President Barack Obama has dramatically ramped up the Washington, D.C., giant Crony-fest. Where economic sectors and companies Obama and his Democrats like get the gold mine – and the rest of us get the shaft. For instance, there was $80 billion for “green energy” in the awful 2009 “Stimulus” bill –80% of that coin went to Obama donors.
Bill Gates of Microsoft is one of the wealthiest individuals in the world, so when he speaks it is not surprising that the world tends to listen. In a recent interview, Gates has said that capitalism is inherently unable to solve the problem of global warming, and instead there have to be world-encompassing government-business “partnerships” to save Planet Earth.
Hillary Clinton is going to be the Democrat presidential nominee. (Sorry, Bernie Sanders fans. You too, Martin O’Malley fans – both of you.) Unless – and likely even if – she is indicted for her latest foray into self-defined ethics. She has in her past more than a quarter century of…questionable statements, decisions and actions – so it would appear nothing else in this vein will matter to the Democrat rank and file.
The Democrat Party is currently conducting a presidential primary. The alleged moderate alternative to avowed Socialist Bernie Sanders is Hillary Clinton (despite the fact that she voted 0.1% less Left than he when they served together in the Senate). In last week’s debate, the candidates were asked “Which enemy are you most proud of?” Secretary Moderate’s response?
Beginning in 1983 the government changed its method of calculation to show lower inflation by excluding food and energy, claiming they were too volatile to be reliable indicators. The result is the so-called “core inflation” CPI, which is a favorite of the Federal Reserve. The latest figure for this CPI reported by the Bureau of Labor Statistics is 0.4% (for August and also July), but if calculated by the method used in 1980 the inflation rate would be 7½ percent, as shown by Shadow Government Statistics (ShadowStats.com).
Behold Mark Cuban – a wildly successful entrepreneur. He in 1995 co-founded Broadcast.com – and in 1999 Yahoo! way overpaid $5.7 billion for it. Ever since, Cuban has in Donald Trump-like fashion built himself into a brand – The Entrepreneur. Like Trump, he loves embodying the pursuit of professional victories. Like Trump, he turned his doing-business-vision into a high-ratings network television show (well, Trump turned his into two).
Being Leftist means never having to say you’re sorry. Being a huge Barack Obama-Democrat donor doesn’t hurt either. Being incredibly generous in support of Leftism also allows you to enact incredibly anti-free market, anti-Reality policies that are a huge boon to you – at the exorbitant expense of the private sector players who made your successes possible.
In today’s episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Tax Foundation policy analyst Jared Walczak about a new study comparing states’ business tax rates and tax structures.
Paring it down to size will require a death by a thousand cuts, which, in environmental and energy policy, may have begun with the passage of the Cromnibus budget bill in late 2014. The Cromnibus might mark the beginning of a slow reduction of the federal government’s overreach in environmental issues.
So how do White House, EPA, UN, EU, Big Green, Big Wind, liberal media, and even Google, GE and Defense Department officials justify their fixation on climate change as the greatest crisis facing humanity? How do they excuse saying government must control our energy system, our economy and nearly every aspect of our lives – deciding which jobs will be protected and which ones destroyed, even who will live and who will die – in the name of saving the planet? What drives their intense ideology?
The U.S. territory of Puerto Rico owes more than $70 billion—about $19,729.43 per resident—in debt to creditors and investors. First to note the territory’s fiscal problems were the credit rating agencies, which downgraded the territory’s bond status to “speculative,” the first of three steps along the junk-bond path to loan default.
With many cities and states struggling to balance their budgets and financially strained taxpayers unable to sustain liberal spending sprees, elected officials are being compelled to choose between raising taxes and service fees or cutting back on the quality and quantity of services provided.
In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with Leonard Gilroy. Gilroy is director of government reform at the Reason Foundation. Gilroy joins Hathaway to discuss the benefits of privatization.
Twenty-nine states, more than half the stars on the American flag, have filed lawsuits against the U.S. Environmental Protection Agency for redefining the “Waters of the United States,” or WOTUS, erasing “navigable” and usurping states’ rights by including local seasonal streams, farm irrigation ponds, roadside ditches, and even “connective” dry lands placed under authority of the Clean Water Act.
While the FCC’s Open Internet Order fact sheet stated: “the Order makes clear that broadband providers shall not be subject to tariffs or other form of rate approval, unbundling, or other forms of utility regulation,” will the FCC majority — in its first post-Open-Internet-order ruling — cynically do the exact opposite by imposing de facto “utility-style rate regulation” to the IP transition from copper to fiber networks?
When you read a headline such as one from CNBC touting “Solar power’s stunning growth,” realize that it’s thanks to you—even if you’ve never even thought of putting solar panels on your roof or live in an apartment where you couldn’t install them if you wanted to. If you live in the United States, vote, pay taxes, and get your electricity from a utility company, you’ve helped the solar power industry. You support the solar industry through a variety of tax and regulatory policies—voted in by politicians you elected—that favor it over other lower-cost forms of electricity generation.
As several business owners in North Carolina recently found out, “green” nonprofits aren’t always forthcoming about their agendas. Despite receiving tens of millions of dollars from billionaires like Tom Steyer and former New York City Mayor Michael Bloomberg, many of these environmental groups have taken to desperate measures to attract support from the general public for their unpopular agendas.
The Ex-Im Bank has become a key talking point in the 2016 presidential campaign, but most people don’t even know what it is or why it exists. They surely don’t know that it is a New-Deal era government program that takes our tax dollars and gives them to big businesses—like Boeing, ExxonMobil, and General Electric—to make it easier to sell their products overseas.
The just released County Business Patterns indicates a general trend of continued employment dispersion to the newer suburbs (principally the outer suburbs) and exurbs but also greater concentration in the central business districts of the 52 major metropolitan areas in the United States (over 1 million population in 2013). County Business Patterns is a Census Bureau program that provides largely private-sector employment data by geography throughout the nation.
In spite of the great advances in reducing poverty and increasing the freedom and dignity of hundreds of millions of people around the world, the political and cultural climate virtually everywhere around the world is one of anti-business and anti-capitalism.