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Phillip Levy of the American Enterprise Institute thinks so. Leaders at the summit released a statement , vowing to "continue the process of recovery" by: "...shift[ing] from public to private sources of demand...and reduc[ing] development imbalances. [They] pledged to avoid destabilizing...
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This week, the House passed a bill that imposes further regulations on financial firms - on executive pay which is bad enough in itself, and to add insult to injury, on the way those firms and employees do business. The bill is "aimed at preventing financial firms from adopting compensation systems...
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Despina Karras
on
08-02-2009
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Filed under: economy, capitalism, free market, business concerns, investors, economic crisis, regulation, government, economics, federal government, action, government intrusion, government expansion
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It has now been 190 days since the stimulus bill was passed. Back in February, President Obama spoke before Congress and stated , "the recovery plan and the financial stability plan are the immediate steps we're taking to revive our economy in the short-term ." Today, Vice President Biden...
Posted to
AIP Blog
by
Despina Karras
on
07-26-2009
Filed under:
Filed under: stimulus package, deficits, universal health care, public healthcare, economic crisis, government, Freedom, government option, federal government, health care benefits, health care reform, health care debate
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Yesterday, in his weekly address, President Obama called on Americans to "summon the same spirit that inhabited Independence Hall two hundred and thirty-three years ago". This is one time when I can get behind President Obama's sentiments - although he may not like my reasons for it. What...
Posted to
AIP Blog
by
Despina Karras
on
07-05-2009
Filed under:
Filed under: wasteful spending, cap and trade, capitalism, stimulus package, government spending, universal health care, socialized health care, public healthcare, economic crisis, government, cap and tax, government option, federal government, founding fathers
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Kudos to Klein ABC News’ Rick Klein for doing his job by pointing out how the Obama Administration is " Moving the Stimulus Goalposts ." Klein writes: Today brings this explanation, from Christina Romer, the chairman of the president’s Council on Economic Advisers: Stimulus spending...
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"I think if you get into the way it was written, it's a huge tax and there's no sense calling it anything else. I mean, it is a tax ." So says Warren Buffett , Chairman of Berkshire Hathaway and perhaps even more importantly, one of the President's biggest supporters in the economic...
Posted to
AIP Blog
by
Despina Karras
on
06-28-2009
Filed under:
Filed under: energy, cap and trade, capitalism, free market, stimulus package, government spending, taxes, stimulus, job losses, tax issues, economic crisis, regulation, unemployment, green jobs, cap and tax, consumers, economics, environmentalists
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“Figures don’t lie but liars can figure,” once a term reserved for finance nerds now rings true as Democrats continue their campaign for a socialized health care system. Flooded with impractical strategies and inflated calculations, Democrats are justifiably being shut down as they...
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The Obama Administration had announced before unveiling the stimulus package that it would have to be "targeted, timely, and temporary." Last week I wrote about the Heritage Foundation's analysis of the stimulus money failing in these items, this week the USA Today confirms this view. Today...
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Despite the President's assurances that he does not want to be in the car business and that "we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars" , in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will...
Posted to
AIP Blog
by
Despina Karras
on
05-31-2009
Filed under:
Filed under: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business
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Remember when the Obama Administration said while pushing for the stimulus bill to be passed that it would be timely and targeted? The Heritage Foundation has been tracking the claims and has found that the bill is neither. As this chart provided by Heritage shows, the spending of the billions in the...
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A new Gallup poll noted that although a clear majority of respondents (69%) still call the economy “the most important problem facing the United States today,” that number has decreased from last month. The article about the poll stated that “About two-thirds of Americans, down from...
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It’s A Stimulus Stupid! Part Two! Last week when I left all you wonderful viewers we were talking about the alternative minimum tax increase found in the American Recover and Reinvestment Act of 2009. Now it is our duty to move on and uncover more of the nonsense that was passed off as “stimulating...
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AIP Blog
by
AIP Admin
on
05-12-2009
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Filed under: senate, congress, wasteful spending, economy, budget, treasury, pork, stimulus package, government spending, taxes, stimulus, economic recovery, economic crisis, spending, education, taxpayers
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Yesterday, President Obama urged Congress to pass credit-card reform legislation by Memorial Day. In his weekly address, he stated , "There is no time for delay...We need a durable and successful flow of credit in our economy, but we can't tolerate profits that depend upon misleading working...
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Good morning, and happy mother's day to all! Here are today's conservative articles and blog posts from around the web. Moira Herbst of BusinessWeek offers input on signs that could indicate an economic recovery has begun. Alfred Tella reports on a discrepancy in recorded job loss numbers and...