Redstate

Posted at 9:58am on May 9, 2008 Economists Back McCain

By California Yankee

The Wall Street Journal's economics blog, Real Time Economics, reports Senator McCain was the clear favorite of those economists who responded to the question:

"Which of the three remaining presidential candidates offers the most responsible fiscal policy proposals in your view?"

Twenty-one economists, or 75% of the respondents, chose Senator McCain, the republican nominee to be. Obama came in second with the backing of six economists, or 21% of the respondents. Just one economist picked Hillary.

The question was asked as part of the Journal's latest forecasting survey.

In another interesting finding from the survey, 51% of the respondents said demand from China and India was the prime factor in soaring energy prices, and 41% said the demand was the chief contributor to rising food costs. Constraint in supply was cited second most often; Twenty percent blamed supply problems for higher food prices, and 15% for increasing energy prices. If these economist are right, there is little the U.S. can do to ease the pain of higher energy and food prices.

According to he survey, the price of crude is expected to fall to about $105 by the end of next month and to about $93 by the end of the year, overall inflation will continue, and gasoline prices are expected to stay high. Get use to it.

Posted in 2008 | Economy | John McCain — Comments (15)/ Email this page » / Read More »

Posted at 7:48am on Apr. 30, 2008 FactCheck.org Agrees - DNC Takes Over Obama's Lies

By California Yankee

On Monday I went after Howard Dean and company for picking up Obama's lies with another less than truthful ad.

Now FactCheck.org has examined the Democrat's latest prevarications and found, once again, that the Democrats' ad "twists" what Senator McCain actually said:

The ad twists the sense of McCain's words by showing images of war, when he was really talking about a peaceful troop presence. Imagine how different the ad would seem if it showed images of, say, American troops walking the streets of Tokyo or Seoul and had included what McCain said about "Americans ... not being injured or harmed or wounded or killed."

Anyone who didn't already know the fuller version of McCain's answer could easily be fooled into thinking that McCain would be perfectly happy to see the war continue. McCain has said quite clearly that he considers Democratic proposals for a quick withdrawal from Iraq to be "surrender," and so deadly fighting could well continue longer under a President McCain than under either a President Hillary Clinton or a President Obama. But what the DNC ad conveys is the opposite of what McCain said.

Read on, there's more.

Posted in 2008 | Barack Obama | DNC | Economy | Howard Dean | Iraq | John McCain — Comments (3)/ Email this page » / Read More »

Posted at 10:54am on Apr. 24, 2008 Americans trust McCain more than Obama on the economy

A consequence of Dems not caring about the white working class?

By Soren Dayton

This morning, I wrote about Barack Obama's Chief Strategist saying that they don't need the white working class vote. The problem for Barry -- and good news for John McCain, the GOP, and our country -- is that this may be a symptom of a broader problem.

People don't trust Barack Obama on the economy. Check out this slide from a Rasmussen video. So, McCain is winning on the economy and on Iraq. Aren't those the two most important issues in 2008?

Posted in 2008 | Barack Obama | Economy | John McCain — Comments (1)/ Email this page » / Read More »

Posted at 12:20pm on Apr. 20, 2008 Still More 'Distortion,' 'Rank Falsehood,' 'Seriously Misleading' Statements and 'Outright Lying' From Obama

Chapter III

By California Yankee

Here he goes again.

Barack Obama, after being beat up by numerous factcheckers for grossly misrepresenting Senator McCain's "100 Years" comment, finally dropped that distortion from his stump speech. Obama stopped using that line because it became obvious to all, even the admittedly Obamamania infected main stream media, that Obama's misrepresentation of McCain's comment was a "serious distortion to the point of rank falsehood."

Now Obama is distorting Senator McCain’s remarks about the economy. At a speech in Erie, Barack Obama quoted John McCain as saying, "I think if you look at the overall record and millions of jobs have been created, et cetera, et cetera, you could make an argument that there's been great progress economically over that period of time." Unfortunately, in his distorting way, Obama did not recite the second part of the statement where McCain said, "But that's no comfort. That's no comfort to families now that are facing these tremendous economic challenges."

Watch the following video, which shows that Obama once again grossly misrepresented McCain's comments:

Read on, there's much more.

Posted in 2008 | 2008 Presidential Campaign | Barack Obama | Economy | John McCain — Comments (2)/ Email this page » / Read More »

Posted at 9:09am on Feb. 11, 2008 Economists: Granholm's economy worst since Great Depression!

By RightMichigan.com

Cross-posted on Right Michigan at www.RightMichigan.com.

Yikes.  This can't be what the Granholm administration was hoping to hear from an Ann Arbor think tank.  A recent study undertaken by a group of big brains down around the University of Michigan examined the State's biggest metropolitan areas along with the other big cities across the country to figure out where exactly the rest of the big brains are choosing to locate.

Posted in Archived | Congress | Economic Stimulus | Economy | jennifer granholm | Michigan | rebate | tax cut | tax hike — Comments (1) / Email this page » / Read More »

Posted at 1:16am on Jan. 13, 2008 "We want the status quo, but we want jobs and a better economy"

Taiwan Walks on the Knife-Edge

By blackhedd

Briefly noted, this followup to my piece posted here on the Parliamentary elections held today in Taiwan. The opposition Kuomintang (KMT) party did very well, as expected, picking up 81 seats out of 113 in a smaller, reorganized legislature.

The outcome portends a similar result in Taiwan's presidential election, to be held on March 22. With this vote, the Taiwanese have strongly endorsed the KMT's long-stated desire for closer business and financial relations with the People's Republic of China.

More...

Posted in Economy | Foreign Affairs | Reunification | Taiwan — Comments (13)/ Email this page » / Read More »

Posted at 2:34pm on Jan. 12, 2008 McCain town hall in Reagan Democrat country

By Soren Dayton

Macomb County, Michigan, is one of the homes of the Reagan Democrat. Today, I saw John McCain give a town hall in the closing stretch of the Michigan primary. I don't have pictures because my video camera was stolen, but I have impressions.

Michigan is in an a single-state recession. Unemployment is above 7%. Many of the current jobs are in manufacturing which, the Detroit News, the conservative paper in the state, has noted won't come back. How to handle this is the fundamental debate. Mitt Romney is saying that he, personally, can turn the state around and that the future of Michigan is bright. McCain has argued that more realism and effort is needed, and has focused on retraining programs. My gut is that McCain wins this fight by recognizing the challenges. In New Hampshire exit polls McCain received substantially more support from people with economic anxiety, and Romney won only one economic subgroup, those making between $150k and $200k.

Posted in 2008 | Economy | John McCain | Michigan — Comments (22) / Email this page » / Read More »

Posted at 2:44pm on Jan. 9, 2008 Steve Forbes, Rudy, Romney, and the economy

By Soren Dayton

Two days ago (technical problems delayed this) in Manchester, New Hampshire, I sat down with Steve Forbes, and we talked about his endorsement of Rudy Giuliani, and his thoughts on the economic records of the other candidates. As a supporter of Rudy Giuliani's he has the most to say about what he likes about Rudy, but it was interesting to me that he ripped pretty hard into Mitt Romney's record.

Posted in 2008 | Economy | Massacusetts | Mitt Romney | Rudy Giuliani | Steve Forbes | taxes — Comments (46) / Email this page » / Read More »

Posted at 10:29am on Dec. 12, 2007 One hit after another (after another (after another))

By RightMichigan.com

Cross-posted on Right Michigan at www.RightMichigan.com.

Frankly it's getting difficult to keep track of all of the rotten economic news here in Michigan and I'm about sick and tired of it.  If it isn't Democrat tax hikes it's the House trying to cover the State with layers and layers of bureaucratic red tape and if it isn't red tape then it's job losses and if it isn't job losses there's a poverty rate or a foreclosure rate on the rise.  It's enough to make a guy more than a little frustrated.

Posted in Breaking News | Economy | Granholm | job loss | Michigan | tax hike | www.RightMichigan.com — Comments (1) / Email this page » / Read More »

Posted at 8:08am on Nov. 26, 2007 A new work week and the same old worries in Michigan

By RightMichigan.com

Cross-posted on Right Michigan at www.RightMichigan.com.

Welcome back to a semi-normal work week.  Is there anything worse than a Monday morning after a long weekend with friends and family?  Don't answer that, I'm sure there is... it's just hard to think of anything this early in the morning.  Heck, if your football team blows a fourteen point lead with seven minutes in the game while they held the ball in the opponents territory in spite of some of the shoddiest officiating in the NFL to date and then comes all the way back to lose in overtime... that's worse.  But that's neither here nor there (and I'm only slightly bitter).

Only slightly more important to a few more people is what's going on here in the state of Michigan as we close in rapidly on the January 15th Presidential Primary and are now only about eleven months from electing a new House of Representatives.

Read on.

Posted in Breaking News | Democrat | Economy | Michigan | tax hike | tax increase | www.RightMichigan.com — Comments (0) / Email this page » / Read More »

Posted at 7:42am on Nov. 13, 2007 Talk about a mixed economic bag in Michigan!

By RightMichigan.com

Cross-posted on Right Michigan at www.RightMichigan.com.

Today's one of those days where opinions on the news are bound to run the gamut.  Often you'll get a news story that divides readers along partisan lines.  A story about a new Democrat tax hike in Lansing will tick off the conservatives and it'll cause the left to cheer.  But there's nothing that simple in today's headlines.  Instead there's nuance everywhere, which is nice for a change.  Or is it?  I guess it depends.

Lets start with what I'd consider great news.  Quicken Loans announced late yesterday that they'll be moving their corporate headquarters from the suburbs in metro Detroit into the city itself.  The Detroit News has the details:

Read on . . .

Posted in Breaking News | Democrats | Economy | Granholm | Michigan | tax hike | www.RightMichigan.com — Comments (1) / Email this page » / Read More »

Posted at 2:57am on Nov. 3, 2007 Have A Good Weekend

By Pejman Yousefzadeh

This might help:

Employers added about twice as many new employees last month than expected, while factory orders edged up, according to government reports on Friday that implied the economy was strong enough to avoid recession.

The Labor Department said 166,000 non-farm jobs were added in October, enough to support consumer incomes and spending in the approaching holiday shopping season.

Separately, the Commerce Department said new orders at U.S. factories gained 0.2 percent in September despite forecasts for a decline, mainly because machinery and computer orders rose.

There are still rightful concerns regarding how well the economy will perform in this quarter and the next and we won't know the answer concerning that for some time. But we are getting the best possible news we can concerning the performance of the economy in the last quarter. Maybe we'll ride out the dangers posed by the credit crunch yet.

Posted in Economy | Economy | Employment — Comments (0)/ Email this page » / Read More »