Tag Archive | "stimulus package"

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

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…

Read the full story

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)

Tags: , , , , , , , , , , , , , , , , , ,

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…

Read the full story

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

Tags: , , , , , , , , , , , , , ,

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…

Read the full story

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

Tags: , , , , , , , , ,

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…

Read the full story

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

Tags: , , , , , , , ,

“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…

Read the full story

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

Tags: , , , , , , , ,

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…

Read the full story

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

Tags: , , , , , , , ,

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…

Read the full story

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

Tags: , , , , , , ,

Letting Illegal Immigrants Sink Health-Care “Reform”

Mickey Kaus, who voted for Obama and wants universal health-care, wonders why Obama is damaging his credibility and endangering his health-care reform proposals by lying about whether ObamaCare will cover illegal aliens.  He chides Congressional Democrats for trying “to sneak de facto health care for illegals through while showily saying the opposite,” and Obama for offering “carefully-crafted phrases designed to offer false assurance” that illegals will not be covered.

Kaus notes “that illegal immigrants will too get health insurance under the current…

Read the full story

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

Tags: , , , , , ,

More Legal Experts Say ObamaCare Is Unconstitutional

More legal experts are questioning the constitutionality of ObamaCare.  In today’s Washington Post, two former Justice Department lawyers, David Rivkin and Lee Casey, argue that a central provision of Obama’s health-care plan – the “individual mandate” — is unconstitutional, and beyond Congress’s powers under the Constitution, such as its powers to tax and regulate interstate commerce.

Earlier, other legal experts and the U.S. Commission on Civil Rights criticized major provisions of ObamaCare, such as its affirmative-action and racial preferences, and its intrusive regulation of…

Read the full story

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

Tags: , , , , , , ,

“ObamaCare Is All About Rationing” and Tax Increases, Obama Adviser Says

ObamaCare is all about rationing,” says one of Obama’s own advisers, Martin Feldstein. Feldstein earlier noted that Obama’s health-care plan would harm people with insurance, and massively raise taxes.

Civil-libertarian and former ACLU board member Nat Hentoff says that after reading Obama’s health-care plan, he was more scared of the Obama Administration than any other Administration he’s lived under. (In 1995, Hentoff received the National Press Foundation’s Award for lifetime distinguished contributions to journalism).

Legal experts and the U.S. Commission on Civil Rights have questioned the…

Read the full story

Posted in Healthcare, Nanny State, Personal Liberty, Politics as Usual, Precaution & Risk, Sanctimony, Stimulus to NowhereComments (1)

Tags: , , , , , ,

Recession Ends in France, Without Massive and Costly U.S.-Style Stimulus Package

Recession Ends in France, Without Massive and Costly U.S.-Style Stimulus Package

The recession has ended in France, which avoided adopting a massive stimulus package like Obama’s $800 billion stimulus package.

France’s conservative President adopted a much smaller $31 billion stimulus package, which, unlike Obama’s, was focused on productive investment, not welfare or social services. $14.5 billion of France’s stimulus package was earmarked for injection “into private sector enterprises.” Billions more were for investments in infrastructure, construction projects, and railways.

In the U.S., Obama pushed through a much more costly, welfare-filled $800 billion stimulus package…

Read the full story

Posted in Features, International, Politics as Usual, Stimulus to Nowhere, ZeitgeistComments (3)

Tags: , , , , , , , , , , , , , , , , ,

“Join Your Fellow Pervs for Some Explicit, Twisted Fun” Courtesy of Obama’s Stimulus Package

“Join your fellow pervs for some explicit, twisted fun,” urged a recipient of more than $25,000 from Obama’s $800 billion stimulus package, which received the money through the National Endowment for the Arts. The stimulus is also being spent on “nude simulated-sex dances, Saturday night ‘pervert’ revues,” and “pornographic horror films.” While providing taxpayer funds for “numerous” sexually perverse projects, and lots of money for welfare, the stimulus package has done little for America’s roads and bridges.

Why? Because feminist leaders complained that rebuilding roads…

Read the full story

Posted in Economy, Healthcare, Legal, Personal Liberty, Politics as Usual, Sanctimony, Stimulus to NowhereComments (2)

Tags: , , , , , , , , , , , , , , , , , , ,

Deficit Rises $880 Billion to Record $1.3 Trillion, Due to Massive, Unprecedented Government Spending

The federal budget deficit has already risen by $880 billion to an unprecedented $1.3 trillion. Most of the increase is attributable to recent increases in federal spending, including Obama’s $800 billion stimulus package, which the Congressional Budget Office says will actually shrink the economy in “the long run,” and which ended welfare reform, destroyed thousands of jobs in the export sector, and substituted welfare for productive investments.

Ironically, Obama had campaigned on a promise, since broken, to make a “net spending cut” in…

Read the full story

Posted in Economy, Employment, Healthcare, Politics as Usual, Sanctimony, Stimulus to Nowhere, TradeComments (9)

Tags: , , , , , , ,

Billions More for Wasteful Auto Bailouts

Billions More for Wasteful Auto Bailouts

The auto bailouts keep expanding. Billions more are going to be spent on wealthy auto-dealers, cash-for-clunkers, politically-correct cars few people will buy, and excessive benefits for autoworkers who are richer than the average American.

The Administration’s cash-for-clunkers program has already run out of money, burning through the $1 billion it was supposed to cost. The program rewards people who bought ancient gas-guzzlers, giving them, and not more environmentally-responsible people, federal tax credits for trading them in to buy new cars. The new…

Read the full story

Posted in Bailout Watch, Economy, Employment, Legal, Politics as Usual, Stimulus to Nowhere, TradeComments (1)

Tags: , , , , , , , , , ,

Obama Health-Care Plan Would Take Away 5 Important Freedoms, CNN Says; Obama Would Also Raise Taxes, End Affordable Plans, and Break Promises

CNN notes that there are “5 freedoms you’d lose in health care reform” as promoted by the Obama Administration: the freedom to choose your doctors, the freedom to choose what’s in your plan, the freedom to keep your existing plan, the freedom to be rewarded for healthy living, and the freedom to choose high-deductible coverage.

Earlier, we described how Obama’s health-care plan would destroy many affordable health-care plans, raise taxes on the middle class, and break Obama’s campaign promises, as…

Read the full story

Posted in Energy, Environment, Ethanol, Global Warming, Healthcare, Politics as Usual, Stimulus to Nowhere, TradeComments (0)

Tags: ,

Subsidize Cheese to Stimulate?

Subsidize Cheese to Stimulate?

$1,562,568 of stimulus money went to subsidize mozzarella cheese in Rep. Marcia Fudge’s district.

Hat tip to Evan Banks.

Read the full story

Posted in Economy, Stimulus to NowhereComments (0)

Tags: , , , , , , , , , , ,

Obama’s Job-Killing Stimulus Package Replaced Investments With Welfare, Out of Political Correctness

Obama’s $800 billion stimulus package was purged of most investments in roads and bridges, and filled instead with welfare and social spending, out of political correctness, after feminist leaders complained that building and repairing roads and bridges would put unemployed blue-collar men to work, rather than women.

Christina Hoff Sommers points out that “of the 5.7 million jobs Americans lost between December 2007 and May 2009, nearly 80 percent had been held by men. . . .Men are bearing the brunt of the current…

Read the full story

Posted in Economy, Employment, Labor, Politics as Usual, Regulation, Sanctimony, Stimulus to NowhereComments (1)

Tags: , , , , , , , ,

Stimulus = Welfare + Quotas + Corruption

Obama’s $787 billion stimulus package is now being used to force states to adopt racial quotas in government contracts, even if their state constitution or civil-rights laws forbid such quotas. Slate’s Mickey Kaus reports that “CalTrans, the huge state agency that spends billions in federal highway construction funds, ’sets a quota of having 6.75 percent of contracts go to women or members of a targeted group–African American, Asian-Pacific American, and Native American.’”

The stimulus package also repealed welfare reform, as Kaus and…

Read the full story

Posted in Economy, Employment, International, Labor, Legal, Personal Liberty, Politics as Usual, Regulation, Stimulus to Nowhere, TradeComments (3)

Tags: , , , ,

The $60,000 Obama Health-Care Plan: It’s “Eye-Poppingly” Expensive on a Per-Person Basis

Obama’s health-care proposals will cost well over a trillion dollars, without providing universal coverage. They are so “eye-poppingly” expensive that even Congressional Democrats have been forced to scale them back. But the Congressional Budget Office has concluded that their bill “would cover just 16 million additional people at a cost of $1 trillion,” reports the Washington Post. That’s more than $60,000 for each additional person covered! Other estimates peg the cost at $1.6 trillion.

The Examiner notes that Obama’s own Council of…

Read the full story

Posted in Healthcare, Insurance, Regulation, Stimulus to NowhereComments (1)

Tags: , , , , , , , , , , , , , , ,

More Government Waste, Corruption, and Corporate Welfare, Thanks to the Obama Administration

Rapidly-rising Medicare spending already threatens “to crush the federal budget,” and much Medicare spending is wasteful, yet the Obama Administration claims it can somehow save money by creating Medicare-like programs to cover all Americans. In the New York Times, economics professor Tyler Cowan calls it “the new voodoo economics.” Washington Post columnist Robert Samuelson concludes that Obama’s health-care plan “is naive, hypocritical or simply dishonest. Probably all three.”

Obama is firing an inspector general who exposed wrongdoing by one of his supporters, and previously…

Read the full story

Posted in Odds & EndsComments (0)

  • Popular
  • Most Comments
  • Most Emails