Tag Archives: President Obama

Congress Quietly Repeals Their Ban On Insider Trading

Congress Quietly Repeals Their Ban On Insider Trading

The Stop Trading on Congressional Knowledge Act, or STOCK Act, was a law passed last year designed to prevent insider trading among lawmakers and government officials by requiring them to post disclosures of their financial transactions online. I use the past tense, because the current Congress has very quietly killed it: Both parties and both

Union That Backed Obamacare Now Wants It Repealed

A 22,000-member union that was once a strong supporter for Obamacare, and which endorsed President Obama in 2008 and 2012, now wants Obamacare repealed: A labor union representing roofers is reversing course and calling for repeal of the federal health law, citing concerns the law will raise its cost for insuring members. Organized labor was

Federal Government Breaks Record In Tax Receipts

President Obama and his fellow Democrats say we need to raise taxes to fix the federal government’s debt and deficit problems, but the federal government just hit a new record for revenues shattering the previous high set in 2007: The federal Treasury expects to collect a record $2.712 trillion in taxes on Americans and U.S.

President Obama's War On Saving

“I do think at some point you’ve made enough money,” President Obama said in 2010. Here’s that attitude about wealth at play, with President Obama’s budget calling for a cap on savings in IRS and 401k plans: Obama’s budget seeks to prohibit investors from accumulating over $3 million in tax-preferred retirement accounts. “Individual retirement accounts

Heidi Heitkamp Announces Support For Gay Marriage

Senator Heidi Heitkamp just put out this statement about gay marriage after weeks of pressure from left-wing groups targeting her as being one of just a few remaining Demcorats who were opposed: “In speaking with North Dakotans from every corner of our great state, and much personal reflection, I have concluded the federal government should

New Gun Sales Under Obama Up 94% Compared To Gun Sales Under Bush

President Obama has been very, very good for gun sales. As measured by the the NICS background checks required for new gun sales, the number of gun purchases has nearly doubled under President Obama as compared to sales under President Bush. What will be interesting is to see if this massive spike will result in

Obama Pushing Banks To Make Subprime Loans Again

“Obama administration pushes banks to make home loans to people with weaker credit,” reads the Washington Post headline. Because it worked out so well the last time we did that. The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say

Poll: People Like Obama, But Not So Much His Policies

“People (still) really like President Obama,” reports the The Washington Post today pointing to a new WaPo/ABC News poll showing just that. “Fifty-seven percent of people view Obama favorably in the new Post-ABC survey while 41 percent regard him unfavorably,” reports the Post. “Those numbers are remarkably similar to the 60 percent favorable/37 percent unfavorable

Having Solved That Whole Budget Problem, Obama Pivots To Gays And Guns

The Senate passed a budget for the first time in four years. So, you know, fiscal crisis solved. President Obama devoted his weekly radio and internet address Saturday to pushing for more gun control in response to the mass killing in Newton, Connecticut last year. “As a nation, the last three months have changed us,”

Setting The Bar Low For Obamacare: “Let’s just make sure it’s not a third-world experience."

The Obama administration isn’t setting the bar very high for themselves when it comes to the implementation of the “Affordable” Care Act. Amid news that premiums are going to skyrocket under the law, the Obama administration official in charge with overseeing the implementation of the health insurance exchanges just wants to make sure Americans don’t

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