Posts tagged with: barack obama


African-style braiders in Missouri, Arkansas and Washington in several states have challenged cosmetology licensing requirements as unfair. AP/ Danny

“The free market is the greatest producer of wealth in history — it has lifted billions of people out of poverty.” – President Barack Obama at a panel discussion on poverty in May 2015.

The United States ranks as the 11th most economically free country in the world according to the Heritage Freedom Index, and has a history of embracing free-markets yet the rate of poverty still stands at a poignant 14.8 percent.

Why is this the case? While the U.S. has historically embraced free-markets, it has not been able to escape a streak of deep seeded cronyism.  Cronyism is one of the biggest threats to the free-market that nearly every country faces – especially in countries where the regulatory state has grown beyond its intended reach and the federal government exercises nearly unlimited control.

Cronyism is a broad topic that can range from corporate welfare to agricultural subsidies but one form of cronyism that often gets overlooked despite having the biggest impact on the poor is occupational licensing.

Occupational licensing is essentially any form of barrier that prevents someone from entering a certain field of work. (more…)


Obama addressing students at his town hall meeting in London. Photograph: Stefan Wermuth/Reuters

There’s not a lot of agreement when it comes to the Great Recession and the 2008 financial crisis; either about what caused it or what ended it. In a recent speech, President Barack Obama blamed the “reckless behavior of a lot of financial institutions around the globe” and “the folks on Wall Street” for causing this economic slump. Who or what finally ended this recession? According to President Obama: President Obama. While reflecting on what his presidency will be remembered for, he said, “I don’t think I’ll have a good sense of my legacy until 10 years from now when I can look back with some perspective and get a sense of what worked and what didn’t. There are things I’m proud of … Saving the world economy from a Great Depression, that was pretty good.” Acton’s director of research, Samuel Gregg, was “startled” by the president’s claim.

In a new piece for The Stream, Gregg argues that far from saving the planet, the president and government “probably mucked things up.” While he agrees that banks’ recklessness were partially to blame for the financial crisis, government agencies and their poor policies had a bigger effect:

Back in December 2007, the Nobel economist Vernon Smith warned that the activities of Freddie Mac and Fannie Mae were buttressed by the assumption that, as government-sponsored enterprises with lower capital-requirements than private institutions, they could always look to the Federal government for assistance if unusually high numbers of their clients defaulted. Both Fannie Mae and Freddie Mac, Smith underscored, had always been understood as “implicitly taxpayer-backed agencies.” Hence they continued what are now recognized as their politically driven and fiscally irresponsible lending policies until both were consigned to Federal conservatorship in September 2008.


littlesisters2The Little Sisters of the Poor, an international congregation of Catholic women religious who serve the elderly poor in over 30 countries around the world, have been given a difficult choice: violate your conscience or pay $70 million a year in fines.

For the past few years the Obama administration has been attempting to force the Little Sisters — and other nonprofit religious organizations — to help provide their employees with free access to abortion-inducing drugs, sterilizations, and contraceptives. But on Wednesday, the Supreme Court will hear oral arguments to determine whether the nuns will be given the right to continue with their ministry caring for the elderly poor and providing health benefits to their employees without having to violate their consciences.

In an op-ed for the New York Times, Constance Veit,  director of vocations for the Little Sisters of the Poor, explains why the requirement is a violation of their conscience:


Acton President Rev. Robert A. Sirico is in Washington, D.C. to participate in the papal visit to the US; tomorrow he will be attending the Pope’s address to the US Congress. In the meantime, he’s being called upon to comment on Pope Francis’ trip and the challenges the Pope will offer to both sides of the political debate in the United States. Below, you can view Sirico’s interview on Bloomberg TV from this morning. And stay tuned to the PowerBlog for more updates on Acton experts being tapped for commentary on the Pope’s visit.

Acton Institute President Rev. Robert A. Sirico joined host Laura Ingraham on The Laura Ingraham Show while stuck in Washington, D.C. traffic resulting from the arrival of Pope Francis in the city. They discussed the the optics of the Pope’s arrival at the White House, his comments there, and what to expect as the Pope addresses Congress tomorrow morning.

We’ve posted the audio of the interview below; our thanks to The Laura Ingraham Show for the kind permission to share this audio with you.

Blog author: bwalker
Tuesday, August 4, 2015

US Democratic leader Pelosi calls papal encyclical an asset in climate change
Fox Business

Pelosi said Pope Francis’ encyclical “really made an important impression on the world” and noted that citizens “who might reject a policy initiative spoken by a government official in the United States, really cannot ignore his holiness Pope Francis on the subject.” Pelosi made the comments Monday during a visit to the Milan Expo 2015 world’s fair focusing on food security issues, and as President Obama prepared to unveil later in the day new regulations demanding steep greenhouse gas cuts from U.S. power plants.

Obama says climate change a danger to future generations, national security
Fox News Latino

Obama also said Monday that, as Pope Francis made clear in his encyclical on climate change, the fight against this global problem is “a moral obligation.”

US President Obama unveils Clean Power Plan
Vatican Radio

The Clean Power Plan is widely seen as the cornerstone of President Obama’s desire to secure a global treaty at the United Nations Climate Change Conference in Paris this December, an event which Pope Francis’ recently-released Encyclical Laudato si’ also seeks to influence.

Heartland Daily Podcast – Craig Idso: Center for the Study of Carbon Dioxide and Global Change
H. Sterling Burnett, Somewhat Reasonable

Burnett and Idso discuss the work of the center in general and in particular his response to the Pope Francis’s comments and encyclical on climate change. In his recently released paper, “Stewardship and Sustainable Development in a World of Rising Atmospheric CO2: A Biblical Perspective on Humanity’s Relationship to the Biosphere,” Idso agrees with the Pope that we must be concerned with making the world a better place for present and future generations. In contrast to the pontiff, however, Idso argues increased CO2 and continued, broadened use of fossil fuels is the way to accomplish that goal.


British-American-FlagBritish journalist Tim Montgomerie notes that Barack Obama gave some unsolicited advice to the U.K. recently (suggesting that they spend more on defense.) Montgomerie thought it only fair to return the favor.

1. Montgomerie says America should not invade other countries unless we plan to follow through.

George W Bush did at least stick with Iraq and his so-called “surge policy” delivered a reasonably stable nation by 2008. Obama than walked away and we know what happened soon afterwards: ISIS and Iran walked in.

2. Don’t be weak; it’s far too provocative to the Putins on the world. (more…)