Archive for July 16th, 2009

Ed Lasky

Barack Obama campaigned on the theme that he was the anti-Bush who would herald a new age (let’s call it A.O.-the Age of Obama). Among the promises was that he would refrain from signing so called Presidential signing statements. The Wall Street Journal notes that he has broken this promise-and it has even riled Democrats.

With $108 billion in International Monetary Fund loan guarantees in jeopardy last month, White House economic officials begged, cajoled and cut deals with Democrats to secure passage of legislation boosting the fund’s power. Days later, President Barack Obama announced he wasn’t bound by any of the agreements. Read the rest of this entry »

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WASHINGTON (AP) — With four simple words — “Give it to me!” — President Barack Obama took possession of the economy.

For months, the White House and Obama’s economic team have laid the economic crisis at the feet of President George W. Bush. But there comes a point in a presidency when inheritance becomes ownership. Obama made that pivot Tuesday in Michigan, the state suffering the worst unemployment in the nation.

“I love these folks who helped get us in this mess and then suddenly say, ‘Well, this is Obama’s economy,'” the president said in a pointed deviation from his prepared text. “That’s fine. Give it to me!” Read the rest of this entry »

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Phil Kerpen – – July 15, 2009

Guess what? Everything we’ve ever heard about the Democrats plan for health care reform is true. And it’s not a pretty picture.

The House Democrats released their long-awaited draft health care reform bill today, and every rumor about what tax hikes would be included was true–and then some. My friend Ryan Ellis over at Americans for Tax Reform posted the details. Read the rest of this entry »

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Phil Kerpen – – July 14, 2009

In the bizarre through-the-looking-glass world of Washington these days, maybe it should come as no surprise that the reaction to the failure of the stimulus bill is to call for more of the same.

The deficit today crossed the startling trillion dollar threshold, a number never before even contemplated for a full year of federal borrowing, but that we have now breezed through in just half a year. Such a deficit represents a crushing future tax burden for ourselves, our children, and our grandchildren — who will pay back every penny with interest. The so-called stimulus bill was slammed through on partisan lines despite the overwhelming anger of almost everyone who was paying attention. The bill, we were told, was our economic salvation (purely a coincidence, of course, that it happened to contain every item on the left’s big government wish list). Now the verdict is in, and it’s ugly. Read the rest of this entry »

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