Democrats Plan to Raise Taxes if They Win 2018 Mid-Terms

On CNBC’s Squak Box this morning, Democratic Whip Steny Hoyer says that if Democrats regain the majority after the 2018 election, they will look to raise taxes. This is in concurrence with the plan the Senate Democrats have announced.

As Bill Clinton found out, raising taxes is a recipe for political disaster and poor economic results (like we had under Obama).

Marco Rubio Reflects on CNBC GOP Debate

I have to give Marco Rubio props for 1) staying positive in this interview and 2) telling the truth about, and sticking to his guns about, Hillary Clinton’s lies about the 2012 Benghazi Libya attacks which were exposed during her recent testimony.

The lies are easy to spot, backed up by evidence, yet the media, in this case Charlie Rose, twist the facts to do anything they can to cover it up or dismiss it in Hillary Clinton’s favor.

Whoa: Charles Barkley Agrees With Zimmerman Verdict and Blasts Media Over Coverage (Video)

Considering that the FBI spent substantial time interviewing people who knew George Zimmerman and could find NO evidence that Zimmerman is a racist, I do not believe there was racial profiling in this case but otherwise, Charles Barkley nails it and speaks the truth.

Via Savage Nation

NBA legend Charles Barkley appeared on CNBC’s Closing Bell with Maria Bartiromo Thursday afternoon and shared his incredibly diplomatic views on George Zimmerman’s acquittal. “I agree with the verdict,” Barkley told Bartiromo. “I’m sorry that young kid got killed, but they didn’t have enough evidence to charge him.”

Barkley admitted that he did see some “racial profiling” in the case, but said “something happened that changed the dynamic that night.” He recognized what he was saying was “probably not a popular opinion among most people,” but “looking at the evidence” he said he agreed with the jury’s decision.

He also called out the media for not having a “pure heart” when it comes to race. “Racism is wrong in any, shape or form,” Barkley said. “A lot of black people are racist too. I think sometimes when people talk about racism, they say only white people are racist, but I think black people are too. I don’t think the media has clean hands.”

Despite Zimmerman’s “racial profiling,” in Barkley’s assessment, “Trayvon Martin, God rest his soul, he did flip the switch and start beating the hell out of Mr. Zimmerman.” He added that he “feels bad” that the trial gave “every white person and black person who is racist the platform to vent their ignorance. That’s the thing that bothered me the most. I watched this trial closely. I watched these people on television talking about it. A lot of these people have a hidden agenda. They want to have their racist views, whether they are white or black… They’re biases come out.”

Rick Santelli Blasts ‘Ostrich Economics’ (Video)

There are some highlights I’d really like to hit. The first one is that about 41.3% of unemployed have been unemployed for 39.1 weeks. That is huge and pretty much says it all. This is the weakest recovery since the Great Depression. A whole 4/5ths of the drop of the unemployment rate is due to a drop in the labor force participation. It is the lowest since 1981.

(Video via Gateway Pundit)

Get Ready For $5 Gas This Year

Via CNBC:

Get ready to pay $5 a gallon for gasoline this year. John Hofmeister, founder of Citizens for Affordable Energy and the former CEO of Shell Oil’s U.S. operations, warned that there is a “better than 50 percent chance” the price of gas will spike on continued heavy demand in emerging markets and weak public policy at home.

He also sees West Texas crude prices touching “the midteens to $120 a barrel some time this year.”

“What’s really unprecedented is developing countries, particularly China and India, have this insatiable need for more oil and that has not been taken into account when we think of public policy in this country,” he said.

“So while we may be producing a bit more oil in this country, and while demand is down a bit, on a global basis I’m afraid we face a continuing onslaught of prices creeping ever higher,” he said. “I hope I’m wrong on this. I’d love to be wrong on this.”

Hofmeister, a CNBC contributor, spoke Friday, the same day the International Energy Agency cut its oil growth demand forecast for a sixth straight month because of the weak global economy. He disagreed with the IEA, saying “demand is still growing” at a time when East Coast refineries are closing because of declining margins and the uncertainty in the Persian Gulf heats up.