By Carole on Sep 2, 2011
Today President Barack Obama nixed his administration's plan to implement an environmental regulation that could have cost as much as $90 billion. Just days ago Speaker of the House John Boehner (R-Ohio) sent a letter to the White House asking that the administration calculate and release the economic impact of all 219 of its planned new regulations. Coincidence or proof that after two and a half years, the president's unaffordable, unsustainable and ridiculously naive plans for government are going up in smoke and the grown-ups are calling the shots?
By Carole on Aug 26, 2011
With nowhere to hide from the dismal results of his failed economic policies, President Barack Obama's 'Yes We Can" became "It could be worse." Today we found out it is. Contrary to previous estimates, the US economy grew at a meager 1 percent annual pace this spring a full year after what the administration promised would be Recovery Summer. We now stand perilously close to another recession.
By Carole on Aug 20, 2011
In his weekly radio address, President Barack Obama offered the same old list of what he calls "common sense ideas" followed by the same finger pointing at Congress for not implementing them. The problem is he's lying both about the sense most of these ideas make and that Congress, not his administration, is the reason the best of them has not been implemented.
By Carole on Aug 18, 2011
As President Barack Obama departs on his 10 day Matha's Vineyard vacation, let me first say that I do not begrudge he and his family some time away together and I believe that no matter where he may be the US president is 'always on the job'. But three things about this particular president and this specific vacation prove that, despite his occasional references in campaign speeches, he is completely oblivious to the real economic suffering most Americans currently endure.
By Carole on Aug 12, 2011
In May of 1980 Mount St. Helens erupted, The Empire Strikes Back premiered, the arcade game Pac-Man was released and it was the last time US consumer confidence was as low as it is today. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment was projected to dip slightly from 63.7 to 62 but it has plummeted to 54.9 - a level not seen since late in the term of President Jimmy Carter.