Tag Archive: The Economy

Summarized at Drudge.


Amazing. But given that Obama’s stated goals were to punish the market “in the interest of fairness”, and to make energy rates “necessarily skyrocket”, it’s not surprising that the economy takes off when those hindrances are removed.

Fairtax Signature Push

There’s an ongoing push to try and get the Fairtax elevated in priority as one of the possible replacements for the income tax that Congress and the President are considering.

As the quote goes,

It’s the economy, stupid.

Showing just what a crappy job Democrats have done with the economy.

Part 1: the economy.

He calls her out on her blatant demagoguery and lies.

Oh look, once again we’re exactly right about what the economy was going to do.

Remember when Democrats passed the Community Reinvestment Act to encourage subprime mortgages, sued banks that didn’t give out enough subprime mortgages, stopped Republicans from fixing the subprime mortgage situation, and then we had a subprime mortgage crisis that crashed the economy?

Guess what? The Obama administration is now rolling out a new program with Fannie Mae to give out risky mortgages to the various high-risk immigrants that Democrats are intent on importing into the country.

51% of all American workers earn less than $30,000.

And of course, the workforce participation rate is at a 40 year low.

Remember the good old Bush years when Democrats were constantly screaming about the gap between the wealthy and the poor? Well, now we see the results of their policies.

Unemployment in August dropped to 5.1%, but that’s only because so many people have stopped looking for work. The labor participation rate is the lowest it’s been since 1977.

They’ve been lying for years – the 6 of them that Obama has been president. And if you’ve been paying attention, you’d have noticed that they always “unexpectedly” revise the numbers downward a month or two after release.

And yet somehow weren’t.

We’re Number #2

China’s economy has officially surpassed the U.S. economy.

How’s that fundamental transformation Obama promised coming along? Apparently right on track.

As It Was Predicted To:

The 2007 minimum wage increase made the recession and unemployment worse.

State fines small winery $115,000 for violating labor laws – forcing them to close – for using volunteers as part of a learn-to-make-wine course.

I’m sure all the parties involved are glad that that source of slave labor was shut down.

It’s generating money, providing jobs, and being opposed by Democrats and Obama on every front.

But Democrats keep on insisting we need another stimulus. Probably so they can funnel more money to their friends.

America’s Economic Woes

They’reĀ inflicted on society by the Federal Government.

America hasn’t been ranked economically free for several years – we’re instead ranked as “mostly free”. When business taxes are regulations make it hard to do business, less business gets done.

$3 Billion spent, and nothing to show for it.

Keynesian Economics at their finest.

And no signs that we’ve done anything to turn the situation around other than rack up a massive bill.

Because they’re not scared of Thorium. Basically, because it can be used as a nuclear fuel we’ve required that it be treated like it’s highly radioactive, even though plenty of everyday minerals have significantly shorter half-lives (and are therefore more radioactive). And that’s what killed our rare-earth industry.

Our market dependence on China for rare earths is actually a significant security concern, and our entire defense industry is violating the law by not sourcing the materials from the U.S.