Archive for June 25th, 2009

Democrats off-loading economics to pass climate change bill.

House Speaker Nancy Pelosi has put cap-and-trade legislation on a forced march through the House, and the bill may get a full vote as early as Friday. It looks as if the Democrats will have to destroy the discipline of economics to get it done.

Despite House Energy and Commerce Chairman Henry Waxman’s many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill that will impose crushing costs on their home-district businesses and consumers. The leadership’s solution to this problem is to simply claim the bill defies the laws of economics. Read the rest of this entry

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June 25 (Bloomberg) — The number of Americans filing claims for unemployment benefits unexpectedly rose last week, a reminder that companies will keep cutting staff even as the economy stabilizes.

Initial jobless claims rose by 15,000 to 627,000 in the week ended June 20, from a revised 612,000 the week before, the Labor Department said today in Washington. A report from the Commerce Department showed gross domestic product shrank at a 5.5 percent annual pace in the first three months of the year. Read the rest of this entry

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Wednesday, June 24, 2009 3:08 PM

By: Rick Pedraza Article Font Size

U.S. Rep. Ron Paul, R-Texas, says he was dismayed that Congress passed the war supplemental appropriations bill so easily last week.

“An economic collapse seems to be the goal of Congress and this administration,” Paul said during his weekly radio address Monday.

“Washington spends with impunity, domestically bailing and nationalizing basically everything they can get their hands on,” Paul said. Read the rest of this entry

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Democrats will apparently move forward with their enormous tax-and-spend bill known as Waxman-Markey this week and it’s all concealed in a cloak of green political correctness. The real purpose of the plan is to dramatically enhance the power of Washington politicians by giving them control over vast swaths of the U.S. economy.

Democrats have apparently reached an agreement to move forward with a House vote on the huge cap-and-trade energy tax known as Waxman-Markey this week.

The monstrous bill has already grown from the 946-page version passed by the House Energy and Commerce Committee to an even-heftier 1201-page version released by House Democratic leadership last night. Read the rest of this entry

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With each spending proposal President Obama rolls out, the deficit grows astronomically and the American people are growing more concerned.

Among his many promises upon taking office, President Obama’s goal of cutting the federal deficit in half by the end of his first term is perhaps his loftiest.

Yet with each spending proposal Obama rolls out, the deficit grows astronomically and the American people are growing more concerned. Read the rest of this entry

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