Sheldon Whitehouse has taken to the floor of the Senate again to accuse everyone who opposes driving the country further into debt of being against people who are suffering financially.But that accusation, much like Whitehouse's accusations against opponents of ObamaCare, is based on a false...
There is so much wrong with how Barack Obama has handled the Gulf oil spill, it's almost hard to know where to begin.Put aside the ineptitude of the approval process and clean up response. For today, I'm focusing on the tentative settlement with BP. While...
The fiscal equivalent of Stockholm Syndrome:A term used to describe a paradoxical psychological phenomenon wherein government officials express adulation and have positive feelings toward unsustainable union contracts that appear irrational in light of the danger or risk posed by such contracts to the government.Our politicians...
Your stimulus dollars in action, buying high-efficiency refrigerators, low-flush toilets and a windmill for the Shalom Apartments (run by the Jewish Seniors Agency of Rhode Island) in Warwick, RI.As reported in The Providence Journal: Shaun Donovan, U.S. Secretary of Housing and Urban Development, is in...
On Friday, Goldman Sachs was charged by the Securities and Exchange Commission with fraud in the formation and marketing of a mortgage backed product, a so-called Collateralized Debt Obligation.The gist of the allegations is that Goldman Sachs failed to disclose that a major hedge fund...
Another day, some more agitation by the Obama administration and Agitprop by the mainstream media, this time directed by Obama himself at Rush Limbaugh and other conservative talk radio hosts.This country is boiling over, after over a year of a strategy of crazy, in which...
What Obama needs to pass his health care restructuring bill is a good political crisis. One in which he can stand there and proclaim, as he did with the stimulus bill, that we are on the edge of a catastrophe.And since the only way such...
Barack Obama is claiming credit for "saving" the economy from a full-blown depression based on passage of the stimulus plan.As with most Obama claims of success, Obama simply is exhibiting his prowess at using strawman arguments.Obama compares where the economy is now, versus where the...
The American Recovery and Reinvestment Act of 2009 (ARRA), commonly called the Stimulus Plan, is widely discredited as having done little to stimulate private sector job growth.But one thing the Stimulus Plan has created is long-term deficits. The Congressional Budget Office just released a budget...
Yet another "shocked to find gambling in Casablanca" moment. This time, the AP -- yes the AP! -- checked claims of jobs "created or saved" by stimulus bill spending, and found that the number of jobs was overstated by a factor of 1 in 6:But...
The pre-weekend information dump included an announcement by the Federal Reserve and Treasury Department that the federal government proposes to extend its control over pay packages beyond financial institutions which received bailout funds.According to the press release, the government proposes to monitor and, if need...
The Stimulus Plan is the key to Barack Obama's claim that he has helped create and save jobs. But it is all a word game, as indicated by this report released by the State of Rhode Island and Providence Plantations (the state's official name), stating...
Barack Obama is on another "it's all Bush's fault" tear again. This time, using the tired campaign theme of cleaning up Bush's mess:Another way of putting it is when, you know, I'm busy and Nancy busy with our mop cleaning up somebody else’s mess –-...
A slow awakening of our reality is sinking in on many fronts. One of those realities is that we have moved ever more drastically from a nation led by doers to a nation led by non-doers.Some formulate this as The Doers vs. The 'Thinkers' but...
My Congressman, Patrick Kennedy (D-RI), knows a lot about the importance of the privacy of medical records, having spent most of his adult life in and out of drug and alcohol rehabilitation. Yet Patrick is a hard line Democrat when it comes to government control...
The hot topic at this precise moment in time is the concept of a public option "trigger" being proposed by Maine Republican Senator Olympia Snowe.Snowe was one of only three Republicans to vote for the February 2009 stimulus plan; without those three Republicans (one of...
I can't keep up with all the ways in which this administration is failing. From the health care restructuring proposals gone sour, to the slippage in Iraq and Afghanistan, to the appeasement of Hugo Chavez and Iran and the bullying of Honduras, to the end...
This is great. My home State of Rhode Island says it did not receive promised stimulus money for energy projects. The federal government says it sent the money weeks ago: The U.S. Department of Energy says it sent about $22 million in federal stimulus funds...
Ron Coleman