Wall Street Won’t Let Obama Default
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss White House admissions that Obamacare sign-up is having more than “glitches,” what a debt ceiling “default” would mean, and how Obama’s Treasury Department could still pay our debt even without a debt ceiling deal.
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Jack Lew benefited from newly doubleplusungood off-shore tax policies.
Now this is just getting embarrassing. Doesn’t anybody talk to anybody else in this administration? As recently as 2010, Jack Lew, President Obama‘s nominee to be the next secretary of the Treasury, had $56,000 invested in a CitiGroup venture capital fund based in the Cayman Islands’ notorious Ugland House, a building whose mailboxes are home to nearly 19,000 corporate entities, many of them tax shelters. | Read More »
How Long Before We Reach 6.5% Unemployment?
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the nomination of Jack Lew to be the next Treasury Secretary, dire projections about the length of time until we reach the magic 6.5% unemployment and what it will take to get us there.
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I do not say that Jack Lew’s signature disqualifies him for Treasury Secretary.
I am saying that it’s… well, look. (via AOL) Seriously? When New York Magazine says that something is a problem for a Democrat, then something is a problem for a Democrat. That’s maybe going to go on our dollar bills if we’re not careful… or if Jack Lew doesn’t learn how to write his name out legibly. I suggest some emergency Palmer penmanship therapy. (H/T: | Read More »
The Anne Boleyn Budget — 1000 Days In
Anne Boleyn was queen for 1000 days then her head rolled off her shoulders thanks to a Frenchman’s sword. We’re seeing the Anne Boleyn of budgets making its way to Capitol Hill now — after 1000 days the President is finally presenting his budget. But like the last one that got rejected 97-0 in the Senate, this one too, it seems, will get rejected by | Read More »
Mulvaney to Obama Budget Director: Not Credible
This is what we’re looking for from the freshmen class: Rep Mick Mulvaney of South Carolina’s fifth district points out what many are starting to realize: These numbers just aren’t realistic. Mulvaney alleges results oriented accounting and said that the President’s budget is “not a credible document.” Mulvaney says “two years ago he told us the deficit this year would only be $900 billion dollars in his | Read More »