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Obama’s Failed Energy Policy Has Fueled Dismal Job Creation

Obama’s Failed Energy Policy Has Fueled Dismal Job Creation

In his State of the Union Address, President Barack Obama again gave lip service to a national energy policy.

And again, nothing has happened, or will happen.

From the very beginning of his administration, he has failed to grasp the realities of America’s 21st century energy requirements and their relationship to jobs and the economy.

Now rising oil prices (the average price of a gallon of regular gasoline has jumped 13.1 cents to $3.518 in the past month, according to auto club AAA) ...

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US Trade Tide Moving in the Wrong Direction

US Trade Tide Moving in the Wrong Direction

Once again, rhetoric from the Obama administration has trumped action.

President Barack Obama’s pledge to double exports in five years is off to a rocky start. Tax relief and support for U.S. exporters has failed to materialize. The result is the U.S. trade imbalance continues to grow.

The U.S. trade deficit in goods and services increased to $558 billion in 2011 from $500 billion in 2010. That’s up 11.6 percent from 2010 as imports continue to rise much faster than exports.

As a ...

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Cherry-Picking the Employment Numbers

Cherry-Picking the Employment Numbers

The White House trumpeted an unemployment figure of 8.3 percent as great progress. That would be encouraging if it were true. It’s not. The administration selectively chose the data that seemed to indicate a drop in unemployment while ignoring any numbers that would detract from their findings.

Interestingly, this is exactly how the first unemployment figures were tabulated in 1878 by Carroll D. Wright, chief of the Massachusetts Bureau of the Statistics of Labor. According to the New York Times, he ...

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A Wealth Gap or a Crisis of Confidence?

A Wealth Gap or a Crisis of Confidence?

Winston Churchill once wrote: “You don’t make the poor richer by making the rich poorer.”

If he were sitting in the House chamber during President Barack Obama’s State of the Union Address, Churchill would have been flabbergasted by the contention that a “wealth gap” was the cause of the nation’s woes.

It’s not a wealth gap that is slowing recovery – it’s a crisis of confidence in Obama’s ability to lead the nation.

Some of history’s most accomplished leaders, like Churchill, got their ...

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A Cautionary Tale About Brain Drain

A Cautionary Tale About Brain Drain

If you’re following the financial mess in Europe, the U.S. economy in comparison doesn’t look that bad. Yes, the United States is suffering through its worst economic malaise in more than a generation but our entrepreneurs, small business owners and inventors are giving us hope by slowly getting us back on our feet.

That’s not the case in Europe, which is experiencing a domino effect as once financially viable countries are drowning in debt and are in danger of defaulting.

What we ...

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