by Bill O'Connell on January 27, 2012
President Obama, always on the campaign trail, is now on the road trying to explain why his class warfare strategy is not class warfare. In his State of the Union address, he once again invoked the “Buffett Rule”, which is little more than a fig leaf to allow Obama to raise taxes. But what about some other “Buffett Rules”?
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by Bill O'Connell on December 30, 2011
In his recent telephone town hall meeting, Tim Bishop expressed his support for the continued payroll tax holiday but making it clear that it would have no impact on the Social Security Trust Fund. Money for Social Security would continue to go into the trust fund from other sources. What other sources you might ask? I may have an answer for you.
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by Bill O'Connell on December 14, 2011
Congressman Tim Bishop held an online town hall meeting to hear questions from constituents and give his answers. Perhaps he thought this a safer forum than a live town hall meeting. Last year’s meeting in Setauket did not go well and was soon viral on You Tube.
I will comment on three of the topics from that meeting: the payroll tax cut, regulations, and manufacturing jobs.
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by Bill O'Connell on December 11, 2011
With the economy in shambles and his campaign sound bites and early interviews as president coming back to haunt him, President Obama has ramped up the class warfare rhetoric. Let’s put the lie to these strategies.
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by Bill O'Connell on December 8, 2011
Jon Corzine, one of those very smart Wall Street guys, the former head of Goldman Sachs, testified before Congress today to answer questions as to what happened to his firm MF Global, which is now one of the largest bankruptcies in US history. There is over $1 billion unaccounted for. He simply doesn’t know where it went. This is the guy that Obama and Biden praised when they took office as the first guy they would turn to in the midst of the economic crisis. It explains a lot about where we are today.
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by Bill O'Connell on September 23, 2011
President Obama Speaking at Solyndra
Congressman Tim Bishop has not been able to keep from spending, no matter what. The Postal Service has an $8.5 billion deficit, and Tim Bishop is out there fighting to keep an unneeded post office open. We are trillions of dollars in debt and he comes out blasting the Tea Party, because they want Congress to not waste anymore money on green boondoggles like Solyndra.
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by Bill O'Connell on September 20, 2011
When does the decent interval end? When does the clock run out on giving the president the benefit of the doubt and when is it time to call it as you see it, no holds barred?
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by Bill O'Connell on August 30, 2011
Photo by cursedthing
We saw the beginnings with the Battle of Wisconsin. The one place were unions were growing robustly was in the public sector, surpassing the private sector for the first time in 2009. But then 2010 happened.
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by Bill O'Connell on August 26, 2011
Photo by Dave Makes
Two news items yesterday, when put together, start to tell an interesting story. Warren Buffett invested $5 billion in Bank of America in a private sweetheart deal that will guarantee him a 6% return (that’s $300 million per year) and he is hosting a fund raiser for Barack Obama in New York where the tickets start at $10,000. What’s going on?
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by Bill O'Connell on August 18, 2011
Photo by Sillgwailo
Starbucks CEO Howard Schultz wrote an open letter to his fellows CEOs about the current economic situation. (Howard Schultz CEO Letter) In it he calls for action. The letter and Mr. Schultz are interesting both for what they say and what they don’t.
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