Via Big Government: The latest taxpayer-funded boondoggle to emerge from the Obama Administration’s infamous Energy Department grant and loan program has cost taxpayers $118.5 million, new bankruptcy filings by electric battery maker Ener1 reveal. From Bloomberg News: The company listed assets of $73.9 million and debt of $90.5 million as of Dec. 31 in Chapter 11 … Continue reading Obama Administration Gave Electric Car Battery Maker $118 Million, Company Now Bankrupt →
http://www.whitehouse.gov/trump-administration-accomplishments/ Unprecedented Economic Boom Before the China Virus invaded our shores, we built the world’s most prosperous economy. America gained 7 million new jobs – more than three times government experts’ projections. Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration. The unemployment rate reached 3.5 … Continue reading Trump Admin Accomplishments →
Via Heritage Action: Background: In 2012, legislation to reauthorize and increase Ex-Im’s lending authority by 40 percent, from $100 billion to $140 billion, passed in the House and Senate. With its charter set to expire at the end of September, a bipartisan coalition is advocating for another reauthorization. If it is not reauthorized, the bank … Continue reading The Export-Import Bank: Just the Facts →
by Political Arena Editor Chuck Norton Liberal activists stopped new laws in Connecticut that could have helped Adam Lanza get the mental help he needed….. [Political Arena Editor’s Note: Before we get onto the the disturbing details, this very writer has a great deal of experience in helping treating a schizophrenic. I have pretty much … Continue reading It’s mental health that is the problem, not guns – UPDATED →
See our other coverage on General Electric, Obama and Outsourcing. Also see – Obama’s Top Money Man Was In Charge of Bain Capital During GST Steel Layoffs – LINK. Here we have an outstanding piece of journalism from Phil Klein at the Washington Examiner: President Obama has accused Mitt Romney of raking in profits from investing … Continue reading Obama invested heavily with outsourcers, after accusing Romney of doing the same… →
Attacking the few companies that Bain Capital invested in that had to do some outsourcing to survive is the Obama Administration’s attack plan against Mitt Romney. But after setting up a jobs program for illegal aliens you would think that the hypocrisy from the Obama Campaign could not get much thicker; we thought that too … Continue reading The head of Barack Obama’s “Jobs Council”, is moving even more jobs and infrastructure to China →
It is probably true. It is no secret that doing business in the United States is very expensive and more risky because of government meddling. There are lots of companies that in order to survive had to leave and that is not Mitt’s fault. Remember how many Heinz plants the Kerry’s moved overseas? The only … Continue reading WashPo: Bain helped send jobs overseas →
GE who owned MSNBC, has lucrative government contracts and whose CEO was appointed to a position in the White House utilized our 60,000 page tax code again, which is filled with cronyism and special favors. The taxes Democrats propose to “soak the rich” always seem to miss those who they demagogue for not paying their … Continue reading White House Connected GE Pays No Tax on $14 Billion ….Again! →
And indeed it is perfectly legal. This is what you get when you have a 60,000 page tax code filled with loopholes (some justified some not), favors, cronyism and every incentive there can be to make money overseas instead of at home because we have the highest corporate tax rate in the world. So how … Continue reading GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits (Again) →
Notice Buckley said Canada as well as Mexico. Canada is in the process if lowering its corporate income tax to 16.5% (the USA is 35%). Canada is in the midst of a free-market awakening and wealth is flocking to Canada. They are slowly privatizing their health care system and streamlining their regulatory structure. Canada has realized that … Continue reading 3M CEO: Obama is anti-business →
Obama ally Google paid 2.4% federal tax earlier and threw gala events for Democrats while President Obama blasted the Chamber of Commerce as greedy for not wanting small businesses to pay a 39.9% tax. Weekly Standard: General Electric paid no American taxes in 2010, the New York Times reports: The company reported worldwide profits of $14.2 … Continue reading Obama’s Favorite CEO: GE Paid No Taxes in 2010 Despite Making $14.2 Billion in Profits →
Wow, Geithner is spinning hard. 3% of businesses. Most businesses are on paper or are 1-2 man operations. Small businesses used to do almost 80% of the hiring in this country, now it is only 64%. The tax he wants will affect most businesses who actually hire. That is the point he is so desperate … Continue reading Obama’s Treasury Secretary Tim Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’ (video) →
There is spin, most politicians do it, but then there is “gimme a break” when they say something so tone deaf it’s off the charts stupid. Of course this isn’t a good thing. It only took Democrats seven months to put us right back into the economic malaise of Jimmy Carter. Jimmy Carter had “stagflation.” … Continue reading Americans Spending Extra $175/month on Basics. Heating Bills Will Skyrocket. Biden Admin: “It’s A Good Thing” →
Niall Ferguson, MA, D.Phil., is Laurence A. Tisch Professor of History at Harvard University. He is also a Senior Fellow at the Hoover Institution, Stanford University, and a Senior Research Fellow at Jesus College, Oxford. His books include Paper and Iron: Hamburg Business and German Politics in the Era of Inflation 1897-1927 (1993), Virtual History: … Continue reading Prof. Niall Ferguson: Obama’s Gotta Go →
But when there was a tiny uptick in Chevy Volt sales in June the elite media was ecstatic. NewsBusters: The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.” And the Press is acting as his stenographers. An epitome of this bailout nightmare mess is the electric absurdity that is … Continue reading Chevy Volt Costs Tax Payers $250,000 Per Car, Low Sales, Huge Losses; Elite Media Silent →
We love Robert Reich, one of the worst economists ever. He will say anything for political reasons and claim that it is economic science. The truth is that one has to forget a great deal of macro-economics to come up with the obvious nonsense he does. But why do we love him, because sometimes he … Continue reading George Will Takes Robert Reich to School on Insurance Companies and Progressivism →
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