Browse by Tags

Forecasts & Trends

Blog Subscription Form

  • Email Notifications
    Go

Archives

  • Obama's Assault on the Poor

    During the 2008 presidential campaign, then-candidate Barack Obama promised he would cut the taxes of 95% of working Americans. Most agree that he delivered on this promise with the 'Making Work Pay Tax Credit' (part of the $787 billion stimulus bill), which gave most individuals a paltry $400 refundable tax credit or $800 for working families. So, a question that naturally comes to mind is, how's that tax cut working out for you?

    The answer, unfortunately, is that it's not working out very well at all, especially for those in lower-income households. While the stimulus bill did provide some modest temporary payroll tax cuts for most working Americans, other Obama administration initiatives may effectively negate that relief by increasing taxes and/or the costs of goods and services. These tax and price increases are among the most regressive I've ever seen, meaning that they will hit the poor a lot harder than any other demographic group.

    You won't see this analysis in the mainstream press, so read on to see what kind of change Obama is really bringing about.

    ...
  • Healthcare Reform or Government Takeover?

    President Obama addressed a rare joint session of Congress on September 9 when he spoke at length about his desire to substantially reform America’s healthcare system. Whether you are among the apprx. 56% of Americans who now oppose the healthcare reform bill in the House, or you are among the apprx. 43% who support it (latest Rasmussen poll), it is important to know the facts - a number of which the president failed to address or misrepresented in his speech.

    While I have refrained from writing at length on the healthcare reform debate, I feel the issue is just too important, and too politically charged, not to speak out. In the pages that follow, we will delve into some of the biggest problems and challenges with the House healthcare bill, H.R. 3200 - America's Affordable Health Choices Act of 2009. Given that there is so much misinformation on healthcare reform out there, on both sides, maybe this will help.

    ...
  • Obama's Tax Policy: None Dare Call It Welfare

    We have recently learned the details of President-elect Obama's massive income tax overhaul, and the plan is much worse than we had anticipated. Obama's liberal tax plan would give annual tax rebates to millions of Americans who already pay NO income taxes whatsoever. Giving government tax rebate checks to those who already pay zero income taxes is nothing short of expanding the welfare state (or socialism as I prefer to call it). Worst of all, if Obama gets his massive tax plan approved, it will mean that a majority of Americans will pay little or no income taxes, while the so-called "wealthy" will foot the rest of the bill. If we reach such a point, there will be little to no chance of true tax reform for the foreseeable future. Read what follows very carefully....
  • Would You Buy Stock In U.S.A., Inc.?

    A few years back, I wrote an of article discussing how the US economy could be described as the largest corporation in the world and, as such, were shares of USA, Inc. an attractive investment? When I first wrote on this subject, I was confident that USA, Inc. would continue to surprise on the upside, and it did. However, in light of the many recent challenges to our economy, is USA, Inc. still a good investment?...