Robert Reich: Stimulate Economy With 90% Tax On Top Earners
Can you imagine what would happen to the economy if top wage earners were taxed at 70 to 90 percent?Former Clinton Labor Secretary Robert Reich can, and he thinks it's a great idea.To be sure, many Americans were concerned that giving Democrats control of the executive and legislative branches of our government during an economic crisis could usher back in socialist tendencies first seen in this…
9.5% Unemployment and Chris Matthews Doesn't Get Why People Miss Bush
Despite unemployment at 9.5 percent and millions of people having lost their jobs since Barack Obama was elected, Chris Matthews just doesn't understand why anyone would miss George W. Bush.Without naming this week's PPP poll finding Ohioans would vote for Bush over Obama by the tally of 50 to 42 percent if a presidential election was held today, Matthews in the first segment of "Hardball" asked…
CNBC's Najarian: Drilling Moratorium 'Shows a Tone-Deafness From This
With a 9.6 percent unemployment rate overall in the United States and unemployment rates showing an uptick in states on the Gulf of Mexico that allow offshore oil drilling, one has to wonder what the Obama administration is thinking its Draconian wide-sweeping moratorium halting deepwater drilling in the Gulf after the BP oil spill. While environmentalists are using today's explosion on a oil…
NYT's Brooks Bashes Obamanomics, Praises Germany's Far More Successful
On the same day the Commerce Department dramatically revised down second quarter Gross Domestic Product estimates, New York Times columnist David Brooks published a stinging rebuke of Obama economic policies."The American stimulus package was supposed to create a 'summer of recovery,' according to Obama administration officials," wrote Brooks. "Job growth was supposed to be surging at up to 500,…
ABC Hides Identity of Liberal Activist Advocating for More Government
Good Morning America's Bianna Golodryga on Sunday featured a liberal activist arguing for more government intervention in the form of paid time off laws and "affordable" child care. The ABC host never identified Kristin Rowe-Finkbeiner's ideology or the fact that she's a Huffington Post contributor. Instead, Golodryga fretted about "bias" against women who have children. The Rowe-Finkbeiner…
CBS: Gulf Oil Spill An 'Opportunity' to Push Green Energy on 'Power-Hu
At the top of CBS's Sunday Morning, host Charles Osgood proclaimed: "From sky-high air-conditioning bills to gasoline-fueled vacations in the car, there's nothing like summer to remind us that we Americans are power hungry." In the story that followed later, correspondent Seth Doane declared: "In the wake of the Gulf oil disaster, calls for cleaner, greener energy, are growing louder." Doane…
WaPo's Frank Ahrens Suggests Krugman, Kudlow as Potential Romer Replac
Paul Krugman and Larry Kudlow - not exactly two guys you would associate with one another. However, they are two media figures Washington Post columnist Frank Ahrens thinks should be candidates for the same job. In his Aug. 15 column, Ahrens wrote about some of the people that should replace outgoing chair of the White House Council of Economic Advisers Christina Romer. He named several…
Cramer: Democrats, Not Fed Policy, to Blame for Economic Malaise
Surprise - the Federal Reserve announced it will keep the Fed funds rate between zero and 0.25 percent. OK - it's not really much of a surprise. However, Federal Reserve Chairman Ben Bernanke has responded to the slowing economic recovery with restraint, not tinkering with interest rates and showing a continued willingness to buy mortgage-backed securities and long-term Treasury bonds. And that…
More Unexpected Economic News, But Only If You’re an Economist in D
Bad economic news just keeps piling up. Today, the news about jobless claims from the AP:Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had…
Jack Cafferty Rips the Bureaucratic 'Obama-nation' Created by ObamaCar
On Tuesday's Situation Room, CNN's Jack Cafferty used the term "Obama-nation," a pun on the word "abomination," which is used on many conservative blogs, to slam the "sprawling bureaucratic giant...that seems to be the result of President Obama's new health care law." Cafferty admitted during his commentary that ObamaCare is "shaping up to be exactly what the critics were afraid it would be."The…
SEC Claims Information Opacity, But Media No Longer So Concerned With
It seems that not even the truth can possibly overturn the narrative that President Obama and the Democrats in Congress have brought transparency to Washington.Last Wednesday I wrote about how the Dodd-Frank financial regulatory bill Obama signed into law last month contains a provision exempting the Securities and Exchange Commission from Freedom of Information Act requests. Such an exemption…
Right Online, Vegas: Thoughts on the Conservative Movement
What a fine group of happy warriors! Right Online 2010 turned out over 1,000 like-minded activists from over 30 states. These passionate folks walked the over-100 degree streets of Las Vegas to educate voters that November Is Coming.Should the Democrats be worried? No. They should be resigned. The real worry-warts should be Republicans consistently intent on selling out their principles. Be…
Why Does Robert Redford Keep Making Stuff Up to Kill Working-Class Job
On June 24, 2010, I had a post on BigHollywood that examined Robert Redford’s asinine statements about the Gulf Oil Spill. From his support of a drilling moratorium to the fact that he literally blamed the spill on Dick Cheney to the way he expected George W. Bush to respond instantly to Katrina, while making excuses for President Obama’s slow response to the BP disaster, his words were…
