Truth Has No Agenda (GB)

Archive for July 10, 2012

House GOP poised to hold vote on repeal of ObamaCare after Supreme Court ruling [30th Time!]

[FoxNews.com]

By

Published July 10, 2012

House Republican leaders are forging ahead with plans to hold a vote Wednesday on a full repeal of President Obama’s health care law, after launching debate on the repeal measure Tuesday nearly two weeks after the Supreme Court upheld most of the law as constitutional.

Wednesday will mark the chamber’s second vote to repeal the Affordable Care Act in full, though this attempt is being given no greater chance of passing the Democratic-controlled Senate. Obama has vowed to veto any such measure, were it to reach his desk.

House Republicans have held 29 other votes aiming to gut specific parts of the law since 2011.

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Obama’s Middle Class Tax Hikes

[RedState.com]

Posted by: Daniel Horowitz (Diary)

Tuesday, July 10th at 12:00PM EDT

While Obama is prosecuting a flaccid war overseas and apologizing for our troops when they defend against Taliban attacks, he is fighting a no-holds-barred class war at home.  Once again, Obama has announced that he will orchestrate the largest tax hike in American history on those earning more than $200,000.  After all, taxing the rich is a great way to raise revenue; it worked so well in Maryland.  Oh, wait.

But fear not, he will renew the Bush tax cuts on those earning under $200,000, while repackaging them as his own tax cuts.

There’s one problem with Obama’s assertion that he hasn’t raised taxes on the middle class.  YOU LIE!  Government regulations and interventions that Obama supports will raise the cost of living on the middle class for the most vital goods and services.  Those higher costs will trump any savings they actualize as a result of the tax cut extension.  Oh, and there’s one other problem.  He’s forgetting about the massive tax increase on all those who don’t purchase government-approved health insurance.

In that vein, let’s review some of the hidden [or not so hidden] tax increases on the “middle class” that Obama has orchestrated:

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This Graph Says an Awful Lot About the So-Called ‘Recovery’

[TheBlaze.com]

Lately, we’ve been hearing a lot about “the recovery” and lot of arguing over who’s to blame for its supposed slowdown. But before we got too bogged down in who’s responsible for retarding economic growth, maybe we should first look at the data.

Without one word of explanation, Harvard University econ professor Greg Mankiw posted the following graph to his blog:

This Graph Says an Awful Lot About the So Called RecoverySource: Bureau of Labor Statistics

As you can see, the shaded area indicates the recession and everything to the right of that is the so-called “recovery.”

Huh.

So, was this what the White House meant when it said we’re moving in the right direction or should we just not read too much into the data?

(H/T: Hot Air)


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