On Tuesday, February 2, President Obama released his budget forecasting a deficit for 2010 of $1.6 trillion for the year and $9.1 trillion from 2010 through 2020. The next day the Moody’s credit rating agency announced Obama’s budget policies were so profligate and irresponsible as to risk the credit rating …
The President has the right idea with his proposal to freeze spending. Unfortunately, after driving spending to a record $3.7 trillion—nearly 26% of GDP—last year with the accompanying $1.4 trillion deficit, the proposal is at best a bit….underwhelming. According to the administration, only $447 billion in spending would be subject to …
The Obama Administration has failed to budge the Islamist dictatorship in Tehran on a wide variety of issues, after one year in office. Iran has made a mockery of the Obama Administration’s engagement effort. It not only has rejected any compromise on the nuclear issue but it stubbornly resists moderating …
On New Year’s Eve, the White House received the preliminary assessment from federal agencies detailing the shortfalls of a terrorist bomber got on a plane bound for Detroit. The president admitted the government had more than enough information to justify keeping Umar Farouk Abdulmutallab off the aircraft. Obama concluded the …
By now, you’ve heard the news. On Christmas Day, a 23-year-old Nigerian named Umar Farouk Abdulmutallab tried to blow a full Northwest Airlines jet out of the air above Detroit. The only events that stopped this from happening were courageous passengers and a faulty explosive device. If either one of …
Pentaerythritol tetranitrate (PETN), the explosive Umar Farouk Abdulmutallab tried to detonate aboard Northwest Airlines flight 253, is among the most powerful of explosives in the world and was widely used to blow up airplanes in the 1970s and 1980s. The only reason the passengers of Flight 253 are still alive …
The President just gave a brief speech here in Copenhagen to the assembled parties, laying out what he believes are the crucial elements to a successful climate change accord. Specifically, there are three elements—greenhouse gas (GHG) mitigation commitments, transparency, and financing (but more on those in a moment). Consistent with …
Tonight President Obama outlined his plans for operations in Afghanistan. The President was right to call the U.S. mission a “war of necessity” in March, and that America must “finish the job.” But even after the commitments from the White House tonight, grave concerns remain that this administration is willing …
Last year, with Michigan Governor Jennifer Granholm standing by his side, President-elect Barack Obama proclaimed the importance of rapidly passing a stimulus package, described his intense focus on job creation, and noted that a new president can have an “enormous impact” on the economy. This week, The Detroit Free Press …
President Obama’s trip to Asia this week comes at a critical economic time for American workers. With unemployment eclipsing 10 percent, it’s clear that the stimulus package passed by Congress has so far proven ineffective in getting Americans back to work. Free trade, a pillar of economic recovery that has …
