Press Releases

 

Entries in Recession (77)

Thursday
Aug232012

ALG - CBO warns of deep recession touched off by tax increases 

Aug. 22, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement responding to a Congressional Budget Office report warning of a deep recession in 2013:

"Today's Congressional Budget Office report warning of a deep recession should Congress and the president not agree on a solution to the massive tax increases that will go into effect on Jan. 1, 2013, is true to the extent that the tax increases will kill private sector growth and exacerbate the recession that we are rapidly descending into.

"However, should Republicans win control of both the House and the Senate along with the presidency in November, they should not cut a deal with Obama and Harry Reid now, the two major economic obstructionists of the past two years, in dealing with this fiscal disaster. 

"Instead, Speaker Boehner and presumptive Majority Leader McConnell should promise the nation that they will make the current tax law permanent as their first order of business on Jan. 4, 2013, when the new Congress begins, and put legislation that is retroactive to the beginning of the year on the new president's desk on Jan. 20 at 12:01 p.m. 

"Our nation's finances are too important to leave to the very lame duck, rejected politicians that are responsible for the emergency in the first place.

"The tax increases facing our nation are real and need to be stopped.  It is just plain stupid though for anyone to expect that the people responsible for creating the crisis to suddenly solve it when they no longer have to worry about what the American public wants."

To view online: http://getliberty.org/cbo-warns-of-deep-recession-touched-off-by-tax-increases/

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.

Saturday
Aug042012

ALG - Jobs report indicates economy continues to sputter 

Aug. 3, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to the Department of Labor's unemployment report for July:

"The economic bad news of Obama's failed economic plan keeps cascading down on the American people.  Today's unemployment rate of 8.3 percent is shocking in that it is not higher.  With the nation's economy staggering as it only grows by .125 percent each month, factory orders down in June for the second month in a row, and only 58.4 percent of the working-age population in the labor force, it is clear the American people are suffering.  Yet, Obama continues a campaign against the very job creators who our nation needs to ramp up hiring to lift our nation back to the heights we used to take for granted.

"It is incredible that after a 'recovery' that Obama says has worked, we still have an unemployment rate of 8.3 percent.  I'd hate to see what this president would consider a failure."

To view online: http://getliberty.org/jobs-report-indicates-economy-continues-to-sputter/

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.

Saturday
Jul282012

ALG - Growth slows to 1.5 percent in second quarter, but are we already in another recession?

July 27, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today again responded to today's report by the Bureau of Economic Analysis showing the economy slowedin the second quarter to only 1.5 percent growth:

"Gross Domestic Product numbers throughout 2008 failed to show that we were in a recession, when in reality the downturn had begun in the fourth quarter of 2007. And now, once again, the economy is visibly slowing down with only 1.5 percent growth, but are we already in another recession? At best, we're at stall speed, but we may already be contracting.

"Our early warning systems are broken, and economists are left only to extrapolate that we are in serious trouble. Meanwhile, Obama is doing nothing to get the economy back on its feet again. His only plan is to raise taxes on job creators, wage his war on business, and spend us into oblivion.

"The 'stimulus' has failed, and yet all the talk is the Fed will try to administer another dose of quantitative easing, or money printing, that will do nothing to get us out of this ditch. It is time for new leadership. We need a return to sound money, fiscal responsibility, lower taxes, and a complete unraveling of the environmental, labor, and health regulations that are strangling growth."

http://getliberty.org/growth-slows-to-1-5-percent-in-second-quarter-but-are-we-already-in-another-recession/To view online: 

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.

Thursday
Jul192012

ALG's Daily Grind: It's not yours! 

July 18, 2012

It's not yours!

Obama's view is that each of us ultimately owes our livelihood to a government that hands us what it thinks we should keep, just as a parent doles out an allowance to a child.

Obama Campaign Said Romney Is A Criminal. Isn't It The Other Way Around?

The recent accusations from the Obama campaign that Mitt Romney was involved in criminal behavior seem ironic. Obama's crowd of misfits has quite an impressive record themselves.

Oregon county fears repercussions of radical anti-logging policies

There is an industry right in the backyard of Lane County that is ready and able to create much-needed revenue.  But that land is being held up by bureaucrats in Washington, D.C. 

CNBC.com: How Close Are We to New Great Depression?

Author Richard Duncan: "Even if [government spending] is wasted, at least we could enjoy this civilization for another ten years before it collapses."

Tuesday
Jul172012

Romney For President - THE OBAMA RECORD: POLITICAL PAYOFFS AND MIDDLE-CLASS LAYOFFS 

I wanted to make sure that you received this. Also, we put out a new web video today entitled the same - “Political Payoffs and Middle Class Layoffs”  - please see: http://mi.tt/M1BaYe

THE OBAMA RECORD: POLITICAL PAYOFFS AND MIDDLE-CLASS LAYOFFS

“While middle-class Americans are suffering in the Obama economy, President Obama’s donors and supporters are ‘doing fine.’ The President has spent billions of taxpayer dollars on political payoffs, but failed to create the millions of jobs he promised. Americans deserve a president who is concerned with creating jobs for the middle class, not rewarding campaign donors. It's Chicago-style economics, and it's not working.” –Andrea Saul, Romney Campaign Spokesperson

To View The Press Release Online, Click Here: http://mi.tt/OwAw3O

President Obama Has Engaged In Political Payoffs By Rewarding Wealthy Donors And Administration Insiders With Taxpayer Dollars:

The Washington Post: “You Can Call It Crony Capitalism Or Venture Socialism — But By Whatever Name, The Energy Department’s Loan Guarantee Program Privatizes Profits And Socializes Losses.” (Editorial, “The Energy Department’s Loan Guarantee Program Is The Real Solyndra Scandal,” The Washington Post, 11/17/11)

Top Obama Fundraisers Worked In His Department Of Energy “As It Showered Billions In Taxpayer-Backed Stimulus Money On Alternative Energy Firms.” “Several of Barack Obama’s top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, iWatch News and ABC News have learned.” (Ronnie Green and Matthew Mosk, “Bundlers On The Inside,” iWatch, 9/29/11)

“Several Political Allies” Of President Obama Had “Ties To Companies Receiving Chunks” Of Taxpayer Money From The Stimulus. “A joint investigation by ABC News and the Center for Public Integrity that will air on World News with Diane Sawyer tonight has found that Westly is just one of several political allies of the president who have ties to companies receiving chunks of that money through loans, grants, or loan guarantees.” (Brian Ross and Matthew Mosk, “Did Obama Administration Play Favorites With Energy Loans?,” ABC News, 10/30/11)

Political Contributions Were “Given In Close Proximity To Meetings,” Raising “Questions About Whether They Came With Expectations Of Access.” “Some of the donors had no previous record of giving to the president or his party, or of making donations of such magnitude, so their gifts, sometimes given in close proximity to meetings, raise questions about whether they came with expectations of access or were expressions of gratitude.” (Mike McIntire and Michael Luo, “White House Opens Door To Big Donors, And Lobbyists Slip In,” The New York Times, 4/14/12)

  • ·         Former Democrat Representative Patrick Kennedy, On Special Interest Access To The Obama White House: “If You Want To Call It ‘Quid Pro Quo,’ Fine.” “‘If you want to call it ‘quid pro quo,’ fine,’ he said. ‘At the end of the day, I want to make sure I do my part.’” (Mike McIntire and Michael Luo, “White House Opens Door To Big Donors, And Lobbyists Slip In,” The New York Times, 4/14/12)

 

  • ·         Center For Public Integrity Headline: “Obama Rewards Big Bundlers With Jobs, Commissions, Stimulus Money, Government Contracts, And More” (Fred Schulte, et al, “Obama Rewards Big Bundlers With Jobs, Commissions, Stimulus Money, Government Contracts, And More,” iWatch News, 6/15/11)

 

President Obama Put A Top Fundraiser “In Charge Of Hiring In The Obama White House, Helping Place Loyalists And Fundraisers In Many Key Positions.” “After the election, Gips was put in charge of hiring in the Obama White House, helping to place loyalists and fundraisers in many key positions. Then in mid-2009, the new president named him ambassador to South Africa. Level 3 Communications, in which Gips retained stock, meanwhile received millions of dollars of government stimulus contracts for broadband projects in six states—though Gips said he was ‘completely unaware’ of the stimulus money.” (Fred Schulte, et al, “Obama Rewards Big Bundlers With Jobs, Commissions, Stimulus Money, Government Contracts, And More,” iWatch News, 6/15/11)

“Nearly 200 Of [President Obama’s] Biggest Donors Have Landed Plum Government Jobs And Advisory Posts, Won Federal Contracts Worth Millions Of Dollars For Their Business Interests…” “More than two years after President Obama took office vowing to banish ‘special interests’ from his administration, nearly 200 of his biggest donors have landed plum government jobs and advisory posts, won federal contracts worth millions of dollars for their business interests or attended numerous elite White House meetings and social events, an investigation by iWatch News has found.” (Fred Schulte, et al, “Obama Rewards Big Bundlers With Jobs, Commissions, Stimulus Money, Government Contracts, And More,” iWatch News, 6/15/11)

While President Obama’s Donors Are “Doing Fine,” Millions Of Middle-Class Americans Are Struggling In The Obama Economy:

Vice President Biden, On The Economy: “It’s A Depression For Millions And Millions Of Americans.” “Vice President Joe Biden today offered a blunt assessment of the plight of the unemployed, telling supporters at a campaign rally in Iowa that the economy remains “a depression for millions and millions of Americans.” … ‘It’s a depression for millions and millions of Americans,’ he said.” (Devin Dwyer, “Biden: Economy Feels Like A ‘Depression For Millions’,” ABC News, 6/27/12)

More Than Twenty-Three Million Americans Are Unemployed, Underemployed, Or Have Stopped Looking For Work. (Bureau Of Labor Statistics, www.bls.gov, 7/7/12)

“The American Job Machine Has Jammed” And Has Settled Into A “Summer Slump For The Third Year In A Row.” “The American job machine has jammed. Again. The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in a summer slump for the third year in a row.” (Paul Wiseman, “US Economy Adds 80,000 Jobs In Another Weak Month,” The Associated Press, 7/7/12)

“The Weakest Job-Adding Quarter In Two Years…” CNBC’s JOHN HARWOOD: “Just 80,000 jobs added in the month of June, Michelle. 8.2% unemployment rate, unchanged, 12.7 million unemployed people, also unchanged. That makes the second quarter the weakest job-adding quarter in two years, an average of 75,000 jobs added in the second quarter of this year.” (CNBC’s “Squawk Box,” 7/6/12)

Since President Obama Took Office, Median Household Income Has Declined By $4,300. “Yet real median household income in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland.” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)

Median Family Net Worth Has Hit A Two-Decade Low. “The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday. Median net worth declined from $126,400 in 2007 to $77,300 in 2010, a Fed survey of family finances found. The median marks the point where half had more and half had less.” (Martin Crutsinger, “Fed Report: Middle Class Net Worth Tumbles,” The Associated Press, 6/12/12)