Economics

Obama hosts “Sequester Memphis Soul” party at White House

By Steve McGough | April 10, 2013 |

The party must go on. First and foremost – you realize don’t you – the federal government will be spending billions of dollars more than they did last year even though the so-called “devastating” sequester is in place. Everything is being canceled everywhere, and even the president plans to “give back” 5 percent of his…

New York tax credit may lure ‘The Tonight Show’ back to city

By Steve McGough | March 22, 2013 |

New York’s liberal governor, Andrew Cuomo (D) has tucked in a budget provision that would make tax credits available to a live-audience TV talk show that pretty much mirrors what NBC’s “The Tonight Show” would look like if it moved back to New York City.

European Union to confiscate savings in Cyprus in return for bailout

By Steve McGough | March 18, 2013 |

The plan put forth by European finance ministers is to outright confiscate 9.9 percent from any person with a Cyprus bank account with more than €100,000 ($129,000 US). Of course, there are not many accounts holders who have that much cash, so ministers went after everyone else too, demanding 6.7 percent from anyone with cash in…

Percentage of part-time workers looking for full-time work back at 2 year high

By Steve McGough | March 7, 2013 |

From Gallup’s recent update we learn their measure of part-time workers who would prefer to have a full-time job is back up to 10.1 percent, which is back to the two-year high.

Video – Hannity vs. Keith Ellison on the sequester

By Steve McGough | February 27, 2013 |

Jim asked me to post the video from Sean Hannity’s show last night and the interview with Rep. Keith Ellison (D-Minn.). To say this was an embarrassment for Ellison would be the understatement of the week.

Sequestration’s “armegedon”

By SoundOffSister | February 22, 2013 |

We’ve posted on the “parade of horribles” the President claims will occur if his sequestration idea isn’t reversed by Congress.  Let me add some more facts.

Upcoming sequester cuts less than Warren Buffett’s total wealth

By Steve McGough | February 21, 2013 |

That’s right, the total and complete disaster we face on March 1 will be the result of cutting a whopping $44 billion from the budget in one year. Warren Buffet’s estimated wealth? $46 billion.

The growing threat of Obama’s sequester “cuts” (Video) and Update

By Steve McGough | February 20, 2013 |

Crying wolf one too many times? A long, long time ago the United States Congress had to deal with what was referred to as a “Fiscal Cliff.” If we went over the cliff, it would be disastrous for the United States and the world. To solve the problem, Congress changed the rules. What makes you think the…

Rand Paul: Obama political math is absurd (Video)

By Steve McGough | February 17, 2013 |

To be certain, this type of math has been used forever by the federal government. If you just purchased an iPad Mini for $329, do you think you could get away with coming home and telling your significant other you just saved $170 by not buying the full-sized iPad?

Obama on poverty: Let’s just get rid of it by raising the minimum wage!

By Steve McGough | February 13, 2013 |

Brilliant! I consider myself a relatively smart person, I know a lot of things about a few subjects and I’ve dabbled a little bit when it comes to running a small business, working for Fortune 50s, and even helping out at start-ups … but I never had the idea to raise the minimum wage to…