Tag Archives: Economic Policy

Fox and Friends’ Hasselbeck Calls Out Obama’s Faulty ‘Class Warfare’ Speech: ‘He Is the System’ He Criticizes

“Obamacare isn’t working, so the president goes to his old faithful ‘class warfare argument,’” Hasselbeck said. “He’s saying he wants to take out inequality and his policies from the beginning have been to equalize.”

But, she continued, “the top 1%—their income rose by 31.4% between 2009 and 2012. Income for everyone else, you know how much that grew? 0.4%. These are just facts here. 95% of income gains have gone to the top 1%. So this system that he’s talking about, he is the system. It’s his system!”...

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Obamanomics: Wall Street Thrives, Main Street Dies

There is a plethora of evidence to back up Huszar’s assertion. While Wall Street continues to flirt with record highs, Main Street is stagnating. Despite the happy talk that constantly emerges from the Obama administration and its media cheerleaders, a record-setting 91,541,000 Americans were not participating in the labor force as of October,according to the Bureau of Labor Statistics (BLS). Between the time Obama entered office in 2009 and last month, more than 11 million Americans have left the labor force. If the trend continues, the number of idle Americans will top the number of working Americans in four years...

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Obamanomics, RIP

AN OLD SAYING sometimes attributed to Mark Twain goes: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” And so it is with the current view that government spending stimulates the economy. It doesn’t. Government stimulus spending, paid for by running up the federal credit card, is why we have the never-ending Great Recession, though the left keeps fantasizing that spending “saved us from a second great depression.”...

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Fiscal Monkey Business

As the budget histrionics continue, both parties are slyly doing what Congress does best—spend more money. We reported last week that the GOP House has already agreed with Senate Democrats to raise spending in 2014 by $19 billion over the Budget Control Act caps—to $986 billion from $967 billion. But now Senate budget experts have identified in the spending bill some $18 billion more of mostly phantom savings from "changes in mandatory spending programs," also known appropriately enough as Chimps.

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Obama: Republicans blocking my efforts to fight economic inequality

Appearing on ABC's "This Week" program, Obama acknowledged that the wealthiest Americans have benefited disproportionately from the economic recovery of recent years. But he was quick to add that much of that trend is due to globalization, technology and, not least, the GOP's opposition to his economic agenda – all factors he suggested are beyond his control...

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