Archive for February, 2009
Depression Or Just An End To Affluence?
Are we headed to something like the Great Depression?
There is clearly much to be worried about. Most of America’s private retirement 401(k) accounts have significantly decreased in value since last autumn’s crash. Home equity has plunged. The unemployment rate is above 7% and climbing.
We had negative GDP growth last quarter. Stock prices are the lowest […]
Obama plans to pull troops out of Iraq by August 2010
According to AP, all but 35,000 to 50,000 US will leave iraq by August 2010.
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The real Obama: Obama to Seek New Assault Weapons Ban
[Via ABC News Blog] The Obama administration will seek to reinstate the assault weapons ban that expired in 2004 during the Bush administration, Attorney General Eric Holder said today.
Wednesday Attorney General Eric Holder said that the Obama administration will seek to reinstitute the assault weapons ban which expired in 2004 during the Bush administration.
(AP Photos/ABC […]
House OKs $410B bill to boost domestic programs, including $200,000 for tattoo removal
[Via Google AP hosted news] The Democratic-controlled House pushed through a $410 billion measure Wednesday that boosted domestic programs, bristled with earmarks and chipped away at policies left behind by the Bush administration. The vote was 245-178, largely along party lines. Among the earmarks was one sponsored by Rep. Howard Berman, D-Calif., who secured $200,000 […]
Obama will propose further tax increases on the affluent to Help Pay for Health Care
President Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, administration officials said on Wednesday. That plan, coming after recent years in which more wealth became concentrated at the top of the income scale, introduces a politically volatile new edge […]
Emperor has no suit: London Times - Obama Stumbles
Barack Obama is a gifted orator, but barely a month into his Administration there are worrying doubts about whether his governing style is as eloquent
Nobody who heard him addressing a joint session of the House and Senate on Tuesday could doubt that Barack Obama can speak. But increasingly the question being asked of the new […]
Generation Theft:Obama seeks $634B over 10 years for health care
President Barack Obama wants a significant “down payment” for overhauling the health care system: $634 billion over 10 years. A senior administration official says Obama’s budget calls for financing the overhaul by trimming Medicare spending and limiting tax deductions for upper-income earners. The official spoke on condition of anonymity because the budget won’t be released […]
News Analysis shows “Tax expenditures” for individuals totaled about $760.5 billion in 2007
“Tax expenditures” for individuals totaled about $760.5 billion in 2007, topping what the federal government spent on either national defense or all non-defense discretionary programs, a new analysis by the Urban Institute-Brookings Institution Tax Policy Center (TPC) shows.[1]
In most cases, these tax expenditures are also regressive — that is, they benefit high-income taxpayers the most. […]
Why are Democrats are not held to Moral accountability? - Biden’s Son, Brother Marketed Hedge Fund Through Stanford Company
Vice President Joe Biden’s brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas billionaire R. Allen Stanford, according to a report published in the Wall Street Journal.
Vice President Joe Biden’s brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas […]
Change and Hope: Iranian President Mahmoud Ahmadinejad Meets With Obama’s Cousin in Kenya
[Hat to Gateway Pundict] Barack Obama’s cousin Kenyan Prime Minister Raila Odinga met with Iranian President Mahmoud Ahmadinejad in Kenya today.
In this photo released by the Kenyan Prime Minister’s Press Service, Kenyan Prime Minister Raila Odinga, left, is seen with Iranian President Mahmoud Ahmadinejad, right, during their meeting at the Laico Regency hotel, Nairobi, Kenya, […]