Political Debate: 2013 and Beyond
Benghazi CoverUp - Current Breaking Daily Updates May 2013
(It's not Watergate... an Ambassador and 3 more Americans were murdered)
10/26/2012
by Robert P. Heslin
In the third hour of his Thursday (10/25) show, Rush Limbaugh returned to one of his favorite themes – that liberals cannot be candid about what they believe, or what their governing plans are, because if they were they would win far fewer elections than they do right now.
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10/25/2012
by Robert P. Heslin
The White House watched the seven-hour terrorist attack live on video and didn’t lift a finger to save 30 Americans. Navy SEALS Tyrone Woods and Glen Doherty disobeyed Obama's direct order to “Stand Down”... They rescued 30 Americans who were under attack, losing their lives heroically in battle. Then Obama lied for eight days about why the attack happened.
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10/18/2012
by Election Debates
Forty three plaintiffs in twelve federal jurisdictions have filed religious liberty lawsuits against the Obama Administration's Department of Health and Human Services for their new regulatory imposition of contraception mandates. They deserve our support.
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10/17/2012
by C.M. Jacks
One of the more dramatic moments of the second presidential debate came when Mitt Romney challenged President Obama on his pension account. As part of their ongoing class warfare campaign, Obama and Democrats have hammered at Romney for his wealth and investments.
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10/17/2012
by Robert P. Heslin
When Mitt Romney hit President Obama with the accusation that the President has a knack for picking losers in the economic marketplace, he wasn't kidding. A brief review of the ever-lengthening list of Obama's bad bets is the best argument there is that government should stay out venture capitalism.
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10/13/2012
by Election Debates
You might say that President Obama received a shellacking from Mitt Romney in last week's debate. Since then, graphic commentaries from far and wide have arisen to describe the event, in painful and minute detail.
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10/13/2012
by C.M. Jacks
In his 2008 vice presidential debate with Sarah Palin, then-Senator Biden recalled an anecdote in which someone at a local gas station of his couldn't afford to fill up his tank because gas prices (then $3.17 on average for regular) were too high.
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10/5/2012
by Robert P. Heslin
Signs of the times! So overwhelming was Mitt Romney's win over Barack Obama in the first presidential debate that all of liberaldom is talking about it, from coast to coast – from the elevated cultural ramparts of The New Yorker to Jay Leno on The Tonight Show.
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10/1/2012
by Robert P. Heslin
Eric Holder may have escaped politically from Darrell Issa's investigation into Operation Fast and Furious, but a new storm front in the form of Univision has blown into town. Is the most political Attorney General since John Mitchell about to get his comeuppance?
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9/25/2012
by C.M. Jacks
A protracted and ugly death is unfolding on the world stage. An idea is dying. Viewers of America's presidential debates in 2008 witnessed its birth when candidate Barack Obama declared his willingness to meet personally with Iran's tyrant President, Mahmoud Ahmadinejad...
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9/23/2012
by Amy Hawkins
If you're a conservative Republican, or even a libertarian, you can readily understand the logic and political case for shrinking the size of government, and for advocating economic policy fixes along the lines of those offered by Mitt Romney and Paul Ryan.
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9/20/2012
by Amy Hawkins
With the election less than two months away, an anemic labor market continues to leave half of young college graduates either unemployed or underemployed, in jobs that leave their talents and hard-won qualifications untapped and irrelevant.
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9/18/2012
by Robert P. Heslin
It's happening again. For the second time since he took office, President Obama has presided over the credit-rating downgrade of the United States.
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9/15/2012
by Robert P. Heslin
New reports via Bloomburg are in, and they're telling us what we already knew: under the Obama Administration, welfare dependency around the country continues to rise to record highs, with 46.7 million Americans getting government aid.
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9/13/2012
by Robert P. Heslin
For the first time in the history of the country, federal debt has topped $16 trillion dollars. The enormity of that sum beggars the imagination. One-third of it has accumulated under President Obama and his Democrat allies in congress in just the last four years.
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9/12/2012
by C.M. Jacks
Terrorists linked to al-Qaeda and/or like-minded groups targeted United States embassies in the middle east in attacks staged on the anniversary of 9/11. Protests supposedly inspired by the movie “Innocence of Muslims” -- made by Jewish filmmaker Sam Bacile and promoted by extremist pastor Terry Jones -- served only as a cover.
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9/11/2012
by Robert P. Heslin
With the end of the Democrat party convention in Charlotte, North Carolina, voters in this country have been on the receiving end of a blizzard of rigged polls the likes of which has never been mounted before. Their message is the inevitability of the reelection of Barack Obama, and the sisyphean futility of the Mitt Romney campaign.
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9/10/2012
by Robert P. Heslin
In the flood of falsehoods unleashed by Democrats at their convention earlier this month, one of the more noteworthy specimens was the assertion that GM... is thriving. To hear party boosters tell it, President Obama's nationalization of GM has sparked an automotive industrial renaissance that rivals anything possible through mere capitalism.
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8/13/2012
by C.M. Jacks
To hear Obama and his class-warfare allies tell it, Mitt Romney is the snickering, moustache-twirling embodiment of Wall Street villainy, exploiting the impoverished underclasses and reaping all the profits for himself and his plutocratic buddies.
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8/13/2012
by Robert P. Heslin
In his careers in business and politics, Mitt Romney has demonstrated a unique ability to save dysfunctional organizations from self-inflicted harm, and leave them healthier than they had ever been before.
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8/12/2012
by Robert P. Heslin
While many conservatives have criticized Romney for not being ideological enough (and some of that criticism is fair), they seem to have a blind spot for something that should be blindingly obvious: Mitt Romney is the most economically conservative Republican candidate for President since Ronald Reagan.
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8/12/2012
by Robert P. Heslin
Mitt Romney's pick of Paul Ryan for his Presidential running mate continues to make positive waves, even among the politically jaded and notoriously corrupt mainstream media. There's no telling how long this will remain true, but for now at least the winds are at Romney's back and have propelled him up in the polls.
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8/12/2012
by C.M. Jacks
Traditionally, foreign policy has not determined the outcome of a national election -- and this year will likely be no exception. But the state of America's national defense forces in a violent and chaotic world is nonetheless a matter of vital importance.
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8/4/2012
by ED Staff
President Bush was excoriated without mercy for the amount of time he spent on the links, but compared to the time Obama spends similarly occupied, well – there's no comparison.
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7/25/2012
by ED Staff
Liberals have again demonstrated their blindness when it comes to morality and assigning responsibility for peoples' bad behavior. Whether it's blaming cigarettes for lung cancer deaths instead of the people who choose to smoke them...
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7/2/2012
by C.M. Jacks
It can't be denied: the Supreme Court’s 5–4 decision upholding Obamacare was a victory for the president. His signature legislation, hated by conservatives and disapproved of by a majority of Americans in most polls, survives intact. Conservative pundits seethe, and leviathan's shadow looms over the political landscape. But Obama's victory is far from total.
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6/29/2012
by C.M. Jacks
The Supreme Court, in upholding the constitutionality of Obamacare, has just validated one of the biggest political scams ever perpetrated on the citizens of the United States.
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6/28/2012
by Robert P. Heslin
With his ruling upholding Obamacare, Chief Justice John Roberts has run roughshod over the Constitution and rewritten a terrible piece of legislation so that it could be deemed legal. By classifying Obamacare as a "tax" instead of a mandate, Roberts has expanded the government's power to tax beyond any reasonable limit.
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6/21/2012
by Robert P. Heslin
It's been a long time coming, but it looks like California Republican Rep. Darrell Issa, chairman of the House Oversight Committee, has finally lost patience with Attorney General Eric Holder.
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6/21/2012
by C.M. Jacks
As a presidential candidate in 2007, Barack Obama accused former president George W. Bush of abusing executive privilege to insulate his GOP administration from embarrassment. On Wednesday (June 20), however, Obama himself invoked executive privilege...
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6/18/2012
by ED Staff
President Barack Obama reached a golfing milestone as he spent his 100th occasion on the links – on Father’s Day at the Beverly Country Club in his hometown of Chicago.
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6/12/2012
by Robert P. Heslin
According to a shocking new study by the Federal Reserve on the effect of the recession on wealth in the private economy, the average net worth of American families tumbled by 40% in three years – to approximately 1992 levels.
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5/16/2012
by Robert P. Heslin
The Bureau of Labor Statistics claimed in its most recent report that 120,000 jobs were created and the unemployment rate fell to 8.2% from 8.3% in February. These are, superficially, hopeful statistics...
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5/1/2012
by ED Staff
The Presidency is the toughest job in the world and we can begrudge no occupant of that office a certain amount of time off (and it isn't really time off – events can intervene at a moment's notice for the President, no matter where he is). But the fact remains that President Bush was excoriated without mercy for the amount of time he spent on the links, but compared to the time Obama spends similarly occupied, well – there's no comparison.
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4/25/2012
External Link
For all the caterwauling liberals did about the "Imperial Presidency" of George W. Bush, Barack Obama has shown a far greater appetite for power, what with the legislation he's pushed into law (most notably Obamacare), his serial flouting of the Senate in appointing his Czars, and the Executive Orders he's signed (such as his recess appointments for key administration positions – when the congress wasn't in recess). To all of this we can now add his signing (in private, no less) of legislation which gives the government the power to ban protestors from exercising their constitutional right to fredom of expression in the presence of government officials. Evening more shocking is the fact that Republicans in Congress went along with this blatantly unconstitutional charade.
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4/4/2012
News Bullet
Nevada's Public Utilities Commission apparently ignored a warning from a Reno businessman who told them a year ago that if it didn’t establish at least minimal standards for NV Energy’s wind rebate program, its customers could end up paying for turbines that hardly ever generate electricity.
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4/3/2012
News Bullet
If anyone had any doubt that President Obama would abandon his brass-knuckle brand of Chicago thuggery in defense of his signature legislation – ObamaCare – it was put to rest at his White House press conference today when he said he was "...confident that the Supreme Court will not take... [the] extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress."
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3/29/2012
News Bullet
The Bowles-Simpson deficit-reduction plan suffered a crushing defeat in the House, in a vote that strongly rejected the approach advocated by its namesake sponsors, who were tapped by President Obama almost two years ago to address the country’s debt crisis.
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3/29/2012
News Bullet
As if having to face the Obama Administration's billion-dollar reelection fund wasn't bad enough, former governor Mitt Romney's campaign today had to suffer the slings and arrows of a Pravda op-ed.
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3/29/2012
News Bullet
According to the White House’s own figures, actual or projected deficits run up by the Obama Administration add up as follows: $1.293 trillion in 2010, $1.300 trillion in 2011, $1.327 trillion in 2012, and $901 billion in 2013.
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3/29/2012
News Bullet
Liberal Democrats in government have helped turn the American dream of home ownership into a nightmare for millions of people who could never really afford a home in the first place but were given mortgages anyway.
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3/29/2012
News Bullet
After a year-long respite from rising foreclosures, the numbers are trending up again according to a report from RealtyTrac. Foreclosure activity paused in many states last year, due to administrative delays brought on by reports of widespread fraud and "Robo-signing", but that particular bottleneck appears to be a thing of the past.
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3/27/2012
News Bullet
Paul Ryan's new budget underscores the stark difference in national destinies we face under Republican and Democrat rule. Under the Ryan budget, taxation never exceeds 19% of GDP, spending is cut by $5.3 trillion, debt goes down, and Social Security and Medicare are fully funded. Under Obama and the Democrats, spending, taxation and debt continue their sharp and ultimately ruinous upward climb.
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3/27/2012
News Bullet
While President Obama continues his green energy barnstorming tour this week to soothe the gathering public outrage over his eco-utopia boondoggles, his administration continues to butter up its politically-connected alternative energy cronies.
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3/26/2012
News Bullet
At the end of a 90-minute meeting with Russian President Dmitri Medvedev today, President Obama said he would have “more flexibility” to address such contentious issues as missile defense, but until then, Russian President Vladimir Putin would have to give him “space.”
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3/23/2012
News Bullet
The most recent Obama administration document dump reveals the extent to which the White House prepared itself for imminent news that Solyndra, a green-energy company highly touted by Obama, would soon go bankrupt.
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3/23/2012
News Bullet
Clearly reeling from high levels of public disapproval over his handling of the Keystone Pipeline, President Obama posed in front of a row of pipes in Cushing, Oklahoma yesterday, to announce his approval of construction on a tiny portion of the project.
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3/23/2012
News Bullet
Three years after Obama's supporters' confident predictions that his election would bring a new age of racial harmony to the United States, a glance at The Drudge Report today is all you need to see how hollow those predictions were.
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3/7/2012
News Bullet
Sheriff Joe Arpaio of Maricopa County has been asked by his Cold Case Posse to expand the investigation
of Barack Obama's birth certificate into what it calls a "full-scale criminal probe".
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3/7/2012
News Bullet
Secretly tucked away inside President Barack Obama’s 2013 budget is a scheme to triple the tax rate on corporate dividends, from 15% to 45% – a policy that would deal a severe blow to retirees.
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3/4/2012
News Bullet
A six-month investigation by Maricopa County Sheriff Joe Arpaio into the authenticity of President Obama's birth certificate points to a "...computer-generated forgery, not a scan of an original 1961 paper document as represented by the White House..."
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2/27/2012
News Bullet
Rick Santorum's comment that "Satan has his sights on the United States" has already sparked accusations on the Left that he is a threat to religious liberty. But, as Rush Limbaugh pointed out on his February 27 radio show, it's Barack Obama and the Left who are the actual threats.
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2/24/2012
News Bullet
Following the example of House Minority Leader Nancy Pelosi, top Obama advisor Valerie Jarrett has publicly trotted out the notion that Unemployment Checks actually stimulate the economy.
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2/22/2012
News Bullet
Rush Limbaugh reports a story with a lesson that conservatives know all too well, but liberals find almost impossible to accept: when governments raise taxes too much, revenues go down, not up.
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2/17/2012
News Bullet
According to the CBO, the unemployment rate in the U.S. has exceeded 8 percent since February 2009. This makes the past three years the longest stretch of high unemployment experienced in this country in 80 years – the longest since the Great Depression.
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2/12/2012
by C.M. Jacks
From the day President Obama's Department of Health & Human Services announced the finalization of rules requiring Catholic institutions to distribute contraceptives and abortifacients – January 20 – the controversy began to build.
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2/12/2012
News Bullet
Behind the dry statistics of the "average price of gas" is the grinding reality of people driving to work or stuck in traffic, churning through the week's budget, greeted by $5/gallon gas prices when they pull up to the pump.
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2/9/2012
News Bullet
Eric Holder and attorneys general from 42 states are shaking down the country's mortgage lenders for $25 billion, supposedly as a penalty for "tricking" people into taking mortgages they couldn't afford.
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2/1/2012
News Bullet
According to the Congressional Budget Office's Budget and Economic Outlook, the amount of money the federal government will be taking out of the U.S. economy in taxes will rise by more than 30 percent between 2012 and 2014.
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1/31/2012
News Bullet
From Rush Limbaugh comes news of a new CBO report that bodes ill for the country and for President Obama's reelection prospects. Attention liberals: The CBO enjoys much credibility, even in the mainstream media. They're the coin of the realm, universally regarded as arbiters of truth and probity!
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1/30/2012
News Bullet
The Treasury Department has raised its estimate of government losses stemming from the $85 billion auto bailout to the tune of $170 million. In its latest report to Congress, the Treasury revised its estimate upwards to $23.77 billion, from $23.6 billion.
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1/30/2012
News Bullet (External Link)
During an online interview from the White House streamed live to the country, President Obama claimed that his administration helped create 22 million jobs. It was a gaffe, and the President caught it quickly. To err is human, of course, and Election Debates (which disagrees politically with the President on virtually every issue) doesn't hold such things against any politician. But we can't help but wonder how much attention such a gaffe would have received in the mainstream media if it had been made by President Bush.
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1/24/2012
News Bullet
Bowing to intense political pressure, Mitt Romney's campaign finally revealed his 2010 and 2011 tax returns to the press. What do they reveal? Not surprisingly, a very high income: $42 million. $6.2 million in tax payments (an effective tax rate of roughly 14%). Oh, and $7 million in donations to charity, including $4.1 million to the Mormon church.
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1/23/2012
by Robert P. Heslin
Listeners tuning in to the second hour of Rush Limbaugh's radio show on Monday, January 23, enjoyed a special exchange between Rush and a caller named Dennis, a conservative black trucker from Philadelphia, who offered personal testimony in his journey across the political divide...
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1/20/2012
News Bullet
According to the Bureau of Labor Statistics, the price of a gallon of gasoline has increased 83 percent during the presidency of Barack Obama. In the same span of time, ground beef has gone up 24 percent and the price of bacon has risen by 22 percent.
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1/19/2012
News Bullet
Writing in the Washington Post, Robert Samuelson eviscerates the political and policy logic that went into President Obama's stunning rejection of the Keystone pipeline, the building of which, in addition to serving our energy needs, would provide immediate, well-paid employment for thousands of Americans.
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1/17/2012
News Bullet
Thomas Friedman, the Pulitzer-prize winning columnist at The New York Times, is forever rhapsodizing about the economic efficiency and dynamism of China. But, as Rush Limbaugh points out, there's one great big caveat that should give even liberal statists like Friedman pause: there are no unions in China. They're illegal.
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1/16/2012
by C.M. Jacks
Republican fringe candidate Ron Paul continues to set the standard for political loopiness in what is already a pretty loopy year. Recently in a video-taped encounter with a member of a 9/11 conspiracy group called "We Are Change"...
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1/7/2012
by Robert P. Heslin
"I mean, think about it. Iran, Cuba, Venezuela – these countries are tiny, compared to the Soviet Union. They don't don't pose a serious threat to us..."
Remember this statement by Barack Obama? He made it in Oregon in May of 2008 while campaigning for President. Now, one of those tiny countries is building a missile base in a second tiny country so that the second tiny country can, if it wishes, fire nuclear-tipped ICBMs at an American city.
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1/4/2012
by Robert P. Heslin
Barack Obama's handling of the Keystone pipeline, which would bring billions of barrels of much-needed oil from Canada down to refineries in Texas, is yet another example of the President's habit of putting Democrat party politics ahead of the national interest, at great cost to an American workforce aching for gainful employment, as well as the country's energy security.
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1/3/2012
by Robert P. Heslin
At a time when the U.S. economy is failing and millions of Americans are out of work, the Obama administration has given an electric car company, Fisker Automotive, a $529 million federal loan guarantee which has not only NOT led to new American jobs, but instead resulted in a windfall of manufacturing jobs in Finland.
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11/28/2011
by Robert P. Heslin
It's not news that the Democrat party has bled support among white voters for decades now. But as the 2012 elections approach, party activists have made it increasingly clear that they intend to cut ties with the white working class.
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11/22/2011
by Robert P. Heslin
For the whole of his adult life, Barack Obama has been a creature of the governing elite. Reminiscing in Dreams From My Father he does, however, describe a brief interlude in the private sector, just after college, working as a research assistant for a multinational corporation.
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11/21/2011
by Robert P. Heslin
When an Obama media supporter as ardent as Chris Matthews starts venting like this, you know you're dealing with a serious case of disillusionment. Part lament and part old-school critique of the new social media, Matthews' rant is a fascinating peek into the servile mind of the legacy media.
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11/2/2011
News Bullet
If Barack Obama can use taxpayer money to invest in fraudulent, phony, there-is-no-business-there green energy companies that go belly up, shouldn't we, as taxpayers, have the right to put our retirement money in a safer place than Washington DC?
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11/2/2011
News Bullet
Banks and mortgage lenders have been painted as the nefarious villains behind the housing crisis by Obama and the Democrats, but Rush Limbaugh correctly traces the actual cause of the disaster back to President Clinton's disastrous decision to put teeth into a piece of social engineering called the Community Reinvestment Act.
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11/1/2011
News Bullet
The subprime mortgage crisis is a direct result of government policy built on the fallacy that financial institutions were unjustly discriminating against minorities by refusing to give them home loans.
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10/31/2011
by Robert P. Heslin
The story of Herman Cain's supposed sexual misconduct almost 15 years ago was supposed to destroy him by shifting the focus of the American public away from President Obama's dismal handling of the American economy. But it hasn't worked out that way.
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10/21/2011
by Robert P. Heslin
Solyndra isn't the tip of the iceberg. It's the cancer cell found by the doctor which leads to further tests that reveal a body – in this case the body politic – riddled with cancer. The subsidizing of alternative energy by the Obama administration is a textbook case of fraud and waste on an enormous scale.
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10/13/2011
by Robert P. Heslin
Congressman Ron Paul has some sensible libertarian notions about the banking system, but he is an off-the-charts outlier when it comes to foreign policy, especially as it concerns the War on Terror.
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10/6/2011
by Robert P. Heslin
In response to George Soros and his merry band of anticapitalist ingrates' latest hijacking of the news cycle, Rush Limbaugh has unloaded on them in a glorious monologue, excerpted here.
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9/22/2011
by Robert P. Heslin
Despite all the wailing over "draconian cuts" from liberals and Democrats, and despite all the self-congratulations from establishment Republicans over their alleged fiscal discipline, the dismal fact remains that no real budget cuts are being made at all.
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9/10/2011
by Robert P. Heslin
President Obama's speech to a joint session of Congress was every bit as inconsequential as his detractors expected and his supporters feared. It was yet another in a long line of shamefully political events that have trivialized his administration and deepened the public's already fathomless cynicism for all things beltway.
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8/25/2011
by Robert P. Heslin
Rush Limbaugh has delivered another superb commentary (Thursday, August 18, Hour 3) in which he eviscerates liberal notions of "fairness" – notions that make a mockery of that honorable but ill-used word.
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8/24/2011
by Robert P. Heslin
Here we are in August 2011 and the political airwaves are thick with the usual liberal rhetoric calling the rich to task for not contributing their fair share of the economic burden as the country struggles through the great recession.
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8/15/2011
by Robert P. Heslin
In this memorable Fox News interview appearance, Amilya Antonetti, CEO of AMA Enterprises, struck just the right notes in the ongoing class wars: proud, unapologetic, and passionate.
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8/13/2011
"Barackalypse Now"
We first heard this phrase on Rush Limbaugh's radio show, but a quick Google search turned it up back in 2008, though in a different context. We think it rings truer than ever today.
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8/11/2011
by Robert P. Heslin
Standard & Poors' downgrade of our country's credit rating may end up being the defining event of the Obama Administration – bigger than his blackness, bigger than Obamacare.
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8/11/2011
by Robert P. Heslin
Scolded and brow-beaten by President Obama for not emulating his economic policies in Germany two years ago, Chancellor Angela Merkel has led her country to robust economic growth.
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8/8/2011
by C.M. Jacks
In the second hour of his August 8, 2011 broadcast, Rush Limbaugh shines a light on one of President Obama's most glaring faults – his almost comical refusal to take responsibility for seemingly anything. We at ElectionDebates readily grant that a willingness to accept responsibility for problems of import is a rare virtue in politics...
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8/8/2011
News Bullet
If Barack Obama truly cared about the U.S. economy, he would have embraced the Republican "Cut, Cap & Balance" proposal. Instead, he has opted to demagogue the debt limit issue and effectively put the country even deeper in the red.
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7/30/2011
by Robert P. Heslin
With the political beating President Obama has taken in the past couple weeks during the debt-limit negotiations, you might wonder how anyone could view him as lucky in any way. Yet lucky he surely is.
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7/21/2011
by Robert P. Heslin
When the Obama administration – or anyone – releases a document on a Friday before a long weekend, it's obviously trying to reduce the amount of attention it gets from the media.
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6/25/2011
According to an article in USA Today, the ability of the US Government to make good on its financial promises to citizens is gravely deficient.
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6/22/2011
by Robert P. Heslin
When President Obama decided to fight the war in Afghanistan in 2009, he ordered an extra 50,000 troops for the effort, more than doubling the number of soldiers deployed to nearly 100,000.
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6/22/2011
by Robert P. Heslin
Rush Limbaugh has given us as clear and powerful an explanation of what ails the economy – and who is responsible for it – as we have heard.
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4/25/2011
The International Monetary Fund has just set a date for the moment when the so-called "Age of America" ends and the U.S. economy is surpassed by China's: 2016. Mark your calendar.
The prediction casts a cloud over the U.S. dollar and the Treasury market. IMF forecasters claim it doesn't matter who is elected U.S. President next year — whoever we elect will be the last American President to govern over the world's largest economy.
Just a decade ago, the U.S. economy was three times larger than China's. Now, according to one bond strategist in Europe, "We are witnessing the end of America's economic hegemony."
The United States has dominated the global economic scene for so long, no-one remembers anything else.
America overtook Great Britain as the world's leading economic power at the end of the 19th century. Both countries practiced similar kinds of constitutional government, and had respect for civil rights and property rights.
China doesn't. The Age of China promises to usher in a vastly different set of moral and economic values.
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4/22/2011
The Obama Administration wants to sell a sizable share of its stake in General Motors, insiders say. Such a sale in the near term would probably mean U.S. taxpayers will take a hit on the government's 2009 bailout of the beleaguered Detroit auto maker, which amounted to $50 billion.
To break even, the U.S. Treasury must sell its remaining stake—roughly 500 million shares—at a share price of $53.00, far above the $31.27/share it closed at today on the New York Stock Exchange.
Government officials say privately that they'll accept the loss because Obama would like to cut ties with the auto maker. A sale this summer makes more likely a full divestiture by the Treasury by the end of the year, thereby avoiding costly political complications in 2012.
GM's shares are down due to recent events that have shaken investor confidence, particularly the steep rise in gas prices, which have hurt sales of big, highly profitable trucks.
Wall Street is also anxious over the sudden departure of Chief Financial Officer Chris Liddell, and a high-profile sales blitz in January and February, which could improve earnings in the first quarter, but hurt them after that.
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4/21/2011
Weakness in the US dollar is causing the price of everything to go up. Currency experts say this picture is unlikely to change any time soon.
The greenback could very well crash through all-time historical lows when compared to other major world currencies.
While there's no single explanation for the dollar's weakness, there are several contributing factors: the Federal Reserve's easy-money policies, enormous new national debts and deficits, and the looming spectre of debt downgrade by rating agencies such as Standard & Poors, reacting to the ongoing financial mismanagement in Washington.
In short, as trader Dennis Gartman recently observed, "the rout of the US dollar" is in full effect.
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3/12/2011
by Robert P. Heslin
Franklin Delano Roosevelt, the paragon and patron saint of modern liberalism, had some surprising things to say about public-sector unions. His observations have a direct bearing on present-day controversies unfolding in places like Wisconsin and Ohio.
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2/22/2011
Congratulations to Congressional Republicans for voting to defund ObamaCare and the President's unaccountable coterie of Czars. The vote came on an amendment to a government-spending bill sponsored by Rep. Steve Scalise (R-Louisiana).
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2/11/2011
by Robert P. Heslin
Ominous signs suggest that the Muslim Brotherhood's influence in Egypt is on the rise. Thirty years after assassinating President Anwar Sadat for making peace with Israel, they are emerging as a potent force in post-Mubarak Egypt.
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2/3/2011
by Robert P. Heslin
The Judge even cited Obama's own words in the ruling. While campaigning against Hillary Clinton for the Presidential nomination in 2008, Candidate Obama described, crisply and clearly, why insurance mandates can never be made to work.
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1/31/2011
by Robert P. Heslin
Almost from the moment he first declared his candidacy for the Presidency, Barack Obama campaigned as the anti-Bush. Pick any policy, foreign or domestic, and you would find Mr. Obama and Mr. Bush on opposite sides of it.
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1/28/2011
The Commander in Chief gets asked a tough question about U.S. military campaigns and mixes up Iraq and Afghanistan during a YouTube forum. He is politely corrected by the moderator. Can you imagine the uproar if President Bush had made the same mistake?
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1/25/2011
News Bullet
Rebutting President Barack Obama's State of the Union Address, Rep. Paul Ryan (R-WI) called America's debt "out of control" and said the president's misguided economic policies have put the country in a state of "fiscal crisis".
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12/15/2010
by Robert P. Heslin
Once upon a time, Harlem congressman Charlie Rangel served honorably in the Army and was awarded a Purple Heart in the Korean War.
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12/15/2010
by Robert P. Heslin
The economic meltdown in Greece gives us a glimpse of our future if we don't stop the federal spending binge we've been on since Obama took office. Republican victories in the November elections are a good first step...
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12/14/2010
by Robert P. Heslin
The left's class-warfare rhetoric has heated up since the electoral beating they took in November. But higher decibels in an argument don't translate to higher levels of logic. The truth is famously the opposite.
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11/23/2010
by Robert P. Heslin
If Congress does nothing on taxation policy between now and the end of the year, we're in for huge and unwelcome changes in the tax code.
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11/8/2010
by Robert P. Heslin
Our sixteenth President was a fountain of wisdom, anecdotes, homilies and sayings. As President Obama faces the remainder of his term, he could do worse than to consider these quotes from the country's first Republican.
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11/5/2010
by Robert P. Heslin
Talk of voter fraud has been much heavier than usual this election season. There are reports of voting machines with preselected candidates, and efforts to register non-citizens to vote, to say nothing of the usual last-minute below-the-belt political hits that are as old as politics itself.
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10/14/2010
President Obama, as quoted by Mike Allen in Politico, supposedly came to the realization that there's "no such thing as a shovel-ready project." We at ElectionDebates.com can think of at least one. There's a big milestone for it coming up on November 2nd.
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10/6/2010
by Robert P. Heslin
If by some unfathomable twist of fate all the polls are proven wrong, and Democrats escape the ballot box punishment they so richly deserve, what happens to the country?
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10/3/2010
by Robert P. Heslin
Famed Watergate reporter Bob Woodward has written a new book, "Obama's Wars", which offers a revealing and disturbing portrait of our Commander in Chief and his administration.
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9/28/2010
by Robert P. Heslin
When a 7.0 magnitude earthquake struck Haiti on January 12, the world was heartsick at the stories of people suffering and dying in the streets of this island nation.
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9/28/2010
by Robert P. Heslin
Ominous new evidence is already building up that the concerns many of us have about Obamacare are fully warranted. Six months after its passage the federal government is already taking frightening new steps to control us under the guise of taking care of us.
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9/27/2010
by Robert P. Heslin
This is an update to our July 24th article on President Obama's performance in handling the controversy involving General McChrystal and the notorious Rolling Stone feature story. New information has since come to light from Bob Woodward's new book, Obama's Wars.
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9/22/2010
by Robert P. Heslin
Democrats thought they'd be coasting to electoral victory by now. They assumed public outrage over Obamacare would be fading. They assumed that economic and polling numbers would be on their side, and that the President would be well-positioned to persuade the country to swallow the bitter pill of tax hikes.
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9/21/2010
by Robert P. Heslin
Government bean-counters in Los Angeles are finding out how little good the Obama Administration's stimulus gravy train is doing them.
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9/13/2010
The worst of Obamacare is still years away, but Americans are getting a taste of it now, and it's bitter. Compelled by burdensome new federal mandates, health insurance companies are canceling policies or revising them to cost more and cover less.
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8/12/2010
by Robert P. Heslin
Nancy Pelosi, Speaker of the House and Congressional Representative from San Francisco's 8th District, is the distilled essence of hyper-partisan hard-left liberalism.
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8/9/2010
by Robert P. Heslin
It's undoubtedly true that when Judge Vaughn Walker stepped into the voting booth back in 2008 to cast his vote on Proposition 8 as a private citizen, he voted 'No' – as was his right.
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 8/6/2010
by Robert P. Heslin
With the passage of Obamacare, every American has lost freedom of choice. The majority of Americans oppose government health care rationing.
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August 2010
by Robert P. Heslin
The stimulus. We knew much if not most of it would be wasted. Now Senators John McCain and Tom Coburn have confirmed our suspicions with a report which catalogs our misspent tax dollars in painful detail. Twenty examples from it are shown here.
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7/24/2010
by Robert P. Heslin
As Democrats opt to "Cut & Run" in Afghanistan, terrorist groups grow and thrive to launch more attacks in America.
New updates.
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7/14/2010
by Robert P. Heslin
The fact that Senator Chris Dodd and Congressman Barney Frank, two of the prime suspects in the subprime mortgage collapse, had the nerve to put their names on a finance reform bill is bad enough.
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7/9/2010
by Robert P. Heslin
Leadership and temperament count in politics – all the more so when the political setting is the White House. That's the painful lesson the country is learning as the Obama presidency unfolds.
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6/7/2010
by Robert P. Heslin
When President Reagan lowered taxes with the Economic Recovery Tax Act (ERTA) in 1981, the reversal of the country's economic fortunes was not instantaneous. ERTA's tax rate reductions didn't go into effect until 1983. Those of us old enough to remember can recall how sluggish the markets were in 1982. It wasn't until the lower rates kicked in in 1983 that the 80s truly took off.
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5/2/2010
by Robert P. Heslin
Democrats killed the physical fence, and Obama stopped the virtual one. Do Americans want open borders like Obama does?
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10/14/2008
by Amy Hawkins
The activities of a highly-aggressive voter-registration group, ACORN (Association of Community Organizations for Reform Now) are coming under increasing scrutiny as fraud charges against them mount up in election battleground states across the country.
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10/8/2008
by Robert P. Heslin
From reporter Jim Brown of OneNewsNow.com comes unsettling (but well-founded) speculation about what kind of changes we can expect in the makeup of the Supreme Court in the event of an Obama victory in November.
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8/4/2008
by Robert P. Heslin
Larry Kudlow, writing for NewsMax, offers compelling evidence of a political sea-change happening before our very eyes. The fortunes for both political parties seem to be in a state of reversal; great news for the Republicans, and terrible news for the Democrats.
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7/27/2008
by Annette P. Hartpence
With the November elections just months away and gas prices headed towards $5/gallon, the issue of oil drilling and energy has become white-hot, and Democrats find themselves on the defensive as calls for an end to the oil drilling moratorium mount. Let's look at the Dems' arguments. Do they hold water? Or are they selling snake oil?
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7/23/2008
by Annette P. Hartpence
ProtectOurBorder.com lays out for us in damning detail just how bad Barack Obama is on illegal immigration.
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7/14/2008
by C.M. Jacks
In December of 1995, President Clinton vetoed oil drilling at the Arctic National Wildlife Refuge (ANWR), claiming that “…the coastal plain was the biological heart of ANWR and exploration or development would ruin the pristine area.” The spot price of crude oil at the time was around $17/barrel.
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6/30/2008
Info Graphic
It's not who you think.
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6/22/2008
by Robert P. Heslin
The nation’s mortgage melt-down has evolved into an American real estate crisis amid falling home prices, record foreclosures, and weakening consumer confidence – all of which threatens to produce the nation’s worst economic disaster since The Great Depression.
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4/1/2008
by Robert P. Heslin
The political ideology that has killed more human beings than any other in the history of the World Needs your money. Liberals! Dig Deep into your pockets to fund Communism's Good Work!
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3/25/2008
by Robert P. Heslin
Senator Barack Obama's Chicago church once published an open letter from a Palestinian activist who labeled Israel an "apartheid" regime. Furthermore, the letter claims the Jewish state worked on an "ethnic bomb" that kills "blacks and Arabs."
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3/19/2008
by C.M. Jacks
While Senator Barack Obama said he couldn't overthrow his friend and pastor of 20 years for a racially charged and divisive hate speech, apparently he had no trouble calling for the head of Senator Trent Lott, the Republican Senate majority leader, for embracing a colleague with a segregationist past on his 100th birthday.
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3/3/2008
by Amy Hawkins
Both Democrat party candidates, Hillary Clinton and Barack Obama, tell us they can provide health care for all – mandated or not. If it sounds too good to be true, it is.
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2/25/2008
by Robert P. Heslin
Felicia Benamon writes in EnterStageRight.com that it used to be that the average American voter had a pretty good head on their shoulders. Not so much anymore. Too many Americans are allowing the likes of Barack Obama to sway them into thinking they will be rescued from their problems should he win the Presidency.
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12/6/2007
by Robert P. Heslin
If you missed this recent episode of Rush Limbaugh, allow us to summarize the facts for you. Rush says it’s official: the Dems have blown their chance in Congress.
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10/26/2007
by Robert P. Heslin
A fascinating report from RealityCheck.com is worth keeping in mind as the mainstream media continues to inundate audiences with gloom-and-doom economic news at every opportunity.
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8/16/2007
by Robert P. Heslin
Is it too much to ask Nancy Pelosi and Harry Reid to conduct themselves and their party honorably in the energy debate?
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7/5/2007
by Robert P. Heslin
Yes, everybody wants a cleaner and more environmentally safe planet. Yes, we should all go green or do what we can to eliminate waste. Yes, we need to take care of the Earth...
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6/29/2007
by Robert P. Heslin
When Mahmoud Ahmadinejad campaigned for the Iranian presidency, he promised Iranians that he would put the country’s oil wealth “on people’s tables.” Not only has he failed to make this or any of his economic pledges come to pass, his economy is on the verge of collapse.
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2/21/2007
by Robert P. Heslin
Two cousins were arrested Wednesday on federal charges of conspiring to wage holy war against Americans overseas, including U.S. military forces in Iraq.
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