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By Dan
Tuesday, January 26, 2010
By Dan
Obama is promising a budget freeze on non-discretionary, non-defense funding. This amounts to a “freeze” on $450 billion out of $3.6 trillion budget. That’s about 12.5%. So Obama is promising to “freeze” spending on 12.5% of the federal budget. (An idea he harshly criticized during the campaign.)
To put that in perspective, most Americans spend... »
By Dan
Thursday, October 15, 2009
By Dan
Obama has promised to deliver healthcare to 45 million Americans, including 15 million illegal aliens, over 30 million Americans, and not “add one single dime to the federal deficit.” This promise hinges on Obama eliminating “fraud, waste and abuse” in Medicare, cutting Medicare advantage, and to a large extent, promising today that some... »
By Dan
Monday, September 28, 2009
By Dan
Unhappy with merely ruining the financial markets and the healthcare system, Obama is now setting out to destroy what remains of the American educational system. President Obama, a self-described Constitutional professor, somehow believes it within the president’s power to manage the length of the school year and each individual school day. I can... »
By Dan
Saturday, September 5, 2009
By Dan
President Joe Biden was out stumping for his stimulus bill (now that it’s gone south, Obama has pawned it off on him). Left to reconcile Obama’s lofty rhetoric with the cold, stark reality, Biden laughably said on Thursday that the stimulus bill had created or saved between 500,000 and 1,000,000 jobs. ... »
By Dan
Thursday, August 27, 2009
By Dan
The statistics are out for Cash for Clunkers, and like any government program, the results are not pretty. The following chart shows the percentage of sales and (presumed) Cash for Clunkers outlays by manufacturer:
Company
Foreign/Domestic
% of Sales
Cash Paid
Toyota
Foreign
19.4%
$558,312,600
GM
Domestic
17.6%
$506,510,400
Ford
Domestic
14.4%
$414,417,600
Honda
Foreign
13.0%
$374,127,000
Nissan
Foreign
8.7%
$250,377,300
Hyundai
Foreign
7.2%
$207,208,800
Chrysler
Domestic
6.6%
$189,941,400
Kia
Foreign
4.3%
$123,749,700
Subaru
Foreign
2.5%
$71,947,500
Mazda
Foreign
2.4%
$69,069,600
Volkswagen
Foreign
2.0%
$57,558,000
Suzuki
Foreign
0.6%
$17,267,400
Mitsubushi
Foreign
0.5%
$14,389,500
MINI
Foreign
0.4%
$11,511,600
Smart
Foreign
0.2%
$5,755,800
Volvo
Domestic
0.1%
$2,877,900
All Other
Neither
0.1%
$2,877,900
Total
Foreign
61.3%
$1,761,274,800
Total
Domestic
38.6%
$1,113,747,300
Although many “Foreign” car manufacturers actually manufacturer their cars in the U.S.,... »
By Dan
Saturday, August 22, 2009
By Dan
Today’s Friday afternoon data dump announcement that the ten-year deficit is projected by the Obama administration to be $9 trillion rather than $7 trillion as it had previously said, apparently comes as a surprise to some. Those with more elephantine memories will recall, however, that back in late February and March, a very young... »
By Dan
Tuesday, August 4, 2009
By Dan
Democrats in Congress are anxious to add another $2 billion to the fiasco known as Cash for Clunkers. To understand how little $2 billion is to the federal government, as I’ve said before, divide $2 billion by $2.3 trillion and multiply the result by your gross salary (so not much; about the equivalent of... »
By Dan
Tuesday, July 21, 2009
By Dan
Richard Feynman, one of the greatest physicists, once said “There are 10 to the 11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.”
The soon-to-be former... »
By Dan
Friday, July 17, 2009
By Dan
In January and early February, indeed since November, Barack Obama converted his massive campaign effort into a push for the stimulus package. He promised us that waste would not be tolerated, that every penny would be scrutinized. He summoned and summarily destroyed strawmen to show that inaction was not an option. We were told... »
By Dan
Tuesday, July 14, 2009
By Dan
Imagine that the economy is a person, and that person is ill. They go to their doctor, Dr. Obama. Dr. Obama says:
“Well, it’s not good. Remember back a few years ago when you lapsed into a coma and almost died? It’s the worst you’ve been since then. You haven’t... »
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