Back in 2008, I had a difficult time detecting any substantive difference between the top-tier candidates — Barack Obama and John McCain — both of whom had surprisingly similar campaign themes: Regulate industry to control greenhouse gases through a cap-and-trade program; play a decisive role worldwide through aggressive foreign policy and generous foreign aid; institute “comprehensive immigration reform” (aka amnesty); ramp up the already huge amounts of deficit spending by backing such programs as the Troubled Asset Relief Program to boost the economy; and maintain the status quo with social welfare programs or even increase spending, etc.
Three of the four remaining candidates for the Republican presidential nomination have spoken out against planned reductions in future defense spending. Both former Massachusetts Gov. Mitt Romney and former House Speaker Newt Gingrich have urged President Barack Obama to prevent the sequestering of $600 billion from the defense budget over the next 10 years as required by last summer’s debt ceiling deal. Former Pennsylvania Sen. Rick Santorum stated categorically that he “would absolutely not cut one penny out of military spending.”
With the publishing of a “white paper” about the housing market, Fed Chairman Ben Bernanke has rankled some Republicans that suggestions made appear to have transgressed some line of propriety that separates monetary policy, fiscal policy, and the Fed’s “independence.”
President Obama’s 2013 budget and proposed tax increases have been construed as a direct assault on the wealthy Republican class. But according to past election analyses, and despite the prevailing notion that America’s wealthy overwhelmingly oppose progressive taxation, the President may in fact be targeting his own base.
The U.S. unemployment rate jumped in February from 8.3 percent to 9.0 percent, according to Gallup. Gallup’s numbers are highly correlated to the same reports from the Bureau of Labor Statistics (BLS). The differences between the two are very slight: Gallup calls people age 18 and up; the BLS calls people age 16 and up. Gallup polls 30,000 people every month; the BLS polls 60,000. Gallup makes those calls continuously throughout the month; the BLS calls during one week in the middle of the month. Gallup’s numbers aren’t seasonally adjusted; the BLS numbers are.
The creditors’ committee representing what’s left of Lehman Brothers asked bankruptcy Judge James Peck last week to force Timothy Geithner (left) — currently Obama’s Treasury Secretary but President of the New York Fed at the time of the Lehman Brothers’ bankruptcy — to answer some questions. The original subpoena issued by the committee to Geithner to appear last August was ignored and so the committee appealed to Judge Peck.
Lawmakers in Virginia and Oklahoma approved “personhood” legislation last week to recognize that human life begins at conception, drawing praise from pro-life activists and fury from abortion advocates. Analysts say neither of the bills would immediately ban abortions, but a prohibition would kick in if and when the Supreme Court’s Roe vs. Wade ruling is undone.
In concluding his three-state, three-day tour on Friday, President Obama made a flashy appearance at Boeing’s aircraft assembly plant in Washington State, where he touted the manufacturing accomplishments of the world’s largest aerospace company. During the visit, the President asserted that Boeing, a top U.S. exporter, is a world-class model of an American company spurring economic growth through overseas commerce.
On Thursday, the presiding judge in the military tribunal of Guantánamo Bay detainee Abd al-Rahim al-Nashiri (left) denied the request made by al-Nashiri’s counsel to issue a subpoena to Yemeni President Ali Abdullah Saleh. The defendant argues that Saleh is a material witness in the case against him and should be compelled to testify.
Army Colonel James Pohl is the judge in the case, and in his order denying al-Nashiri’s motion he declined to offer the reasons behind his decision, stating merely that he would “explain his decision later.”
The sovereign states are courageously asserting their constitutionally protected right to self-determination by standing up to the federal government and refusing to execute the most noxious provisions of the recently enacted National Defense Authorization Act (NDAA).
Under the guise of environmentalism, various federal agencies and departments are blocking Border Patrol agents’ access to critical areas while contributing to widespread lawlessness along the U.S. border, according to experts. Criminals, meanwhile, are taking full advantage of the rapidly deteriorating situation.