We get it, the last thing President Obama wants is to be blamed for is the nation’s growing debt—or anything else, actually. But the statute of limitations on blaming President George W. Bush for everything—anything—must have run out by now. On the debt in particular, it’s sort of a hard thing to avoid considering President Obama is the first president in history to preside over four years of deficits in excess of $1 trillion. But in the time honored tradition of the Obama Administration, Treasury Secretary Tim Geithner took to … More
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Brace yourself. In a mere 271 days, you and your fellow Americans will be hit with a tax hike the likes of which this country has never seen. The Washington Post aptly called the unprecedented $494 billion tax hike “Taxmageddon,” and Federal Reserve Chairman Ben Bernanke described it as a “massive fiscal cliff.” Whatever your preferred imagery, it’s a really big deal. Despite all the warnings, President Barack Obama has kept his silence while Congress has made no apparent effort to prevent this impending calamity to families and the economy. The prevailing … More
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In a recent speech in Kansas, President Obama launched a diatribe against “trickle-down” economic policies. Not only did President Obama mischaracterize conservative tax policy, but facts rebut his claim that these policies have been a failure. The President began by invoking his understanding of conservative economic philosophy: “If the winners do really well, then jobs and prosperity will eventually trickle down to everybody else.” “Trickle down” is of course a disingenuous misnomer invented by the left to stigmatize conservative supply-side economic policies. It implies favoring the rich—that doing so will … More
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