By Rebekah Rast — Remember back in 2010, when House Minority Leader Nancy Pelosi claimed that unemployment benefits create jobs faster than most any other program? To jog your memory, Pelosi said : “It injects demand into the economy.  It creates jobs faster than almost any other […]

By Bill Wilson — Despite higher-than-expected inventories giving the Gross Domestic Product (GDP) a seeming boost in the third quarter — being revised upward to 2.7 percent even as consumer spending was revised down — it may still be premature to pop the bottle of champagne. Average […]

By Bill Wilson — In the past 30 years, the national debt has increased 1,328 percent from $1.1 trillion to $16.3 trillion. From 1952 to 1982, it nearly quadrupled, from about $250 billion to $1 trillion. And from its 1922 level of $23 billion, it increased by […]

By Patrick J. Buchanan — Were the average Republican asked for a succinct statement of his views on taxation, he or she might respond thus: “U.S. tax rates are too high for the world we must compete in. The tax burden – federal, state, local, […]

By Rick Manning — Republicans in the House of Representatives have chosen as a new chairperson for their Conference, Cathy McMorris-Rodgers from Washington State.  McMorris-Rodgers is now the fourth-ranking Republican in the House. McMorris-Rodgers, who was mentioned as a possible vice presidential choice for Mitt Romney, ascended […]

By Bill Wilson — “[T]he only thing that’s worse than cutting national defense is not having any scheduled cuts at all take place.” That’s how Rep. Jim  Jordan, chairman of the House Republican Study Committee, put it recently, in defense of $109 billion of reductions to budget […]

By Bill Wilson — The ultimate leverage in the game of chicken now being played in the upcoming fiscal cliff is who will get blamed politically if everyone’s taxes go up at year’s end. Because, unless House Republicans can come to some sort of an arrangement with […]

By Bill Wilson — Let the happy talk begin. It did not take long after Barack Obama’s reelection for financial pundits to begin forecasting a miraculous economic recovery in his second term. Take Financial Times U.S. economics editor Robin Harding, who proclaims that “The headwinds that buffeted Mr. Obama’s first term — financial crisis, falling house prices, and […]

A Las Vegas company has laid off 22 employees in the aftermath of Obama’s victory Tuesday night. The reason for the layoffs? The tax burden and regulations from Obamacare: “I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I […]

By Robert Romano — Now that the Nov. 6 reelection of Barack Obama is in the books, all eyes now turn toward the fiscal cliff that looms at year’s end. Barack Obama need only do nothing, and everyone’s taxes will go up on Jan. 1. Specifically, personal […]