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Obamanomics Tag

Posted by William A. Jacobson on February 17, 2010 9 Comments

Barack Obama is claiming credit for "saving" the economy from a full-blown depression based on passage of the stimulus plan.As with most Obama claims of success, Obama simply is exhibiting his prowess at using strawman arguments.Obama compares where the economy is now, versus where the...

Posted by William A. Jacobson on February 03, 2010 7 Comments

This exchange between Blanche Lincoln (D-Ark) and Barack Obama reflects just how clueless Obama is about the mood in this country and the damage his ideological intransigence is doing to his own party. As reported by The Hill:She also took a swipe at Obama's White...

Posted by William A. Jacobson on February 02, 2010 6 Comments

Understandably, the raw numbers in Obama's budget -- both deficits and taxes -- are receiving huge attention.There is another aspect which makes the raw numbers even more pernicious. Many of the new tax increases are a function of the taxpayer's overall income, such as caps...

Posted by William A. Jacobson on February 02, 2010 7 Comments

Mission almost accomplished. Fail to the Chief: Even with tax hikes and spending cuts, Mr. Obama's budget foresees a record budget deficit of $1.6 trillion this fiscal year, sliding down to $706 billion in red ink by 2014, only to begin rising again as the...

Posted by William A. Jacobson on February 01, 2010 29 Comments

Raising tax rates on high income earners is the key to the Obama way, both during the campaign and in his latest budget and tax proposals. Taxing the wealthy, or rather, taxing those making over $250k a year, is the gospel according to Obama.Obama is...

Posted by William A. Jacobson on January 26, 2010 1 Comment

The American Recovery and Reinvestment Act of 2009 (ARRA), commonly called the Stimulus Plan, is widely discredited as having done little to stimulate private sector job growth.But one thing the Stimulus Plan has created is long-term deficits. The Congressional Budget Office just released a budget...

Posted by William A. Jacobson on January 26, 2010 7 Comments

Look who is asking, Who Is Barack Obama?Americans are still looking for the answer, and if they don’t get it soon — or if they don’t like the answer — the president’s current political problems will look like a walk in the park...

Posted by William A. Jacobson on January 25, 2010 9 Comments

The transparency President is now the President who feels your pain.According to the NY Times, in the State of the Union address Obama will unveil some highly targeted tax credits aimed at families, and some caps on student loan repayments: By focusing on what one...

Posted by William A. Jacobson on January 01, 2010 5 Comments

As I posted earlier, the key elements in "green" technology are rare metals mined mostly in China. The green economy envisioned by the Obama administration as the means by which we will grow "green jobs" and lessen our dependence on foreign oil in fact simply...

Posted by William A. Jacobson on December 05, 2009 3 Comments

Barack Obama has changed his plans and now will be attending the last day of the Copenhagen climate change conference, which is viewed as a significant signal that some sort of "deal" may be in the offing:A couple of hours ago, the Obama administration announced...

Posted by William A. Jacobson on November 28, 2009 7 Comments

Politico is fast replacing The New York Times as my favorite source of screen shots. Of course, nothing yet approaches the NY Times' Nude Swiss Hikers screen shot, but give the new media time. For now, be satisfied with this ultra-obvious Politico headline: While...

Posted by William A. Jacobson on November 11, 2009 8 Comments

Is it possible to pay more than 100% of your last dollar of income in taxes? And if it were, would you bother to earn that last dollar?Herein lies the key to how Democrats will obtain a permanent, economically-enslaved majority if universal income-based health care...

Posted by William A. Jacobson on November 06, 2009 2 Comments

It is not good for any President when bloody World War II analogies are all that supportive columnists and bloggers can muster in defense of your inability to get things done:Paul Krugman: Obama as Anzio. "Allied forces landed far behind enemy lines, catching their opponents...

Posted by William A. Jacobson on November 06, 2009 4 Comments

Don't have much time this morning to comment further, but note the irony that today the jobless rate hit a 25-year high at 10.2%, and tomorrow night Democrats in the House of Representatives are planning to push through a health care restructuring bill that is...

Posted by William A. Jacobson on November 04, 2009 6 Comments

Last night was a great night for Democrats. At least if the only world you live in is the left-wing blogosphere.Democrats won the 23rd District in upstate NY by 4 points in a race torn apart by a liberal Republican mistake named Dede Scozzafava, who...

Posted by William A. Jacobson on October 24, 2009 6 Comments

The pre-weekend information dump included an announcement by the Federal Reserve and Treasury Department that the federal government proposes to extend its control over pay packages beyond financial institutions which received bailout funds.According to the press release, the government proposes to monitor and, if need...

Posted by William A. Jacobson on October 17, 2009 11 Comments

Barack Obama is on another "it's all Bush's fault" tear again. This time, using the tired campaign theme of cleaning up Bush's mess:Another way of putting it is when, you know, I'm busy and Nancy busy with our mop cleaning up somebody else’s mess –-...

Posted by William A. Jacobson on October 10, 2009 15 Comments

Karl Marx famously wrote that "history always repeats itself, the first time as tragedy, and the second as farce."Barack Obama has reversed these historical forces. With Obama, farce repeats itself as history.As a neophyte politician, Obama was elected to the Illinois State Senate when he...

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