Category: Economy


Iran Gets An Unlikely Visitor, An American Plane, But No One Seems To Know Why

 

 

 

 

 

 

” President Obama has warned that Iran is not open for business, even as the United States has loosened some of its punishing economic sanctions as part of an interim nuclear pact.

   Yet on Tuesday morning, Iran had an unlikely visitor: a plane, owned by the Bank of Utah, a community bank in Ogden that has 13 branches throughout the state. Bearing a small American flag on its tail, the aircraft was parked in a highly visible section of Mehrabad Airport in Tehran.

  But from there, the story surrounding the plane, and why it was in Iran — where all but a few United States and European business activities are prohibited — grows more mysterious.

  While federal aviation records show the plane is held in a trust by the Bank of Utah, Brett King, one of its executives in Salt Lake City, said, “We have no idea why that plane was at that airport.”

  He said that the Bank of Utah acted as a trustee for investors who have a financial stake in the plane and that the bank was investigating further.

  The Federal Aviation Administration said it had no information about the investors in the aircraft or who was operating it. Officials waiting at the gangway at Mehrabad Airport said only that the aircraft was “V.I.P.” 

   The Bank of Utah is listed as a trustee for 1,169 aircraft, ranging from Boeing 747s to single-engine Cessnas, according to a review by The New York Times of the database. The Bank of Utah acts as a trustee for more planes than just about any other bank, the review shows.”

NY Times

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62 Percent Of Americans Say They Favor A Flat Tax

 

 

effectivetaxrates

 

 

 

” The latest Reason-Rupe poll asked Americans if they would support or oppose changing the federal tax system to a flat tax, where everyone pays the same percentage of his or her income, finding that 62 percent favor the flat tax and 33 percent are opposed. When asked where they would set the flat tax, the average response was 15 percent.

  This reflects another recent Reason-Rupe poll finding that 67 percent of Americans say it is “not the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes,” while 29 percent say it is.

  Strong support for a flat tax extends across income groups (62 percent) among those making less than $30,000 a year and 73 percent among those making more than $110,000 a year. Similarly across education groups and age groups, 6 in 10 say they support the flat tax.”

Contrary to media memes and their class-warfare compatriots on the Left , the rich do pay a higher percentage of taxes …

” Urban Institute data reports that in fact, the wealthy do pay a higher tax rate than the middle class. Average effective federal tax rates in 2011, as a percentage of adjusted gross income find the following (after tax credits):

Lowest Income Quintile: -5.8%

Second Quintile: 1.3%

Middle Quintile: 9.2%

Fourth Quintile: 12.9%

Top Quintile: 20.6%

The “1 Percent” pay 25.3%” “

Reason has more

86M Full-Time Private-Sector Workers Sustain 148M Benefit Takers

 

 

Entitlement Nation

 

 

 

 

” Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know. It is 86,429,000.
 
  That is the number of Americans who in 2012 got up every morning and went to work — in the private sector — and did it week after week after week.

  These are the people who built America, and these are the people who can sustain it as a free country. The liberal media have not made them famous like the polar bear, but they are truly a threatened species.”

 

 

Have a look at the numbers …

 

 

” In 2012, according to the Census Bureau, approximately 103,087,000 people worked full-time, year-round in the United States. “A full-time, year-round worker is a person who worked 35 or more hours per week (full time) and 50 or more weeks during the previous calendar year (year round),” said the Census Bureau. “For school personnel, summer vacation is counted as weeks worked if they are scheduled to return to their job in the fall.”

  Of the 103,087,000 full-time, year-round workers, 16,606,000 worked for the government. That included 12,597,000 who worked for state and local government and 4,009,000 who worked for the federal government.

  In the last quarter of 2011, according to the Census Bureau, approximately 82,457,000 people lived in households where one or more people were on Medicaid. 49,073,000 lived in households were someone got food stamps. 23,228,000 lived in households where one or more got WIC. 20,223,000 lived in households where one or more got SSI. 13,433,000 lived in public or government-subsidized housing.”

 

   Anyone can do this math , the system is unsustainable … The question is , ” By accident or by design ? ”

Read the rest

 

 

 

 

 

 

 

 

 

Jodi Miller Presents The Humorous Side Of The News

 

 

 

Published on Apr 10, 2014

” TOPICS:
– GOP Immigration Deal
– Republican Insiders
– Tea Party
– Congressman Jim Moran
– Drug Tunnels
– George Soros
– Dunkin’ Donuts
– Starbucks
– Common Core

Love NewsBusted and want to receive alerts about new episodes in your
email? Visit http://newsbusters.org/newsbusted to sign up for free!

Starring: Jodi Miller
Production: Dialog New Media “

 

 

 

 

 

 

 

 

Do You Know Where Your 2014 Taxes Will Go? Well, Here’s An Amazing Infographic Which Breaks It Out Beautifully

 

 

Death and Taxes 2014: US Federal Budget
Click To Enlarge

By jess. Explore more visuals like this one on the web’s largest information design community – Visually.

HT/Against Crony Capitalism

Target Shooting In America

 

 

 

Millions Of Shooters , Billions Of Dollars

 

 

 

    This report by the National Shooting Sports Foundation provides fascinating reading . The number of shooters as well as the money and time spent at the range boggles the mind and should give pause to those who think that gun enthusiasts are a group to be ignored and trampled upon .

 

 

 

Target Shooting 2

 

 

 

” Whether it’s religiously practiced at a range or shooting club each week or participated as an occasional weekend activity in the countryside with friends, millions of Americans go target shooting each year. In fact, more Americans target shoot each year than the number of people who live in the entire state of Florida or New York. Target shooters may be having fun afield with each shot at a clay pigeon or paper target, but with each outing, they are also part of an economic force at work. In fact, their activities generate $9.9 billion in spending each year through the purchase of shooting-specific products and services and create hundreds of thousands of jobs directly associated with the sale and manufacture of those goods and the provision of those services. As such, target shooting provides fun and enjoyment for millions of Americans, but ultimately benefits millions more through its positive economic impact.”

 

 

 

Just take a look at these numbers …

 

 

Target Shooters

 

 

 

” Target shooting comes in many forms. Participants shoot to test their skills and prepare for competition, hone their defensive abilities, test their marksmanship with new loads and optics or to simply have fun!Just like owning multiple tools to perform different jobs, many target shooters own more than one firearm, each with a particular use or purpose. With 65 percent of all target shooters, rifles are the most often used firearm. Handguns follow closely behind. Shotguns are used by 48 percent of all participants with muzzleloaders used by 18 percent of the shooting public. Although more target shooters use rifles, handgun users actually spend more days shooting, in part due to greater availability of indoor ranges in urban areas where more people live. Participation in target shooting by state roughly parallels each state’s population. Even in largely urban areas, people are keen to try their hand with firearms. Despite restrictions that can make target shooting activities difficult to enjoy, target shooting remains extremely popular and continues to grow everywhere.”

 

 

    Target shooting generates incredible amounts of revenue for businesses both firearm related and others as well as creating hundreds of thousands of jobs .

 

 

Target Shooting Expenditures

 

Read the whole report , download the PDF and be sure to share it with your friends and fellow shooters .

 

 

 

 

 

 

 

 

Chicago Preacher James Meeks Dumps Dems, Backs GOP Gubernatorial Candidate

 

 

 

” The choir sang hallelujah as the congregation of 15,000 clapped and sang along. Reverend James Meeks ratcheted up the intensity of his speech. “Man looks at the outside,” he shouted rearing his head back. “But God looks at your heart! Are you with me here?”

  Judging by the response, Meeks had the faithful at Salem Baptist Church hanging on his every word.“One hundred percent with Reverend Meeks,” said parishioner Eugene Harris outside the mega-church on Chicago’s fiercely Democratic South Side.

  Meeks is careful not to preach politics from the pulpit. That doesn’t mean he does not have a political side. This former state senator is active as a leader in Chicago’s African-American community and also has considerable political clout.

  This gubernatorial election he is not throwing that clout behind the Democrat, incumbent Governor Pat Quinn. Instead, Meeks is lining up behind Bruce Rauner, the wealthy Republican businessman from Chicago’s predominantly-white North Shore.

“ The Democratic party just assume always that 97 percent of the African-American vote will go to the Democratic party. If that assumption is true, they never have to work for our vote,” Meeks said.”

Read on

Michelle Obama Riverdances Through Dublin, Helps Rack Up $7,921,638.66 Vacation Tab For Taxpayers

Barack Obama, Michelle Obama

” When it comes to tracking the cost of Obama family vacations there are two primary challenges.  First, the Obamas are prolific jet-setters, so there are many details to track. And second, the Obama administration, clearly embarrassed by these lavish and frequent family vacations, stonewalls the release of records at every turn.

  But we have been relentless in pursuit of this information. Our attorneys file the lawsuits and make our case, and our investigators pour through pages of records and crunch the numbers. And the information we’ve uncovered – information that would otherwise remain under lock and key – shows that the Obamas have a disturbing lack of regard for taxpayer resources.

  Most recently, when reviewing the Obama family travel log, Judicial Watch recently obtained records from the U.S. Department of the Air Force and the U.S. Department of Homeland Security revealing that President Obama’s June 2013 trip to Belfast, Ireland, including a Dublin sightseeing side trip by Michelle Obama, her daughters, and her entourage, cost the taxpayers $7,921,638.66. (Per usual, and owing to the enormous public interest in Michelle Obama’s luxury travel, our discovery earned quite a bit of press coverage.)

Here’s the breakdown from the two agencies.

  •  According to the Department of Air Force documents, the flights to, from, and around Ireland for the June 17 – 19, 2013 trip totaled 33.6 hours at $228,288 an hour, which comes to a flight expense alone of $7,670,476.80  (These records came in response to a Judicial Watch Freedom of Information lawsuit filed on January 13, 2014.)
  •  According to the DHS documents, the total cost for “security and/or other services” for the Dublin side-trip by Michelle Obama and her entourage was $251,161.86, including $55,004.85 at the Shelbourne Hotel and $70,855.44 at the Westbury Hotel. Vehicle rental charges were $114,721. (These records also came in response to a Judicial Watch Freedom of Information lawsuit filed on January 13, 2014.)

  Now I can hear the White House’s defense. This was a business trip. It’s all about diplomatic relations, etc., etc.  And while this might at times be true for the president, it is certainly not true for the other members of the First Family.”

Read on

 

7 Blockbuster Obamacare Charts That The White House Doesn’t Want America To See

 

 

” Remember all those promises that were made to sell Obamacare? Like lowering premiums for a family of 4 by $2,500 a year, allowing people to keep their plans and their doctors, not adding a dime to the deficit, and all of that?

  Well, let’s just see how much of a striking success”Obamacare” is based on the numbers so far. The Heritage Foundation created these charts based on the HHS’ own numbers, the CBO’s, and the Kaiser Family Foundation’s.”

 

 

1.Young People’s Premiums are Jacked Up

Premiums_Age27

 

 

” If you’re a young person, you’re pretty much screwed. Not only will you be paying higher premiums to subsidize your elders, you will be paying more taxes over your lifetime to pay back the loans we’re accruing just to pay for this boondoggle. You’re welcome, right?”

 

 

 

      Here’s one more sample for the reader and make note of the one time dip in the rate of the tax increases this year . The cynic in us can’t help but make note of the fact that this solitary dip coincides with some very important congressional elections , mere happenstance ? We think not .

 

 

 

3. New Taxes for Everybody!

CP-Obamacare-in-Pictures-11_HIGHRES

 

” Speaking of taxes, check out these bad boys. Not just one, but 18 new taxes lumped into one giant bill that should be called “Obamatax.” Hey, it’s not a tax! Oh yeah, well, now it is.”

 

 

 

See the whole thing at IJR

 

 

 

 

 

 

Disarming The Warriors

 

 

 

Published on Apr 11, 2014
” We are defanging our military. What’s more, is that we are taking away their basic human rights to defend themselves, their Second Amendment rights to bear arms in their own self-defense, while asking them to volunteer to defend us. Moreover, we are choosing time and time again to deny them the mental health and veterans’ benefits, while giving more money to entitlements for other communities. Meanwhile, shootings on bases have occurred now multiple times, and 22 people in our armed services commit suicide daily. This is unacceptable–hear why in this Afterburner with Bill Whittle.”

Foundry’s Genevieve Wood Demolishes White House’s Wage Gap Argument

 

 

 

 

 

 

 

” In a CNN appearance today, Genevieve Wood, senior contributor to The Foundry, blasted the White House for promoting the myth that women are paid significantly less than men because of their sex, rather than their career or life choices.

“ Instead of celebrating” that men and women with similar jobs and levels of education make around the same, “the White House wants to portray this ‘war on women,’” Wood said on The Lead.

“ Young women today in metropolitan areas, for example, who are childless, single, young women are actually outperforming males in that same category all over the country,” Wood said in her appearance with former White House communications director Anita Dunn. “But the problem with that is, they hear this kind of rhetoric that discourages young women.” “

Thanks to the Heritage Foundation

‘Tax Freedom Day’ Falls Three Days Later This Year

 

Tax Freedom Day 2014 Map_0

 

 

 

” The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.

  According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.

  By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.”

 

 

Cal_TFD_Web

 

 

 

   Bear in mind that that is the national average . If you live in a high tax state you could be a government slave for an additional couple of weeks before you “earn” anything for yourself and your family …

 

 

 

” If further broken down by state, residents of high tax states would see their Tax Freedom Day later than residents of lower tax states.

“This means a combination of higher-income and higher-tax states celebrate Tax Freedom Day later: Connecticut (May 9), New Jersey (May 9), and New York (May 4),” the authors write.”

Read more at DC Caller and at the Tax Foundation

 

 

 

 

 

 

 

7 Stone Cold Facts About the Economy That Progressives Cannot Wish Away

 

 

Food-Stamp-Nation

 

 

 

” Facts are unbelievably stubborn things.

  Compare these changes for the last year of the Bush presidency 2008 versus the last full year of the Obama presidency 2013:

 

Read the rest at IJR

 

 

 

 

 

 

Only 38.6% Of Jobs Added Under Obama Have Gone To Women

 

 

 

ADDED JOBS FOR WOMEN-CHART

 

 

” Since President Barack Obama took office in January 2009, the U.S. economy has employed an additional 3,590,000 people, but only 1,386,000 of those people—or 38.6 percent–have been women.

  At the same time, women represent 46.8 percent of the national civilian labor force. That means women are getting a smaller share of the jobs being added to the economy (38.6 percent) than their representation in the civilian labor force (46.8 percent).

  The percentage of the added jobs that have gone to women is even smaller if measured from the post-recession nadir of employment, which took place in December 2009. Since then, only 37.8 percent of the net additional jobs have gone to women.”

 

 

 

Compare those dismal numbers with the track record of that “known woman-hater” George W Bush …

 

 

 

” When President George W. Bush took office in January 2001, there were 137,778,000 people employed in the United States. Eight years later in January 2009, when Bush left office, there were 142,152,000. Of the 4,374,000 additional people employed during Bush’s full two terms, 1,518,000—or 34.7 percent—were men, and 2,855,000—or 65.3 percent—were women. “

 

 

Read more on the real perpetrators of the “war on women” here

 

 

 

 

 

 

 

 

 

Here Are The Countries Where Young People Are Happiest

 

Happy Youth

 

The scale runs from green(happiest) to red(least happy)

 

” Policies aimed at improving public health and well-being around the world often focus on infants and adults. But what about the people in the middle? 

  For the first time, The Youth Well-Being Index (PDF) — a joint effort by the International Youth Foundation, the Center for Strategic and International Studies, and Hilton Worldwide — tries to assess how teens are doing in 30 countries.”

 

 

 

youth happiness

 

 

 

” Note that these are not the top 30 countries in the world; these are just the countries that the researchers looked at. They include 7o% of the world’s youth. Nigeria, for example, came in last, not 30th in the world.”

 

Read the rest

 

 

 

 

 

 

 

Gowdy: Dem Rep. Complaints About Six-Figure Salary ‘Laughable’

 

 

 

 

 

 

” South Carolina Republican Rep. Trey Gowdy Friday called it “laughable” that lawmakers are underpaid, blasting veteran Virginia Democratic Rep. Jim Moran complaints about a six-figure salary for a job that’s “priceless.”

“ I know a lot of people in the world that are underpaid — in fact I live with one, who’s a schoolteacher,” Gowdy told FOX News host Greta Van Susteren in an interview posted by Mediaite.

“ But members of Congress are incredibly blessed … to have the jobs that we have. Nobody makes us run. Every two years we offer for public office, and if you don’t want to do it then don’t run.”

  Twenty-four-year veteran Moran, who is retiring at the end of the year, groused Thursday lawmakers are “underpaid” and that many cannot “afford to live decently.” 

  Gowdy called that hogwash. “The notion that you can make $174,000 in this country and be underpaid is laughable,” he added. “We are better off than 99.9 percent of the people we claim to work for. And I would be embarrassed to say that — given our job performance and our salary — that we are anything other than grossly overcompensated.” “

   Newsmax has the story on Jim Moran’s “laughable” notion that Congress is “underpaid” and Congressman Gowdy’s absolutely appropriate response .

 

 

 

 

 

 

 

 

Jodi Miller On The Events Of The Day Funny Style

 

 

 

Published on Apr 3, 2014

” TOPICS:
– Obamacare
– Warren Buffett Bracket
– Jimmy Carter
– Chris Christie
– California Prisons
– Ed Schultz
– Ann Coulter
– Siegfried and Roy Tiger Dies

Love NewsBusted and want to receive alerts about new episodes in your
email? Visit http://newsbusters.org/newsbusted to sign up for free!

Starring: Jodi Miller
Production: Dialog New Media “

 

 

 

 

 

 

 

 

These Maps Show That Android Is For People With Less Money

 

iPhone vs Android

The Northeastern US

 

 

” This map showing the locations of 280 million individual posts on Twitter shows a depressing divide in America: Tweets coming from Manhattan tend to come from iPhones. Tweets coming from Newark, N.J., tend to come from Android phones.

  If you live in the New York metro area, you don’t need to be told that Manhattan is where the region’s rich people live, and the poor live in Newark. Manhattan’s median income is $67,000 a year. Newark’s is $17,000, according to U.S. Census data.”

 

 

 

Newark-Manhattan

 

 

” The rich, it seems, use iPhones while the poor tweet from Androids.

  The map was created by Mapbox, which markets beautiful mapping software. You can use it to zero in on your ZIP code and see how your neighborhood breaks down.

  Mobile traffic data to e-commerce sites bears this out. Every quarter, a mobile market research company called Monetate publishes data on mobile shoppers and how much they spend online. On almost every metric, Apple users come out ahead as spenders. Here’s the data for Q4 2013:

 

Share of visits to e-commerce sites from tablets

  • iPad: 87%
  • Android: 11%

Average order value from tablets

  • iPad: $155
  • Android: $110

Share of visits to e-commerce sites from phones

  • iPhone: 60%
  • Android: 39% “

 

 

Read more at Business Insider and visit your neighborhood here

 

 

 

 

 

 

 

Broken ATM At Maine Bank Spits Out $37,000

 

atmhack_1

File Photo

 

” Police in Maine are investigating after a malfunctioning ATM at a bank spit out $37,000 in cash to man who requested $140.

  South Portland police tell WGME-TV that they responded to the TD Bank branch at about 5:30 a.m. Thursday after getting a call from a woman who said a man was spending an unusual amount of time at the ATM she was waiting to use. 

  Responding officers found the man stuffing cash into a shopping bag.”

 

More here

 

 

 

 

 

 

Obama’s Top-And-Bottom Coalition Shows Signs Of Strain

 

 

obama-coalition

 

 

 

” America’s two major political parties are inevitably coalitions, forced by the winner-take-all Electoral College and the need of candidates in single-member congressional districts to amass 50 percent of the vote, or nearly that, to win election.

  In a nation of America’s cultural variety, that means holding together groups that have different priorities and conflicting positions on issues.

  So coalitions don’t last forever, and change composition over time. John Kennedy’s Democratic coalition united white Southerners and northern Catholics. Half a century later, Republican Mitt Romney carried white Southerners and white Catholics by wide margins.

  Barack Obama’s Democratic Party is a top-and-bottom coalition, with affluent gentry liberals and blacks, single women, recent Hispanic immigrants and young voters — all groups of little political heft in Kennedy’s day.

  Now in the sixth year of the Obama presidency, with his job approval stuck below 50 percent, there are signs of strain. And choices made earlier, when Democrats held congressional supermajorities, are starting to prove troublesome.

  One choice was to not bring forward immigration legislation that would provide a path to legalization for immigrants in the country unlawfully. This was a top priority for the Hispanic Caucus, but Obama and Democratic congressional leaders chose not to advance an issue that would cost them the support of some Democrats and require Republican votes.”

 

 

It’s always worth your while to read what Michael Barone has to say . This article is no exception .

 

 

 

 

 

 

 

Obamacare Navigators Enrolling People At Mexican Consulate

 

 

Mex Consulate Obamacare

 

 

” Last week, we learned from liberals that the border fence is a form of“discrimination” against “minority communities.” This week, we’re hearing that Obamacare navigators have a “responsibility” to enroll Mexicans in our health care system.

  Health Care insurance navigator groups hosted an Obamacare enrollment fair on Tuesday at the Mexican Consulate office in Brownsville, Texas.

“ Whether they’re Mexican nationals or whether they’re United States citizens or whether they’re in transition– and if they’re there it is our responsibility within all of America to educate on the Affordable Care Act,” Enroll America Field Organizer Jose Medrano told Breitbart News on Wednesday.”

 

 

    John Hawkins has more . The politicians are robbing our children of their future income and giving it , along with our country and our culture , to any and all .

 

 

 

 

 

 

What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors

 

People gather in front of a branch of Jiangsu Sheyang Rural Commercial Bank, in Yancheng

 

 

” Curious what the real, and not pre-spun for public consumption, sentiment on the ground is in a China (where the housing bubble has already popped and the severe contraction in credit is forcing the ultra wealthy to luxury real estate in places like Hong Kong) from the perspective of the common man? The photo below, which shows hundreds of people rushing today to withdraw money from branches of two small Chinese banks after rumors spread about solvency at one of them, are sufficiently informative about just how jittery ordinary Chinese have become in recent days, and reflect the growing anxiety among investors as regulators signal greater tolerance for credit defaults.

 

Reuters explains:

 

  Domestic media reported, and a local official confirmed, that ordinary depositors swarmed a branch of Jiangsu Sheyang Rural Commercial Bank in Yancheng in economically troubled Jiangsu province on Monday. The semi-official China News Service quoted the bank’s chairman, Zang Zhengzhi, as saying it would ensure payments to all the depositors. The report did not say how the rumour originated.

 

  Chen Dequn, a resident in Yandong, just outside Yancheng, said she saw a crowd of about 70 to 80 people gathering in a branch of Sheyang Rural Commercial Bank in her town on Tuesday.”

 

ZeroHedge has more

 

 

 

 

 

 

 

 

Barack Obama’s First Visit To Brussels To Cost Belgium More Than €10m

 

 

sendthrift-president

 

 

” As Belgium’s capital and host to the EU and Nato, Brussels is used to deploying heavy security when big names pop by. But US President Barack Obama‘s visit on Tuesday will strain the city like never before with €10m ($10.4m, £8.4m) of Belgian money being spent to cover his 24 hours in the country.

   The president will arrive on Tuesday night with a 900-strong entourage, including 45 vehicles and three cargo planes. Advance security teams orchestrating every last detail have combed Brussels already, checking the sewers and the major hospitals, while American military helicopters were last week given the green light for overflights. The city hosts at least four EU summits a year, with each of these gatherings costing €500,000 in extra police, military and transport expenses. “But this time round, you can multiply that figure by 20,” said Brussels mayor, Yvan Mayeur.”

 

The Guardian has more on the cost for Brussels , but what of the cost to American taxpayers ? 

 

 

 

 

 

 

 

 

The Strange Revival Of Republican America

 

 

 

” For years people have predicted the Republican party’s demise. The decline of whites as a share of the US population and the spread of tolerant values, such as support for gay marriage, would gradually snuff out its appeal. Yet the Grand Old Party has a stubborn way of bouncing back. The coming midterm elections in November are unlikely to be an exception, while the Republican field for the next presidential election looks stronger than at any time since 2000. Tomorrow may indeed arrive at some point. But for the time being, today is going pretty well for the Republicans.

  Take the fast-approaching congressional elections. President Barack Obama is giving everything he has in terms of fundraising to retain Democratic control of the Senate. The remainder of his presidency depends on it. Even diehard optimists doubt Democrats could regain control of the House. Yet the more Mr Obama throws at the Senate, the lower his poll numbers fall. Last week he hit a new low of 41 per cent approval versus 54 per cent disapproval. History says an unpopular president’s party loses ground in midterm elections. This year is unlikely to buck the trend.”

 

     Financial Times has a lengthy piece on GOP chances for the upcoming 2014 midterms and while the article is every bit as condescending as it’s title would suggest there remains much truth that even their writer’s bias cannot hide .

 

 

 

 

 

 

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