Archive for February, 2009
LIMBAUGH: [T]he people on our side are really making a mistake if they go after Bobby Jindal on the basis of style. Because if you think — people on our side I’m talking to you — those of you who think Jindal was horrible, you think — in fact, I don’t ever want to hear […]
The Anglican Church of Canada (ACoC) has published a Lenten reflection that portrays Jesus as a racist who saw the error of his ways after being challenged by the Canaanite woman in Matthew’s Gospel. The ACoC was long ago taken over by politically correct bores but, as Anglican Samizdat notes, this “reflection” turns Jesus into […]
[via CNN] Another prominent Republican told the Conservative Political Action Conference on Friday that the president’s spending plans are pushing the country to the brink of socialism.Sen. Jim DeMint of South Carolina, the only member of the senate to earn a perfect rating from the American Conservative Union, called President Obama “the world’s best salesman […]
[Via Reuters] Canadian fighters scrambled to intercept an approaching Russian bomber less than 24 hours before U.S. President Barack Obama’s visit to Ottawa last week, Canadian Defense Minister Peter MacKay said on Friday.The Bear bomber did not enter Canada’s air space but the Canadian fighters had to tell the plane to turn back, MacKay told […]
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Premarket: Citi plunged 37% after reaching a deal with the U.S. government for Uncle Sam to convert up to $25 billion
The stock price drop for drug stocks “reminds me of the knee-jerk reaction seen in the early days of the Clinton administration when they started talking about universal healthcare and coming down hard on branded drug margins,” said Edmund Shing, a strategist at BNP Paribas.
Citi meanwhile plunged 37% after reaching a deal with the U.S. […]
The National Surface Transportation Infrastructure Financing Commission: “Raise gas tax, charge drivers by the mile”
According to AP, a special commission created by Congress, called “The National Surface Transportation Infrastructure Financing Commission” is endorsing two ideas suggested Transportation Secretary Ray LaHood to raise federal gasoline tax and charge drivers by the mile to pay for road projects.
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BY KEVIN KINGSBURY AND MAYA JACKSON RANDALL - Struggling banking giant Citigroup Inc., moving aggressively to shore up its equity base, announced a stock swap Friday that if successful will leave the government owning more than a third of the company and wipe out nearly three-quarters of existing shareholders’ stake.
The move is an acknowledgment that […]
The U.S. recession deepened a lot more in late 2008 than first reported, according to government data showing a big revision down because businesses cut supplies to adjust for shriveling demand.Gross domestic product decreased at a seasonally adjusted 6.2% annual rate October through December, the Commerce Department said Friday in a new, revised estimate of […]
Are we headed to something like the Great Depression?
There is clearly much to be worried about. Most of America’s private retirement 401(k) accounts have significantly decreased in value since last autumn’s crash. Home equity has plunged. The unemployment rate is above 7% and climbing.
We had negative GDP growth last quarter. Stock prices are the lowest […]
According to AP, all but 35,000 to 50,000 US will leave iraq by August 2010.
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[Via ABC News Blog] The Obama administration will seek to reinstate the assault weapons ban that expired in 2004 during the Bush administration, Attorney General Eric Holder said today.
Wednesday Attorney General Eric Holder said that the Obama administration will seek to reinstitute the assault weapons ban which expired in 2004 during the Bush administration.
(AP Photos/ABC […]
[Via Google AP hosted news] The Democratic-controlled House pushed through a $410 billion measure Wednesday that boosted domestic programs, bristled with earmarks and chipped away at policies left behind by the Bush administration. The vote was 245-178, largely along party lines. Among the earmarks was one sponsored by Rep. Howard Berman, D-Calif., who secured $200,000 […]
President Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, administration officials said on Wednesday. That plan, coming after recent years in which more wealth became concentrated at the top of the income scale, introduces a politically volatile new edge […]
Barack Obama is a gifted orator, but barely a month into his Administration there are worrying doubts about whether his governing style is as eloquent
Nobody who heard him addressing a joint session of the House and Senate on Tuesday could doubt that Barack Obama can speak. But increasingly the question being asked of the new […]
President Barack Obama wants a significant “down payment” for overhauling the health care system: $634 billion over 10 years. A senior administration official says Obama’s budget calls for financing the overhaul by trimming Medicare spending and limiting tax deductions for upper-income earners. The official spoke on condition of anonymity because the budget won’t be released […]
“Tax expenditures” for individuals totaled about $760.5 billion in 2007, topping what the federal government spent on either national defense or all non-defense discretionary programs, a new analysis by the Urban Institute-Brookings Institution Tax Policy Center (TPC) shows.
In most cases, these tax expenditures are also regressive — that is, they benefit high-income taxpayers the most. […]
Why are Democrats are not held to Moral accountability? - Biden’s Son, Brother Marketed Hedge Fund Through Stanford Company
Vice President Joe Biden’s brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas billionaire R. Allen Stanford, according to a report published in the Wall Street Journal.
Vice President Joe Biden’s brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas […]
[Hat to Gateway Pundict] Barack Obama’s cousin Kenyan Prime Minister Raila Odinga met with Iranian President Mahmoud Ahmadinejad in Kenya today.
In this photo released by the Kenyan Prime Minister’s Press Service, Kenyan Prime Minister Raila Odinga, left, is seen with Iranian President Mahmoud Ahmadinejad, right, during their meeting at the Laico Regency hotel, Nairobi, Kenya, […]