PAXALLES

Larry Kudlow of CNBC with Laura Ingraham

Laura Ingraham hosted Larry Kudlow of CNBC.

Kudlow said he's doing great in the market and said he's a buy and hold investor.  

Kudlow agrees with Senator Ted Cruz that the internet sales tax is wrong and that the internet companies do pay taxes.  It is the big box retailers trying to put the online operators out of business.  He said it's big business in bed with government and cited the complicated tax regulations that will put small operations out of business.  

Kudlow detailed the many aspects of the US sluggish economy and that this is the worst time to raise any taxes but instread it's time to lower and simplify taxes.  

VIDEO: President Obama & Mexico's President Enrique Peña Nieto Press Conference

United States President Barack Obama and Mexico President Enrique Peña Nieto hold a press conference in the Treasury Room of the National Palace in Mexico City, Mexico on Thursday, May 2, 2013.

Obama blesses Mexican security plan, eyes deeper business ties

 

 

 

US March 2013 Unemployment Rate: 7.6%; 88,000 Jobs Added

The March 2013 unemployment rate is 7.6 %, according to the Bureau of Labor Statistics with 88,000 jobs added.  

From the Drudge Report:

UNEMPLOYMENT RATE 7.6%...
Labor force at 63.3%, lowest since 1979...
JOBS UP 88,000...
Goolsbee: 'Punch to Gut'...
Cramer: 'Permanent Unemployed Level'...
REPORT: Payroll tax, not sequester...
DOW DROPS 100 IN 60 SECONDS...

John Stossel on "The Laura Ingraham Show"

Laura Ingraham guest host Raymond Arroyo spoke to John Stossel, author of "No They Can't".

Stossel said pollution control is a government role and is glad they cleaned the air and water.  However, he deems government handouts to rich people for green projects such as the Chevy Volt are a waste.  He said the market will find the best method to deal with challenges.  

Stossel spoke of an environmental endangered species efforts that prevented a man who wanted to build housing post-Katrina from doing so.  

Stossel said we complain about these rules and wrote his book to demonstrate that the government can and does add more and more regulations.  

Stossel suggests money be attached to the child at the local level and that money needs to be taken out of the school monopoly business.  He said vouchers are ironically killing off the Catholic schools and that even the voucher program has gotten corrupted.  

Monday Stock Surge Based On "Political Intelligence" On Shift in Obamacare Policy

Monday's sharp stock market rise was due in large part to "political intelligence", a practice under the spotlight on Thursday.

The last-minute action, which drove the shares sharply higher before the close of trading, is throwing a spotlight on the controversial "political intelligence" industry, the subject of a report due Thursday by the investigative arm of Congress.

The instigator for Monday's rally was a report from a Washington-based investment-research firm that often ferrets out policy news and analysis for investors, according to industry experts and market data from that afternoon. About 15 minutes before markets closed, the firm correctly predicted the Obama administration would reverse course on big spending cuts that would have hit health insurers.

 

Steve Green of Hobby Lobby with Laura Ingraham

Laura Ingraham hosted Steve Green, President of Hobby Lobby and Attorney Kyle Duncan. 

Green said his group sought an injunction and then an emergency injunction and are now back at the 10th Circuit Court.  Duncan said that its 13-4 in favor of businesses who are against the Obamacare provisions that require them to provide contraception to their employees via health insurance.  

Green said his family business will not provide life ending contraceptive drugs and hopes they won't have to shut down their operations over this issue.  

Duncan said that the government has set up three tiers of rights for religious freedom.  He said that there are murky accomodations for two groups, but not for those in business suing on principle who are left out of the equation.  

Ingraham pointed out that Hobby Lobby is one of the most profitable operations of its kind and if it shut down, it would cost many jobs.  Green said his company is mandated to pay for these contraceptives and mentioned that his employees have other options if they don't agree with the company's policy on this issue.  

Ingraham deemed this as an example of religious imperialism.  

It Bites Apple: Eye-tracking Samsung Galaxy S4 unveiled

Inside Galaxy S4

Eye-tracking Samsung Galaxy S4 unveiled:

 

SWEET! Mayor Bloomberg Feeling A 16 Ounce Tingling Up His Leg As Sugary Drinks Edict Shot Down

Mayor Michael Bloomberg's half-assed edict against sweet beverages was shot down on Monday, putting the future of this push in limbo.

State Supreme Court Justice Milton Tingling said the 16-ounce limit on sodas and other sweet drinks arbitrarily applies to only some sugary beverages and some places that sell them.

"The loopholes in this rule effectively defeat the stated purpose of this rule," Tingling wrote in a 36-page ruling that examined the scope of power that should be afforded an administrative board for regulations. The ruling was seen as a victory for the beverage industry, restaurants and other business groups that called the rule unfair and wrong-headed.

 

Corporate Socialism: Tax Exempt Bonds

Tax exempt bonds are a big perk for business - something formerly the province of public works.  

Corporate socialism rears its ugly head again.

In all, more than $65 billion of these bonds have been issued by state and local governments on behalf of corporations since 2003, according to an analysis of Bloomberg bond data by The New York Times. During that period, the single biggest beneficiary of such securities was the Chevron Corporation, which issued bonds with a total face value of $2.6 billion, the analysis showed. Last year it reported a profit of $26 billion.

 

Harry C. Alford of the Black Chamber of Commerce with Laura Ingraham

Laura Ingraham hosted Harry C. Alford of the Black Chamber of Commerce.

Alford said the sequester cuts are no big deal and that it's done in business prudently and wisely all the time.  He added Ronald Reagan did it as well.  

Alford said that blacks have given Obama a pass and thus he doesn't feel he has to address the needs of blacks.  Ingraham pointed out that conservative blacks are denigrated by Obama and many blacks.  

Alford said a number of black churches are supportive of entrepreneurial efforts.  He said the economic indicators aren't there for an economic rally and that there will be a correction that will hurt.  Ingraham noted that people's expectations have been lowered and dependency on government has increased.  

Alford says there is a false profit in the White House spouting Elmer Gantry style rhetoric.  

Alford said we have enough people in the immigration line to cover our needs without massive amnesty.  

Peter Wallison with Laura Ingraham

Laura Ingraham hosted Peter Wallison. 

Wallison explained the stock market's up and down, now affected by the Italian elections.  

Wallison said the financial crash was bipartisan and that politicians were finger pointing to each other.  The bottom line was the government created demand for housing and said the mortgage system must be reformed before our economy becomes more stable.  He said the problem emerged in the Carter administration when it was thought good to help those who couldn't handle mortgages.  The government intervened which perverted the markets and over time led to the Great Recession.  

Chris Crane with Laura Ingraham

Laura Ingraham hosted with Chris Crane.

Crane said the Border Patrol is supposed to keep people from entering the country illegally.  He said ICE's role is to supervise the people who are here illegally and are in the country already.  Ingraham and Crane commented on the confusion over the DREAM Act.  He said ICE mostly deals with criminals and that there are now criminals who are gaming the system to say they are DREAM Act students and shouldn't be deported.  Crane said ICE personnel have less rights than illegals who have broken the country's laws.  Homeland Security has not been helpful and Crane said Homeland Security Secretary Napolitano will do anything to push amnesty and that the borders are not secure.  

Ted Leonsis with Laura Ingraham

Laura Ingraham with Ted Leonsis.

Leonsis spoke about his teams, the Washington Capitals and Wizards.  He spoke about several entrepreneurial project he's into including Groupon, a media company making content for mobile devices, etc..  He's turned around parts of Washignton, DC, bringing in millions of people.  

Leonsis said unfortunately big companies are not hiring, but said it's the best time to create a business by seeing what the big companies are doing and finding ways to do it better and cheaper, get the seed money and create a start-up

 

Texas Governor Rick Perry with Laura Ingraham

Laura Ingraham hosted Governor Rick Perry.

Listen to the interview`Perry said there is competition among states and that people are moving to Texas and other business friendly states - and people are moving to these states and more jobs are being created.  He said it's not against California which he deemed a beautiful state that is getting fouled up with bad business government policies.  

Perry noted jobs are being created in all categories.  He said it is admirable for the Democrats to try and turn Texas blue as Texans aren't afraid of competition.  He said Republicans need to instill their conservative principles to compete well.  

WWD Executive Editor Bridget Foley Slams Michelle Obama For Behaving Like An "Indulged Starlet"

Women's Wear Daily editor Bridget Foley slammed Michelle Obama for behaving like an "indulged starlet" in the matter of choosing a designer for her inaugural attire.

No doubt Ms. Foley has heard those whose designs weren't chosen dishing about Obama's Marie Antoinette proclivities, despite her Lady Bountiful attempts as a devoted public servant.

Mrs. Obama isn’t an indulged starlet primping for the Oscars, nor should she behave like one," writes Bridget Foley, executive editor of Women's Wear Daily. "Women everywhere have big events for which they select a single dress in advance of the moment." 

Michelle Obama's behavior is high-maintenance compared with that of first ladies' past, such as Laura Bush, Foley wrote.