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 ‘Economy’ 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…
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…
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,…
It’s the Oil, Stupid
To borrow a line from James Carville, it’s the oil, stupid. Much of the commentary on the Egyptian uprising has failed to address the underlying strategic issue for United States foreign policy: our dependence on Middle Eastern oil. It is our continued dependence on Middle Eastern crude oil that compels Washington to remain deeply engaged in a region which, according to poll after poll, is rabidly anti-American.
Relative to other states in the region, Egypt is not a major oil exporter. But Egypt has been a stable ally of the U.S. in a turbulent region for the last thirty years. Egypt fought alongside U.S. forces during the Gulf War and has honored its peace treaty with Israel, thus preventing another major…
In Defense of Mitch Daniels
God Bless them both but Rush Limbaugh and Mark Levin are dead wrong on Governor Mitch Daniels. I’ve listened to Rush for almost a decade and Levin for several years now, and I enjoy them both but their commentary on the Indiana governor is counterproductive for conservatives and is based more on a knee-jerk reflex than an evidentiary claims. What is more, they’ve lost sight of the critical question for conservatives as we approach the 2012 presidential election: who is the most conservative candidate with the most viable path to 270?
For whatever reason, the talk radio giants have elected to mischaracterize Mitch Daniels’s record when it comes to the “social issues,” seizing on Daniels’s “truce” comment from last year. Sound bites aside, as Indiana blogger Josh Gillespie…