Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to senior administration officials.
In March 2010, the accounting firm PricewaterhouseCoopers issued a standard but stern warning about Solyndra, a California solar panel manufacturer:
The Obama White House tried to rush federal reviewers for a decision on a nearly half-billion-dollar loan to the solar-panel manufacturer Solyndra so Vice President Biden could announce the approval at a September 2009 groundbreaking for the company’
Newly uncovered emails show the White House closely monitored the Energy Department's deliberations over a $535 million government loan to Solyndra, the politically-connected solar energy firm that recently went bankrupt and is now the subject of a c
A new war that threatens to unravel American society may be brewing. The war has already been openly and publicly declared.
Video: CNN's Piers Morgan
President Obama proved me wrong last night in his jobs-jobs-jobs speech.
Officials released President Obama’s uncle from Plymouth County jail yesterday after holding him for more than two weeks on an immigration detainer for violating an order to return to his native Kenya in 1992.
Murray Rothbard once spoke fondly of the 19th-century New York politician William M. (“Boss”) Tweed who was notoriously corrupt. Why?
To create more jobs now, the President is sending Congress the American Jobs Act – a set of ideas supported by both Democrats and Republicans that Congress must pass right away. The purpose of the American Jobs Act is simple: put more people back to
Until this distortion is ended, and it is clear that doing so will require that Bernanke be removed from office and the banksters stripped of their political power through whatever means are necessary there will be no meaningful entrepreneurship...
The Obama administration wants to keep troops in Iraq. Never mind that pre-President Barack Obama criticized the war. Never mind that Uncle Sam's annual budget deficits exceed $1 trillion. Never mind that Washington faces more than $100 trillion i
Solyndra filed for bankruptcy last week, shocking both workers and the Obama administration, which had given the startup $535 million in low interest loans. Congress has demanded a hearing into the matter. There are no reports of any arrests at t
Well our cost cutting, spending focused, deficit hawk president (WIMPY) held the line on spending for exactly 30 days. He is asking for $300 billion of burgers for 2012 and he promises to pay for them at some time in the future...
In a preview of the speech he will deliver Thursday, the president challenged Republicans to create new jobs.
It was startling enough to see the high approval rating of George W. Bush early in his presidency. But it’s even more startling to see that 44% of adults approve of the job being done by President Barack Obama.
Barack Obama has never repudiated the War Machine that routinely produces such atrocities; on the contrary, he has embraced it, praised it, identified himself with it at every opportunity. He has never repudiated the criminal occupation...
According to five people with direct knowledge of the discussions, state prosecutors have proposed settlement language in the “robosigning” case that also might release the companies from legal liability for wrongful securitization practices.
John Rizzo, one of the top attorneys for the Central Intelligence Agency (CIA), claims that President Barack Obama has “endorsed” nearly all of the controversial Bush administration secret warfare programs.
Last week Federal agents raided two Gibson guitar factories in Tennessee because materials that were used by the guitar maker were allegedly breaking international laws. The law that Gibson allegedly broke was that they used wood that wasn't finished
The Slave Auction was created by the money that you and I paid to the government that was used to enslave each and every one of us: Yes we have paid for our own enslavement and none of the major parties has said even one word...
Instead of studying what makes Gibson (guitars) special, the Obama administration has decided to make it a target of more moron driven buffoonery.
In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big...
Obama agreed to move his speech to Thursday, Sept. 8, which happens to coincide with the opening game of the NFL regular season, a prime time contest between the New Orleans Saints and the defending Super Bowl champion Green Bay Packers from Lambeau
“It’s a political hail Mary. It’s unclear why they want to throw a monkey wrench into a $5 trillion market,” said John Kerschner, head of securitized products at Janus Capital Group in Denver. He said the net benefits for the economy are negligible..
President Obama has decided to ask Congress to convene for a Joint Session so he can present his job/economic plan on the same night (and at the same time) as a GOP Presidential Debate. Will Congressmen Paul and/or Bachmann skip debate?
It is Bernanke that is frustrated that his low interest rate policy has not resulted in more ReFi’s. You can also take as a fact that Bernanke wants something done on mortgage relief.
The debt it issued would be "off-budget," which means it wouldn't show up in annual outlays.
The FDIC is overseeing an industry with $13 trillion in “assets” and only carries a $3.9 billion insurance fund. It appears the wizard behind the curtain is blowing more smoke than ever.
Obama appears to be gearing up to try to Do Something on the housing and general economy front. Readers have no doubt wised up to the fact that Doing Something, Obama Administration version, generally consists of largely cosmetic...