Category Archives: Economy

Tim Geithner says The Rich Need to Pay Higher Taxes for the Privilege of Being an American

Wow!  Is this guy nuts, or what?  Listen for yourself.  I know this guy is smart,  but quit the scare tactics already.  We can make cuts to things other than old people and whatever other crazy thing he said.  I’m sick, sick, sick of the Obama administration claiming that Conservatives and Republicans just want to cut things for seniors and national security.  I can think of plenty of things to cut before I even touch anything else and I would sure reform entitlements.  Come on, get a clue.  How can people believe this dreck?

Listen for yourself:

» A Budget Proposal Endorsed by Jesus Christ…Or Robin Hood? – Big Government

» A Budget Proposal Endorsed by Jesus Christ…Or Robin Hood? – Big Government

via Big Government:

Taking a break from His busy schedule as the world’s savior and redeemer, Jesus Christ found time two weeks ago to immerse himself in United States Presidential politics, endorsing Obama’s tax plan on wealthy earners. Or at least the President believes he did. At the National Prayer Breakfast, he invoked the Christian savior in order to sell his tax reform plan to a more religious audience, saying, “For me as a Christian, it also coincides with Jesus’ teaching that for unto whom much is given, much shall be required.”

Taking a break from His busy schedule as the world’s savior and redeemer, Jesus Christ found time two weeks ago to immerse himself in United States Presidential politics, endorsing Obama’s tax plan on wealthy earners. Or at least the President believes he did. At the National Prayer Breakfast, he invoked the Christian savior in order to sell his tax reform plan to a more religious audience, saying, “For me as a Christian, it also coincides with Jesus’ teaching that for unto whom much is given, much shall be required.”

See the entire article at  Big Government .

Yes, Rachel Maddow, Scott Walker Balanced Wisconsin Budget Without Raising Taxes | NewsBusters.org

Yes, Rachel Maddow, Scott Walker Balanced Wisconsin Budget Without Raising Taxes | NewsBusters.org

More pronouncements of so-called truth from Rachel Maddow.  Does anyone check her facts, or do they just make them up as they go along?  Does she actually understand how state budgets work, or does she just go with the Union’s talking points?  They’re determined to run him out of office just because he wants to govern differently than they would demand.  

Let’s see if what he’s doing works first, or is that too much for Progressives like Maddow to understand?  Plus I just can’t stand her grating tone when she makes her pronouncements, or when she just talks. 

I think what’s most irritating is her complete confidence that she is always right and she knows more than the rest of the little people.

via NewsBusters:

Liberals love to harp on what they perceive as Republican failure. What they truly loathe is Republican success.
A fine example of this predictable dynamic can be seen in MSNBC’s febrile coverage of Wisconsin Gov. Scott Walker and his efforts to turn around the Badger State’s disastrous finances. 

Although I truly can’t stand the sound of her voice or the tenor of her show, here’s what she said Wednesday night.

http://www.mrctv.org/embed/110186

via NewsBusters:

Turns out, Maddow’s “obsessive” devotion to accuracy has lapsed yet again. That $143 million shortfall is projected for the end of fiscal 2013; Wisconsin runs on two-year budget cycles. But this doesn’t keep the state from tracking where its finances stand at any given time and — you guessed it — Wisconsin currently boasts a surplus.

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

Tyler Durden's picture

Submitted by Tyler Durden on 02/03/2012 08:51

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

Chart below shows it all – that jump is not a fat finger!

And Labor Force Participation:

This is the largest absolute jump in ‘Persons Not In Labor Force’ on record…and biggest percentage jump in 30 years.

Chart: Bloomberg