We need to CHANGE direction, America

The latest in a serious of bad decisions (coupled now with phony numbers--hide the decline) on the economy by the Obama administration. Larry Kudlow, Did I Say Dumb Tax Policy?:

And here’s yet another ridiculous part of this story: The largest banks that de-TARPed, and are regaining their health, are now, with this tax, supposed to cover the government-owned failures like GM, GMAC, AIG, and Fannie and Freddie, which are running up huge deficits because they may be on the taxpayer dole in perpetuity. In other words, the healthy banks that made good decisions and paid down TARP are now getting taxed so that the government can finance the bad actors. This makes no sense at all.

But of course, Big Labor is benefiting with unsustainable handouts at our expense.

California's debt has been downgraded again. Illinois is doubtless next. And America?

Retail sales unexpectedly fall, jobless claims up

The Next Meltdown: The man who predicted the real-estate crash says to buy gold.

The Tea Party movement arose and gained traction because Americans are outraged and shocked at the direction the Obama administration and the Dems in Congress have taken this country.

P.S. The darlings of the Obama administration, Top Ten Union Corruption Stories of the Year. HT Steve Bartin.