Lessons Obama Should Have Learned From the Super Bowl

By Wayne Allyn Root

I am probably the only politician in America whose day job is Las Vegas oddsmaker. I’ve learned many valuable lessons from sports and sports betting. On Sunday I made a fortune for thousands of my clients by picking the New Orleans Saints’ Super Bowl upset. Obama, Reid and Pelosi might snicker, but they obviously don’t understand the difference between Vegas and Washington D.C. You know what it is? In Vegas, the drunks gamble with their own money. Maybe we need a politician in D.C. who understands the psychology of winning; who understands the motivation of risk versus reward; who has the guts to take gambles; and the courage to back his convictions with his own money, instead of the taxpayers’ money. Here are the lessons Obama should have learned from yesterday’s Super Bowl [Go Here to Wayne's lessons…]

The Truth About HR 627

By Mariusz Kapturski

Consumers believe that President Obama really helped them by signing HR 627. But is it true? This bill exposed consumers to higher annual fees and late fees, decreased credit available on the market, and as a result we all can see less consumer spending which is not helping in today’s economy. More credit – more spending – more jobs and more taxes collected by the government. Do the math. Interchange caps would bring more chaos to our markets and very few people would benefit from the regulation. Merchants would see more annual fees and very expensive customer support which now is free. [more…]

America, It’s Up to You - More Taxes or More Jobs?

By Gerard Lameiro

With the release of President’s Obama’s new budget, a critical debate has started to take place. What’s the best way to create new jobs and economic growth? Keynesian economists advocate increased government spending to create demand. Of course, with increased spending, typically comes much higher taxes. Some say that Obama’s new budget will result in $2T (Trillion!) dollars of new taxes over 10 years after a relatively small $150+B dollars in tax cuts is subtracted out. The proposed budget also calls for about $1.6T in deficit spending. New taxes represents “capital consumption” or the transfer of wealth away from the private sector to the government sector. This tax money is money that could have been employed by the economy more efficiently and with a much higher economic multiplier, if spent by the private sector (individuals and businesses). [more…]

Forget Gutting Tax Breaks; Obama Should Reverse Bailout of Government Motors

By Kyle Olson

Every time I hear a politician say he's going to end tax breaks for companies that export jobs overseas, I just laugh. It's transparent pandering to the UAW and other labor unions and a great talking point, but the Democrats have just never gotten around to enacting it. President Obama trotted out that old horse again in Wednesday's State of the Union speech. But as a Michigander, it's even more humorous knowing that the federal government has bailed out a Michigan-based company, General Motors, that has increasingly been "shipping jobs overseas." According to a May 2009 Washington Post article, GM has been doing that with a vengeance. But silly me. Why am I complaining? After all, a bail out is totally different than a tax break. Isn't it? [more...]

Obama Unveils $3.8 Trillion Budget Today With $1.6 Trillion Deficit

By Tim Connolly

In last week's State of the Union address, President Obama talked about tackling the deficit, but CNN reports today that the budget he will announce later this morning for fiscal 2011 will push the deficit to a record $1.6 trillion this year. IS THERE ANY BETTER REASON THAN THIS TO "FREEZE THE BUDGET NOW, AND BALANCE THE BUDGET WITHIN FIVE YEARS?

Re-Build America as an Economic Powerhouse

The prevailing concern of Americans today is that the United States of America has lost its vaunted position as a global economic powerhouse, becoming a debtor nation which cannot fulfill either the long-term financial growth requirements of a vibrant country or the retirement needs of its citizens. How did the world’s greatest economic and social power lose its way?

We began as a nation with a purity of purpose. Our Constitution adheres to a fundamental thesis - “to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessing of liberty to ourselves and our posterity.”

That foundation was critical to the birth of this nation at a time when there were many divergent interests, each wanting to protect their own regions and economic interests, yet knowing the future lay in “a more perfect union.”

Today, that Union our forefathers envisioned is compromised by competing agendas, dangerous turf wars, and divergent economic drains that threaten to rip apart the fabric of this country we hold so dear. The cacophony of special interests, the blatant rhetoric of political infighting, and the financial damage done to our country in the process is damaging our national heritage and endangering the very future of our children and the nation. [more...]

America's Economic War By Gerard Lameiro, Ph.D.

America's Economic War - Your Freedom, Money and Life
A Citizen's Handbook for Understanding the War between American Capitalism and Socialism
By Gerard Lameiro, Ph.D.

President Obama unveiled a multi-trillion-dollar spending plan today guaranteeing America trillion-dollar-plus deficits for three consecutive years as we Americans tighten our belts more than ever to meet our own expenses. But how will the decisions the administration makes today affect us and future generations?

Are you struggling to understand what's really going on in the American economy today? Do you want to know if our economy will turn around quickly, or get bogged down in a bad recession... or, worse, collapse into a ten-year depression? Do you want to understand why we confront a constant stream of bad economic reports and financial crises? Why we face increasing inflation with mounting food and energy prices? Why our leaders engage in fierce political battles with one another? Do you want to understand why American culture and morality are in steep decline?

Economist and economic growth expert, Gerard Francis Lameiro, addresses all these questions and many more in this clearly written, easy-to-understand, and vitally important book that identifies and describes America's Economic War. In his engaging style and with his optimistic vision and uncanny ability to make the complex very simple, Dr. Lameiro describes in riveting detail:

• America's economic war between American capitalism and socialism that is raging across our country today;
• The 47 major and three special battles taking place right now that are dramatically impacting American culture, government, and the American economy; and
• The serious risks to you and your family's freedom, money and lives.

America's Economic War is a test of America's moral strength and courage, a test of its Constitutional principles, and a test of its great engine of economic freedom and prosperity. This book will help you get a solid understanding of America's economic war and how American capitalism can help all of us to achieve a brighter future for ourselves, our children and our grandchildren.

You might not realize it right now because you are busy with work or school or family concerns, but you and your family's freedom, money and life are all at risk today. America's Economic War is raging and changing everything about life in America. Each and every one of us is dramatically impacted. Yet, few of us recognize that America's Economic War is taking place at all. Indeed, fewer still understand the causes of the war, or its impact and potential dangers.

About the Author: Economist, economic growth expert and CEO of Lameiro Economics LLC, a company focused on bringing practical economic knowledge about freedom, economic growth and prosperity to America and to the world, Dr. Lameiro was previously a member of Hewlett-Packard's Strategy and Corporate Development team, President of the Association of Energy Engineers (AEE), and an Assistant Professor in Colorado State University's College of Business.

A Revolutionary Tea Party Plan to Save the U.S. Economy from Economic Disaster

By Wayne Allyn Root

Obama is about to present his State of the Union. But he doesn't have a clue about the true 'state of the union' for small business owners. I am a small businessman. My friends are almost all small business owners. We all believe that Obama's prescription for saving the American economy is a disaster. His policies of tax and spend are killing jobs, destroying confidence, and wiping out small businesses by the thousands each month. Without a recovery by small business, there can be no recovery for the U.S. economy.

Today I present a plan that can save small business. My plan is "Reagan squared." It has one goal in mind - creating tens of millions of new jobs by motivating and encouraging small business. This plan allows small business owners to keep more of their own money, and encourages them to invest it, risk it, and spend it on building new businesses, expanding old businesses, and creating new jobs. That is how you save the U.S. economy from economic disaster.

Things are bad... and getting worse. As a small businessman with my finger on the pulse of Main Street, not Wall Street, I see the true state of the union. This is not a recession; it is a depression. We are not in recovery. We are in the depths of a long-term depression. I believe America is on the verge of economic collapse. For us to get out of this 'Great Depression II,' we must focus on small business - not big government, not big corporations, not unions, not lawyers, not lobbyists, not government spending, not stimulus spending, not the hiring of more government employees. None of those create jobs (as Obama has proven). Jump-starting small business is the only way out of this catastrophe.

Printing money and passing out piles of fake cash in the form of bailouts and stimulus may make things look better for the short term, but they only make the long-term situation worse. The fact is governments around the world are out of ammunition. As soon as the stimulus and bailouts run out, we will all feel the REAL effects of this economic Armageddon: devaluation of the dollar; dramatically higher interest rates; dramatically higher taxes; dramatically higher inflation; dramatically lower government bond ratings; default on our debt; and sooner, rather than later, economic collapse. That is the future we are facing - and it is ugly. [more...]