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 [...]
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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 [...]
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Sen. Tom Coburn (R-OK) likes to say that Congressional earmarking has become the gateway drug to federal overspending. Is there any better evidence of this theory then President Barack Obama’s $1 billion earmark for a special project in Illinois that was slipped into his failed $862 billion stimulus? According to Secretary of Energy Steven Chu, the [...]
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As we have been reporting, President Barack Obama is set to let tax rates increase at the end of this year. Obama’s tax hike will have devastating effects on an economy already on the ropes. There have been a lot of myths spread by the left about the supposed dangers of keeping taxes low and [...]
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Last night on Hardball with Chris Matthews, Rep. Paul Ryan (R-WI) made the case for preventing President Barack Obama’s impending job killing tax tsunami. When Matthews tried to play gotcha by asking Rep. Ryan “Where will you cut?” to pay for the tax cuts, Rep. Ryan was ready.
First, he cited the budget he produced last [...]
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According to President Obama, “every economist who’s looked at it says that the Recovery Act has done its job.” The four economists gathered at the National Press Club on Tuesday were apparently not asked for their opinions on the matter.
Tuesday’s program, “Debt and Deficits: Implications for U.S. and Global Economic Recovery,” featured a panel of [...]
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In 1998, an American Bar Association task force estimated that there were over 3,000 federal criminal offenses scattered throughout the 50 titles of the United States Code. Just six years later, that number is estimated to be over 4,000. If 4,000 seems like a high number consider the fact that there are then as many [...]
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Since the beginning, we have been following the New Black Panther Party voting intimidation case that began on Election Day 2008. Throughout the case, when the mainstream media has paid any attention, it has been to disparage the key actors and to dismiss the case as having been blown out of proportion. In today’s Morning [...]
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Last week in a legislative briefing Speaker of the House Nancy Pelosi (D–CA) stoked the unemployment insurance (UI) debate by stating that unemployment checks are the fastest way to create jobs.
Let me say that unemployment insurance… is one of the biggest stimuluses (sic) to our economy. Economists will tell you, this money is spent quickly. [...]
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Although President Obama signed the Patient Protection and Affordable Care Act into law , the battle against the federal takeover of health care is far from over. To the contrary, states continue to fight against the vast overreach of Washington marked by the passage of the Patient Protection and Affordable Care Act, which impedes states’ [...]
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