Five years ago, I wrote a piece critical of the Obama administration’s takeover of the student loan program. It was a bad idea then, and a disaster today.
In a sweeping move to cut commercial banks out of the federal loan market, Congress voted to establish still another bureaucracy, ending the 45-year old bank-based program.… read more
It was vintage Hillary as she unveiled her “Growth and Fairness Economy” at New York’s progressive New School this week.
It was all there, designed to trigger further animosity toward business. The economy is stacked in favor of those at the top …. high corporate profits and CEO salaries … inequality … wage stagnation. And it’s those “mean-spirited” Republicans that are to blame.
Hillary Clinton chose New York’s progressive New School as the venue to deliver her vision for the economy. (businessinsider.com)
Her message is directed at the low-information crowd, who like hearing someone attack “those greedy CEO’s,” who they believe are responsible for their lot in life. This is how she intends to be their “champion.”
It’s unfortunate that the average worker has little or no idea what makes the economy tick. Take the subject of profit, for instance. In numerous polls over the past five decades, people have been asked, “Just a rough guess, what percent profit on each dollar of sales do you think the average company makes after taxes?”
The average response in the most recent poll was 36 percent! Believe it. The average profit margin is just 6.5 to 7.5 percent. Continue reading
Two years ago, Obama proudly appointed Katherine Archuleta to be his director of the Office of Personnel Management and Budget as the first Latina to hold that position. It was said that she shared his vision for diversity and inclusion in the federal workforce and will help “create more effective policymaking and better decision-making …”
Obama crony appointee Katherine Archuleta resigned as director of the Office of Personnel Management and Budget after ignoring years of warnings by the IG. (washingtontimes.com)
Unfortunately, she didn’t have the expertise to run the 5,000-person department, even when OPM’s inspector general had issued warnings of outdated security policies and procedures in 2009, 2012 and again last year.
One day she had the president’s “full confidence.” The next day, she resigned “of her own volition.” Continue reading
I saw Dinesh D’Souza’s latest movie, America, Imagine the World Without Her, yesterday and highly recommend it to you. It’s in a theater near you, I’m sure. If you saw D’Souza’s first documentary, 2016, Obama’s America, you will be equally impressed with this film.
Invite a low-information friend to join you or take your kids, especially teenagers; those home from college.
By now most have heard the “2013 Lie of the Year” as selected by PolitiFacts: “If you like your health care plan, you can keep it.” President Obama said it some 20 times beginning in 2008, knowing it was a lie.
Now it has been revealed in the release of the first batch of the “Clinton Papers” that advisors to President Clinton were concerned about including a similar line about HillaryCare in the 1994 State-of-the-Union address.
President Clinton and Todd Stern (politico.com photo)
Todd Stern, a former top aide to President Clinton, warned of making such a statement asking, “can we get away with it?” and adding, “I am very worried about getting skewered for over-promising here on something we know we won’t deliver.”
Here’s the excerpt by Stern from the “Clinton Papers”:
“We have a line on p. 10 that says ‘You’ll pick the health plan and the doctor of your choice.’ This sounds great and I know that it’s just what people want to hear. But can we get away with it? Isn’t the whole thrust of our health plan to steer people toward cheaper, HMO-style providers? It’s one thing to say we’ll preserve your option to pick the doctor of your choice (recognizing that this will cost more), it’s quite another to appear to promise the nation that everyone will get to pick the doctor of his or her choice. And that’s exactly what this line does. I am worried about getting skewered for over-promising here on something we know full well we won’t deliver.
President Clinton went on to say, “You’ll pick the health plan and the doctor of your choice” in his address. Continue reading