Hey, What (more) Could Go Wrong? Obama Picks Furman to Head Economic Council
This is the same guy who helped fashion the Stimulus-that-Accomplished-Nothing and Obamacare. Great. The country is in the best of hands. Notice that Wile E. Obama, CEO of the ACME Economic Destruction Co. called him “brilliant” – maybe we need less of his kind of brilliant, you know, before we go completely under. President Obama [...]
The Wreckovery Continues: Obamacare Putting a Damper on Hiring
The unemployment rate ticked up to 7.6% from 7.5% in May. The economy continues to produce jobs at a way-too-slow-for-recovery pace. The U.S. economy added 175,000 jobs in May, according to the Department of Labor. Hiring at that rate isn’t terrible, but it’s unexceptional at this point. It marks a slight improvement from April, when [...]
Good News! New Obama “Balanced Approach” Balances Budget…in 2055
No wonder it’s being mocked by Republicans -and criticized by Democrats. It’s a complete joke, including cutting defense spending from 9% of GDP to 2.3%, which ain’t gonna happen. Republicans have mocked the Obama White House for talking about a “balanced approach” to debt reduction that doesn’t actually ever balance the budget. But in its [...]
Did You Know We’ve Passed Saudi Arabia in Oil Output?
Probably not – it’s not the sort of news Wile E. Obama and the ACME Economic Destruction Co. want you to hear. Even though Obama selectively claims credit (like in his State of the Union address) for growth in the oil and gas business, it has really grown only on private lands, in spite of [...]
White House Budget: At Some Point, You’ve Saved Enough…
Leave it to a bunch of know-it-all liberals to decide for you when you’ve saved enough. What Wile E. Obama and the ACME Economic Destruction Co. want is the taxes; more fuel to throw into the giant insatiable maw of leviathan. Sets limits on tax-preferred retirement accounts for millionaires and billionaires: The budget will also [...]
Not the Onion: Presidential Proclamation – National Financial Capability Month, 2013
That’s right. Wile E. Obama, President and CEO of the ACME Economic Destruction Co. and the guy who has presided over the $53,377 per household increase in the national debt, has declared April 2013 to be “National Financial Capability Month.” Read it and weep, bitches. And get you some financial capability; they’ve set up even [...]
Hey, It’s Okay – It’s Somebody Else’s Money: Taxpayer-Subsidized “Green Energy” Company Hasn’t Produced Any Batteries
But, they’ve done a lot of community service projects, and played a lot of video games, according to an Inspector General report (hey! why hasn’t that inspector been sacked yet?). Wile E. Obama’s ACME Economic Destruction Co. keeps racking up the winners in “green energy” investments. A long list of his winners has gone under [...]
Unions Discovering Obamacare Sucks for Them, Too
Now that they’re “finding out what’s in it” (thanks, Nancy), unions around the country are suddenly not so enamored of the Dear Leader’s health care plan. You’ve heard that waivers were given to some unions, but they only represent a small portion of all union workers who will be impacted. (my bold emphasis below) “I [...]
Obama’s View of the Economy: Through Rose-Colored Glasses
The Preezy of the United Steezy, that cool guy Barack O. has sure done a lot for the economy since he took office (at least according to him on Twitter): Our economy has come a long way over the last four years—and we have more work to do: twitter.com/BarackObama/st… — Barack Obama (@BarackObama) March 11, [...]
The Government has Huge Amounts of Waste, But the Sequester’s 2.2% Cuts Will be a “Disaster”
Wile E. Obama, CEO of the ACME Economic Destruction Co. is busy telling anyone who will listen that the budget cuts automatically enforced by sequestration will be a disaster. Cutting 2.2 percent of our enormous federal budget will precipitate disasters on many fronts, and -of course- it’s the Republican’s fault. Charles Krauthammer examines how the [...]
No Kidding? We Coulda Told You That. GAO Report: Obama’s Policies ‘Not Sustainable’
And, this is news to whom? Apparently to the lapdog media, who doesn’t report on such things if they make the Dear Leader look bad. Consequently, they aren’t reporting on much of anything that’s substantive these days. And, just this week, we learn that Wile E. Obama and the ACME Economic Destruction Co. wants to [...]
FDR’s New Deal Failed. So Will Obama’s “New” New Deal
In his Neo-Com SOTU address last night, President Obama promised more of the same terrible economic policy that’s been holding the country back for nearly his entire presidency. A proposal to increase the minimum wage to $9 per hour is a perfect example. No more workers will get closer to making the much-desired-by-liberals “living wage” [...]
Obama 2009: Stimulus Will Lift 2 Million Out of Poverty. 2013: 2.6 Million MORE in Poverty
All of Obama’s promises have an expiration date. Usually it’s almost immediately after they leave his lips. I’m sure, though, that it’s most certainly someone else’s fault. I’m sure tonight’s SOTU will contain more “promises,” along with the news that he’s achieved almost all of his deficit reduction goals. $16.5 trillion: No big deal. (from [...]
Virginia ABC Part-time Workers Getting the Message: Obamacare Sucks for You
Virginia’s part-time ABC employees are getting the same message that employees all over the country are getting: Obamacare is a shitty deal, and you just lost a chunk of your weekly work hours because it’s too expensive for your employer to implement. Businesses private and public are slashing worker hours to stay under the 30-hour [...]
Really? Obama Will Say in SOTU that Job of Debt Reduction “Nearly Done”
This would be laughable if it weren’t so sad. I would think, just maybe, that our $16.5 TRILLION debt would keep a rational man from making a statement like that, but then there isn’t much rational about Wile E. Obama and the ACME Economic Destruction Co.’s economic agenda. Bring on the job-crushing environmental mandates! Increase [...]
Households On Foodstamps Rise To New Record
This is a dismal report, and it’s not going to be getting better any time soon, so long as Wile E. Obama and the ACME Economic Destruction Co. are busy raising taxes and implementing new business-crushing regulations. While hardly presented by the mainstream media with the same panache dedicated to the monthly ARIMA-X-12 seasonally-adjusted, climate-affected, [...]
Unexpectedly (Again)! U.S. Economy Contracts in Fourth Quarter
It sure does seem like every bit of bad economic news we get anymore is “unexpected.” When are economists going to expect that we’ll see little or no growth so long as the Obama administration continues to do everything they can to squash economic growth? My guess is they won’t. U.S. economic momentum screeched to [...]
Just Think: If Obama Could Have His Way with Gun Control, the WHOLE Country Could be Just Like Chicago
Yes, Chicago, that strict gun-controlled paradise that had 500+ homicides last year, and is on track for a repeat this year. The liberal geniuses just don’t seem to get it: in localities where handguns are allowed, and carried concealed, the crime rate drops. The criminals obviously don’t give a rat’s ass about whether there’s a [...]
Why Didn’t Obama Talk about Our Biggest Issue in His Inaugural Address?
Probably because he didn’t need to. The Obamabots blame the ongoing, continuing, new-normal high unemployment rate -that has only gone higher before returning to exactly where it was when he took office- on the Republicans and the Tea Party. By the way, I watched exactly ZERO seconds of the “festivities” yesterday, as I could not [...]
Gallup: Only 4% of Americans Think Gun Control is One of the Important Issues Right Now
Guns and gun control rank a distant and nearly-insignificant 7th in a recent Gallup poll of issues Americans think are important right now. Many more think the economy and budget deficit are much more important, but the gun issue is sucking all the air out of the room right now. Click the chart to see [...]
Obama’s Big Ideas are Bound to Suck for Most of Us
Tim Cavanaugh of Reason examines the first-term track record of Barack Hussein Obama (mmmm, mmmm, mmmm), and concludes that what’s coming the second term of the Petulant Boy-King is going to suck for the vast majority of the benighted masses (that’s you and me, friend). Between regulatory excess, Obamacare, executive orders, and and ever-growing federal [...]
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