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“I would cut 400 to 500 billion dollars from overseas. I don’t think it makes any sense to blow up bridges in Iraq and then pay to rebuild them to no bid contracts which corporations never rebuild.”
The president who was once a champion of defendant's right to DNA evidence as a senator in Illinois has now let his Justice Department oppose that right at the Supreme Court. What happened?
Mr. Obama indicated that the end was not in sight when it came to the economic crisis and suggested that he expected it could take another $750 billion to address the problem of weak and failing financial institutions beyond the $700 billion already
Overseeing a dispirited nation, President Barack Obama sought to assure people that bleak times will give way to better days, calling the mounting economic crisis a time to discover America's next "great opportunity."
"True, If it ain't broke, you don't fix it. But if it's really broke, you don't fix it either, you throw it away and replace it with something that works better."
...the "only" way out of the global recession. "Come with us, align yourself, come with us on the road to socialism. This is the only path. Imagine a socialist revolution in the United States,"
After all, George H. W. Bush used the same practice during the final stages of the Cold War, and was vindicated.
Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.
Congress will be consulted as the administration decides to seek new money, Geithner said.
About two years ago, Citi's market value was above $270 billion. Today its market cap is a little over $5.4 billion.
You may not agree with all of the solutions that Joseph Stiglitz proposes but he understands that the debt should not be borne by the taxpayer.
A shocking document has come to light from a church in Ohio which educates its congregation that Barack Obama’s presidency is appointed by God and that Obama himself is “God’s minister,”
A shocking document has come to light from a church in Ohio which educates its congregation that Barack Obama’s presidency is appointed by God and that Obama himself is “God’s minister,” (Reminds me of Ministers in New Orleans when they took Guns)
Here's a "WHERE'S THE PROOF" political cartoon (image download link: http://www.ticketslayer.com/proof.htm) I put together regarding Obama's citizenship. It's a play upon one of the old Wendy's classic ad campaign (
Read Letter
What we are dealing with is the fraudulent transfer and confiscation of lifelong savings and pension funds, the fraudulent appropriation of tax revenues to finance the bank bailouts, etc. To understand what has happened: follow the money trail...
“A large number” of bank failures may occur through 2010 because of “rapidly deteriorating economic conditions,” Bair said in the letter.
Because of the lack of response by Obama and his administration, it is evident to me that this is an act of treason against our country.
In this 10 minute interview Michael Hudson rips the Obama administration and explains how the US has become a kleptocracy run by the oligarchs...
Barack Obama has shown that he is as capable of doublespeak as any other politician when he announced an end to the war in Iraq. Combat troops are to be pulled out of Iraq by August 2010, he said, but some 50,000 occupation troops will remain behind.
President Obama promised, “We will make the immediate investments necessary to ensure that within five years all of America’s medical records are computerized.”
Even though President Barack Obama has repeatedly pledged to ban congressional earmarks, White House Chief of Staff Rahm Emanuel has 16 such projects, worth about $8.5 million, in the bill the Senate is scheduled to begin debating Tuesday.
Another Obama administration nominee has tax troubles. This time, it's Ron Kirk, the president's choice to be U.S. trade representative. Kirk owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to pay them
Well it's not just a bailout of the shareholders of AIG, but a bailout of the counterparties to AIG, their creditors like GS, ML and every bank and broker here and in Europe, and without all this $160 billion dollars --- all these institutions wo
If the government fails in securing funding, a very high probability of systemic collapse.”
President Obama has presented the most irresponsible budget in US history. His fiscal year 2010 budget projects federal spending of $3.5 trillion and a federal deficit of $1.75 trillion. In other words, 50 percent of the government’s budget consists
On CNN, Admiral Michael Mullen declared that Iran had enough nuclear fuel to make a bomb, adding that “Iran having nuclear weapons, I’ve believed for a long time, is a very very bad outcome - for the region and for the world.”
Before you say, "they can't do that", recall the effective confiscation of gold in the Great Depression. rationing, wage and price controls, the suspension of habeus corpus. There is a good deal that the Feds could do if they chose to,
What is a Confidence Man and what makes us say President Obama is conning the public? A con man succeeds by gaining the confidence of the victim. In this case the victim is the taxpayer
This is not some abstract failure in the market - this is a series of actions that have been taken with the full intention of screwing you, by both Democrats and Republicans, so that a handful of robber barons masquerading as capitalists do not have
The source of all these bailouts, aid packages, stimulus, and so on is primarily funded by one thing: borrowing. Here’s what I found when perusing through the headlines today:
