Tag: Obama
Bill for the Unborn: $20,000 (FY 2011)

Back in February 2008, I satirized George W. Bush’s $150 billion stimulus checks in “The Power of Numbers: Simplify! Simplify! I broke down the costs of Big Government for a family of four and showed how pitifully small $150 billion was in comparison to the $5 trillion then spent by local, state and federal governments....
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The Obama Bumper Sticker Removal Kit: Available Now!

This real product is available at BSRemoval.com. You can order the Obama Bumper Sticker Removal Kit (also known as the BS Removal Kit) to send to friends, family, and all those still deluded. Here is the firm’s product description: You were drawn in by the promise of hope and change—so much so that you...
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Romer’s Research: Expiration of Bush Tax Cuts Will Be Highly Contractionary

Christina Romer, Chair of the President’s Council of Economic Advisers and economics professor at the University of California at Berkeley, has published an article (co-authored with David Romer) in the June 2010 issue of the American Economic Review titled “The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks.”...
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Frederic Bastiat, Call Your Office

Obama was here in Missouri last week, stumping for Democratic Senatorial candidate Robin Carnahan. While visiting a Kansas City electric vehicle plant that pocketed $32 million of federal stimulus money last year, Obama found this thoughtful way to defend the stimulus program itself: Some people would make the political calculation that it’s better to...
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Charles Pena on CNBC, Explaining the Afghanistan Quagmire

Independent Institute Senior Fellow Charles Peña interviewed on CNBC’s Insana Quotient with Ron Insana about the McChrystal fallout and its significance for the Obama administration. Peña further illustrates the quagmire that exists in the U.S mission in Afghanistan and challenges the public to consider the true relevancy behind the changing of command. Does it matter...
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Robert Higgs on the Consequences of Leviathan-sized Government

Senior Fellow Robert Higgs is interviewed here by Scott Horton on Antiwar.com Radio, warning those who long for total governmental and economic collapse to be careful what they wish for. Higgs also explains why federal spending cannot continue at the current record levels without a failure of the bond market. He further compares the...
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Bush’s FEMA Was No Gem Either

Open Letter to The Wall Street Journal June 23, 2010 Dear Editor: Paul Rubin argues that President Obama is getting a free pass in the media in light of the environmental disaster caused by the BP oil spill. The press, on the other hand, harshly chastised President Bush, for what Rubin thinks was a...
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Michael Steele Gets It Right

The talking heads on both left and right (notably William Kristol) are dumping on Michael Steele for his recent comments on the Afghan War. He may well be forced out as RNC chair or, at the very least, compelled to apologize for his alleged “gaffe.” It would be a shame if Steele lost his...
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Tax the Productive

Hillary Clinton made the news a week or so ago by saying the rich don’t pay their fair share of taxes, echoing statements President Obama has made since his presidential campaign. But the remedy they recommend is to raise income tax rates on high-income earners. That’s not taxing the rich, it’s taxing the productive....
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Robert Higgs Debates James Galbraith on Obamanomics

Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, “liberal”, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits...
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