Money and Business

Fuel Prices Up 15% Since Jan. 1st

I can remember Senator Charles Schumer (D -NY) standing in front of the pumps and blaming Bush for the high cost of fuel. Well, now that the same effects of not drilling (courtesy Congress and the Whitehouse) are showing up at the pumps, I doubt that any Democrats are going to decry this administration’s policies. Meanwhile, ANWR, Gulf Oil and domestic drilling lie fallow.

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Stinkin’ Budget

The O-budget is out today. It’s just what we figured the socialist leadership would do. Tax the rich more and provide entitlements. Same song, different day. Meanwhile, congressional Democrats say we don’t need no stinkin’ budget, according to Ramirez . . .

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From IBD:

Democrats Failure To Pass Budget Is Illegal

Two top Democrats in Congress say the legislature doesn’t really need to pass a budget. Excuse us, but passing a budget isn’t optional; it’s required by law. Is this the future of rule under the Democrats?

House Minority Whip Steny Hoyer is tired of passing budgets as the law demands. He thinks Congress can just keep spending money without any sort of budget.

“The fact is, you don’t need a budget,” he said last Tuesday. “We can adopt appropriations bills. We can adopt authorization policies without a budget. We already have an agreed-upon cap on spending.”

Actually, “the fact is,” Congress is required under the Congressional Budget and Impoundment Control Act of 1974 to pass a spending plan and then have it scored by the Congressional Budget Office and signed by the president. That none of this happens suggests a level of disrespect for the law and the people found only among criminals.

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No Limitations

Ramirez makes a subtle comparison between the 2012 O-budget and a credit card consumer making an outrageous request of his creditors.

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The President’s 2012 budget proposal contains 43 tax hikes. All of them are utterly unnecessary. They will burden Americans with $1.5 trillion in taxes over the next ten years. He proposed to raise taxes and spending as a higher percentage of GDP in history. This will be a disaster for the economy. It will slow recovery, hurt job creation, will make American companies less competitive, and will burden all of us with higher taxes and, worse yet for seniors, it will increase consumer costs — a real problem for people on fixed incomes.

Reid Says No to Passing Jobs Bills

harry-reid.jpg[Cross-posted from TWM.]

Unemployment has been at or above 9 percent nationwide, yet when presented with seventeen genuine job creating bills, Senate Majority Leader Harry Reid (D – NV) says “No” to the House of Representatives.

House Republicans have passed job-creating bills that are being stalled by Harry Reid and the Democrat-controlled Senate, who refuse to even bring the bills to the Senate floor for a proper vote. Senate Democrats refuse outright to work with their Republican counterparts to get jobs created.

Here is a list of the seventeen measures which would all have a positive effect on reducing unemployment and is being stalled by Reid and the Democrats:

  1. H.R. 872—Reducing Regulatory Burdens Act
  2. H.R. 910—Energy Tax Prevention Act of 2011
  3. H.J. Res. 37—Disapproving the rule submitted by the Federal Communications Commission with respect to regulating the Internet and broadband industry practices
  4. H.R. 1230—Restarting American Offshore Leasing Now Act
  5. H.R. 1229—Putting the Gulf of Mexico Back to Work Act
  6. H.R. 1231—Reversing President Obama’s Offshore Moratorium Act
  7. H.R. 2021—The Jobs and Energy Permitting Act of 2011
  8. H.R. 2018—Clean Water Cooperative Federalism Act of 2011
  9. H.R. 1315—Consumer Financial Protection & Soundness Improvement Act
  10. H.R. 1938— North American-Made Energy Security Act
  11. H.R. 2587—Protecting Jobs From Government Interference Act
  12. H.R. 2401—Transparency In Regulatory Analysis Of Impacts On The Nation
  13. H.R. 2681—Cement Sector Regulatory Relief Act
  14. H.R. 2250—EPA Regulatory Relief Act
  15. H.R. 2273—Coal Residuals Reuse and Management Act
  16. H.R. 2433—Veterans Opportunity to Work Act
  17. H.R. 674—To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities

The preceding list of measures provided by Congressman Trent Franks (R – AZ).

Labor Day

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As a president, Barack Obama has been a force for mediocrity. He has banked more on the hopeless interventions of government than on the exceptionalism of the people. His greatest weakness as a president is a limp confidence in his countrymen. He is afraid to ask difficult things of them.

— Hoover Institution’s Shelby Steele