The latest jobs report showed the unemployment rate ticking up to 9.6 percent, putting the final nail in the coffin of recovery summer. The Obama Administration announced “Recovery Summer” last June to highlight the expected gains in jobs and economic strength resulting from Obama’s stimulus. Not. The economy is literally sliding into the fall.
President Obama, [...]
Categories: Syndicated Postings, The Foundry
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As November approaches, Obamacare’s defenders are quite plainly desperate. They see public opinion solidly against them, and a devastating election fast approaching. Their latest gambit to protect what was jammed through Congress in March is to claim that repeal would be so costly to the federal budget that it would be impossible to pass, even [...]
Categories: Syndicated Postings, The Foundry
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In the 1980s and 1990s, Chicken Littles warned that Japan was buying up America. The biggest symbol that our country couldn’t keep up with Japan’s managed-trade policies was the 1989 purchase of New York’s Rockefeller Center by Mitsubishi.
Even though the sky didn’t fall, protectionist Chicken Littles are at it again. Only today it’s China that [...]
Categories: Syndicated Postings, The Foundry
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Yesterday, President Obama insisted that a coalition of Senate Republican legislators is playing partisan politics yet again. He told Americans that he knows exactly what small businesses need in order to start productively hiring, and that’s the Small Jobs Act, which is currently before the Senate.
The business community does not need President Obama to lecture [...]
Categories: Syndicated Postings, The Foundry
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As the summer begins to wind down, many are beginning to take a second look at the grandiose promises made by the Administration about this summer before its start. While this “Recovery Summer” was lauded as the must-see event of the summer, the reality failed to match the rhetoric.
But as many Foundry readers understand, the [...]
Categories: Syndicated Postings, The Foundry, Videos
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President Barack Obama lets people break laws that he doesn’t like. The latest example is his backdoor amnesty for thousands of illegal immigrants, as a still-fuzzy but insidious picture is emerging.
Obama shows a pattern of refusing to enforce laws (or refusing to permit states like Arizona to enforce them). When he dislikes our laws, Obama [...]
Categories: Syndicated Postings, The Foundry
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The CEO of Intel has joined the ranks of those labeling big government as the cause of our economic slump, not the solution.
Paul Otellini says it already costs Intel an extra billion dollars to build a microchip plant in the U.S., rather than overseas. In his illustration, it’s an extra 25% to create a $4-billion [...]
Categories: Syndicated Postings, The Foundry, Videos
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The Commerce Department today revised down its estimate for second quarter gross domestic product from 2.4 percent to 1.6 percent. This is not a sign of a weakening economy but a weak economy last spring. The weakness was especially pronounced as the bulk of what growth did occur was due to a building of inventories [...]
Categories: Syndicated Postings, The Foundry
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General Motors is making moves to sell some of its government-owned stock back to the private sector in what would be one of the largest initial public offerings (IPOs) in U.S. history. While this is certainly a positive sign, it should not be used as an example and an excuse for more government-sponsored bailouts. The [...]
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In many respects, Dan L. Duncan was the embodiment of the American dream, the self-made man incarnate. He transformed $10,000 and two propane trucks into a natural gas empire and a personal net worth of $9 billion—making him the richest person in Houston, and the 74th wealthiest individual in the world.
Even though Duncan died last [...]
Categories: Syndicated Postings, The Foundry
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