting over California’s great depression. We then move on to the G20 Summit’s potential path to prosperity and the ever-expanding scandal that is ACORN.

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Posted in CEI Projects, Environment, Features, Global Warming, Podcast, ZeitgeistComments (0)

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Bastiat on the Stimulus Package

Bastiat on the Stimulus Package

Public spending is always a substitute for private spending, and that consequently it may well support one worker in place of another, but adds nothing to the lot of the working class as a whole.”

-Frederic Bastiat, Selected Essays on Political Economy, p. 16 (emphasis in original)

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Posted in Economy, Stimulus to NowhereComments (0)

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LibertyWeek 60: The Man Who Fed the World

LibertyWeek 60: The Man Who Fed the World

Host Richard Morrison and co-host Jeremy Lott welcome special guests Lee Doren and Greg Conko to Episode 60 of the LibertyWeek podcast. We start with a recap of the 9/12 D.C. Tax Protest, look into union rules that hurt minority contractors and consider the alleged ethics violations of former California Assemblyman Mike Duvall. We then turn to Greg Conko for his thoughts on free market healthcare reform and finish with a tribute to The Greatest Man Who Ever Lived, Norman…

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Posted in CEI Projects, Features, PodcastComments (1)

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LibertyWeek 59: The New March on Washington

LibertyWeek 59: The New March on Washington

Host Richard Morrison welcomes guest co-hosts Michelle Minton and Lee Doren to Episode 59 of the LibertyWeek podcast. This week we take a detour from the usual format and focus on the upcoming 9/12 March on Washington, where thousands of Americans from across the country will converge on Capitol Hill to protest record levels of government spending and borrowing. The demonstration is about defending our liberty and about restoring our Constitution by reducing the size and scope of the federal government.

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“ObamaCare’s Crippling Deficits”

Martin Feldstein, an economic advisor to Obama, criticized “ObamaCare’s Crippling Deficits” in Monday’s Wall Street Journal, noting that “the higher taxes, debt payments and interest rates needed to pay for health reform mean lower living standards.”

Obama probably chose Feldstein as an adviser because of Feldstein’s support for big stimulus packages during recessions. But selecting him was politically unwise, since Feldstein has a history of candidly criticizing Presidents for allowing deficit spending to continue after recessions end (as an economic adviser…

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Posted in Healthcare, Politics as Usual, Stimulus to NowhereComments (0)

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LibertyWeek 58: Throw the Bums Out!

LibertyWeek 58: Throw the Bums Out!

Your host Richard Morrison welcomes returning guest co-host Jeremy Lott of the Capital Research Center and special guest Sean Higgins of Investor’s Business Daily for Episode 58 of the LibertyWeek podcast. We begin with a revolt against congressional incumbency, wicked and foolish climate policy and a political sea change in the land of the rising sun. We continue with a technology news interview with Ryan Radia and finish with some fiscally sound Olympic News.

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Obama Keeps Lying About His Health-Care Plan, Even After Being Caught by Fact-Checkers

Obama Keeps Lying About His Health-Care Plan, Even After Being Caught by Fact-Checkers

You just can’t trust President Obama’s claims about his health-care plan. He keeps on lying even after he is caught lying and his lies have become obvious.

The Congressional Research Service and the Washington Examiner say that illegal aliens WILL be covered by ObamaCare — contrary to what Obama claims.

Factcheck.org and the Associated Press’s Ricardo Alonso-Zaldivar earlier reported that abortions would be covered by ObamaCare — contrary to what Obama claims.

Fact-checkers have repeatedly caught Obama lying about health-care.

But when Obama denied that his health-care…

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Posted in Healthcare, Politics as Usual, Sanctimony, Stimulus to NowhereComments (0)

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Obama’s Health-Care “Reform” Contains Hidden Tax Penalties for Unsuspecting Taxpayers

ObamaCare won’t just raise taxes on the rich, and impose tax penalties on people without approved health-insurance plans. It will also dramatically change tax laws so that “taxpayers will be fined for honest mistakes,” explains prominent New York tax lawyer James M. Peaslee. That’s true even if the mistake resulted from a confusing tax rule, and the taxpayer “tried in good faith to comply with the law.”

(Keep in mind that the health-care bill backed by Obama is over 1,000 pages long, and some…

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Posted in Healthcare, Legal, Personal Liberty, Politics as Usual, Sanctimony, Stimulus to NowhereComments (1)

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LibertyWeek 57: The Scandal That Wouldn’t Die

LibertyWeek 57: The Scandal That Wouldn’t Die

Your host Richard Morrison welcomes back guest co-hosts William Yeatman and the Capital Research Center’s Jeremy Lott for Episode 57 of the LibertyWeek podcast. We start with Blue Dogs and health care legislation, cash for clunkers running on fumes, and AT&T’s response to an iPhone controversy. We continue on with the scandal that wouldn’t die and the architectural historian’s version of Olympic News.

SPECIAL BOOK FEATURE: Shattered Lives: One Hundred Victims of Government Health Care. This book documents stories from Canada, the…

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