Facing a feeble economy, a falling approval rating, and a stubbornly-high unemployment rate, the pressure is on for President Obama to do something to get business activity back on track and Americans back to work. So in an address to the nation last Thursday, the President announced a new plan he thinks will do exactly that. Among the proposals, only a few have a chance of passing through the Republican-controlled House of Representatives: to conservative lawmakers, "stimulus" is a dirty word. But fortunately for the President he can proceed with one plan a mortgage refinancing program that will cost taxpayers $600 million entirely without Congressional approval.
The Obama Administration used federal marshals to raid a Nashville company, Gibson Guitars, in August; in an effort to find woods that were illegally imported from India. Tennesseans already know this story, what should make us all furious is the duplicitous way this raid was carried out, and the hypocrisy of Obamas actions.
AFP-Tennessee commends Rep. Marsha Blackburn for taking Gibson Guitars defense to the nations capital; hosting a press conference with Speaker Boehner to deplore the federal governments running roughshod over Gibson Guitars business, and civil rights.
In response to President Obamas speech before Congress, the free market grassroots group Americans for Prosperity (AFP) released the following statement.
AFP President Tim Phillips:
Tonight President Obama finally admitted how poorly the economy is performing three years into his presidency. Unfortunately, he proceeded to double-down on the same failed policies that made this recession even worse.
Americans have seen this before and they know the president's path leads to more job losses, more budget deficits and more malaise. The presidents full-throated call for more government to get us out of this recession tells us all we need to know about his proposal. Tonight we heard a speech where the president talks more about government action than freeing up private sector action. That's backward.
The City of Knoxville is staring at rising pension costs that could be as high as $30 million in just eight years.
The biggest problems with the above statement is we do not know what the pension cost will be in 2019. Because Knoxville, like most local and state governments, operates its pension as a defined-benefit plan it is impossible to know what the actual costs to taxpayers will be.
Should the stock market tank more than it has recently, should health care costs keep skyrocketing, should government employees keep receiving raises that are unheard of in the private sector during a deep recession (read our blog on Knoxvilles extra-generous compensation here), and its possible the citys pension liability will grow well beyond $30 million.
By Phil Kerpen
Vice President, Policy, Americans for Prosperity
The disastrous EPA proposal for unreasonably low ozone standards would have destroyed over seven million jobs and ground industrial activity to a halt. Nearly the whole country would have been out of attainment.
Obama said that he would pause the regulations at this time. He went on to explain: Work is already underway to update a 2006 review of the science that will result in the reconsideration of the ozone standard in 2013. In other words, Obama still plans to pursue this disastrous regulation, but not until after the next election.
Most likely, that was always the plan. The out-of-cycle ozone reproposal never made much sense from a political or practical standpoint, given the weak economy, the impending election, and regularly-scheduled review in 2013.