About 44 million Americans - one in seven - lived last year in homes in which the income was below the poverty level, which is about $22,000 for a family of four. That is the largest number of people since the census began tracking poverty 51 years ago.
The quote below is from a piece by libertarian columnist John Stossel on RealClearPolitics.com. Emphasis mine. “As much as I might want to hire new salespeople, engineers and marketing staff in an effort to grow, I would be increasing my company’s vulnerability to government,” Michael Fleischer, president of Bogen Communications Inc., wrote in The...
Once again, Obama is found to have broken a key promise, this one that you can keep your current health insurance under the proposed health care reform bill that is being considered currently stalled in The House. Last week President Obama addressed the GOP and said this (video): The last thing I will say,...
In an interview with ABC’s Diane Sawyer, President Obama stated he’s ‘happy to admit’ he didn’t change Congress the way ‘he would have liked.’ That’s an interesting choice of words; “happy.” Let’s just clarify, I didn’t make a bunch of deals. There is a legislative process that is taking place in Congress and I...
As a small-time trader I resent the notion that I have to pay extra to reduce the federal deficit. But a house bill currently in draft aims to do just that by taxing both the purchase and sale of stocks, options, derivatives and futures at .25%. I have a better idea; why don’t we...
Just like welfare becomes a disincentive to self-sufficiency for individuals, it becomes the same for bailed-out companies. GMAC is negotiating with the government to receive even more of our tax money. The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5...
It's time to recognize that Obama is not the Obamessiah, but just another corruptible politician that must be treated with skepticism. Health care reform isn't what's needed at this point. Government reform is what's needed. Lobbyists have become too powerful and politicians too corrupt. True health care reform is unobtainable...