Posts tagged as: economic crisis

Five years later, journalists challenge White House ‘economic crisis’ excuse

Five years later, journalists challenge White House ‘economic crisis’ excuse

On “This Week,” ABC News reporter Jonathan Karl challenged White House Press Secretary Jay Carney over the knee-jerk excuse that administration officials give when they are asked about the bad economic numbers.

Marco Rubio: America’s greatness is at stake

Marco Rubio: America’s greatness is at stake

Senator Marco Rubio spoke to conservatives Saturday night. He gave a warning that America is the greatest country in the world, but the economic crisis can put the nation at stake. He also calls out the lack of seriousness among those in DC.

Conservative Paul Ryan Responds to Obama’s “Excessively Partisan, Dramatically Inaccurate” Budget Speech

Conservative Paul Ryan Responds to Obama’s “Excessively Partisan, Dramatically Inaccurate” Budget Speech

Conservative Rep. Paul Ryan (R-WI) responded to Obama’s highly partisan and dramatically inaccurate speech. From Rep. Ryan’s website , via Weekly Standard : “ When the President reached out to ask us to attend his speech, we were expecting an olive branch. Instead, his speech was excessively partisan, dramatically inaccurate, and hopelessly inadequate to address our fiscal crisis. What we heard today was not fiscal leadership from our commander-in-chief; we heard a political broadside from our campaigner-in-chief. “Last year, in the absence of a …

Obama Calls for ‘Conversation’ about Medicare/Medicaid

Obama Calls for ‘Conversation’ about Medicare/Medicaid

Author:? Andrew Stiles After ignoring the recommendations of his own bipartisan fiscal commission, which concluded that we are facing ” the most predictable economic crisis in history ,” our Abdicator-in-Chief has boldly declared: “It’s going to be important for us to have a conversation… about how do we really tackle the problem in a comprehensive way.” Could his heart be any less in it? Just note the contrast between the president and Paul Ryan discussing these same issues . From today’s press conference: “Our long-term debt and deficit are caused primarily by escalating health care costs that we see in Medicaid and Medicare that is putting huge pressure …

Meanwhile, back in Europe… [Fritzworth]

Meanwhile, back in Europe… [Fritzworth]

Dead horse, meet stick: the dominoes keep lining up: Europe is living in denial. Even after the economic crisis exposed the eurozone’s troubled future, its leaders are struggling to sustain the status quo. At this point, several European countries will…

Top Econ Adviser Warns: Don’t Play ‘Chicken’ With Debt Ceiling

Top Econ Adviser Warns: Don’t Play ‘Chicken’ With Debt Ceiling

White House economic adviser Austan Goolsbee warns lawmakers that the U.S. faces an economic crisis ‘worse than anything we saw in 2008′ if Congress does not raise the debt ceiling above the $14.3 trillion level. Obama Faces Looming Crisis in West Africa YOU DECIDE: Best Bet in Politics for 2011?

Our Loss, Their Gain

Our Loss, Their Gain

From The L.A. Times : Even in the gloom of an international economic crisis, there is a bright spot of hope: free trade. Successful trade pacts with Panama and Colombia and a pending agreement with South Korea will serve to accelerate investment opportunities across a broad spectrum of business and industry, including agriculture, communications technology and natural resources — for Canada, that is. Ouch. Stephen Spruiell

Lot of I Told You Sos

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A lot of other people know the economics better than I do. But my God there were a lot of folks earlier this year arguing, very convincingly, that the move away from stimulus to inflation-worry and retrenchment was little short of insane given the mammoth economic crisis the country was weathering. It had all the hallmarks, though on a much speeded-up basis, of the move to slash spending in 1937, which had terrible consequences for the US economy. The Fed itself isn’t that high on the blame list on this…

Obama approval cratering — President Obama’s approval rating has began falling again

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Following the bait and switch passage of Obamacare, which was followed by a PR and sales campaign by the White House and President Obama, the President received a small bump in his approval rating which he held for a couple months. It would appear that small bump is gone and he has began his downward spiral again. A new Rasmussen Reports poll has recorded the worst Presidential Approval Index yet recorded…

Venezuela

Venezuela

(Eugene Volokh) An NPR story this morning about the Venezuelan economic crisis reminded me of this table of per capita GDP in 1950 (in current dollars): # 1 United States: $9,573.00 # 2 Switzerland: $8,939.00 # 3 New Zealand: $8,495.00 # 4 Venezuela: $7,424.00 # 5 Australia: $7,218.00 # 6 Canada: $7,047.00 # 7 Sweden: $6,738.00 # 8 Denmark: $6,683.00 # 9 Netherlands: $5,850.00 # 10 Belgium: $5,346.00 Now part of this doubtless stems from the damage caused by World War…

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