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...]

The Obama Death Panels: Unions!

By Wayne Allyn Root

Obama will choose to save unions and destroy small business.

Obama is the first president owned by unions. He models the U.S. after Michigan and California - government employee unions gone wild! There was never going to be a heavy tax on high value “Cadillac” health insurance policies. That was just a smokescreen. That was just a “placeholder” until Obama could come up with taxes on business owners to replace it. Under Obama, it is always the “rich” who will pay. Whether it’s a surcharge on income or a huge increase in Medicare taxes, or an expansion of Medicare taxes to include profits on investment income... you can bet your bottom dollar that it is “the rich” who will pay for universal healthcare.The problem is this category that Democrats call “the rich” is primarily small business owners - the same small business owners that create 80% of all new jobs. Without small business participating - and motivated - there can be no increase in jobs. There can be no increase in taxes revenues. There can be no money to fund Obama’s bailouts, or nonstop stimulus packages, or his gigantic expansion of government. [more...]

The Obama/Goldman Sachs Small Business Scam

By Wayne Allyn Root

Was Goldman Sachs Forced to Make a Half Billion Dollar Payoff to the Minority Community as a (legal) Bribe to Obama?

Did you see the announcement late last week that Goldman Sachs is giving a half billion dollars to small businesses? Or are they? Why are they suddenly concerned with small business? They've certainly never cared about small business before. Could this sudden interest by Goldman Sachs be because it pays to do favors for Obama's friends? And for Obama, everything - including business - is about race. You see, Goldman claimed they are concerned with small business. But the reality is they are only concerned with one tiny segment of small business - MINORITY-OWNED SMALL BUSINESSES; more specifically, minority businesses in minority neighborhoods. Even more specifically, those loans to minority businesses in minority neighborhoods will only be disbursed through "community organizations." [more...]

Unemployment Hits 10.2%... Obama Sends Us on Path to Economic Ruin

By Wayne Allyn Root

Obama Wakes Up to Big Surprise - Government Creates No Jobs… Unions Kill JobsThe national unemployment rate hit 10.2% today. What a surprise! Actually it may have come as a great surprise to "the Messiah" a/k/a President Barack Obama, but it came as no surprise to anyone who understands economics. My old college classmate Obama is not among that group.

Small business creates upwards of 75 - 80% of all new jobs. If small business is failing, there are no new jobs. Without a robust small business community, there can be no economic recovery. All the stimulus money in the world going to Obama's big business campaign contributors - unions, government employees, banks, Wall Street - will not end the recession. All the government jobs “saved” and created will do nothing but take money and jobs AWAY from the private sector. All the billions of dollars lavished on unions and union workers will push the country back into recession. All the government union workers honored with raises by Obama will increase the national debt and damage the economic recovery. Only a recovery led by small business can save us. We are staring at an economic Armageddon - not just for us, but for our children and grandchildren.

We have been lied to by Obama, by Pelosi, by Treasury Secretary Geithner, by Fed Chief Bernanke. There is no recovery. The recession isn't over. To the contrary, we are in the start of a long-term depression caused by big government, big spending, onerous taxes and government regulations placed on business, too much deficit and debt. Obama isn't the solution. He is the problem. He knows nothing about business - small or large. He has never owned a business, run a business, funded a business, or created a job in his life. His entire knowledge of economics comes from books. And they are the wrong books - Karl Marx never created a job either. [more...]