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Economy

O’Malley: Save Puerto Rico!

Tuesday, June 30th, 2015 - by Bridget Johnson

Democratic presidential candidate and former Maryland Gov. Martin O’Malley wants the U.S. to step in and bail out Puerto Rico. On Sunday, Gov. Alejandro Garcia Padilla announced that the U.S. territory can’t pay its $72 billion in debt, drawing comparisons to Greece and warnings from economists that U.S. investors have much more to lose from […]

Despite SCOTUS EPA Ruling, Obama’s Damage to Coal Industry Permanent

Monday, June 29th, 2015 - by Stephen Kruiser

Fundamentally transforming stuff… President Barack Obama’s opponents won a Supreme Court skirmish in the “war on coal” Monday, but the ruling blocking his mercury pollution rule won’t do anything to reverse coal’s waning role in the nation’s power supply. And on top of that, legal experts don’t expect the decision to hamper the administration’s plans […]

Shocker: Americans Fleeing High-Tax States for Low-Tax States

Wednesday, June 24th, 2015 - by Michael Walsh

This will probably come as a shock to the governors of New Jersey, New York, Illinois and Connecticut, but the numbers don’t lie: A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest […]

Notch a Win for Liberty: Supreme Court Slaps Uncle Sam for Snatching Your Stuff

Monday, June 22nd, 2015 - by Scott Ott

In April, I told you about Horne vs. USDA, a 5th Amendment case that pitted a raisin farmer against the power of big, remote, centralized government. Well, Rejoice! The Supreme Court ruled today that personal property is no different than real estate under the 5th Amendment when it comes to eminent domain, and if Uncle Sam […]

Big Brother Fed Uses Biodata to Track School Lunch Choices

Monday, June 22nd, 2015 - by Susan L.M. Goldberg

From EAG News: A Pennsylvania school district is scanning students’ thumbprints, tracking all of their lunch purchases, and turning the data over to the federal government. The Hazleton Area School District recently announced it would be providing free meals to all students, regardless of need. The move comes after the federal government began incentivizing school […]

Rand Paul Seeks to ‘Blow Up the Tax Code’

Thursday, June 18th, 2015 - by Walter Hudson

Republican presidential hopeful Rand Paul wrote Wednesday in the Wall Street Journal that he seeks to “blow up the tax code.” By that, he means that he wants to abolish the current federal revenue infrastructure and replace it with a 14.5% flat tax. WSJ reports: The plan would eliminate payroll taxes on workers, as well as […]

Treasury to Go All Aaron Burr on the $10 Bill, Bump Off Hamilton

Wednesday, June 17th, 2015 - by Bridget Johnson

Treasury Secretary Jack Lew is about to become the 21st century Aaron Burr by booting Alexander Hamilton off the $10 bill. Treasury was teasing a big announcement from its engraving office at midnight, until Nancy Lindborg, the president of the U.S. Institute of Peace, broke the embargo by praising Lew’s decision in a tweet. “Sec […]

Oregon Eyes $13/Hour Statewide Minimum Wage

Tuesday, June 16th, 2015 - by Stephen Kruiser

Bullseye on small businesses. A senior Oregon lawmaker is proposing that the Democratic-led state raise its minimum wage to $13 an hour by 2018 in a move that would give it the highest statewide minimum pay level in the country, officials said on Tuesday. House of Representatives Speaker Tina Kotek plans to present her proposal […]

Leaked Doc Reveals: Pope Enraged Over Climate Change, Calls for Redistribution of Wealth

Tuesday, June 16th, 2015 - by Susan L.M. Goldberg

For those still unconvinced that the current pope was raised under a Soviet-inspired pro-socialist climate, the UK Independent reports: Pope Francis warned that the world is heading for “unprecedented destruction” unless mankind confronts climate change and reforms the way it treats the planet, as the most eagerly anticipated papal document in living memory was leaked. In […]

‘Happiest Place On Earth’ Is Also One of the Most Expensive

Saturday, June 13th, 2015 - by Michael Walsh

How many families can afford Mickey Mouse these days? Lots, apparently: When Walt Disney World opened in an Orlando swamp in 1971, with its penny arcade and marching-band parade down Main Street U.S.A., admission for an adult cost $3.50, about as much then as three gallons of milk. Disney has raised the gate price for the […]

Reuters: Perry Only Governor in GOP Race Who Can Brag About His State’s Economy

Thursday, June 11th, 2015 - by Stephen Kruiser

Well, yeah. Various Republican governors with an eye on the White House can point to tax cuts and other business-friendly policies they spearheaded as they enter the crowded 2016 presidential contest. But many of them can’t highlight robust economic growth. Among the handful of governors and former governors competing for the Republican presidential nomination, only […]

Perry Is In

Wednesday, June 10th, 2015 - by Leslie Loftis

Recall in 2011, political watchers had expected Rick Perry to enter the race weeks before he announced. The media started touting their objections early. At the time I was in London blogging as an expat and I wrote an explainer post about the objections. Most of that old post holds up well. Those issues are still relevant, […]

Admit It: Here’s a Headline You Never Thought You’d Ever See

Sunday, June 7th, 2015 - by Michael Walsh

As if you needed any further proof of the existence of the Permanent Bipartisan Fusion Party and its offshoot, the Permanent Bipartisan Fusion Government, look no farther: President Obama opened an intense final round of lobbying to win support for his sweeping Pacific Rim trade accord ahead of a crucial vote in the House as […]

Even Obama’s EPA Isn’t Buying the Lies About Fracking and Drinking Water

Thursday, June 4th, 2015 - by Stephen Kruiser

Tough break, enviroloons. A long-awaited EPA report released Thursday found no signs of “widespread, systemic” drinking water pollution caused by fracking — a conclusion that offers a victory to the oil and gas industry and a major blow to a wave of grassroots anti-drilling movements sprouting across the country. The results of EPA’s years-long fracking […]

Unhinged EPA About to Make Air Travel More Expensive

Tuesday, June 2nd, 2015 - by Stephen Kruiser

“Legacy” or something. The Obama administration is set to announce that it will require new rules to cut emissions from airplanes, expanding a quest to tackle climate change that has included a string of significant regulations on cars, trucks and power plants. The Environmental Protection Agency is expected to report as early as Friday its […]

Feminists Demand Women’s Viagra, Citing FDA Resistance as ‘Sexist’

Tuesday, June 2nd, 2015 - by Susan L.M. Goldberg

Flibanserin, aka the “female Viagra” is once again up for approval by the Food and Drug Administration. Despite conflicting results concluding that the drug does nothing to address Hypoactive Sexual Desire Disorder (HSDD), feminists under the banner of “Even the Score” are petitioning the federal agency to approve the sexual anti-depressant designed for women. Their […]

Revised 1st Quarter Numbers: GDP Didn’t Grow After All, It Shrank

Friday, May 29th, 2015 - by Stephen Kruiser

Hindsight is better than government estimates. It turns out that the harsh winter and a growing trade deficit made a bigger dent in the U.S. economy in the first three months of the year than previously thought — with revised first-quarter GDP actually shrinking by 0.7 percent, according to the Commerce Department. Commerce had earlier […]

Big Labor Request for Crony Exemption from L.A. Minimum Wage Hike Isn’t a Hit

Thursday, May 28th, 2015 - by Stephen Kruiser

Rocky road. The path toward passage of Los Angeles’ landmark minimum wage increase took a rocky detour Wednesday, as business and elected officials reacted harshly to a last-minute push by labor leaders to create an exemption for companies with unionized workforces. Union officials have been among the most ardent backers of the plan approved by […]

Puerto Rico, You Lovely Island…

Sunday, May 24th, 2015 - by Michael Walsh

Obama economy still in the tank, Latino people of color hardest hit: The posh boutiques that once lined cobbled Calle Fortaleza are gone now, replaced by T-shirt and souvenir shops grasping for dollars from passengers swarming down the gangways of the Carnival cruise ships that dock here most mornings. Bars advertise “happy hours” lasting from […]

Let Them Drink Water: Dairy Queen Removing Soda From Kids’ Menu

Tuesday, May 19th, 2015 - by Paula Bolyard

From CNBC: Dairy Queen has announced it will remove sodas from its kids’ menu effective September 1 of this year. The company made the announcement earlier this week in a letter addressed to the Center for Science in the Public Interest. “Under our recommendation, drinks such as milk and bottled water would solely be listed as menu options […]

Facing a Massive Deficit, Arizona Slashes Welfare Benefits

Tuesday, May 19th, 2015 - by The Tatler

Arizona is looking at a $1B deficit so the state legislature has cut the state’s welfare program, reducing the lifetime limit for benefits to the lowest in the nation. Benefits will be cut off after one year for families on the program.  “As a result, the Arizona Department of Economic Security will drop at least […]

Valerie Jarrett Declares a Mother’s Place Is…with Her Kids?

Sunday, May 17th, 2015 - by Susan L.M. Goldberg

Working moms like Rhiannon often have to choose btwn their health (or their child’s) & their job. They deserve better pic.twitter.com/4eO0X8Gz55 — Valerie Jarrett (@vj44) May 14, 2015 At a Women Employed luncheon in Chicago last week, senior White House advisor Valerie Jarrett declared: Every single day in our country, moms are not at the Halloween […]

Common Core: Creating a Productive Citizenry of Sex-Bots

Thursday, May 14th, 2015 - by Susan L.M. Goldberg

According to the National Sexuality Education Standards for Common Core, children as young as the second grade are expected to comprehend that gender is a cultural construct. By 5th grade they need to be able to identify what HIV is and how to prevent it medically. By the end of 8th grade they need to […]

Christie Seeks Court Power to Overturn His Own Legislation

Wednesday, May 13th, 2015 - by Susan L.M. Goldberg

New Jersey Governor Chris Christie is attempting to use the courts to overturn the “2011 pension reform he once called his ‘greatest governmental victory.’ Ironically, Christie now contends the statute he had championed is unconstitutional, and therefore unenforceable.” That’s right, the guy who chatted up his 5-point plan for national economic growth in New Hampshire yesterday is […]

How Your Tax Dollars Fund Childhood Obesity

Wednesday, May 13th, 2015 - by Susan L.M. Goldberg

A recent survey indicates that 95% of parents think their overweight children “look just right”. Cue Michelle Obama’s latest national panic attack: We don’t know what fat looks like anymore! But before you allow the Feds to implement yet another government-mandated solution, read on. “African American and low-income parents had the most inaccurate perceptions” of […]

While Senate Dems Block Obama’s Trade Fast-Track, GOPs Vow to Move Bill in House

Tuesday, May 12th, 2015 - by Bridget Johnson

Senate Democrats blocked fast-track trade legislation today on a procedural vote, keeping the bill from coming to the floor for debate. The vote was 52-45, with a 60-vote threshold required. “The simple fact is that to pass the Senate, bills must have strong Democratic support. Nearly every bill passed by the Senate this year has […]

Obama at Poverty Forum on ‘Capitalist Types Who Are Reading Ayn Rand and Think Everybody Are Moochers’

Tuesday, May 12th, 2015 - by Bridget Johnson

President Obama said today that the incidents with police in Baltimore and Ferguson, along with “a growing awareness of inequality in our society,” can turn attention back to poverty in America and bridge “ideological divides that have prevented us from making progress.” At the Georgetown University panel on poverty, Obama name-dropped Ayn Rand and acknowledged […]

Women: If You Want the Right Diagnosis, Take Medicine Into Your Own Hands

Tuesday, May 12th, 2015 - by Susan L.M. Goldberg

Contemporary feminists continue to push the myth that women are stereotyped as stupid simply because of their gender. This time the target is medical professionals who misdiagnose female patients’ pain as a mental disorder. Because these activists are stuck in Sylvia Plath’s oven, misdiagnosis is obviously the result of a patriarchal belief that all women […]

As GOP Folds, Rooting for the Democrats to Block Obama’s ‘Fast Track’ Deal. UPDATED: Blocked

Tuesday, May 12th, 2015 - by Michael Walsh

Now that Mitch McConnell has revealed his true party affiliation — the Permanent Bipartisan Fusion Party — it’s up to the Democrats to stop Obama’s latest power grab: If you really want to see how much clout President Barack Obama has on Capitol Hill these days, watch the Senate on Tuesday. The same liberal Democratic senators who […]

This Is Bigggzzzzzzzzzzz

Tuesday, May 12th, 2015 - by Michael Walsh

Nothing like a merger story to the biz press’s juices flowing:  Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion. AOL’s stock was up more than 17 percent after the announcement. Verizon’s stock was down about 2 percent. The transaction will be completed this summer and will take […]

Surprise: Social Security Much Nearer Death Than Previously Thought

Sunday, May 10th, 2015 - by Michael Walsh

Not really much of a surprise, when you stop to think about it: Officially, Social Security has enough money to pay all its promised benefits until 2033. But a new study suggests this forecast could be wildly optimistic. And that spells big trouble for future retirees. Every year, the Social Security Administration releases its Trustees Report, […]

We Could Solve California’s Drought Problem Tomorrow

Thursday, May 7th, 2015 - by Walter Hudson

After four years of drought combined with population growth and increasing demand for water, the state of California has imposed mandatory water conservation on its residents. From MSN: Rivers are so low that young salmon have to be trucked to the sea, and many farmers can use only a fraction of the water normally available […]

Obama Proves Campus Rape Is Good for Business

Wednesday, May 6th, 2015 - by Susan L.M. Goldberg

Reporting of sex crimes on college campuses has nearly doubled in the last five years. Not because the crimes have necessarily occurred, as last year’s Rolling Stone/UVA debacle illustrated quite clearly. Oh, and not because there are standardized procedures for collecting and reporting sexual offenses, either. And, as a recent National Review article indicates, numbers […]

Seattle $15 Minimum Wage Killing Jobs, Hurting Students

Tuesday, May 5th, 2015 - by Walter Hudson

Students at the University of Washington in Tacoma are getting an object lesson in the value of a dollar. As economic dominoes fall in the wake of a municipal minimum wage hike to $15 per hour in Seattle, university students find themselves digging deeper into their pockets to cover higher prices resulting from the mandate. […]

Meet the Big-Government Republicans Who Back Increased NIH Funding

Monday, May 4th, 2015 - by Liz Sheld

Following on the footsteps of Newt Gingrich’s op-ed in the New York Times, several Republicans have joined the former speaker of the House and come forward in support of an increased budget for the National Institutes of Health. The Hill describes these Republicans as “conservative.”  Hardly. I wrote about Newt Gingrich’s call for government expansion, reminding […]