Super Majority
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Geithner Says US Will Never Lose AAA Debt Rating, Despite $1.6 Trillion 2010 Deficit
Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.
“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to [...]
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Rahm Emanual’s ‘Retarded’ Comment Flares Up Limbaugh, Palin
Rush Limbaugh has pounced on Rahm Emanuel’s “retarded” blunder and is using the same offensive term to bludgeon his enemies on the left.
On yesterday’s episode of “The Rush Limbaugh Show,” the right-wing icon used the firestorm surrounding Obama’s chief of staff as cover to blast liberal activists as “retards,” and suggest a “retard summit” is [...]
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Reid Unhappy as Obama Continues to Knock Las Vegas
President Obama is catching heat from Nevada lawmakers and business leaders regarding his comments Tuesday criticizing trips to Las Vegas.
During the president’s town hall meeting in Nashua, New Hampshire, he discussed the need to curb spending during tough economic times. “When times are tough, you tighten your belts,” the president said. “You don’t go [...]
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Deficit Soars Unchecked in Obama’s $3.8 Trillion Budget
President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011, pushing a plan that includes new jobs-creation programs but is projected to add $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit.
President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011, pushing [...]
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Small Business Tired of Being Obama’s Last Priority
Politicians trying to figure out why the electorate is so angry and frustrated will find answers in a simple chat with shopkeepers and small-business owners on Main Street.
When it comes to small business, the disconnect between reality on the ground and what policymakers are talking about is enormous. Even worse, the aspirations of small-business owners [...]
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Obama’s State of the Union: He Still Doesn’t Get it
Justice Samuel Alito let a pained expression pass his face and muttered, “Not true.” His reaction to Pres. Barack Obama’s demagogic attack on the Supreme Court’s Citizens United decision aptly summed up the entire State of the Union address.
Obama warned that the decision striking down restrictions on corporate spending opened “the floodgates for special interests [...]
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Obama’s Spending Freeze Deception Doesn’t Trick Voters
One of the key new initiatives in President Obama’s State of the Union speech is a three-year freeze on discretionary government spending, but voters overwhelmingly believe the freeze will have little or no impact on the federal deficit.
A new Rasmussen Reports national telephone survey finds that just nine percent (9%) think the freeze will reduce [...]
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DOJ Drops the Ball on LiveNation/Ticketmaster Merger
At first blush, it looked like a slam-dunk antitrust case for the government.
Ticketmaster, a company that came to dominate the live-music ticketing business by buying up seven of its rivals, was suddenly facing a challenge to its 83 percent market share. Its largest customer, Live Nation, a big venue manager and concert promoter, had decided [...]
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Senate Approves Additional $1.9 Trillion in Debt Spending
Senate Democrats needed all the 60 votes at their disposal Thursday to muscle through legislation allowing the government to go $1.9 trillion deeper in debt.
Democratic leaders were able to prevail on the politically volatile 60-39 vote only because Republican Sen.-elect Scott Brown of Massachusetts has yet to be seated. Republicans had insisted on a 60-vote, [...]
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Economists Say Obama’s Job Bill ‘Grasping at Straws’
President Barack Obama’s job-creation program could produce a short-term political boost, but it’s unlikely to significantly stem job losses and reduce the unemployment rate anytime soon, according to economists.
“People are out of work. They are hurting. They need our help. I want a jobs bill on my desk without delay,” the president said during his [...]