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Obamanomics Tag

The Congressional Budget Office has released its preliminary assessment of draft legislation to reform health insurance, and the picture is ugly. (h/t/ HotAir)Contrary to the claims by the Obama administration and Congressional Democrats that the reform will provide coverage for all Americans without busting the...

Although the Democratic health care reform proposal currently in Congress is not final, two key elements are emerging as to how the government will pay for the trillion dollar plus price tag: Taxing private insurance benefits, and cutting hundreds of billions in Medicare and Medicaid...

Visualizations seem to be multiplying under the Obama administration, because it is so hard to fathom just how fast and far Obama is planning to increase the national debt. Since trillion has become the new billion, it makes sense to visualize that the Obama debt...

Barack Obama is spinning his public health plan option today as just another way of helping preserve the private insurance system. According to Obama, the existence of a public plan will provide healthy competition for private insurers, and will not be the first step toward...

In a speech last February at Wake Forest University, columnist David Gergen "compared Obama’s ability to focus during difficult times to Tiger Woods’ ability to focus during a difficult golf match."Now this from the opening sentences of a lead NY Times article today:President Obama was...

Three card monte is a scam in which the sucker is led to believe he is following the winning card, when in fact the skillful dealer has distracted the sucker into following the wrong card. The sucker never wins.Right now, everyone's focus is on Obama's...

I did it because I'm entitled to burn a jet-load full of fuel, even though:I plan to cap industry's production of carbon emissions regardless of whether it destroys our global competitivenessMy carbon emission caps will cost consumers thousands of dollars per family in higher energy...

Obama knows that there is no way to pay for universal health care insurance coverage. He also knows that there is no way to borrow enough money for such coverage. The well is running dry on the national credit card.The solution: Cut health care costs...

The Financial Times reports that banks and other financial institutions which received TARP funds may not be allowed to repay the loans. Yes, that is correct:Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a...

Michele Bachmann, the conservative Republican Congressman from Minnesota, has gotten into the heads of the left-wing blogosphere. Yesterday was the completely phony attack on Bachmann's "armed and dangerous" comment, in which her metaphor for outrage was twisted into a supposed call to arms.Today brings another...

I have been waiting for this day, when one of the demonized executives at a bank or insurance company would tell Congress to "take this job and shove it." The person singing this song today is Jake DeSantis, an executive vice president of the American...

Note: This is a cross-post with Gay Patriot. I ask the question, they give the answer.---------------------------------------------------There is a peculiar, somewhat uniquely, Jewish phenomenon. It's called worrying about what is "bad for the Jews." Many have noted this phenomenon before, so I don't claim originality here.Groups...

The centerpiece of Obama's energy plan is "alternative" energy, such as wind and solar power. Tens of billions of dollars in the "stimulus" package go towards these technologies. The viability of Obama's energy plan is called into question by Royal Dutch Shell's announcement that...

Pawtucket, RI, is just north of Providence. Pawtucket (pronounced "p-tuk-et" to those in the know) is an old mill town which has huge economic problems (as does the entire State of Rhode Island and Providence Plantations). So what should the federal government do to help...

Barack Obama is scheduled to go on the Jay Leno show on Thursday, March 19, 2009, as part of his campaign to get the almost $4 trillion budget passed. A few days after the Leno appearance, Obama will be attending $100-$2,500 per plate campaign fundraising...

Change is in the air. Not just that the inside the Beltway pundits are noticing that He is not all that He is cracked up to be. Not just that people are taking to the streets in protest. Not just that our European allies no...

Just a little true anecdote on how the "rich" cutting back is hurting the "not rich."My wife went to a hair salon last Friday. The salon is located on the East Side of Providence, Rhode Island, near Brown University. This is the premier neighborhood in...