It’s a bold move–laughing about a $1 trillion spending policy that didn’t work while the national debt exceeds $14 trillion and 14 million Americans are unemployed.
http://youtu.be/OvnAE8olUxU
Archive for the ‘American Politics’ Category
Crossroads GPS: Shovel Ready
It’s the Oil, Stupid – Part II
Oil prices jumped 8.5% today as the popular uprisings in Libya continued. This is exactly what I was talking about last week in my post, “It’s the Oil, Stupid.” Instability creates uncertainty and uncertainty drives up oil prices. Because we’re slaves to Middle Eastern crude oil, Washington has to cow-tow to two-bit dictators and the price-fixing cartel OPEC. This is a choice, though. When we get serious about energy independence we can fundamentally change this dynamic. Unfortunately, as I noted last week, “The Obama administration has declared war on the coal industry through its proposed cap-and-trade legislation (and likely forthcoming EPA regulations); the licensing process for building new nuclear power plants has not been accelerated and the administration refuses to grant additional offshore drilling…
Eric Cantor Continues to Draw Ire of Conservatives
Great piece from Erick Erickson at Red State aptly titled, “Eric Cantor’s Failure of Leadership.”
Huckabee Declines to Take Shot At Daniels
Via Tim Alberta at the National Journal:
Former Arkansas Gov. Mike Huckabee (R) doesn’t like the idea of Republicans calling a “truce” on social issues to focus on fixing the economy — but that doesn’t mean he’s eager to take on the man pushing that message, Indiana Gov. Mitch Daniels (R).
“I’m a fan of Mitch Daniels,” Huckabee said on a conference call with reporters Monday, adding that Daniels has “an extraordinary skill set not only to be governor but to be president.”
Huckabee was speaking with reporters one day before the release of his book, “A Simple Government,” in which he writes: “I’ve been criticized many times for talking so much about ‘social issues’ when the real issue now, according to…
Does Eric Cantor Want a Third Party?
The Republican Party doesn’t want the Tea Party movement to spin off and form its own political party. At the presidential level, this would be a disaster, at least in the near-term. However, this is becoming an increasingly greater possibility as elected Republicans in the 112th Congress shrink from their responsibilities, as House Majority Leader Eric Cantor recently did when he, along with 91 other Republicans, voted against the Jordan amendment to cut $100 billion in federal spending.
$100 billion is a drop in the bucket. We have no money. I thought the message of the November 2010 elections was crystal clear: cut federal spending. This message seems lost on many in GOP leadership positions. What we expect are deep cuts and bold proposals. Rand Paul…
Cantor and 91 Other House Republicans Cower from Spending Cuts
As Adam Bitely from NetRightDaily.com reported, 92 House Republicans voted against Republican Study Committee Chairman Jim Jordan’s amendment to the Continuing Resolution which would have cut nearly $100 billion in spending. Among those voting against the spending cuts were House Majority Leader Eric Cantor and Majority Whip Kevin McCarthy. The real conservatives in Republican leadership positions, Budget Committee Chairman Paul Ryan and Republican Caucus Chairman Jeb Hensarling, voted in favor of the amendment.
Either you’re serious about cutting spending or you’re not. Despite his tough talk, Cantor let down the voters of Virginia. We have no money. We’re broke. This isn’t the first time that Cantor has failed voters. In 2009, Cantor and 84 other Republicans voted to support the unconstitutional AIG bonus tax. These…
Book Giveaway and Review: “The Dollar Meltdown” by Charles Goyette
The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments
by Charles Goyette
Penguin (October 26, 2010) 272 pages. List Price: $17.00 Amazon Price: $11.56
Charles Goyette has made an important contribution to the conservative and investment literature by distilling complicated economic and financial matters into an easily digestible volume. This is a must-read for conservatives and personal investors in search of a better understanding of a host of economic and financial topics including: the federal bailouts, the national debt, monetary policy and the Federal Reserve, inflation, and the role of gold in currency valuation throughout history.
The author’s thesis is simple: America’s massive national debt, coupled with reckless intrusions by government regulators,…