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Latest Articles: United States News
The Good News in Wisconsin That the Media Isn’t Covering
Post Date: 2011-06-10 22:36:37 by Ferret Mike
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Members of the Wisconsin Education Association Council rally outside the Wisconsin state capitol on Sunday in "Walkerville," a tent city set up in opposition to Gov. Scott Walker. (Photo by Wisconsin Education Association Council ) This week in Madison, Wis., has seen the largest protests since a "budget repair bill" virtually outlawing collective bargaining proposed by Gov. Scott Walker inspired an occupation of the state capitol building and massive street protests this past winter. Now, thousands are protesting Governor’s Walker drastic cuts to the social safety net and workers’ rights, contained in his 2011-2013 budgets. The budget would cut education ...
Pawlenty To Give Richest a $1.4 Million Tax Cut
Post Date: 2011-06-10 22:20:12 by go65
4 Comments
The top 0.1 percent of U.S. taxpayers would save an average of $1.4 million in taxes under the economic plan of Republican presidential candidate Tim Pawlenty, according to an independent analysis. Pawlenty’s $11.6 trillion tax-cut plan, which reduces rates on income, capital gains, interest, estates and dividends, is almost three times larger than the proposals endorsed by House Republicans. Compared with current tax policy, 63.6 percent of U.S. households would receive a tax cut, with most of the remainder experiencing no change. Almost half of the benefits would flow to taxpayers in the top 1 percent of income distribution, or those earning more than $593,011 in 2013. ...
Deregulation Not to Blame for Financial Woes
Post Date: 2011-06-10 21:44:39 by no gnu taxes
5 Comments
Barack Obama's claim that the financial crisis is due to Republican deregulation depends on ignoring several important facts. The Democrats are wrong in claiming that financial services deregulation is to blame for the current financial crisis--if anything, the financial sector has seen increased regulation since the savings and loan collapse in the 1980s. The lax supervision of Fannie Mae and Freddie Mac, which Republicans sought to strengthen in 2005, is the true culprit of this financial crisis. In the debate on September 26, Democratic presidential nominee Barack Obama argued that the current crisis in the financial markets is the result of Republican deregulation. The ...
More Blame Wars than Domestic Spending or Tax Cuts for Nation's Debt
Post Date: 2011-06-10 13:50:07 by Brian S
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Far more Americans say that the cost of the wars in Iraq and Afghanistan has contributed a great deal to the nation's debt than say that about increased domestic spending or the tax cuts enacted over the past decade. Six-in-ten (60%) say the cost of the wars in Iraq and Afghanistan has contributed a great deal to the size of the debt. About four-in-ten (42%) say the same about the condition of the national economy. By comparison, just 24% say increased spending on domestic problems has contributed greatly to the nation's debt and even fewer (19%) cite the tax cuts enacted over the past decade. While half or more say spending and the tax cuts contributed at least a fair amount to the ...
The U.S. Economy - Obama Made It Worse (The abyssmal failure of Kenyanesian economics)
Post Date: 2011-06-10 11:13:04 by no gnu taxes
1 Comments
Recent Economic Indicators, including the June 3rd monthly jobs report showing weak job growth and a still rising unemployment rate, seem to confirm that Obama's (and Bernanke's / Geithner's) economic policies (stimulus, Kenyancare, energy, jobs, taxes, regulation, etc.) are not working while plunging the nation into crushing debt that likely can never be repaid. This weekend there are a slew of well reasoned articles on the topic, the general theme being "Obama has made things worse". It can be pointed out that Obama did inherit serious problems. He inherited financial collapse, deficits and debt. He inherited a broken political culture. These things weren't ...
Happy 10th Birthday, Bush Tax Cuts! You've been a failure in every conceivable way [Full Thread]
Post Date: 2011-06-10 10:59:53 by go65
143 Comments
Unfortunately, the tax cuts never translated into robust economic growth, either. Indeed, the aughts saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year, lower than in any other postwar business cycle. The contrast is starker still when judging against the previous decade. In real terms, GDP grew half as much from 2001 to 2010 as from 1991 to 2000. Click for Full Text!
Jersey Guy Trails the President: But Then, So Does Everyone Else
Post Date: 2011-06-10 10:57:45 by go65
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Visits to or from Iowa notwithstanding, New Jersey’s Gov. Chris Christie does not stack up as well against President Barack Obama now as he did just a few months ago. In a head-to-head match-up against Obama, Christie trails 34%-50%, a backslide from 40%-46% measured in March, according to a new national poll of registered voters by Fairleigh Dickinson University’s PublicMind™. The president’s approval rating is slightly positive, 47%-45%, an improvement from a negative 44%-48% during his previous trial heat with Chris Christie in March. Meanwhile, Christie’s approval back home in New Jersey took a turn for the worse, declining to 44%-44% (reported here May 24) ...
Is Permanent Recession the New Normal? (The Obama Depression) (The economic solution is known, but it cannot be implemented until there's a Republican president and a Republican Congress)
Post Date: 2011-06-10 10:32:01 by no gnu taxes
14 Comments
It really is a Great Recession now. You have to be around 90 to even remember an economy like this. The United States has not experienced two straight years of 9% unemployment since before the Second World War. As Amity Shales wrote in The Forgotten Man, it was the duration of the economic collapse which began in 1929, not its severity, which created the Great Depression. According to the Bureau of Labor Statistics, the United States has now had unemployment of 9%, give or take a couple tenths of a point, since May, 2009. The most recent figure, for May, 2011, is 9.1%. In a speech on Tuesday, Fed chairman Ben Bernanke essentially threw up his hands. He's right. The Keynesian ...
Class-action lawsuit ties VA to plight of homeless veterans
Post Date: 2011-06-10 07:50:32 by Ferret Mike
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The alleged failure of the Department of Veterans Affairs to provide stable housing to veterans suffering from severe cases of post-traumatic stress disorder or other mental disorders leaves many of them facing homelessness, according to a class-action lawsuit filed Wednesday in U.S. District Court in California. The lawsuit asks a federal judge to order the VA to use empty buildings on its sprawling West Los Angeles Medical Center campus to provide permanent supportive housing for a class of veterans who suffer from conditions that the plaintiffs argue require a stable home environment for successful treatment. Attorneys for the plaintiffs, who include several Los Angeles-area homeless ...
Virgil Goode could run -- for president?
Post Date: 2011-06-10 07:42:54 by Ferret Mike
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Virgil Goode has worn a number of labels through the years -- state senator, congressman, Democrat, independent, Republican -- but now he's considering trying on a new title: United States presidential candidate. At its April meeting in Harrisburg, Pa., the national executive committee of the Constitution Party passed a resolution urging Goode to seek its presidential nomination next year. Goode, who's been making speeches at Constitution Party meetings for two years, said he's thinking about it. "I will consider it as the year progresses," Goode said when reached at his Rocky Mount office Thursday. He said he was first invited to speak at a Constitution Party ...
A Nation of Government Dependents
Post Date: 2011-06-10 06:20:23 by CZ82
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A Nation of Government Dependents By Jerry Shenk Most of us are in some way dependent upon the central government. It's only ignorance of our dependency that permits many to deny it. American government, at least as older citizens know it, is nearly extinct. Politicians are killing it by encouraging governmental profligacy and dysfunction at the federal and state levels and in many local jurisdictions as well. But they are doing so with a complicit citizenry. It took several generations, but, in order to win and hold office, America's political class has encouraged unrealistic expectations among citizens by promising more than government can consistently and sustainably deliver. ...
Google keeps Les Paul doodle up for an extra day
Post Date: 2011-06-10 00:28:47 by go65
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The digital guitar that Google put up on his home page, to celebrate the 96th birthday of the country and jazz guitarist, songwriter and inventor Les Paul, will stay on for another day, Google informed in a Twitter post. Since Google said it is extending the doodle for US users only, users outside the US can continue to strum the Google Doodle guitar, by clicking on the "Go to Google.com" link on the country-specific Google pages. "Due to popular demand, we're leaving the Les Paul doodle up in the US for an extra day. Thanks for jamming with us!," a post on the official Google Twitter account said. Poster comment:: Go play: http://www.google.com Click for Full ...
Cain: Gun control should be a “state’s decision”
Post Date: 2011-06-09 21:27:45 by go65
2 Comments
BLITZER: How about gun control? CAIN: I support the 2nd amendment. B: So what’s the answer on gun control? C: The answer is I support, strongly support, the 2nd amendment. I don’t support onerous legislation that’s going to restrict people’s rights in order to be able to protect themselves as guaranteed by the 2nd amendment. B: Should states or local government be allowed to control guns, the gun situation, or should… C: Yes B: Yes? C: Yes. B: So the answer is yes? C: The answer is yes, that should be a state’s decision.
75 Percent of American Voters Support Voter ID Law
Post Date: 2011-06-09 18:31:18 by CZ82
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75 Percent of American Voters Support Voter ID Law Alana Goodman 06.09.2011 - 2:27 PM A new Rasmussen poll out today found that 75 percent of respondents support a law requiring voters to show ID at the polls. Or, as DNC chair Debbie Wasserman Schultz recently put it, a law that would “drag us all the way back to the Jim Crow” era. A new Rasmussen Reports national telephone survey finds that 75% of Likely U.S. Voters believe voters should be required to show photo identification such as a driver’s license before being allowed to vote. Just 18% disagree and oppose such a requirement. Eighty-five percent (85%) of Republicans support a photo ID requirement at the polls, as ...
Gingrich's campaign manager, other aides resign
Post Date: 2011-06-09 15:37:21 by go65
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WASHINGTON – Newt Gingrich's campaign manager and numerous other key aides have resigned together, a strong blow to his hopes for the Republican presidential nomination. Ginrgrich press spokesman Rick Tyler told The Associated Press that he's resigned along with campaign manager Rob Johnson, senior strategists and aides in key early primary states.
This is why the economy is not recovering [Full Thread]
Post Date: 2011-06-09 14:58:06 by no gnu taxes
43 Comments
Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data. Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group. [Check out a roundup of political cartoons on energy policy.] “Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes ...
Survey Shows Americans' Conflicted Abortion Views
Post Date: 2011-06-09 11:45:05 by Brian S
6 Comments
(06-09) 07:26 PDT New York (AP) -- Americans, regardless of generation, are deeply conflicted as they wrestle with the legality and morality of abortion, with a substantial majority identifying themselves as both "pro-choice" and "pro-life," according to a sweeping new survey. While a solid majority — 56 percent — says abortion should be legal in most or all cases, 52 percent say abortion is morally wrong. The detailed and nuanced findings were released Thursday by the Public Religion Research Institute, based on a survey of 3,000 adults — one of the largest ever to focus on Americans' views of abortion. The survey devoted particular attention to ...
Poll: Obama Tops All Leading Republicans By Wide Margin
Post Date: 2011-06-09 11:40:30 by Brian S
2 Comments
Obama's approval rating inched up 1 percentage point from May to 50 percent but the number of Americans who believe the country is on the wrong track also rose as pricier gasoline, persistently high unemployment and a weak housing market chipped away at public confidence. Obama leads all potential Republican challengers by double-digit margins, the poll showed. He is ahead of his closest Republican rival, former Massachusetts governorMitt Romney, by 13 percentage points -- 51 percent to 38 percent. "Obama's position has gotten a little stronger over the last couple of months as the public mood has evened out, and as an incumbent he has some big advantages over his ...
One Week After Obama Mentions Restaurant In One Of His “Success Stories”, It Goes Out Of Business
Post Date: 2011-06-09 11:37:18 by no gnu taxes
14 Comments
An Ohio restaurant mentioned last week by President Barack Obama as an indirect beneficiary of the government’s Chrysler bailout will go out of business Sunday after a more than 70-year history. An Ohio restaurant mentioned last week by President Barack Obama as an indirect beneficiary of the government's Chrysler bailout will go out of business Sunday after a more than 70-year history. Co-owner Richard Lawrence of New Chet's Restaurant in Toledo says business has fallen victim to the economy and the workplace smoking ban approved by Ohio voters in 2006. He told The Blade newspaper of Toledo on Wednesday that auto industry cutbacks also hurt. Lawrence says he used to deliver ...
Black Power Wanes Amid Rising Hispanic Economic Clout in U.S.
Post Date: 2011-06-09 11:34:12 by Brian S
1 Comments
June 9 (Bloomberg) -- U.S. Representative Danny Davis sits in his west side congressional office, long ago the headquarters of Sears Roebuck & Co., and watches black Chicago slip away. The third-largest U.S. city lost 17 percent of its black population -- 181,000 people -- in the past decade, according to the Census Bureau. In their place, Hispanics gained 25,000, or 3.3 percent. To explain the seismic shift those numbers represent in economic and political power, Davis drew on the words of Chicago blues legend Buddy Guy. “While you’re steppin’ out, somebody else is steppin’ in,” said Davis, 69, an eight-term congressman and pillar of Chicago’s black ...
Herman Cain To CBS News: Being A Faggot Is ‘A Sin’ And ‘A Choice’
Post Date: 2011-06-09 11:22:02 by no gnu taxes
8 Comments
In an interview Wednesday with CBS News, Republican presidential candidate Herman Cain described homosexuality as “a sin” and “a choice.” Appearing on the CBS News web program Washington Unplugged, Cain told CBSNews.com senior political reporter Brian Montopoli “I believe homosexuality is a sin because I’m a Bible-believing Christian, I believe it’s a sin,” he said. “But I know that some people make that choice. That’s their choice.” Montopoli followed up, asking Cain if he thought gays and lesbians were making “a choice” to be homosexual: Cain was asked: “So you believe it’s a choice?” “I believe it is ...
Projected State Deficit Shadows Pawlenty's Bid
Post Date: 2011-06-09 10:29:24 by go65
1 Comments
A projected, multibillion-dollar deficit in Minnesota, where Tim Pawlenty was governor until recently, has begun to nag at Mr. Pawlenty's presidential candidacy and his quest to assume the mantle of fiscal "truth teller." At a speech last week at the Cato Institute designed to showcase his fiscal rectitude, Mr. Pawlenty brought up the issue himself, defending his record in response to a question on Medicare from the audience. The projected-deficit issue followed him to a debate in South Carolina and to television interviews last week that preceded his formal entry into the presidential race. Mr. Pawlenty balanced each two-year state budget when he was governor, and he left ...
Tim Pawlenty’s dubious economic assertions
Post Date: 2011-06-09 10:24:57 by go65
3 Comments
“Cutting just 1 percent of overall federal spending for six consecutive years would balance the federal budget by 2017.” — Former Minnesota governor Tim Pawlenty (R), June 7, 2011 Tim Pawlenty delivered on Tuesday what was billed a major economic speech, in an apparent effort to burnish his free-market credentials in the race for the GOP presidential nomination. Speaking at the University of Chicago, the former Minnesota governor called for huge cuts in taxes — no income taxes at all for couples making less than $100,000 and no capital gains, dividend or estate taxes. At the same time, he called for cuts in government spending and a goal of achieving 5 percent growth ...
The House GOP Plan for Job Creation
Post Date: 2011-06-09 09:12:54 by no gnu taxes
9 Comments
For too long, the American people have been asking “Where are the jobs?” Unfortunately, the 13.9 million unemployed Americans have been ignored by the President and Democrats in Washington. Higher taxes, record spending, and bigger government has failed to create jobs or boost economic growth. Put simply, this economy is growing too slowly to replace the millions of jobs that have been lost. GDP growth in the first quarter of 2011 fell to 1.8 percent, down from 3.1 percent in the last quarter of 2010—this is the slowest economic growth since the second quarter of 2010. The failure of the President’s runaway spending, deficits, and debt is being felt by every family ...
Obama approval rating drops as fears of depression rise
Post Date: 2011-06-09 08:47:20 by no gnu taxes
20 Comments
President Barack Obama's overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll. A CNN/Opinion Research Corporation poll released Wednesday also indicate that the economy overall remains issue number one to voters, with other economic issues - unemployment, gas prices and the federal deficit - taking three of the remaining four spots in the top five. Forty-eight percent of people questioned say they approve of how the president is handling his duties in the White House, down six points from late May. An equal 48 percent say ...
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