When President Obama arrives in London this week he will meet with the leader of Germany, a nation where his election has brought newfound goodwill towards America; but will the goodwill be enough to force the hands of Germany to conform to Washington’s desires for additional stimulus and bailouts? If the latest media reports, which point towards an Administration attempting to dial down expectations, are any indication, then the answer is most likely a soft no.
The NYT is reporting that little ground is expected to be made in regards to additional German stimulus, with Chancellor Angela Merkel expected to cite fiscal discipline as a reason for German non-cooperation with President Obama’s Administration on the issue-
Quotes from Andrew Malcolm’s take on this video:
Here’s how silly Ron Paul is: He set a budget for his campaign and lived within it. Flew commercial.In fact, he ended with no deficit, which is how he thinks the federal government should operate. In point of fact, Paul ended his campaign with a surplus. Can you imagine anything so silly in this day and age?
Paul warned all during his campaign about a looming economic disaster if government just kept growing and growing and printing more money like Republicans and Democrats wanted.
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While this interview focuses on South Carolina politics, Governor Sanford answers questions regarding Obama's "spendulous" bill. Calling the stimulus package a temporary fix, he believes it will create more long-term problems.
Taxes were very high, but no real revenue was coming in. That’s because the system of taxes at that time was an early form of income tax that centered on the government taking a large percentage of a farmer’s crops.
So Ching Ti did something bold and innovative: he cut taxes.
Overnight, taxes went from over 50% down to about 3%. Farmers, who had fled to the hills to escape draconian tax rates, now came home and began farming again. To make a long story short, Ching Ti’s greatest problem while governing was trying to keep all the grain in his barns from spoiling.
It seems that ancient Chinese history is good for more than just cutesy script on a fortune cookie.
House Minority Whips, Eric Cantor and Kevin McCarthy, put together a quick, fun little video about the recently passed spendulous package.
Over the last few days, President Barack Obama has made some interesting statements. During a townhall event in Florida on Thursday, Obama, who rode into the White House on the rhetoric of “hope” and “change,” said, “You can’t change Washington from the inside. You can only change it from the outside.”
This is sort of odd. Obama has been in the White House for nearly a full term. He was able to get some domestic policies, such as the stimulus and his health care bill, passed through a then-Democratic Congress. And while Hopey McChangeypants promised that these and other parts of his economic agenda would bring the United States out of a slump, we’re still stuck with 8% unemployment and significant economic uncertainty.
A new video from Rep. Tom Graves (R-GA) highlights what America is up against, after nearly four years of President Obama’s economic policies:
The Left’s favorite conservative groups, Americans for Prosperity, launched a new campaign yesterday to run some $6 million worth of ads in swing states targeting Barack Obama over the wasteful 2009 stimulus bill and green energy proposals:
On Friday, the latest jobs numbers were rolled out from the Bureau of Labor Statistics. As you might have read, the economy created 120,000 jobs in March, well below consensus estimates; though the unemployment rate did fall to 8.2%.
But with the election on the way, we can expect a renewed debate on stimulus spending. And as James Pethokoukis notes, the unemployment rate is far above that the Obama Administration claimed it would be at this point with the 2009 stimulus bill:
Swing and a miss. A big miss. A really big miss. U.S. employers added just 120,000 jobs last month, the Labor Department said on Friday. That’s the smallest increase since October. Economists polled by Reuters had expected nonfarm employment to increase by 203,000. And as economist Robert Brusca points out, “The strong amazing run in household jobs came to a crashing halt as employment in that survey fell by 31,000 after rising by 42,000 last month and 847,000 the month before that.”
We’ve been constantly told by Barack Obama and his apologists in Congress that government spending is good to get the economy growing again. It’s not. In fact, as Ramesh Ponnuru notes, that the 2009 stimulus bill really only grew the national debt, not the economy.
But in a new video from Economic Freedom, Professor Antony Davies of Duquesne University explains the reason why so-called “stimulus” spending only contracts the economy by taking dollars away, either by borrowing or taxing, from the private sector and individuals: