The entire argument for the trillion dollar stimulus package that passed into law back in February, was that even though it would dry up productive capital and result in a net loss to the economy over the long run, in the short run it would create mu
The big event for the day will be the announcement of US auction sizes for next week. RBS economists estimate that we'll see $44bn in 2 years, $41bn in 5-years, $30bn in 7 years, and $7bn in a 5 year TIPS reopening which would all be a $1bn upsizes v
The stories about a return to bubble-era lending standards are getting too depressing to bear. There are the no-down payment loans backed by the USDA, the FHA mortgage worth more than 110% of the value of the home, and now this: babies buying home
Barclays Capital hosted a private meeting yesterday with Goldman Sachs president Gary Cohn, CFO David Viniar and Global Sales and Treading co-heads David Heller and Harvey Schwartz. How concerned are they about any new regulations on the financial in
I recently saw this video where the founder of the Oath Keepers, a group of men and women in military and law enforcement who will refuse to obey any order that goes against the constitution, was answering Chris Matthews on Hardball.
On October 14, Lord Christopher Monckton gave a presentation in St. Paul, MN on the subject of global warming. In this 4-minute excerpt from his speech, he issues a dire warning to all Americans regarding the United Nations Climate Change Treaty that
This is a whole series I think is worth watching. This is a sample if you like it you can watch the entire series.
More Americans than forecast filed claims for unemployment benefits last week, a reminder that the labor market will be slow to recover. Initial jobless applications rose by 11,000 to 531,000 in the week ended Oct. 17,
It seems nobody in this country wants to take responsibility for the secular decline in the value of the U.S. dollar. When Fed Chairman Ben Bernanke is asked about the currency's decline, he refers the query to the Treasury Department. When the presi
The Senate must soon increase the national debt limit to above $13 trillion — and Democrats are looking for political cover. Knowing they will face unyielding GOP attacks for voting to increase the eye-popping debt, Democrats are considering attac
IS the War on Fox News merely one front in the rapidly-escalating War on Free Speech? FCC Commissioner Michael J. Copps’ lecture and the United Church of Christ letter about “hate speech in the media”.
America Now Over 6 Million Jobs Shy of Administration's Projections
We were promised “transparency,” a “post-racial” America and a new “post-partisan” tone in Washington. The facts prove otherwise.
Edward Pinto, the former chief credit officer at Fannie Mae, and a consultant to the mortgage industry lays out the sad truth. The government is aggressively making the same pro-homeownership moves that got us into the last mess.
In my last article on these pages, I offered criticism of a New York Times article that had praised the Lincoln administration's property violations in pursuit of military objectives. Today I want to focus on a regular Wall Street Journal columnist w
Sen. Alexander (R-TN) accused the White House of "street-brawling" with opponents, and said the strategy of freezing out opponents amounts to a latter-day "enemies list," a reference to an infamous practice of President Nixon.
A top Senate Republican took to the Senate floor Wednesday morning to suggest that the Obama White House is plotting a political strategy similar to that of ex-President Richard Nixon and may be on the verge of preparing its own “enemies list.” Re
Senate Finance ranking member Chuck Grassley (R-Iowa) is raising concerns that a Department of Health and Human Services Web site that urges visitors to send an e-mail to President Barack Obama praising his health care reform plan may violate rules a
The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that 27% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty percent (40%) Strongly Disapprove giving Obama a Presi
Among gifted speakers like Chuck Baldwin at this years 2009 Constitution Party National Committee Conference, attendees will also get their first peak at the popular new patriot film “Camp FEMA.” Jim Clymer Constitution Party National Committee Chai
On Tuesday, Matt Drudge ran a headline about the weakening U.S. dollar on his website, Drudgereport.com. In and of itself, that would be unremarkable, except that it was the 18th time Drudge had posted a link to a story about the weak dollar this mon
The U.N. Human Rights Council passed a resolution supporting free speech–except when that speech criticizes religion. And, the US voted for it.
The 2003 law that created the Medicare prescription drug plan was a windfall for the drug industry. After the bill passed, many of its architects left Capitol Hill to become lobbyists. And now they’re back on the Hill, as lobbyists for drug companie
The Conference of the Parties (COP) to the United Nations will hold their 15th conference on climate change through December 7-18th. At the conference, globalists like Obama will sign the ‘Copenhagen Climate Change Treaty’ that will replace the Kyoto
The unprecedented number of death threats against President Obama, a rise in racist hate groups, and a new wave of antigovernment fervor threaten to overwhelm the US Secret Service raising questions about the 144-year-old agency’s overall mission.
“It seems quite clear that the contingencies are being set for a potential US attack on Iranian nuclear facilities,” investigative journalist Wayne Madsen told RT after returning from training facilities in the USA.
Senate Democrats are pressing Majority Leader Harry Reid to address the nation’s rising debt with a special legislative process, despite reluctance from the White House and House leaders.
A key House of Representatives committee is set to vote soon on legislation that would overhaul financial regulation and produce greater transparency for investors, but as it's now written it fails to address many of the credit-rating agency misstep