Back Door Bailout / Is Fed Buying Bank Stocks?
Could the Federal Reserve be the driving force behind the recent surge in stock market prices? Since mid-March, the aggregate value of stocks has increased $6 trillion and experts are wondering where the cash is coming from. TrimTabs, a market research firm that services 25% of the top 50 hedge funds in the world, compiled a report on cash inflow into stocks and could only | Read More »
Spanking Paul Krugman
How can a man who consistently proposes massive government spending as a cure all for our economic woes complain about extending tax cuts that according to “independent estimates” would add $3.7 trillion to the debt over the next 10 years. Those “independent estimates” claim the total to be $700 billion more than Obama’s proposals. ROTFLMAO. So let me get this straight Paulie: Obama’s tax proposals | Read More »
ABC News Poll: American Dream Fading
This whole Amercian Dream thing has thrown me for a bit of a loop. In fact, yesterday, with my mind a whirl with thoughts of a nation in decline, I suffered an ocular migraine which causes kaleidoscope vision, and is then followed by a brain ache.
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Bob Woodward Strikes Again
“We can absorb a terrorist attack. We’ll do everything we can to prevent it, but even a 9/11, even the biggest attack ever . . . we absorbed it and we are stronger.”
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Hey Limbaugh! Obama Succeeding but not for long.
When the phrase “I hope he fails” was first uttered by Rush Limbaugh after Obama’s inauguration, it raised the ire of political foes and opponents alike. When the US Census report on poverty was released Thursday the numbers revealed that Obama is actually succeeding at what Limbaugh hoped he wouldn’t: destroying the country. The US poverty rate reached 14.3% or 43.6 million people. The government | Read More »