As usual, last week’s initial jobless claims number was quietly revised upward when nobody was looking. But that’s good news for this week, since there were more jobless claims than expected, but it’s all good because it’s the same as last week’s revised number. Nothing to see here! While claims were expected to improve...
CNS News reports that human rights activists are pushing for a global “Robin Hood” tax on financial transactions ahead of the G8 summit. Which country do you think would get hit the hardest by such a tax? In a statement issued in Geneva – home to the U.N.’s human rights apparatus – the five...
After JP Morgan’s recent loss of at least $2 billion, voices from the right and left are calling on some of these huge financial institutions to downsize. Yet according to The Wall Street Journal, the Federal Reserve is getting ready to double-down on “Too Big to Fail.” They want to add even more to...
Senator Rand Paul (R-KY) took to the Senate floor to talk about the national debt, and his solution, which hardly anyone voted for. Cowards. This is why I like Senator Paul. “We’ve got infinity from their side. We’ve got five years from our side.” “How do we compromise if the other side doesn’t come...
MSNBC is ridiculous. Mitt Romney made a campaign appearance in Florida today and rolled out the National Debt Clock to show the dangerous path this country is traveling on. Mitt Romney had nothing to do with the nearly $16 trillion in national debt, but he did acknowledge that many Republicans did. So, how did...
Senate Democrats are shameless and disgusting. All they do is sit around dreaming up ways to make Republicans look bad. They had another chance to pass a budget, and again they failed. The Senate voted on five budgets today, at the insistence of Republican senators. The result was revealing: no Senate Democrat voted in...
President Obama is gearing up for yet another debt ceiling debacle; and his solution is to raise taxes on the rich, even though he knows there aren’t enough wealthy people in America to cover the budget deficit, let alone pay off the debt we already have. If he really wanted to do something about...
CNN did an entire segment on some You Tube ads the US Chamber of Commerce is running supporting Republicans in a few New York Congressional Districts, including that of Rep. Ann Marie Buerkle (R). They’ve been playing on TV, but the people at the Chamber thought it would be a good idea to also...
The Hill reports that Speaker John Boehner and others met with President Obama today to discuss some of Obama’s expensive economic proposals as well as the Debt Ceiling Fiasco Part II. President Obama brought hoagies and his typical bad attitude. According to Speaker Boehner, Obama has no intention of cutting spending in return for...
Reader Liberty sent along this artwork for #ObamaInHistory week. Obama is now the Forrest Gump president. Tweetvaso link
Did the Federal Reserve policy of loaning to banks at zero interests rates lead to the huge losses at JP Morgan? Chris Street seems to think so. I found the post at Big Government. It’s kind of long, but worth reading in its entirety. Here’s Street’s conclusion: The derivative exposure of these three banks...
The Mitt Romney campaign released an ad featuring a few of the people the Obama economy has left behind. Within hours, Politico’s Maggie Haberman published a piece full of dirt on one of the men who appeared in the ad. According to public records, a Jason Clausen with his birthdate was found guilty of...
President Obama has been out there pandering to everyone, including students. He’s made a big deal about keeping the student loan interest rate at 3.4%, a rate which his party set to double this year. The Republicans told him they’d be happy to keep the rates where they are, as long as it’s paid...
According to Gallup, the mood in the country does not bode well for President Obama’s reelection. Comparing today’s economic and political ratings with those from previous years when presidents sought re-election reveals that today’s climate is more similar to years when incumbents lost than when they won. Perhaps the broadest indicator of the public’s...
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