Speaking to a town hall in Rio Rancho, New Mexico, yesterday, President Barack Obama said: We can’t keep on just borrowing from China, or borrowing from other countries because part of it is, we have to pay for — we have to pay interest on that debt. And that means that we’re mortgaging our children’s future with more and more debt, but what’s also true is that at some point they’re just going to get tired of buying our debt. And when that happens, we will really have to raise …
On February 12th President Barack Obama flew to East Peoria, Illinois, headquarters of Caterpillar, Inc., the world’s leading manufacturer of construction and mining equipment. At the press conference President Obama claimed, for the second day in a row, that thanks to his $787 billion stimulus package Caterpillar CEO James Owens planned on rehiring 20,000 recently laid-off employees. But then reporters asked Owens if Obama’s claims were true. Owens replied: I think, realistically, no. The honest reality is we’re probably going to have more layoffs before we start hiring again. Not …
This video highlights a danger in the Employee Free Choice Act (EFCA) that could be worse then taking away the secret ballot. EFCA gives government officials the power to impose contracts on employees if an “acceptable” contract with the union is not negotiated within 90 days. According former Union Organizer Rian Wathen says: If you put in the binding arbitration you remove any incentive for the union to be practical [youtube]http://www.youtube.com/watch?v=M8kEwUDn7wo[/youtube]
Yesterday, the Secretary of Homeland Security Janet Napolitano announced to the House Homeland Security Committee that FEMA would remain a part of DHS. While it is not surprising that Napolitano made the decision, given her inclination towards having FEMA stay put in her January confirmation hearing, it has likely rankled a few folks bent on returning FEMA to its Clinton-era cabinet-level status. But keeping FEMA at DHS is the right decision. FEMA is having tremendous success under DHS leadership—and there have been countless examples that demonstrate this case—from the California …
Standing next to Russian President Dmitri Medvedev in November 2008, then-president of the European Union, Nicolas Sarkozy called for a temporary moratorium on the planned U.S. missile defense deployments in Poland and the Czech Republic as well as an EU-Russian summit to discuss European security arrangements. This summit will take place in Eastern Russia next Friday and Saturday. When Russians talk about changing Europe’s security architecture, what they really mean is sidelining NATO. However, in the Obama Administration’s haste to reset relations with Russia, and its nonsensical enthusiasm for EU-integration, …
What happens when Nancy Pelosi, Harry Reid and President Obama get together to pass a trillion dollar “stimulus” bill without anyone reading it, and without any regard for government’s ability to handle that type of unprecedented spending? It turns out one thing that happens is that dead people get stimulated.
Latasha Bennett is a 37 year-old single mother of two very intelligent children: her son Nico and daughter Nia. Thanks to the D.C. Opportunity Scholarship Program, Nico attends the Naylor Road Private School and “he is excelling.” Earlier this year, Sen. Dick Durbin (D-IL) sponsored an amendment that would have stripped Nico of his scholarship and relegated him to a public school that Mrs. Bennett told a Senate hearing this week was unacceptable, disorderly, and unsafe. After a rally to save the Opportunity Scholarship Program last week, President Barack Obama …
[youtube]http://www.youtube.com/watch?v=qz-rWNgAcXo[/youtube] This morning Nancy Pelosi briefed the media on her knowledge of enhanced interrogation techniques, and we are guessing spent the rest of the day trying to unspill the milk. Aside from the torture inflicted on viewers of this disaster of a news conference, Nancy Pelosi created a brand new version of events to explain how she wasn’t aware of what she definitely was aware of. While trying to jump out of the way of a moving freight train, she tried to drag the men and women of the Central …
In an attempt to win over the public, manufacturers and garner more Congressional support, House Energy and Commerce Committee chairman Henry Waxman reduced the short-term stringency of greenhouse gas emission cuts as well as reduced the impossible goals for a renewable portfolio standard. The concessions, as reported by CQPolitics and the New York Times Greenwire, include: • 17% carbon cuts by 2020 (instead of 20%), but later reductions do not change • Allowances o 35% of allowances to local electric distribution companies o Trade-intensive industries, including pulp, paper, …
The recession is hitting hard in Britain. Unemployment has hit a 13 year high, at 2.2 million, and the last quarter saw the biggest rise in 28 years, so the bottom is nowhere in sight. But what’s particularly galling is that even those with jobs are worse off: over the past year, private sector pay fell by 1.9 percent, the first decline since 1964. And deflation’s nowhere in sight in Britain: consumer prices are up almost 3 percent over the last year. But one sector’s doing very nicely, thank you. …
