Forward? No, we're going backward »
by George Landrith
President Barack Obama and Vice President Joe Biden never miss a chance to tell us that the economy is moving in the right direction. They claim they need more time to pull the nation out of the recession that began in 2008.
There are several problems with this line of argument. First, Obama said he would solve this problem in his first term and cut the deficit …
The Obama Press is Shameless »
Yesterday, the media stepped in it again and showed how deeply dishonest and deceitful they are. An open microphone at the Romney press conference caught reporters strategizing how to cast Mitt Romney has the bad guy because he had dared to be critical of the Obama Administration’s weak initial response to the violence in Cairo and the assassination in Libya.
Reporters were picked up by the mic planning to repeatedly …
Saved GM? Really? GM is losing $49,000 on each Volt it builds »
by Bernie Woodall and Paul Lienert and Ben Klayman (Reuters)
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some …
Obama Justice Dept. Sues Gallup after Campaign Chief Criticized Pollsters »
Internal emails between senior officials at The Gallup Organization, obtained by The Daily Caller, show senior Obama campaign adviser David Axelrod attempting to subtly intimidate the respected polling firm when its numbers were unfavorable to the president.
After Gallup declined to change its polling methodology, Obama’s Department of Justice hit it with an unrelated lawsuit that appears damning on its face.
TheDC is withholding the identities of the Gallup officials …
Unemployment 8.1% as More Give Up Looking for Work »
The nation’s most recent jobs report disappointed again with an anemic 96,000 new jobs added in August. Just to keep up with population growth, the economy would need to add more than 130,000 jobs per month. The report estimates an 8.1 unemployment rate for August. “This is definitely a setback for the labor market and the economy,” said Michael Feroli, chief U.S. economist at JP Morgan Chase and a former …
Obamanomics is not working »
by George Landrith
Barack Obama is nearing the fourth year of his presidency and the economy continues to languish as evidenced by the fact that the unemployment rate “unexpectedly” shot back up and has been above 8 percent for his entire presidency. The truth is there is nothing “unexpected” about our current economic woes. In fact, for those who understand the fundamentals of economics, the current high unemployment rates are …
Are We Better Off? Business Publication Says No »
Economic Conditions: All weekend, Democratic party leaders kept fumbling their answer to a simple question: Are we better off than we were four years ago? There’s a good reason for that: We’re not.
It wasn’t until Monday that the campaign was able to figure out how to answer the question, with Obama’s deputy campaign manager, Stephanie Cutter, saying, “Absolutely.”
Obama’s argument is simple: The economy was headed for a second …
Budget Failures Lead to Economic Woes »
by George Landrith
America’s national debt is dangerously close to $16 trillion. This is a staggering figure. It is impossible to comprehend in concrete terms. But we are rapidly approaching the point of no return, where economic collapse becomes our fate — just like Greece. This is not a new problem. But it has gotten far, far worse as a result of President Barack Obama’s unrestrained spending. He’s thrown hundreds …
Solyndra in Space »
The once great American space program is on life support. We now pay the Russians $65 million per seat to take our astronauts to and from the space station. And the Obama Administration’s current unimaginative and amateurish vision for space exploration — even if successful — will not revive the dying program. It merely follows the disturbing pattern of the Solyndra scandal, funneling tax dollars to Obama donors and fundraisers.…
The Arab World's Troubled Existence »
Dr. Miklos K. Radvanyi
More often than men would like it, history has the annoying habit of repeating itself. Thus, already in 1985, the Sudanese people had a disappointing experience with the “Arab Spring” of their own making. Back then they overthrew Jafaar al-Numeiri’s military dictatorship that during its decade and a half reign brought Sudan to the brink of political chaos and economic ruin. Finally, after a hiatus of …