Heck of a job, Ben. “The man next to me, Ben Bernanke, has led the Fed through one of the worst financial crises that this nation and this world have ever faced,” Obama will say in a statement to the media at 9 a.m. EDT/1300 GMT. Obama will say Bernanke had dealt with the financial [...]
I want to write more on this editorial by Bush-administration economic guru Bruce Bartlett, but, for now, let me just give you his central point. Bartlett contends that our recession, which is still going on despite unprecedented government attempts to make it end, required government solutions. Over the past year, we have heard much criticism [...]
Okay, so the good news is that the Obama administration’s estimate of the 10-year deficit was wrong. The bad news is that they were wrong and low. Two trillion dollars low. The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior [...]
Democratic Senator Dick Durbin says that meeting with his constituents is “not constructive” but meeting with big-money health care officials who could dump a few millions bucks into his pockets is meaningful. Ed Morrissey has another profile in courage as well of yet another Democratic member of Congress who has decided to hold his town [...]
What surprises me most about this poll isn’t that 69 percent of Americans think that Preisdent Obama will break his promise not to raise taxes on everyone except C. Montgomery Burns and the Monopoly Guy but that 31 percent don’t actually realize he’s already done it. It’s not like the President doesn’t have a few [...]
Cause: Top White House aides gave Senate Democrats a recess battle plan on Thursday, arming the lawmakers with tips for avoiding disastrous town hall meetings while showing them polling on popular aspects of the reform effort. … “If you get hit, we will punch back twice as hard,” Messina said, according to an official who [...]
The American voter is very slow to anger, but when you mess them over often enough, they can get plenty riled up. Word on the left is that is some centrally-organized effort like ACORN or MoveOn has put together for the past eight years. That’s patently untrue and anyone who really wants to know what’s [...]
My new piece at AIP tackles the Geithner/Summers tag team who hit the Sunday talk shows yesterday. Their message was simple: the President considers deficit reduction a top priority and our economy cannot possibly recover with such a high deficit. And also mumblemumbletaxincreasesonthemiddleclassmumblemumble. I’ve yet to see an actual wrestling tag team pin themselves and [...]
My latest at AIP involves the Cash for Clunkers program whereby Washington has decided that the car you drive is a blight to Mother Gaia and you should drive a car they like. They’ve offered to pay you for the privilege — up to $4,500 for your old ride — except that the program ran [...]
Let this be a lesson to you. If you take a sweetheart deal or two from a corrupt mortgage lender whose company is at the very top of the list of reasons we’re in a recession right now and then lie about whether you knew the deal was a sweetheart deal, and then get caught [...]
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