Tuesday, December 11, 2012

Its the Taxes Stupid

I want to take a moment to address this notion that our federal government needs to raise taxes.  In light of the fiscal cliff battle the in vogue thing is raising taxes.  But raising taxes is the absolute worst thing you could possibly do in our current situation.  Here's why.

1.  Taxation effects behavior.  Why do you think state and local governments tax the heck out of cigarettes?  Its not to raise revenue, its to stop people from smoking.  Why would taxes on income be any different?  Its not of course, so the more you tax income the less of it you will get.

Look at real world examples to see that taxation effects behavior.

2.  The Laffer Curve is a model of the relationship between tax rates and tax revenues.  The gist of the theory is that there is an ideal tax rate that will maximize revenues.  A rate higher or lower than this ideal rate will lower revenues.  So the million dollar question is, "What is the ideal tax rate?"  In this video which does a great job of explaining the concepts of the Laffer Curve two liberal economists from UC-Berkeley put the hump on the curve at 33%.

So what does that mean?  It means that no liberal should ever ask for tax rates higher than 33% (good luck with that).  But is that really the correct percentage?  I'd argue no, that number is too high, and here is my evidence backing it up.  This most recently happened in 2003 when President George W. Bush cut the dividend rate to 15%.   Reported dividends jumped from $103 billion in 2002 to $193 billion in 2003.   So cutting the rate nearly doubled the government take.   Conversely, in 1986 when capital gains rates went from 20% to 28% tax revenue dropped from $52.9 billion to $33.7 billion.

What does that tell us?  Let's examine the data.  First, let's look at when the rates went from 20% to 28%.  The revenue generated went down.  So there are two possible scenarios here.  The first one is that 20% is to the left of the hump (near the apex) and 28% is on the right side of the hump, but below the revenue generated at 20%.  The problem here is when we add the second data point from the Bush tax cuts.  Here we see that a cut from 20% down to 15% doubled government revenue.  If the 20% rate were to the left of the apex of the curve, then lowering the rate should reduce revenue, but it did not.  So 20% has to be to the right side of the apex.  Without more data we can't determine whether 15% is on the right or left side of the apex, but we can confidently say that 20% is on the right side, meaning the ideal tax rate from a revenue generating standpoint has to be less than 20%.


Wednesday, November 7, 2012

What to Expect in 2016

I'm beyond speechless at what just happened.  The worst President in my lifetime, possibly in history, wins re-election.  His record is absolutely horrendous over the past four years so we can expect more of the same over the next four years.  Assuming President Obama is able to tank the economy as well in his 2nd term as he did in his first, this is what you can expect.  Each heading is a link to the website I used for the numbers directly below it.  Every website seemingly had a different number, but they were all in the same ballpark.  I'm assuming for these calculations that whatever the percent increase/decrease was obtained during his first term will be matched in his second.

Federal Debt:
2008: $10,000,000,000,000
2012: $16,400,000,000,000  (+64%)
2016: $26,896,000,000,000  (+64%)

Price of Gasoline:
2008: $1.84
2012: $3.46 (+86%)
2016: $6.44 (+86%)

Full-time Employed:
2008: 145,362,000
2011: 139,869,000  (-3.8%
2016: 125,742,000

Debt-to-GDP ratio:
This is assuming GDP growth of 7% over the next 4 years, debt growth of 64%
2008:  74.1%
2012:  101.7%
2016:  159.7%

Labor Force Paricipation Rate:
2008:  65.7%
2012:  63.8%   (-2.9%)
2016:  61.9%   (-2.9%)

People on Food Stamps:
2008:  31,567,037
2012:  46,681,833 (+47.9%)
2016:  69,033,832 (+47.9%)

People Collecting Social Security Disability:
2008:  9,273,839
2012:  10,786,510 (+16.3%)
2016:  12,545915  (+16.3%)

Monday, October 1, 2012

Unfit For Office

Sitting here reflecting over the past 3 1/2 years I can come to no other conclusion than this current administration is one of the most corrupt, unethical, and idealogical administrations of my lifetime.  Certainly over the past 30 years, and maybe ever.  "How dare you make such claims!" you may be thinking.  Well, let's look at some of the evidence.  I've broken it down into relevant sections:

Debt Reduction
First, let's define what the difference is between the national debt and the national deficit, since people are often confused between the two.  The national debt is the accumulation of money owed by the US Federal government.  Note that the national debt does NOT include Medicare, Medicaid, or Social Security.

The national deficit on the other hand is a budget deficit.  So over the course of our governments fiscal year when all expenses outpace all income, we are left with a budget deficit, or what is referred to as the national deficit.  In theory, there could be a national surplus if income outpaced expenses, but that remains highly theoretical at this point.  If you need further clarification of the difference, check with the Business Pundit.

Now that we have that cleared up, let's move on.  On the campaign trail Mr Obama continually railed on George Bush and the huge runup in our national debt.  Remember that anyone?  Or remember when in February 2009 Obama promised to cut our national deficit IN HALF by the end of his first term?!?!  It appears that Obama is also confused on the distinction between debt and deficit.  It makes no sense to cut a deficit by the end of his first term since deficits are done yearly.  I believe he was actually referring to the debt.  Either way, he's failed on both counts.  Not only did he fail to cut the debt in half, he increased it by 50%.  He also hasn't cut the deficit in half, when compared to the inherited deficit, Obama has increased that by almost 300%.  Let's go to the tape.


Taxes
Where do I even start here.  I suppose we can start with the fact that Obama has long said that the rich, the millionaires and billionaires, need to pay their fair share.  Note, however, his definition of millionaire starts with anyone making $200,000 ($250,000 for couples).  The strange thing is that he has done the impossible, he's ticked off the Liberals and Conservatives.  Hopefully, everyone has heard his goals to redistribute wealth (video 1, video 2, sorry for the shameless campaing videos, but it deals with this issue: video 3) by now which has riled up the Right.  But he's also extended the Bush tax cuts in 2010, making the Left mad.  However, these articles go into specifics of Obama's plans on taxes.  It clearly shows that those making less than $200k will get hit by his tax plans (see also Obamacare).
In somewhat related news:

Fast and Furious
The US Justice Department.  Quite possibly the most ill-named agency since Eric Holder's took over.  Let us not forget all the ways in which Mr Holder has flatout disregarded the law of the land.  Among other things he has: refused to prosecute the Black Panthers who were intimidating voters outside of a Philadelphia polling location in 2008; refused to prosecute the same Black Panthers for putting a bounty on George Zimmerman's headstopped defending DOMA; and oh yes, that pesky Fast and Furious problem where he put guns in the hands of drug dealers.  I'm not sure what's worse, the program, or the fact that they are trying to blame it on George W Bush.

Libya
It has become glaringly obvious that the attacks on our consolate in Libya were premeditated, not the result of some obscure film that no one has seen.  And yet, the White House continues to peddle this false information.  Why?  Because it also appears that we were given advance warning of the attacks, and yet we did nothing.  I imagine the failure to admit the attacks were premediated is a weak attempt to deflect the blame.


Topics still to come:

Stimulus
Healthcare
Afghanistan

Thursday, September 20, 2012

When A Poll Isn't A Poll

Over the last few weeks the polls continue to show that President Obama holds a small lead over Governor Romney.  Here's the problem that is coming to light.  All of these polls are oversampling Democrats by a minimum of 3%, and some by as much as 13%.  There are a myriad of reasons why they would do that, none of them ethical. 
In other news:

Its the New Civility

As you recall, we are less than 3 months removed from the Tuscon shootings where a deranged lunatic shot Arizona Representative Giffords and killed several others. In the aftermath of that tragedy you may also recall that the media went nuts, blaming the entire thing on hate filled rhetoric from the right. I blogged about it here and here. The reality of it all is that you are not hearing any hate speech at all from the right. Its all coming from the left, always has been, always will.


In light of the recent union protests in Wisconsin, allow me to provide ample evidence that its the left, not the right, doing the hating.

Saturday, August 25, 2012

Obama vs Romney

There are more and more articles coming out over the past few weeks piling on the facts and figures at just how dismal this current administration is.  Here are just a few of them:

And a few articles describing the new administration that will be taking over:

Tuesday, August 7, 2012

Olympic Political Correctness

Olympics
People who want to root out everyone accused of holding objectionable views from Olympic teams — or anyone who is related to someone who has objectionable views — would be wise to remember something: The Olympics is about sports, not politics. Every country in the world, no matter how odious, is allowed to compete. That includes North Korea, which starves its own people and maintains sadistic gulags for dissidents. It includes Cuba and Uganda, which persecute gays. It includes Saudi Arabia and Iran, where female adulterers can be stoned to death.

Politics

Monday, August 6, 2012

Stimulus Multiplier Effect

This next article is absolutely priceless.  Coming from the most secretive administration that won't release Obama's birth certificate, or even his college records, here demands to see Romney's tax returns.

In this article, Art Laffer discusses the correlation between the amount of stimulus governments tried and their real GDP from 2007-2009.
As a follow-on to this article, I wanted to attach an image.  This is a snapshot from the plotted datapoints provided in Laffer's article.  As you can see I had Excel throw in a trend line and formulate the equation for the trend line.  Here's the image, then let's take a look at what the equation tells us.


First, we need to go back to 6th grade algebra and recall the linear equation:
           f(x) = mx + b;

As you recall, m is the slope of the line, b is the y-intercept. So now let's look at the equation returned from this line and see what its telling us.
           f(x) = -1.4710241035x - 0.0382080897

The first thing to note is the value of b is a negative number here. So, assuming that national governments didn't increase spending at all from 2007-2009, this implies that their real GDP would have still been negative. This implies that the world's economy during this stretch stunk... and I think we all knew that already.  The number that jumps out here though is that the slope, m, is a negative number.  This says that as a government increased stimulus spending over this 3 year period, there was a muliplying NEGATIVE effect on real GDP.  For every $1 the government "stimulated", they actually reduced production by $1.50.  That's even more incredible when you consider that government spending IS factored in to the GDP number. 
So the next time you hear a Keynesian talk about a "multiplier effect", you can agree with them.  This shows however that the multiplier is negative.


In other news that is worth a read:

Sunday, July 22, 2012

Banana Republic Governance

I don't say this lightly, but there has literally been an unending string of banana republic style leadership coming out of Washington over the past 3 years.  Here are just a few examples:

Monday, July 2, 2012

The Unlawful Act

Its been awhile, time to post some good articles from the past week(s)
This article is rich.  Maybe at some point I'll take the time to debunk it, but anyone with any ability to use logic could debunk this.

Friday, June 15, 2012

Deconstructing A Ridiculous Liberal Stance

I rarely read the Olmsted County Journal, but last night I had nothing better to do so I started reading.  The very first article I read nearly sent me through the roof.  You can read the article here.  Allow me to break it down for you.
Before we deconstruct some of their most common themes, the reader should be aware of the most frequent tactics commonly used by the Right in promulgating their ideology: employing gross exaggeration and deception, "cherry picking" a phrase or sentence from an article or book that seems to support their viewpoint and ignoring the rest of the body of work that does not support their view, stating half-truths, using none, poor, or dubious supporting evidence, and frequently stating outright falsehoods.

First, Mr Panko starts out by saying that "cherry picking" data to support an argument is used by the Conservative Right to deceive and confuse the masses.  Let me start by saying that anyone, Conservative or not, who cherry picks data is wrong and I would not support anyone who did.  But pardon me if I dismiss the rest of the article two paragraphs in if Mr Panko thinks this a problem only perpetrated "by the Right".  Please.  This is like the pot calling the kettle black.  Does Mr Panko not remember Rex Nutting's infamously "cherry picked" report on Obama's spending from a mere two weeks ago?  Debunking that erroneous article is for another time and another place, but pretending that only the Right states "half-truths, using none, poor, or dubious supporting evidence, and frequently stating outright falsehoods" is absurd.  But let us move on.
First, let's take Mr. Goutcher's argument that we were founded as a Christian nation. That is contrary to most of our founders' beliefs and declarations. They were indeed mostly Deists, agnostics, and atheists. Simply taking an oath on the Bible or calling on God for support as was common at the time has more to do with generic use of the deity and political protocol than professing allegiance to an anthropomorphic, omniscient personal deity.
I wonder how many of those early oaths were taken with a hand on the Jeffersonian Bible. Jefferson did not believe Jesus was God or divine. He actually excerpted all passages in his Bible that referenced that belief---hardly a Christian act. In fact, nowhere does the Constitution say: "This is a Christian nation" or anything even close to that. In fact, the words "Jesus Christ, Christianity, Bible, Creator, Divine, and God" are never mentioned in the Constitution---not even once. The reason for that is intentional and very clear. The founders wanted to be sure that no religion, even Christianity, could make the claim of being the official, national religion. Therefore, it is inconceivable that the founders would have wanted the U.S. to be considered a Christian nation.
Incidentally, since most of the founders were either Deists or leaned toward Deism, any use of the word "God," "Creator" etc. was most likely a reference to the Deistic God, not the Christian God.
There is more proof that the early founders did not want this country to be considered a Christian nation. The 1796 Treaty with Tripoli states that the United States was "not in any sense founded on the Christian religion." This treaty was written under the presidency of George Washington and signed under the presidency of John Adams.


No where in these paragraphs does Mr Panko remotely begin to provide actual evidence to support his claim that the Founding Fathers were Deists.  He makes several truth claims, but provides no evidence to back it up.  He "wonders" about things, but that does not make them true.  He is correct about fact, the Constitution does not have references to Jesus Christ, the Bible, the Creator or any such thing.  But our Declaration of Independence does!  And I assume he has not read the Federalist Papers either as they are littered with references about God.  At some point in our recent history it has become fashionable to call the Founding Fathers Deists.  But where is the proof of that? 
Despite Mr Panko's assertions, I say the overwhelming evidence proves they were not Deists, but Christ followers.  The word 'Founding Fathers' is a proper noun and refers specifically to the delegates of the Constitutional Convention.  Undoubtedly there were others, but these 55 men made up its core.  Twenty-eight delegates were Episcopalians, eight were Presbyterians, seven were Congregationalists, two were Lutherans, two were Dutch Reformed, two were Methodists, and two were Roman Catholics.  So 51 of the 55 "Founding Fathers" were attending churches that had strict doctrinal creeds attesting to the divinity of Christ.  Calling these men Deists is a blatant rewriting of history.  Moving on.
Next, let's consider Mr. Gudmundson's reference to the March 28, 2012, Intergovernmental Panel on Climate Change (the IPCC). Mr. Gudmundson "cherry picks" one statement from the report that seems to support what he apparently wants to believe---that global warming is only a weakly supported hypothesis or at most a pure hoax. The statement that he conveniently excerpts from the report reads, "long-term trends in normalized (property) losses have not been attributed to natural or anthropogenic climate change." What Mr. Gudmundson conveniently does not tell you is that the basic thrust of the IPCC is that global warming/climate change is real and that we must prepare for it. In support of the opposing view, one could have "cherry picked" in the same article the statement, "human-caused climate change influences climatic-related disaster risk." But, of course, this is always a deceptive tactic regardless of which side of the fence one is on. What's important is the main thrust of the article which is that the IPCC is in agreement with the overwhelming consensus that we are indeed experiencing global warming. Anyone who disagrees with that is in denial or suffering from some type of scientific illiteracy.

Mr Panko is certainly well within his rights to believe that the IPCC knows what it is talking about when it comes to "climate change."  My objection comes in his last two sentences as they are flat out wrong.  First, there is no consensus about global warming.  There is a large number of scientists who do not believe in man-made global warming as evidenced by the Oregon Project.  I know proponents of anthropomorphic warming will holler and wail about the veracity of the Oregon Project, but it proves there is no consensus.  But even if there was, a consensus is NOT science.  As I recall, there was once a consensus that the Earth was flat.  And then Mr Panko finishes off with ad hominem attacks, typical for anyone arguing without any facts.
Another favorite ideological punching bag of the Right is "Big Government." Mr. Kingsley falls in lock-step with the backward and flawed thinking of those who treat the federal government as our enemy. In his latest column Mr. Kingsley uses such phrases as "massive, corrupt government," and "the solution will not be found in government."
Both statements are half-truths at best. Such phrases showing "big government" as the enemy roll off the tongue easily as if such beliefs are self-evident and need no explanation. Those who make those claims have no idea of how to arrive at a "small governmentor" or whether it is even advisable. We live in a nation of 300+ million people, most of whom have a right to be served by the government in some capacity whether it be Social Security, Medicare, Medicaid, agricultural and small business subsidies, federal student loans, transportation, communication, and education subsidies, and a myriad of other types of aid. The truth is that both politically and ethically it is nearly impossible to do much "cutting" to make a significant difference in the economy. "Big Government" in itself is not bad but it has to be funded. The problem is the Conservative Right takes the position that appeals to those who have a selfish and unpatriotic mindset--- that taxes should not be increased for any reason. And by the way, getting rid of waste and corruption in government is a laudable goal, but it is unrealistic; and even if we could do so, it would not solve our current economic woes.

Once again I see lots of truth claims with zero evidence to back any of it up.  He continually throws out baseless claims like small government Conservatives have "no idea how to arrive at a 'small governmentor'".  The fact that he makes a statement such as this proves to me that he pays no real attention to conservatives at any level of government.  At the federal level I've heard all of the following ideas thrown out as ways to shrink the size of the government:  elimination of Departments (Education, Energy, Homeland Security), no more bailouts (Detroit, the banks), and elimination of the IRS (to be replaced with a flat or fair tax).  These are just a few, so to claim conservatives are putting forth no ideas is nonsense.

Then Mr Panko explicitly states that most Americans have a "right" to all sorts of government aid.  Really?  A right.  I believe he needs some help understanding how a right is defined because government welfare certainly does not fall under the pervue of a right.  Something is only a right if it does not impinge upon someone else "rights".  For instance, I have a "right" to life because my living does not impinge upon anyone else's right to life.  However, I don't have a right to murder.  Why?  Because it obviously violates someone else's right to life.  All of these so called rights Mr Panko mentions are contingent upon the government taking my hard earned money and giving it to someone else.  That's not a right, that's government sponsored theft.

Sunday, June 10, 2012

Obama's Makeover

So as we near the election this Fall, it continually amazes me how the President is rewriting his own history from the past 3+ years.  Not only that, people are buying it.  So lame.

Crony Capitalism, Economy

The Wall Street Journal had several good articles again this weekend.

Monday, May 21, 2012

Talk About Chutzpah

Over the past week the Eurozone has started to officially melt down.  I thought this was going to happen 12 months ago, but they kept dragging the bailouts over time, but it appears it is finally time to pay the piper.  One would think that all of these governments going broke would be a lesson to everyone that big governments with out of control spending are a ticking time bomb.  Alas, that's what reasonable people would think, but this article in the Wall Street Journal, titled "Europe Can Spend Its Way to Growth", proves that Europe is toast.  Let point out a few comments from the article.

Continuing the harsh austerity policies that German Chancellor Angela Merkel and her conservative colleagues have pushed until now would lead one European country after the other into recession. Dramatic economic news from Spain, the United Kingdom and of course Greece provides gloomy examples. 
The Merkel dogma "Yes to growth, but no to debt" can only be understood as a polemic, an ideological statement. Because it makes no sense for the economy or for society. 
and

Italian Prime Minister Mario Monti has already called for policies that favor targeted public investments in growth and employment, at least during this current weak growth period. In principle, this golden rule should apply at all times, but its application today is imperative if we are to grow past the crisis. We therefore need more Monti and less Merkel.
We actually need to go a step even further. The EU member states should not only be forced to limit their debt in accordance with European treaties. The European institutions should enact legislation that requires all members to make public investments in growth and employment.


Okay, let me start with the first statement, which is an absolute lie no matter how you slice it.  Merkel's austerity (which is not very austere, or conservative, to begin with) is not what is causing these countries like Greece to collapse.  This guy clearly is neglecting the fact that these countries have had out of control socialist spending blowouts for decades that have led to this mess.  If a person decided to eat 10,000 calories a day of Big Mac's, Whoppers, etc for several years, what happens?  He'll explode in size and most likely be moments away from dying of a heart attack.  When he has chest pains he goes and sees a doctor who says, "Hey, you are killing yourself, stop eating all that junk and start eating healthy foods."  If the fat man takes his advice, but then keels over dead of a heart attack a week later, who's at fault?  The doctor?  Of course not, but by Hannes Swoboda's asinine logic the only cure for the fat man's heart pain is more Big Mac's.

In the second set of quotes from the article he mentions "targeted public investments" and "public investments in growth and employment".  Can someone please tell me what that is?  What I mean is show me one example where any amount of public spending spurred growth and/or employment.  Spending money on renewable energy as he talks about later is absolutely unsustainable.  Does it employ people?  Sure.  But at an absolutely ridiculous cost that leads countries into bankruptcy.

And its not like you need another reason to believe that Mssr Swobota is an idiot, but  humor me.  He continually rails on Germany and Merkel, saying they have no idea how to fix the mess.  Well that's rich, considering Germany is the only Eurozone country that had a GDP figure above 0%!!!!
Note that in the ZeroHedge article, you can see very clearly from the chart that Germany is the only country in Europe since 2008 that has a postive GDP number.  Every other economy is shrinking, but by all means Hannes, continue trash talking the hand that feeds you.

This didn't bother me so much at first, until I read this article:

Tuesday, May 1, 2012

Taxes, Public Employees

The Wall Street Journal was chock full of goodies today.

Wednesday, April 11, 2012

ObamaCare and the Supremes

Well, ObamaCare was the talk of the town last week as the Supreme Court heard oral arguments on the constitutionality of the law.  I can only hope for as much, but the Justices were very tough with the Justice Department's lawyer, so there is atleast a 50/50 shot it gets struck down.
What really makes me sick though are all these talking heads in the media.  I mean seriously, could you be any more obviously biased?  I think not.  For the past 3 years we've heard nothing but how important ObamaCare is.  Now that its obvious the monstrosity is unconstitutional, oh how they have changed their tune.  Now the best thing for Obama's re-election chances are that it gets struck down.  These guys are utterly delusional!

So then yesterday Obama comes out and rails the Supreme Court.  It is absolutely breath taking to watch the hypocrisy of these liberal Democrats.  Now Obama has the gall to say that these "unelected" Justices have no right to overturn a law passed by group of "elected" Congressman.  That is just the most insane and idiotic logic I have ever heard.  It shows his absolute disdain for the Constitution.  So if the Congress passed a law saying it was okay to kill your neighbor if you wanted to take his wife, then the Supreme Court has no business striking down that law.  Unbelievable.
In other news:

Thursday, March 29, 2012

Obama's Budget, Not a Winner

This is two years in a row now that President Obama's budget has been completely out of touch with reality. 
You may recall he got the same kind of support, from the Democrat controlled Senate last year, where his budget was voted down 97-0. 

Trayvon Tragedy

Ok, I cannot take the circus around this Trayvon Martin tragedy any longer.  The level of ignorance and exploitation surrounding the situation is beyond belief.  So here are a bunch of articles discussing this whole debacle.

Thursday, March 22, 2012

GOP Budget 2012

Paul Ryan came out with the Republicans budget this week.  He had a lengthy article in the Wall Street Journal describing it.
Other news:

Monday, March 5, 2012

Breibart Vets Obama

I've decided to keep a running blog of the vetting information that Andrew Breitbart had promised to release starting March 1st.  Due to his untimely death I was not sure it was ever coming out, but I see today the first piece of information came out.  As new things are released, I'll repost them here.
This video is actually from Hannity's show.  I'm not a fan of Hannity at all, but in this case I think it does a pretty good job of summing up why this first video released by Breitbart has the power to be so incriminating.

Thursday, February 16, 2012

Friday, February 3, 2012

Unemployment Crock

The unemployment numbers came out today.  Wow, what an absolute disservice the media is doing on the subject.  If you read the mainstream media, you'd think the economy was going gang busters.  For instance, the headline on CNN's website is "More hiring, less firing: Job market scores 'touchdown'".  What planet are these people living on?  The truth, over 1.2 million people dropped out of the labor force last month.  Yes, that's right, 1.2 MILLION!!! 

Great article about the upcoming recall election of Scott Walker in WI:

In other news:

Sunday, January 22, 2012

GOP Debate and Rising Taxes

A couple of articles relating to the debates and the GOP primary.
Some lessons on taxes and what happens when you raise them:

Executive Overreach and Killing Jobs

There was a great article in the WSJ by Michael McConnell about Democrats and their executive overreach.  The first half of the article deals with Obama's "recess" appointments, but then gets into other executive overreach, lest we have forgotten.  And if the "recess" appointments weren't bad enough, now we find out that one of the NLRB appointees is still getting paid by a major union. 

In other news, Obama and his administration is on quite a roll for killing jobs:
While I'm here I'm updating this post with Obama's State of the Union speech.  Pathetic in just about every way possible.  He never once mentioned the unemployment rate, however, he did find time to lie about the employment numbers.  He never once mentioned that we are $15 trillion in debt.  But I mean, who really cares about the STATE of the union anyway, right.  He did find time to praise the improving economy though.  So after 3 years and a trillion dollars of stimulus, this is his recovery:

Friday, January 13, 2012

Reduce Regulations... Or Not

Remember a year ago when Obama said he wanted to go through every single law and reduce redundant and overly burdensome regulations.  If not, let's refresh your memory:
So how how are things going?  Well, granted these are not all federal rules, but as a country we certainly are not doing well at reducing government regulation.

Monday, January 9, 2012

Recession? What Recession?

Its good to know that when the economy goes in the tank, things still go on as usual in the White House.