Category Archives: Economy
Amen
The president bonded with students over college loans.
The Feds took over the student loan market in 2010. Now Obama wants Congress to keep interest rates low so students and their parents can more easily go into debt to pay tuition.
Tuition has increased faster than fuel prices.
So far Obama hasn’t insisted that college president fat cats be hauled before Congress.
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One and Out at Kentucky
The NBA didn’t accept the University of Kentucky basketball team as a franchise. But it did the next best thing. It accepted its players. All the starters.
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Clowns, Mind Readers, and Hookers
Jeff Neely took the fifth yesterday. He was appearing before a House Oversight Committee hearing regarding an $823,000 GSA conference in Las Vegas. Neely was the GSA Official in charge. Clowns, mind readers and commemorative coins were all part of the festivities.
According to Bloomberg, “the GSA manages property and purchases goods and services for other government agencies”. As far as we know that doesn’t include services for now famously frugal Secret Service agents in Caragena.
The Secret Service was in Cartagena while the president, in his words, scouted out vacation spots for Michelle.
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Fairness Doctrine
In a 2008 debate, Charlie Gibson asked Barack Obama if he would raise capital gains rates knowing it would cause a decrease in federal revenue. The Occupy White House candidate said,”yes”. Out of fairness.
The Buffet Rule is supposed to force all millionaires to pay a minimum 30% rate, but, according to IBD, the seven figure set could still shift their wealth to tax free municipal bonds.
Buffett Rule or not, the fattest fat cats still pay, by far, the most income taxes.
Bully in Chief
President Obama seems to be auditioning for a lead role in the documentary, Bully. He tried to intimidate the U.S. Supreme Court while flanked, in the Rose Garden, by Mexican President Calderon and Candadian Prime Minister Harper. The administration’s Fast and Furious “gun walking” program has contributed to mayhem and death in the Mexican Drug War, and Obama thumped Canada by blocking the Keystone pipeline.
It's Becoming a Pattern
For good measure he later lashed out at House Budget Chairman Paul Ryan, calling him a Social Darwinian. So there.
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