15 Jan 10: An issue that seems likely to arise this year is the so-called “Employee Free Choice Act” (“EFCA”). This Obama-backed legislation would replace secret ballot elections to organize unions with a system wherein each worker’s vote would be public. Currently, privacy of voting protects American workers from harassment for voting against organizing a [...]
14 Jan 10: President Obama has proposed a bank tax in an effort to recoup as much as $120 billion in projected losses for the Troubled Asset Relief Program (“TARP”). Although companies in a number of industries, including the auto industry, took advantage of TARP funds, the financial sector is being targeted for retribution right [...]
13 Jan 10: A recent Associated Press analysis on the impact of more than $20 billion of federal spending for roads and bridges under the first federal stimulus states that the spending has had no effect on the local unemployment rates throughout the country. The job analysis found that local unemployment rates fell or rose [...]
12 Jan 10: The current administration’s projected budget contains much wasteful spending, including a staggering increase in welfare program spending in the form of cash, food, housing, medical care, and targeted social services for poor and low-income Americans. From 2009 to 2018, the U.S. government will spend $10.3 trillion on welfare programs. After adjusting for [...]
11 Jan 10: The income tax, including payroll withholding taxes, should be abolished and replaced by the “Fair Tax,” which is a kind of national sales tax (see more about the “Fair Tax” at www.fairtax.org). First, however, the 16th Amendment to the Constitution, which is the basis for the imposition of the income tax, must [...]
10 Jan 10: Jobs are growing! Or, more accurately, government jobs are growing. By definition, government jobs do not enhance the economy. Taxpayers must pay taxes to the government so that government salaries can be paid. Growing government is not the solution to growing the economy.
I have been a successful businessman for over 30 years. [...]
9 Jan 10: On the campaign trail, President Obama criticized John McCain for suggesting imposing a tax on the value of health insurance. President Obama also pledged not to raise taxes on the middle class. Now he is supporting a 40% excise tax on the value of “Cadillac” health insurance plans. These are plans that [...]
8 Jan 10: The current administration is moving away from traditional capitalist principles. There have been a number of government programs that were not founded on the principle of capitalism, including the Wall Street Bailout, “Cash for Clunkers,” and the failed stimulus.
The administration’s answer to many problems has been to borrow and spend. Congress has [...]
7 Jan 10: Senator Ben Nelson (D – NB) (who received the “Cornhuskers Kickback” in exchange for voting in favor of the Senate Health Care Bill) is criticizing President Obama for spending so much time on health care. He says that “his efforts would have been better spent on the economy.” Of course Senator Nelson [...]
6 Jan 10: On the campaign trail, President Obama said that transparency would be the “touchstone” of his administration. As an example of this transparency, he said a number of times that the American people would be able to watch the health care reform process on C-SPAN. Instead, not only was the public shut out from the [...]