When House Minority Leader Nancy Pelosi’s (D–CA) staff released a chart in May that attempted to illustrate how much past Presidents increased the national debt, it collided with a meticulous critique from Politifact that in turn led to a revised chart. The Washington Post’s Glenn Kessler weighed in as the original chart resurfaced recently, reporting on its methodological faults and misleading presentation. Even the revised version makes President Obama’s debt accrual appear minor compared to that of past Presidents. The facts show, however, that the Obama Administration is well on …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe FACT CHECK: Are rich taxed less than secretaries? – Stephen Ohlechmacher, Associated Press Billionaire Backer Disputes Charges That Company Sought White House Help to Influence Testimony – James Rosen, FoxNews.com Afghanistan: Lessons in War and Peace-building for US – David Arnold, Voice of America Political Scandals Heat Up In Russia – Ariel Cohen, The National Interest Look what we’ve ‘made in Taiwan’ – Ed Feulner, The Washington Times EPA grants …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe Obama to propose $1.5 trillion in new tax revenue – Jim Kuhnhenn, Associated Press Google Preparing for Senate Hearing – Diane Bartz, Reuters Obama’s Urgent Jobs Plan: Right Now, ‘Right Now’ means sometime next month – Andrew Malcom, LA Times U.S., European Diplomats Scramble Ahead of Palestinian U.N. Bid – Associated Press, FoxNews.com Leaders with Ginni Thomas: Tim Chapman and Michael Needham from Heritage Action – Ginni Thomas, The Daily …
Driving the conversation: President Obama released his deficit reduction plan on Monday, which would reduce the national debt by $3 trillion over ten years through a variety of tax hikes, superficial cuts to Medicare and Medicaid, and by incorporating savings gleaned from drawing down America’s military presence in the Middle East. Taxes: As he is wont to do, Obama called on Congress – specifically, the supercommittee – to reform the tax code. The only tax changes included in the president’s plan are – surprise! – tax hikes. Those will include …
When in November 1942 the British Army broke and routed Rommel, and sent him fleeing through Libya, Winston Churchill recognized that it was not the end of the war. But it was, he said, the end of the beginning. We are at the same place in Libya today – not at the end, merely at the end of the beginning. If Libya comes to be dominated by Islamists, or falls into chaos, the destruction of Gaddafi’s tyranny will evoke less satisfaction. But as Churchill said in another connection, the chains …
President Barack Obama made two fundamental mistakes today in his press conference which was intended to calm the markets. First, he did not lead off with a moment of reflection on the loss of American military lives in Afghanistan over the weekend. Second, he completely missed the boat on why Standard & Poor’s (S&P) lowered the credit rating of the United States. The President should have led off his press conference with prayers and condolences for the families of the 30 members of the U.S. military who lost their lives in …
Over the past several weeks, America has seen on grand display in Washington a singular mindset emanating from the White House: We must raise taxes so that we can keep on spending. This week, though, America was treated to something different—a glimpse inside President Barack Obama’s mind, a roadmap of his economic worldview. And what was revealed was a philosophy that is fundamentally at odds with America’s job creators. That insight came during the President’s press conference on Monday in which he broached the subject of raising taxes as part …
The latest unemployment numbers, released Friday, showed that the economy created a net 18,000 jobs in June, far below the roughly 150,000 needed to keep pace with new job market entrants. The unemployment rate ticked up to 9.2 percent. Since President Obama had not yet been asked directly about June’s unemployment numbers, it was inevitable that the topic be raised in his Monday press conference on the stalled debt limit negotiations with congressional Republicans. But if the president has learned anything from the apparent failure of his policies to spur …
June’s job numbers– 9.2 percent unemployment and the creation of only 18,000 new jobs — has brought a fundamental shift in the White House’s message on the economy. The Heritage Foundation’s Michael Franc sums it up: “Bye-bye, hope and change. Hello, denial and defeatism.” In yesterday’s National Review Online, Franc writes: In a fleeting Rose Garden appearance [Friday], the president urged patience and advocated a less-than-inspirational economic agenda of Patent Office reform, a new bureaucracy (an “infrastructure bank), and extension of December’s payroll tax cut. (Why not? Look how well …
