At a time when Americans are speaking out against government bailouts and wasteful spending, President Obama is committing at least $50 billion of U.S. tax dollars to help bailout Greece and the European Union.
Just today, the Financial Times reported that the IMF is seeking to boost its lending resources by another $250 billion. If the IMF is successful, the U.S. contribution to the E.U. bailout could be upwards of $100 billion.
I’ve been saying since I learned of this bailout, that the federal government should not be borrowing more money – much of it from China – to subsidize the fiscal recklessness of European nations. That’s why I introduced a Congressional resolution opposing U.S. participation in the European bailout.
Share on Facebook 1 1 SHARES The hip young party of hip young youngsters has two people still running for the nomination for President at an average age of 71 years. Of the two oldsters running, one of them today was baffled and alarmed when a hip young voter said his friend’s “selfie” went “viral.” “You went viral?” Mrs. Clinton said to the man’s friend. | Read More »
Share on Facebook 1 1 SHARES Word on the ground in New Hampshire is that Team Hillary knows they are going to lose and lose big. The campaign is prepared to lose in NH and recover in SC, where Hillary is leading Bernie by a huge margin. Hillary has already turned her attention to the general election, and for good reason. In New Hampshire, non-aligned | Read More »
The Donald’s lack of concern or ignorance about the basic technique of American politics surely contributed to Trump’s defeat by the excellent ground game of Sen. Ted Cruz’ campaign. Worse Trump’s failed Iowa effort, led by Chuck Laudner who ran Santorum’s 2012 Iowa ground game, was stronger than Trumps operation in New Hampshire.
Share on Facebook 1 1 SHARES Next month, the Department of Labor is expected to release its “final” rule on the nearly five-year old scheme to require employers and their service providers (e.g., advisors, attorneys, consultants, survey companies, and even website developers) to report their financial arrangements, as well as the payments made and received. They’re known as the “persuader rules” and they will, very likely, | Read More »