Where Are The Jobs? Obama vs Obama
July 20th, 2009 by drs
President Obama changes course on the stimulus. Where are the jobs? House Republicans offer a real plan to create jobs and get our economy moving again.
Warren Buffett Slams “Cap and Trade” as a Regressive Tax on All Americans
June 24th, 2009 by drs
#tcot #tlot Call your congressman (202-224-3121) about HR2454
Let them know you are against another oppressive tax, especially in the midst of a deep recession! The Energy Tax bill (HR2454) goes to the floor for a vote on Friday (June 26th).
March 9th, 09 on CNBC’s “Squawk Box,” billionaire investor and prominent Obama supporter Warren Buffett slammed the administrations proposed $646 billion carbon tax known as cap and trade as a regressive tax that customers are going to pay for.
Tags: 202-224-3121, barack obama, Cap and Trade, energy tax, HR2454, oppressive tax, prosperity, regressive tax, squawk box, Warren BuffettPosted in
Wondering Why Things Are Not Getting Better?
April 4th, 2009 by drs
Are you wondering why things aren’t improving, why you have that queasy feeling in your gut as you watch your fellow workers getting laid off. Are you losing sleep as you worry about what you will do if your position is the next to go?
The following column by Dick Morris may help you understand. Put yourself in the shoes of a business owner or CEO and see if you can relate.
OBAMA‘S WORST JOBS-KILLER
By DICK MORRIS & EILEEN MCGANN
Published in the New York Post on April 1, 2009
More than anything else, business needs a predictable environment if it is to create jobs. Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.
Yet President Obama seems to ignore this reality. Each day’s news brings another bold and far-reaching proposal to change the fundamentals of the US economy. And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.
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Tags: business owner, dick morris, federal reserve chairman, investments, JOBS-KILLER, obama, paul volcker, recession, tax consequencesPosted in
Don’t Imagine Market Failure Just Because It’s Difficult To See Market Success
March 23rd, 2009 by drs
You know I’ve never really looked at the spontaneous coordination of free market capitalism.
When you think of all the technology and comforts we have today in this society and how we ended up here based on millions of independent decisions by individuals, who were looking out for their own interests (and thus serving the interests of us all), it is nothing but amazing!
Please read this great column Biased Imagination by Donald J. Boudreaux, chairman of the Department of Economics at George Mason University in Fairfax, Va.
You may end up looking at things differently when someone in Washington claims that they have the answers.
Biased Imagination
Imagine traveling back in time to 1809. You describe to some people you befriend the reality of personal transportation in America in 2009. You describe the automobile.
In your own mind, of course, you’re describing an ordinary contrivance that makes possible experiences that are perfectly ordinary to denizens of the early 21st century, such as zooming along at 70 mph. But to your early 19th-century listeners, you’re describing a barely imaginable wonder.
“What?!” they ask. “People in the future will drive machines made out of metal and filled with highly flammable liquids? Surely that will be intolerably dangerous. And to what purpose? No one has any need to travel at such unheard-of speeds! (more…)
Obamas So-Called Stimulus: Good For Government, Bad For the Economy
March 22nd, 2009 by drs
Here’s another interesting video from: www.freedomandprosperity.org
President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian theory of economics, will not be successful. Indeed, the video demonstrates that Obama is proposing – for all intents and purposes – to repeat Bush’s mistakes. Government will be bigger, even though global evidence shows that nations with small governments are more prosperous.
Tags: bush, Economy, keynesian theory of economics, obama, policy, President Obama, stimulusPosted in
Cutting the U.S.’s Corporate Tax Rate
February 12th, 2009 by drs
This stuff makes so much sense to me! Why is our government punishing our workers and our economy by keeping our corporate rates so high?
A video by CF&P Foundation explaining why the U.S. needs to cut its corporate tax rate to stay competitive with the rest of the world.
Read the article at The Tax Foundation to learn how our states rate as compared to countries around the world. (see Excel worksheet)
Many states impose state corporate income taxes at rates above the national average of 6.6 percent. Iowa, for example, imposes the highest corporate tax rate of 12 percent, followed by Pennsylvania’s 9.99 percent rate and Minnesota’s 9.8 percent rate. When added to the federal rate, these states tax their businesses at rates far in excess of all other OECD countries.
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Tags: competition, competitiveness, corporate tax rate, Economy, tax foundation, world tradePosted in
The Laffer Curve, Part II: Reviewing the Evidence
February 12th, 2009 by drs
This video reviews real-world evidence showing that changes in marginal tax rates can have a significant impact on taxable income, thus leading to substantial amounts of revenue feedback. In a few cases, tax-rate reductions even “pay for themselves,” though the key lesson is the more modest point that pro-growth changes in tax policy will have a positive impact on economic performance and that good tax cuts therefore do not “cost” the government much in terms of foregone tax revenue.
This video is second installment of a three-part series. Part I reviews theoretical relationship between tax rates, taxable income, and tax revenue. Part III discusses how the revenue-estimating process in Washington can be improved. For more information please visit the Center for Freedom and Prosperity’s web site: www.freedomandprosperity.org.
Tags: freedom, laffer curve, marginal tax rates, prosperity, rate reductions, tax cuts, tax rate, taxable incomePosted in
The Real World verses Government Bureaucracy
June 18th, 2008 by drs
I love this video because it is so true. In each one of our lives, we most likely have had a similar experience.
So after seeing these examples, why would anyone think that putting our health care in the hands of the federal government bureaucracy is a good plan for our future?
The next time that the government wants to do something for (to) you, ask yourself if the private sector could do the job much better, faster and cheaper.
Map of ANWR Proposed Development Area
June 16th, 2008 by drs
I hardly ever see any maps of the Arctic National Wildlife Refuge (ANWR) published that show the actual 2000 acre proposed development area, so I thought I would post this map from the Alaska Department of Natural Resources.
That little red square in the middle of the green ANWR Coastal Plain is what all the fuss is about.
Let’s Stick It To Big Oil!
June 13th, 2008 by drs
Sure you’re mad as hell over sky high gas prices! So am I! Someone’s to blame. It must be Big Oil. We’ve all heard the stories of record profits, but have you ever heard anyone speak about the actual profit margin of the oil industry? (the difference between cost and selling price of a product or service is the profit margin)
Sticking it to them with a windfall profit tax may let you feel like your getting even, but what are the real consequences. If you do a little studying, you may find that you are really sticking it to yourself.
Listen to the following discussion and see if you don’t see things in a different light.
