Patriot Update - A Free Press for the Conservative Revolution

Economics:

We Need Pro-Growth Shock Therapy for Jobs

Now, after the severe financial panic of two years ago, it seems clear that too many tax and regulatory obstacles are blocking satisfactory job creation. And it also seems clear that a number of fresh new incentives will be necessary to spur the kind of prosperity that Americans desire. Following the deep recession, we need shock-therapy, pro-growth, tax-cut and deregulatory incentives. Post-election, is the Washington war on business really over? Has the war on successful earners and investors truly ended? Is the class war against capital still being waged by the White House? Will Obama bring senior business people into his inner circle? Are we going to get pro-growth tax reform for individuals and corporations? Are we truly going to limit government spending in order to reduce the onerous budget deficit? Is King Dollar currency stability on the table?

Source: http://biggovernment.com/lkudlow/2010/12/04/we-need-pro-grow...

Economics:

Shoppers Accuse Wal-Mart of False Advertising

Some shoppers in Massachusetts are accusing Wal-Mart of false advertising. Shoppers say their Wal-Mart flyer advertised stores in Massachusetts would open at midnight on Black Friday. People started lining up outside locations some as early as 8 p.m. Thursday. They became furious when it was announced the stores actually wouldn't open until 4 a.m. Friday.

Source: http://www1.whdh.com/news/articles/local/12002846288030/shop...

Economics:

Lefty Millionaires: 'Tax Us More'

With the US Congress hurtling toward a deadline on expiring tax cuts, a growing number of wealthy people are calling for higher taxes on the rich to help restore America’s fiscal health. One effort gathered over 45 millionaires who signed an open petition calling for the end of the tax cuts adopted since 2001 on those with annual incomes exceeding one million dollars. Tax breaks for the wealthy should expire “for the fiscal health of our nation and the well-being of our fellow citizens,” the letter said. It was signed by Ben & Jerry’s ice cream founder Ben Cohen, hedge fund manager Michael Steinhardt and others.

Source: http://biggovernment.com/publius/2010/11/25/lefty-millionair...

Economics:

A Biblical View of Private Property

God’s sovereignty includes ownership of all His creation. Melchizedek, in blessing Abram, said, “Blessed be Abram of God Most High, Possessor of heaven and earth (Gen. 14:19; cf. v. 22). God demands obedience from His people because they live in the midst of His creation. They are responsible as stewards of God’s order. They cannot claim independent sovereignty or independent ownership. The Psalmist records God’s words: “Hear, O My people, and I will speak; O Israel, I will testify against you; I am your God… For every beast of the forest is Mine, the cattle on a thousand hills… For the world is Mine, and all it contains” (Psalm 50:7, 10, 12). The New Testament continues the relationship between sovereignty and ownership: “For the earth is the Lord’s, and all it contains” (1 Cor. 10:26). No aspect of the created order lies outside God’s claim of absolute ownership.

Source: http://americanvision.org/3756/a-biblical-view-of-private-pr...

Economics:

Socialism IS Mob Violence

It seems to be little more than casual news these days when riots break out in Athens, Paris, London, or some other socialist haven. Greeks riot over austerity; we huff. Francs mob over retirement age; we chuckle. Most recently, London students riot over the threat of higher tuition; we snore. We snore right through the glass breaking and all.

Source: http://americanvision.org/3720/socialism-is-mob-violence/

Economics:

Secret Walmart Survey Shows Inflation Already Here

There might not have been a second round of quantitative easing, if Federal Reserve Chairman Ben Bernanke shopped at Walmart. A new pricing survey of products sold at the world’s largest retailer showed a 0.6 percent price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to four percent higher a year from now, double the Fed’s mandate.

Source: http://www.cnbc.com/id/40135092

Economics:

U.S. Debt Proposal Would Cut Social Security, Taxes, Medicare

A plan offered by the leaders of President Barack Obama’s commission to reduce the federal deficit might work. It just won’t happen. The co-chairmen proposed a $3.8 trillion deficit-cutting plan yesterday that would trim Social Security and Medicare, reduce income-tax rates and eliminate tax breaks including the mortgage-interest deduction. It would reduce the annual deficit from $1.3 trillion this year to about $400 billion by 2015 and start reducing the $13.7 trillion national debt.

Source: http://www.bloomberg.com/news/2010-11-10/deficit-reduction-p...

Economics:

Shock Report: National Unemployed and Underemployed 17.5%; California 22%

In a report sure to cause consternation at the White House and in the offices of the Democratic Leadership in Congress, “60 Minutes” provided an in-depth report on the realities of the unemployment situation in America today. When you take into account the underemployed as well as the unemployed, the national rate hits 17% and California a staggering 22%.

Source: http://biggovernment.com/sright/2010/10/24/60-minutes-shock-...

Economics:

Google Admits that it Did Take Emails and Passwords

Google was accused of spying on households yesterday after it admitted secretly copying passwords and private emails from home computers. The internet search giant was forced to confess it had downloaded personal data during its controversial Street View project, when it photographed virtually every street in Britain.

Source: http://www.dailymail.co.uk/sciencetech/article-1323310/Googl...