Saturday, May 28, 2011

Newest Fox News piece: Who Has the Best Plans to Rescue America from the Budget Crisis?

My newest Fox News piece starts out this way:

Who has the best plans to fight the budget crisis? Well, it seem that the Democrats do not even have a plan, or perhaps they secretly have one but are embarrassed to release it. Either way, Democrats are stubbornly refusing to release any budget plan. Instead, they just complain about the two that have been presented so far. 

Thus when the Senate voted on budget plans this week, Senators considered two options but neither one received a single yes-vote from a Democrat. 

One proposal, the House Republican budget, the so-called "Ryan plan," was attacked by Democrats as "draconian” or “unconscionable." 

The other option was President Obama's plan from February. But as The Hill newspaper reported: “the Democratic caucus would not support the [president’s February] plan because it has been supplanted by the deficit-reduction plan Obama outlined at a speech at George Washington University in April.” 

So why not vote on the April plan? . . .

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Thursday, May 19, 2011

New Fox News piece: Team Obama's Debt Limit Scare Tactics Are Getting Old -- Fast

My newest Fox News piece starts this way:

Wasn't the world supposed to end on Monday? No, I'm not talking about May 21. But on Monday, the U.S. government officially hit its debt limit, but where are disasters that the Obama administration have been predicting for months? We were warned that hitting the debt limit would be "deeply irresponsible" or “insanity” or “abrupt contraction would likely push us into a double dip recession.” But Americans woke up today to find nothing really changed from last week.

The Obama administration’s scare tactics are getting old. Unfortunately, they keep on getting away with this and aren’t held accountable when their scare stories prove false.

Take the warning Treasury Secretary Timothy Geithner made on January 6th. He wrote Congress a letter asserting: "the debt limit will be reached as early as March 31, 2011, and most likely sometime between that date and May 16, 2011. . . . it is strongly in our national interest for Congress to act well before the debt limit is reached” (italics added). Failure to act before this deadline would lead to "default on legal obligations," "catastrophic damage to the economy, potentially much more harmful than the effects of the financial crisis of 2008 and 2009." Spending will be "discontinued [or] limited" on everything from Social Security and Medicare, U.S. military salaries, Medicaid payments to states, to "forced default on legal [interest] obligations."

The debt limit increase was so critical that President Obama has long opposed any attempts by Republicans to use the debt limit increase to cut the debt, claiming that it had to be a “clean” bill. White House Budget Director Jack Lew told lawmakers in March that it had to be “clean -- it’s irresponsible to do anything but extending the debt limit.” . . .

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Monday, May 9, 2011

New Fox News piece: Where Are the Jobs, Mr. President? The Jobless Obama Recovery Continues

My newest piece at Fox News starts this way:

There has been no recovery in the job market during the Obama recovery. Despite all the cheerleading by the Obama administration and the media, job creation has been horribly sluggish. The jobs created recently are noteworthy only in comparison to the lack of jobs created during the rest of the “recovery.” In contrast to other recoveries over at least the last half century, job creation has never been more anemic.

When the new employment numbers came out on Friday, Austan Goolsbee, the head of the President Obama's Council of Economic Advisors, boasted about "the solid pace of employment growth in recent months" and that "The overall trajectory of the economy has improved dramatically over the past two years." Headlines in the Los Angeles Times and the New York Times were equally glowing, trumpeting "solid growth" and "strong growth." 

During the 23 months since the Obama recovery started, an average of 23,000 jobs a month have been created. The same 23 month period into the Reagan recovery saw that an average of 285,800 jobs were added each month. 

So what about the last three months? . . .

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