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Keyword: socialism

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  • Clueless About Job Creation

    04/17/2012 3:26:23 PM PDT · by Oldeconomybuyer · 2 replies
    NPR ^ | April 17, 2012 | by Fred Barnes
    Does President Obama have the foggiest idea how jobs are created in America? There's not much evidence he does, beyond lip service to the helpfulness of the private sector. When the president begins a speech these days with praise for free markets, look out! What comes next are proposals for more government intervention in the economy and higher taxes. That's the recipe, Obama says, to "encourage our long-term economic growth and stabilize our budget." He said so in his Republicans-are-Social-Darwinists speech in Washington two weeks ago to newspaper editors. Near the outset, Obama declared: "I know that the true engine...
  • Junking ObamaCare Might Help Bristol-Myers Squibb

    04/17/2012 3:17:13 PM PDT · by Oldeconomybuyer · 6 replies
    Investors Business Daily ^ | April 17, 2012 | By PAUL WHITFIELD
    If ObamaCare is sent to history's junk pile, who wins in the medical sector? For now, legislation already has saddled Bristol-Myers Squibb (BMY) with a number of burdens. For example, the minimum rebate on Medicaid drug sales was increased from about 15% to about 23%. Bristol-Myers Squibb estimates all the ObamaCare fees and changes implemented so far cost the company 10 cents a share in 2010 and 24 cents a share in 2011. Earnings per share increased 17% in 2010, but would've grown 22% without ObamaCare. Last year, earnings rose 6%. Without the new law, EPS would've grown 12%.
  • Obama to pitch $52M plan to regulate oil markets [Maxine Waters Dream Coming True]

    04/17/2012 6:02:22 AM PDT · by SoFloFreeper · 30 replies
    Fox ^ | 4/17/12
    Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions. The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on prices at the pump. The measures seek to boost spending for Wall Street enforcement at a time when congressional Republicans are seeking to limit the reach of federal financial regulations.
  • Obama to pitch $52M plan to regulate oil markets

    04/17/2012 5:32:47 AM PDT · by Oldeconomybuyer · 28 replies
    FOX News ^ | April 17, 2012
    WASHINGTON – Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions. The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on prices at the pump. The measures seek to boost spending for Wall Street enforcement at a time when congressional Republicans are seeking to limit the reach of federal financial...
  • APPA sues EPA over mercury rule, saying deadlines 'unachievable'

    04/16/2012 4:27:40 PM PDT · by Oldeconomybuyer · 10 replies ^ | April 16, 2012 | by Cathy Cash
    Washington - The American Public Power Association, in a rare move, is suing the US Environmental Protection Agency over its new Mercury and Air Toxics Standards and urging the agency to reconsider the national mandate's deadlines. It said the deadlines are "unachievable" for public power utilities that face state and municipal legal requirements. This is the first time the trade association for state and local governments that own and operate electric power has filed suit against EPA over regulations. The rule takes effect Monday.
  • Subsidized, Bankrupt Solyndra Managers Got $368,500 in Court-Ordered Bonuses

    04/16/2012 4:17:06 PM PDT · by Oldeconomybuyer · 1 replies
    CNS News ^ | April 16, 2012 | by Fred Lucas
    A bankruptcy court ordered $368,500 in bonuses for 20 top managers and employees of Solyndra, the solar panel firm that received $535 million from taxpayers two years before filing for bankruptcy and laying off 11,000 employees. The bonuses kicked in on March 31. The 20 high-level workers earned a total base pay of $2.49 million before the bonuses. One of the executives earned a base annual salary of $206,499 and received a $30,000 incentive under the court order handed down on Feb. 22 by U.S. Bankruptcy Judge Mary F. Walrath in Delaware. Another executive earning $189,000 in base pay was...
  • Obama’s aim to end ‘too big to fail’ undercut, report says

    04/16/2012 4:05:52 PM PDT · by Oldeconomybuyer · 1 replies
    MSNBC ^ | April 16, 2012 | Staff
    President Obama’s bid to end the problem of big banks becoming “too big to fail” is falling far short of its aim, according to a report. Bloomberg News reported Monday that today the nation’s largest banks are bigger than they were before the credit crisis. Five of the nation’s biggest banks are about twice as large as they were a decade ago relative to the size of the economy, the report shows, raising concern that trouble at a major bank would have a detrimental effect on the broader financial system and force the government to intervene to prevent a crisis,...
  • Dropping Fossil Fuels For Green Energy Would Be Foolish

    04/16/2012 3:59:38 PM PDT · by Oldeconomybuyer · 1 replies ^ | April 16, 2012 | Editorial
    Barack Obama has been promising a green future since before he was president. While we might one day be powered by renewable energy, there's no reason to rush it. Fossil fuels are still abundant, reliable and cheap. Roughly 85% of our domestic energy is provided by fossil fuels. They generate more than 96% of the energy used in transportation and about 67% of the electricity we consume. Despite promises and commands from the Obama administration — the president pledged in 2009 to cut oil consumption 35% by 2030, for instance — these ratios aren't going to change much in coming...
  • RomneyCare Now Funding FREE Abortions: A Disqualifier for Mitt Romney’s Candidacy [Enabler Mitt]

    04/16/2012 11:15:39 AM PDT · by Colofornian · 20 replies ^ | March 7, 2012 | Amy L. Contrada
    RomneyCare now offers free elective surgical abortions. Mitt Romney was the enabler. This is how his government-dictated health plan is playing out. And he’s still proud of it. When he does touch on defects in his health plan, he never mentions abortion coverage as a problem. He’s either fine with it, or realizes he has to downplay it to get the conservative vote. When the law was first implemented, there was a $50 copay for a RomneyCare elective surgical abortion. Now RomneyCare abortions are "free" for a $0 copay (or $50-$100 in some plans). In fact, the $0 copay shows...
  • When Mormons were socialists [From 'United Order' communism --> Lds Church, Inc.]

    04/16/2012 7:12:15 AM PDT · by Colofornian · 29 replies ^ | April 15, 2012 | Troy Williams
    SNIP One hundred and eighty-two years after its founding, the Church of Jesus Christ of Latter-day Saints is certainly prospering. The Church has diversified into commercial enterprises, owning television and radio stations, universities, farms, banks and...retail. Last month, the Church opened City Creek Mall, a stunning billion-dollar downtown renovation in Salt Lake City... Mitt Romney and City Creek represent the culmination of a great transformation within Mormonism. As an outcast faith, early Mormons experimented with communal living and alternative marriages. This original brand of Mormonism was typified by their rugged frontier prophet and polygamist outsider Brigham Young... Young’s egalitarian separatism...
  • Why America is Devolving Towards Absolute Government Control

    04/15/2012 8:03:57 PM PDT · by OneLoyalAmerican · 71 replies
    Canada Free Press ^ | Sunday, April 15, 2012 | Kelly OConnell
    The relentless encroachment of socialism upon America’s economic, cultural and governmental landscape is like a bad dream to most red-blooded Americans. When society changes it can seem like the ineluctable drift of evolution or chance. But in the case of America’s ongoing continued expansion of government powers, spiking taxes, and shrinking military, it’s all part of a planned elitist push into socialism. And one need not believe in secret conspiracies when contemplating this shift. In fact, for those paying attention, it was all outlined long ago by the Fabian Socialist society, and other groups such as the Frankfurt School, as...
  • Six percent of UK's wealthiest pay less than 10 percent tax - data

    04/15/2012 4:51:53 PM PDT · by Oldeconomybuyer · 8 replies
    Reuters UK ^ | April 16, 2012 | by Fiona Shaikh
    (Reuters) - Some six percent of Britain's wealthiest people used tax reliefs to reduce their tax bills to less than 10 percent, according to data published by Britain's finance ministry on Monday, which it said highlighted the need to make the tax system fairer. In Britain, anyone earning up to 34,370 pounds is liable to income tax of 20 percent, while those earning over 150,000 pounds must pay 50 percent, though that is set to fall to 45 percent from April 2013. The Treasury figures show that 3 percent of people with earnings of between 1 and 5 million pounds...
  • Sarkozy 'embarrassed France' with Obama video conference TV stunt

    04/15/2012 1:59:10 PM PDT · by Cincinna · 5 replies
    The Guardian UK ^ | April 15 2012  | Angelique Chrisafis 
    Nicolas Sarkozy has been accused of using a video conference with Barack Obama to boost his election campaign. In an unprecedented move in French diplomacy, newscasts on several TV channels showed the first few minutes of a video link-up between the French president and his US counterpart. Days before the first-round vote in the French presidential election, on 22 April, the rare glimpse of banter between world leaders shows Obama saying of the campaign: "It must be a busy time." He adds: "I admire the tough battle you are waging." Sarkozy replies, grinning, with arms folded: "We will win, Mr...
  • Foul Play: War on women is real [by Sen. Barbara Boxer]

    04/15/2012 6:29:46 AM PDT · by Oldeconomybuyer · 23 replies
    Politico ^ | April 12, 2012 | Sen. Barbara Boxer (D-CA)
    Suppose it’s the championship basketball game and one player is committing foul after foul. Each time, he denies he’s committed any offense. Eventually, he fouls out. But even as he heads to the bench, he’s protesting that he did nothing wrong. That’s what we’re seeing today from Republicans who claim there is no “war on women.” The Republican National Committee chairman likened it to a “war on caterpillars.” But whether it’s sports or politics, denials don’t change the facts. So let’s look at them. House Republicans have introduced more than 30 bills that would restrict a woman’s reproductive health care....
  • India won't be able to store another bumper crop

    04/15/2012 6:16:43 AM PDT · by DeaconBenjamin · 53 replies
    Economic Times ^ | 15 Apr, 2012, 03.54PM IST, IANS
    NEW DELHI: The problem of plenty is once again troubling the Indian government as it does not know where to store the bumper grains to be harvested for the third year in a row. Fears are rising that the grains would be out in the open, rot and be eaten by rodents even as millions go hungry in the country which is planning to enact a right to food law.The government's plans to create additional storage space have so far moved at a snail's pace. For instance, of the additional storage capacity of 19 million tonnes (MT) planned by 2012-13...
  • You My Friend are No Ronald reagan

    04/15/2012 5:19:50 AM PDT · by ShelleyAa · 4 replies
    You My Friend Are No Ronald Reagan! Current events suggest President Obama is to be thought of as, "Reagan - like." For many with strong remembrance of President Ronald Reagan, Obama cannot compare. History will remind us that President Reagan, "The Great Communicator,"continually conveyed love of country; it's people and history. He strived to bring us together, having pride in country and gratitude for its blessings. Whereas, Obama, with arrogance, has pushed an unsolicited agenda, purposefully, rewrote history, shown contempt for nation with his "apology tour,"and avoided acknowledgment of, "The City on the Hill." President Reagan stood with conviction for...
  • If Health Insurance Mandates Are Unconstitutional, Why Did the Founding Fathers Back Them?

    04/14/2012 6:57:07 PM PDT · by Kaslin · 71 replies
    The New Republic ^ | April 13, 2012 | Einer Elhauge
    In making the legal case against Obamacare’s individual mandate, challengers have argued that the framers of our Constitution would certainly have found such a measure to be unconstitutional. Nevermind that nothing in the text or history of the Constitution’s Commerce Clause indicates that Congress cannot mandate commercial purchases. The framers, challengers have claimed, thought a constitutional ban on purchase mandates was too “obvious” to mention. Their core basis for this claim is that purchase mandates are unprecedented, which they say would not be the case if it was understood this power existed. But there’s a major problem with this line...
  • Soros' Big Fat Statist Solution for Europe - "Fiscal Windex" is NOT The Answer

    04/14/2012 7:52:17 PM PDT · by whitedog57
    Confounded Interest ^ | 04/14/2012 | Anthony B. Sanders
    George Soros has a solution for the European debt crisis! But before you get too excited, remember that Mr. Soros is a Statist (Socialist, Progressive) and Statists are always predictable. They want MORE government control, more government spending, more government control (regulation), more taxes, more ... everything to fuel the big government machine. They also want fewer personal rights, fewer freedoms, less choice, less of everything. Here is the Soros' Big Fat Statist Solution for Europe. Rather than suggest tax cuts for Europe, less government spending and more personal responsibility, Mr. Soros By rewarding good behavior, the fiscal compact would...
  • Nebraska governor rejects prenatal care funding for illegal immigrants

    04/14/2012 1:21:05 PM PDT · by moonshinner_09 · 8 replies
    Reuters‎ ^ | Fri Apr 13, 2012 | David Bailey; Editing by David Brunnstrom
    (Reuters) - Nebraska Governor Dave Heineman vetoed a proposal to restore Medicaid-funded prenatal care for illegal immigrants on Friday, but the initiative could still survive if the state legislature rejects his move next week. Nebraska state senators voted 31-15 on Wednesday to restore the program, which was eliminated two years ago after providing prenatal care for decades. The number of votes in favor was one more than would be needed to override the veto and the Nebraska legislature has one day left in its current session -- next Wednesday -- in which to do so. "I oppose providing taxpayer benefits...
  • How to legally dissolve the U.S. Federal Government (Forget Secession)

    04/14/2012 9:30:37 AM PDT · by broken_arrow1 · 49 replies
    Nolan Chart ^ | July 22, 2009 | Skip Sanders
    Thirty four (34) is the number of Legislatures from the several States necessary to call a States Convention or a Constitutional Convention. This also known as an Article Five(5) Convention, or a Convention to Amend the U.S. Constitution. With fifty (50) States in the U.S. Federal Compact today, thirty four (34) is the Constitutional number of legislatures from the several States needed to cross the threshold for such a convention. Let's look at Article 5 of the U.S. Constitution : "The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on...