Archive for 'Obamanomics' Category
Economy Getting Bleaker
WASHINGTON – The government is about to confirm what many people have felt for some time: The economy barely has a pulse. The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual [...]
Democrats Are in a Panic, Fannie to Forgive Underwater Mortgages (rumor)
A Democratic Panic Attack? With the disappointingly soft jobs report for July, and a faltering recovery overall, is Team Obama getting ready for some sort of new, liberal-left, Keynesian, big-bang stimulus package? Will they be desperate to “do something”? Already there are rumors of an August surprise (to use the phrase of business columnist Jimmy [...]
Time to admit Obamanomics has failed
It’s no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday’s brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it’s easy to see why she would start looking for the exits. Romer [...]
Voters Too Stupid to Love Obamacare
Claire McCaskill: Missouri Voters Too Stupid to Realize What’s Good For Them McCaskill said she understood what Missouri voters had been trying to say about the healthcare reform law for which she had voted in the Senate. But the centrist senator downplayed the vote as a result of heavy Republican primary turnout and a lack [...]
How the Expiring Bush Tax Cuts Affect You
You may have been led to believe that only individuals in the top two brackets will face higher federal income taxes when the Bush cuts go bye-bye. Not true! Unless Congress takes action and President Obama goes along, rates will go up for everyone — not just a sliver of the wealthiest Americans. The current [...]
The Largest Tax Hikes in History Hit in Six Months
Via atr.org. In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small [...]
Here it Comes: U.S.’s $13 Trillion Debt Poised to Overtake GDP
June 4 (Bloomberg) — President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose [...]
IRS Wealth Squads
IRS ‘Wealth Squads’ On The Way To expect one revenue agent to verify that a return reflects the proper tax treatment of such an economic enterprise is unrealistic. Thus, make way for the “wealth squads” from the new Global High Wealth Exam Group. They will be armed with agents with the necessary skill sets to [...]
U.S. Debt Tops $13,000,000,000,000
Debt per citizen: $42,026 Debt per taxpayer: $117,983 Thanks Obama! U.S. Debt Obama: Destroying America by patrioticdissent custom bumper stickers designed at Zazzle Sphere: Related Content
Obama Okay’s Assassination of American Citizen
I can hear liberal heads exploding all around me. U.S. Approval to Kill a Cleric Causes Unease WASHINGTON — The Obama administration’s decision to authorize the killing by the Central Intelligence Agency of a terrorism suspect who is an American citizen has set off a debate over the legal and political limits of drone missile [...]