In his struggles to find something positive about his time as President (that doesn’t have to do with Osama bin Laden), and to justify the massive bailout of the auto companies that happened under his watch, President Obama has begun touting GM’s supposed turnaround as a success for his administration. However, there’s more to the story than what he wants to tell us. At least | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech talk about the latest news about Spain’s bank bailout, how it’s likely to impact the United States, and whether the European Union has a future. We’re brought to you as always by Stephen Clouse and Associates. If you’d like to email us, you can do so | Read More »
When you’ve been on the edge of having a convulsion for months, you could be excused for clutching at anything to convince yourself at least temporarily that you’ve turned the corner. Today, this is looking like a fair characterization of last week’s big relief rally at the euro “rescue” plan that was “agreed” in Brussels. Markets are trading significantly lower this morning, and much is | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the stock market’s booming October, China’s rescue of the failing Eurozone and the failure economic models. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so | Read More »
I would have let you collapse, GM. So there’s no need to thank me for your government seizure. My no doubt naive belief in basic capitalism precludes me from fully appreciating said thanks; or, indeed, appreciating them at all. How much of MY tax money went into making this self-congratulatory paean to Italian-style fascism, by the way? Whatever it was, it was too much. Moe | Read More »
Cross-Posted: TobyToons, 73wire
Transparency is a tough promise for President Obama to keep. Politico reports today: Four times in the last week, President Barack Obama has quietly slipped into private, exclusive Democratic Party fundraisers around town, glad-handing well-heeled donors away from the eyes of the press – and contradicting his pledge to run the most transparent administration in history. The Senate will debate the nomination of anti gun activist Elena Kagan to | Read More »
Today’s hot rumor comes from James Pethokoukis: essentially, the White House (which is becoming increasingly frantic about the way that their Super Magical Unicorn Genius economic plans aren’t working) is scheming to partially bail out people with underwater mortgages. I know, I know: the government was not supposed to acquire Fannie/Freddie just to completely rewrite their balance sheets, but the existing scheme to let the | Read More »
Although no votes are scheduled in the House and Senate today, there was breaking news early this morning in the negotiations in the Financial Services conference. CNN Money reports: After a grueling 20-hour session, lawmakers early Friday finished melding the House and Senate Wall Street reform bills, bringing Congress closer to passing the most sweeping changes to the financial system since the New Deal. They | Read More »
This month, our country reached a staggering milestone – the national debt topped $13 trillion. To put that in perspective, if you were to spend $1 per second, it would take you about 412,000 years to rack up $13 trillion in debt. While the median income per person in 2004 was $23,535, each American taxpayer’s share of the national debt is $118,500. Even more troubling, | Read More »
I am proud to join my Republican colleagues to announce the creation of America Speaking Out. America Speaking Out is a project to create a new set of policies to generate real solutions for the problems our country is current facing – and it gives every American the opportunity to take part in the discussion of exactly how to do that. The Democratic leadership in | Read More »
Solicitor General Elena Kagan will be making some house calls for one-on-one courtesy meetings with Senators. I can’t tell you how many times over the past two days I hear conservatives say “yeah, Kagan is bad, but if she is defeated or withdrawn, we will get somebody worse.” As many teams are finding out right now in the NBA and NHL playoffs, never look past | Read More »
Last year, the Senate voted to give $108 billion of your tax dollars to the International Monetary Fund (IMF). The IMF is now pledging to “loan” $39 billion as part of a $145 billion bailout package to Greece. This is all happening as the Senate debates and amends the S.3217 the “Restoring American Financial Stability Act of 2010,” in an effort to protect the economy from a repeat of | Read More »
The Senate continues debate on S.3217 the “Restoring American Financial Stability Act of 2010″ (The ObamaBailout bill) and votes on amendments will be fast and furious today. The House is voting on “Cash for Caulkers” later this afternoon. The House will complete some committee work on a campaign finance bill and Attorney General Eric Holder will be testifying to a Senate Appropriations Committee asking for money. Conservatives should watch the | Read More »
Yesterday was yet another day in the Senate of gridlock on the ObamaBailout bill and today will probably be more of the same. A Senate committee will be holding hearings today on ways to chip away at the 2nd Amendment. Senator Joe Lieberman (ID-CT) made a splash yesterday when he circulated legislation to expand the conditions for the government to strip U.S. Citizens of Citizenship. The | Read More »
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