Obama Snubs Reid on Choice for NRC

The White House is expected to renominate Kristine Svinicki to the Nuclear Regulatory Commission.  By doing so, President Obama is acting against the wishes of Senate Majority Leader Harry Reid. Svinicki is one of two Republican commissioners on the NRC (by statute there must be two majority party and two minority party members in addition [...]

FED Predicts High Unemployment Through 2014

Not since Franklin Delano Roosevelt’s re-election has a President of the United States won reelection when the unemployment rate has exceeded 7.2 percent. In April 2012, the Federal Reserve downgraded the economic outlook for the United States economy.  The Fed projects that unemployment will remain on average 8 percent through 2012 and no lower than [...]

Consumer Financial Protection Bureau Founder’s Lineage Questioned

Elizabeth Warren is presently running for the United States Senate against Republican incumbent Scott Brown, but her lineage as a Native American woman has been called into question. In 2010 and 2011 Warren campaigned within the Obama Administration to acquire President Obama’s support for the creation of the Consumer Financial Protection Bureau.  Warren wanted the [...]

Medicare and Social Security Trustees Predict Insolvency

Medicare

The trustees of the Medicare and Social Security trust funds predict that the two funds will be insolvent by 2024 and 2033, respectively.  On those dates neither fund will contain revenues sufficient to cover the costs of benefits.  In 2012, Medicare will provide health insurance to an estimated 50 million Americans, and social security will [...]

Jonathan Emord discusses the Supreme Court’s oral argument on the Health Ranger Report

Jonathan Emord appeared on the Health Ranger Report on March 29, 2012.  Watch Jonathan Emord discuss the March 26-28 oral arguments before the Supreme Court concerning the Patient Protection and Affordable Care Act (“Obamacare”).  

CNN Analyst: Obamacare defense at Supreme Court was “plane wreck”

CNN’s Jeffrey Toobin predicts Individual Mandate will be held unconstitutional.  Justices Aliso, Kennedy, Scalia, and Thomas appear squarely opposed to the mandate.  Justices Kagan, Sotomayor, Ginsburg, and Breyer appear to favor it.  Justice Roberts could be the swing vote and, based on questions posed in oral argument, is clearly troubled by the law.  A 5 [...]

CBO Finds Obama Budget Underestimates Deficits by $3.5 Trillion

The President’s 2013 budget to Congress is off by an estimated $3.5 trillion, according to the Congressional Budget Office.  The CBO finds that the Administration underestimated costs by $3.5 trillion in annual deficits through 2022.  CBO finds that the President underestimated the deficit for 2014 by $365 billion (a figure that alone eclipses the $200 [...]

IRS Employs 90,000 Examiners to Audit Alleged “Transfer Pricing” Tax Evaders

IRS2

The IRS is expending $11.8 billion to finance an army of 90,000 agents in a quest to acquire new sources of taxable revenue from companies that shift their profits from one country to another as a means of reducing U.S. tax liability.  The practice is called “transfer pricing” and it is almost impossible to identify [...]

Obama About Face on Keystone Pipeline

pipeline-oil

In January of 2012, President Obama and Secretary of Energy Steven Chu denied requests from the Canadian company TransCanada to permit a pipeline from Alberta, Canada to Port Arthur, Texas (the so-called Keystone pipeline).  Citing environmental problems, the Administration refused to authorize the Canada to U.S. connection.  That was before gas prices soared and dramatically [...]

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