Under Obama, America Falls Way Behind In Creating Rich Entrepreneurs

Excerpted from CNBC The creation myth of American wealth is almost always rooted in the entrepreneur. It's the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program. But despite ...

Conservative Canadian Government Presides Over 500% Higher Job Growth Than US

Excerpted from FRONT PAGE MAG I wonder what Canada’s secret is, besides electing Stephen Harper instead of Barack Obama. While the administration and media are trying their best to declare May’s mediocre job report a success, there is word up north that conservative principles at work can create jobs. This month, the United ...

LOL – Obama: ‘We Don’t Want to Tax ALL Businesses Out of Business’

Excerpted from CNS NEWS - President Barack Obama says Democrats "don't want to tax all businesses out of business." "I know that there are a few Republicans here in the audience," Obama said Friday at a fundraiser for the Democratic Senatorial Campaign in Palo Alto, Ca. "If you talk to us, it turns out we're pretty common-sense ...

Record 23,116,441 Households, 47,792,056 People On Food Stamps

Excerpted from The Daily Caller: The number of American households on food stamps reached a new record high in March, according to new data released by the Agriculture Department. The March numbers the USDA released Friday reveal 23,116,441 households enrolled in the Supplemental Nutrition Assistance Program (SNAP), or food stamps, each receiving an average monthly ...

NBC News/WSJ Poll: Americans Blame Welfare For ‘Persistent Poverty’

Excerpted from The Daily Caller: Americans blame government welfare programs for persistent poverty more than other factor, according to a NBC News/Wall Street Journal poll released this week. Out of a choice of eight factors, 24 percent of Americans said “too much government welfare that prevents initiative” is the reason for persistent poverty which has become ...

FORWARD – Real Unemployment Rate: 11.3%

Excerpted from Zero Hedge: There are job numbers, and then there are job numbers which make sense in the context of a US population that keeps rising. By now the trick of lowering the unemployment rate courtesy of a "collapsing" labor force participation rate is known by all. As we showed earlier, the LFP, despite posting a ...

U.S. Loses $10 Billion Dollars On GM Bailout

Excerpted from The Detroit News: Washington — The U.S. Treasury said Wednesday it plans to sell 30 million additional shares of General Motors stock in a new public offering in conjunction with GM’s return to the S&P 500 index on Thursday. The United Auto Workers Retiree Medical Benefits Trust — which holds about 14 percent of GM ...

Obama’s Christmas Tree Tax is Back

Excerpted from The Heritage Foundation It’s never too early for Washington, D.C., politicians to dampen the holiday spirit. The House Agriculture Committee approved an amendment to its farm bill that would lift the stay blocking implementation of Obama’s Christmas tree tax. We should be thankful the Agriculture Committee doesn’t have jurisdiction over toys. The Christmas Tree Tax Some ...

Farm Bill Full of Pork for Democrats

Excerpted from Heritage Foundation: Congress is considering the renewal of massive agriculture subsidies that proponents characterize as a crucial “safety net” for struggling family farms. In fact, most of the taxpayer support is actually pocketed by the well-to-do, including former President Jimmy Carter, the current Secretary of the U.S. Department of Agriculture (USDA), and the families ...

NYT: Oil Companies Paid Most Taxes Of Any Corporation

Excerpted from the Daily Caller: The three largest oil companies paid the most in taxes in absolute terms of all major corporations, according to data on S&P 500 companies compiled by The New York Times. President Barack Obama has chastised oil companies for receiving billions of dollars in tax breaks. However, the Times reports that ExxonMobil paid ...

RECORD 10,978,040 NOW ON DISABILITY

Excerpted from CNS NEWS - The total number of people in the United States now receiving federal disability benefits hit a record 10,978,040 in May, up from 10,962,532 million in April, according to newly released data from the Social Security Administration. The 10,978,040 disability beneficiaries in the United States now exceed the population of all but ...

Fed Signals Plan to Wind Down Stimulus, Possibly Triggering Recession

Excerpted from Zero Hedge: After the market’s close on Friday, Jon Hilsenrath at the Wall Street Journal released an article implying that the Fed might remove or reduce its QE programs before the year end. The reason this matters is because Hilsenrath is thought to be an unofficial mouthpiece for the Fed. Time and again he’s released ...

Sounding Suspiciously Like An Obamabot, AAA President Blames Sequester For Worsening Economy, Drop In Memorial Day Travel

Excerpted from The Hill: The number of Americans who are expected to take trips to celebrate the Memorial Day holiday is down 0.9 percent from last year, according to predictions released by the AAA Auto Club. The auto club predicted that 35.4 million Americans will travel to destinations that are more than 50 miles from ...

CNN Poll: 2/3 Say Economy In Bad Shape

Excerpted from Briefing Room: Two-thirds of American voters say that the nation's economic conditions are poor, but optimism about the state of the country's financial system is rising, according to a new poll released Friday. The survey, by CNN and ORC, found that 67 percent of Americans rate the nation's economic conditions as poor. But that's ...

House Votes To Override Obama Veto Of Keystone Pipeline

Excerpted from The Hill: The House passed a bill Wednesday that would approve the northern leg of the Keystone XL oil sands pipeline by an act of law, and take the decision out of the hands of President Obama. Members voted 241-175 in favor of H.R. 3, the Northern Route Approval Act. Republican supporters were joined ...

Treasury Secretary Jack Lew Orders Congress To Raise Debt Ceiling, Says It’s ‘Not Open To Debate’

Excerpted from THE HILL Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." "We will not negotiate over the debt limit," Lew wrote. "The creditworthiness of the United States is non-negotiable. The question ...