Blog

Obama's Leadership Deficit to Blame for Lack of Deficit Solutions

While President Obama was travelling through Hawaii saying Americans had been “a little bit lazy,” he was taking a similarly lackadaisical stance toward the impending failure of the Deficit Supercommittee. Could it be any clearer that presidential politics has trumped good policy yet again? The Supercommittee should have been a priority for our President. After all, the only reason it existed in the first place was his willingness to put party before principle. Let’s not forget that Obama and Speaker Boehner reached a tentative agreement that would have cut $3 trillion over the next decade. Everything was done except to…

Is Child Care Next to Get the Obamacare Treatment?

Wondering what business Democrats plan on nationalizing next? Well, wonder no more. In an interview last week with the Washington Post, Pelosi outlined her plan for what Democrats would do should she be reelected Speaker of the House (shudder). “One of the great pieces of unfinished business is high-quality child care; I wonder why we just can’t do that,” Pelosi said. That’s why, “doing for child care what we did for health care reform” will be at the top of her to-do list. In her explanation as to why she wants to put millions of sixteen-year-old girls out of work,…

Dems’ Unwillingness to Budge On Taxes Causes Supercommittee Failure

Government debt currently stands at a staggering $15 trillion. Even more troubling, over the next 10 years the CBO projects that Washington will rack up another $13 trillion. Set against that backdrop, finding $1.2 trillion in spending cuts over the next decade shouldn’t have been difficult. Nevertheless, the so-called Deficit Supercommittee has failed to do just that. In a joint-statement by co-chairs Rep. Hensarling (R-TX) and Sen. Murray (D-WA), they came to the conclusion that a deal would not be done before tonight’s deadline. “We have come to the conclusion today that it will not be possible to make any…

Growing Wealth Gap Between Young and Old Reveals Failure of Obama's Policies

In just under one year from today, Americans will head to the polls for what could be the most important election of our lifetimes. Oddly enough, that is exactly what people said about the 2008 elections. At that time, the housing market was in a downward spiral and the economy was clearly headed downhill. A little-known Illinois Senator came out of nowhere with a message of hope, promising to get rid of business as usual and fundamentally change a broken Washington. He won. And it was in large part due to the historic turnout of young adults who saw in…

Cash for Clunkers Highlights Failure of Obamanomics

Remember “Cash for Clunkers”? The lamebrained White House program that gave up to $4,500 to encourage owners of older cars to trade up? Pretty much anyone with a fundamental grasp of economics realized what a terrible idea this was. Of course, Democrats have shown that they have no such understanding. Which is partly why we could do nothing but shake our head in 2010, when Transportation Secretary Ray LaHood patted himself on the back for his brilliant idea.  “Cash for Clunkers was wildly successful,” said LaHood. “In a matter of weeks, Americans traded in nearly 70,000 gas guzzlers for more…

Filling the Funding Gap – House Republicans Pass Bills to Spur Entrepreneurs

It’s undeniable that the internet has changed the way Americans live their lives. The emergence of social networking tools like Facebook, Twitter, and Google+ have also revolutionized how Americans interact and do business. But while the business landscape has changed, the regulatory landscape is straight out of the 1950s. This past week, House Republicans took steps to bring those regulations into the modern era by amending securities laws to allow entrepreneurs to do something called “crowdfunding.” One of the less talked about crises that is holding the American economy back is the widening gap between the number of entrepreneurs and…

Are You Better Off Now Than You Were Four Years Ago? Obama, Says Yes

The 1980 election between Jimmy Carter and Ronald Reagan was a turning point for American conservatives. Under Carter, Iranian radicals had held hostages in the American Embassy for just under a year. The economy was struggling and inflation was running rampant. Following the Iranian Revolution, gas prices were skyrocketing and there were mile-long lines at every filling station. It was against this backdrop that Ronald Reagan asked Carter an all-important question. Just one week before the election in the final broadcast debate, Reagan asked the crowd “Are you better off now than you were four years ago?” This past week…

Another Green Energy Company Bites the Dust, Senate Set to Vote on More Stimulus

Apparently green companies are having trouble staying out of the red. Yet another green technology company that received a taxpayer-back loan from the Department of Energy has filed for bankruptcy. The Wall Street Journal reports, “On Sunday Beacon Power Corp. filed for bankruptcy protection, less than a year after the Tyngsboro, Massachusetts-based company received an Energy Department loan guarantee of some $43 million.” The problem with Beacon, as with many green energy companies, is that the technology and maintenance costs are vastly more expensive than the product they create. In the private sector, that’s what they would call a bad…

Forget Hand Outs, GOP Wants to Give Americans a Hand Up

A little more than two weeks ago President Obama presented remarks at the official unveiling of the Martin Luther King Jr. memorial on the National Mall. For that one day, the President shed the divisive rhetoric that has sadly come to define his recent approach to job creation. “At this moment, when our politics appear so sharply polarized, and faith in our institutions so greatly diminished, we need more than ever to take heed of Dr. King teachings,” Obama said. Later adding that, “[King] would want us to know we can argue fiercely about the proper size and role of…

We Can’t Wait . . . For the Democrat-Held Senate to Act

At every campaign stop and with every passing speech President Obama never misses a chance to drop his “We Can’t Wait” attack against Congressional Republicans. “They’re not getting the message,” Obama said in his weekly address, “[and] the truth is, we can no longer wait for Congress to do its job.” Interesting, coming from a President who has done little over the past year to promote job creation, while the Republican-led House continues to pass bills to help create the environment for economic growth. The hypocrisy of the President’s position hasn’t been lost on everyone. “You are saying you can’t…