President Barack Obama signaled Friday he will continue Bush Administration policy with regard to detainees held at a US airbase in Afghanistan, saying they have no right to challenge their detentions in US courts -- and denying them legal status alt
The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday.
You sort of say to yourself: what’s going to happen in this society when these people are without jobs, when their families hurt, when they lose their homes, and so forth?
The photograph appears to confirm a seeming slip-of-the-tongue by Sen. Dianne Feinstein (D-CA), a member of the Senate Intelligence Committee who said that the US was launching strikes on Pakistani territory from inside Pakistan...
An Oklahoma City police officer wrongly pulled over a man last week and confiscated an anti-President Barack Obama sign the man had on his vehicle.
"What I thought was a mistake of this proposal was it underestimated the intelligence of the American people because it was built up to be this great 'saving grace' but somebody set those expectations and there was nothing behind it.**QQ
By subsidizing monthly payments, and not forcing banks to write down principal by more than a token amount of $1000 per year for 5 years, the plan will keep homedebtors tethered to vastly overpriced mortgages. Who does this really benefit?
Angela aka 'Ladyfyre' of Arizona Patriots Resistance wasn't too keen on the protrayal of yesterday's events at AZCentral.com' newsdesk...
Unemployment could get so bad in some countries that there will be civil unrest. Blair cited that scenario in his threat assessment last week, saying, "Economic crises increase the risk of regime-threatening instability if they are prolonged for
Shiller and others have warned that investors who scoop up distressed properties now will hold onto them until the market shows signs of life. Then, of course, another flood of homes and condos will hit the market, giving us a double-dip housing down
This entire "crisis" is not an accident - in any way, shape or form. We will not get out of this mess until we recognize that we are here as a consequence of a massive, financial-system-wide campaign of fraud and theft...
The Obama agenda isn’t about saving the American economy. Rather, it is about putting Big Brother in control of our lives. It’s about the Nanny State — big government intrusion into every aspect of our lives
A cartoon likening the author of the stimulus bill, perhaps President Hussein Obama, with a rabid chimpanzee graced the pages of the New York Post on Wednesday.
How many people will become unwitting interest slaves for the rest of their lives by signing up for one of these "loan modifications"? That is likely to happen if non-recourse loans become recourse loans.
"No More Pork!" (Now the Republicans get principled???) But then the people had their say too.
Consider "ring-fencing" the United States, pulling all swap lines and protecting ourselves. We cannot backstop the world; we don't have the money and can't raise it. We are tying an anvil to our ankles and jumping into the water,
"Madison wrote, 'Justice is the end of government. It is the end of civil society. It will be pursued either until it be obtained or until liberty be lost in the pursuit.'"
To “save” the economy is to “save the banks,” along similar lines to the West trying to save its banks from their adventure in the post-Soviet economies. This is the basic neoliberal economic plan, after all. The U.S. economy is about to be “post-Sov
"This case cannot be litigated," Department of Justice attorney Douglas Letter argued. "The judges shouldn't play with fire in this national security situation."
The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” ..
I think Karl Denninger hit the nail on the head.
"The economy will turn around. Things will get better. The banks will be worth a lot of money. And they will cash out. And we will be paying higher taxes, we and our children, will be paying higher taxes so those people could have those bonuses.
We were warned about the Israeli lobby by writers like Justin Raimondo for over a year before Barak Obama became president.
Obama drops plan to name a single "car czar" to oversee the restructuring of GM and Chrysler. Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers will oversee the Presidential Task Force on Autos
President Obama has dropped the idea of appointing a single, powerful "car czar" to oversee the revamping of General Motors and Chrysler and will instead keep the politically delicate task in the hands of his most senior economic advisers
Six former Rhodes Scholars (educated at Oxford University in Britain) and four others associated with the London School of Economics are serving in key posts in the Obama administration. That’s not good.
What is the reason then that we are following a path that will fail? Are those who know what is happening afraid to admit it, to tell the truth? Is it simple looting until the harsh medicine is taken? Is it the cowardice of the Democrats?
Obama’s bailout plan, added to the FY 2009 budget deficit he has inherited from Bush, opens a expenditure hole of about $3 trillion. As Craig Roberts, pointed out here last week, “Who is going to purchase $3 trillion of US Treasury bonds?
The conclusion has to be that Geithner doesn’t know how his “stability” plan will work out in practice because he’s not yet sure what China and other global players are going to do. Our fate lies in their hands, signaling desperate times for our nati