Bailouts
Fireworks: Kudlow, Santelli Rail Against the Corruption of TARP and Gov’t in the Private Economy
If CNBC on-air talent has really had their hands tied by General Electric and NBC management on criticizing the current administration’s economic policy, you couldn’t tell it from watching Rick Santelli and Larry Kudlow.
On CNBC’s April 24 “The Call,” Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when […]
My Bipartisan Stimulus: Let’s cut taxes, as I want, and spend more, as Obama would like (By RUSH LIMBAUGH via WSJ)
There’s a serious debate in this country as to how best to end the recession. The average recession will last five to 11 months; the average recovery will last six years. Recessions will end on their own if they’re left alone. What can make the recession worse is the wrong kind of government intervention.
I believe […]
FLASHBACK: Chavez in Iran ‘06: The United States empire is on its way down and it will be finished in the near future, inshallah (Arabic: God willing)…
The United States will soon lose its place as leader of the world, and the United Nations is a broken organization that is beyond repair, Venezuelan President Hugo Chavez said Wednesday.
“The United States empire is on its way down and it will be finished in the near future, inshallah,” Chavez told reporters, ending the statement […]
Mean Street: Congratulations, American Taxpayer, You’re the Loser
[By Evan Newmark - WSJ ] Well, it may not be official, America, but within a month or two, it will be. You’re getting stuck with all the losers. You’re already the proud owner of AIG, Fannie Mae and Freddie Mac.
And even with today’s better-than-expected earnings out of Citi, it’s clear that you’ll be holding […]
Thousands of Anti-Tax ‘Tea Party’ Protesters Turn Out in U.S. Cities
Chants like “Give me liberty, not debt” and “Our kids can’t afford you” were heard across several U.S. cities Wednesday as anti-tax “tea party” protesters took to the streets to voice their opposition to big government spending.
Thousands of protesters — some dressed in colonial wigs with tea bags […]
Tea Party Protesters Gird for Possible Liberal Backlash from ACORN
What would a party be without party poopers?
As anti-tax protesters organize tea parties across the country on April 15, rumors are swirling that a backlash is brewing.
Some believe ACORN, which has been under scrutiny for accusations of voter fraud, is preparing to crash some of the tea parties. But […]
SOROS SEES END OF DOLLAR AS WORLD CURRENCY…
The U.S. economy is in for a “lasting slowdown” and could face a Japan-style period of relatively low growth coupled with high inflation, billionaire investor George Soros said on Monday.
Soros, speaking to Reuters Financial Television, also warned that rescuing U.S. banks could turn them into “zombies” that draw the lifeblood of the economy, prolonging the […]
Don’t be fooled by a small jump in the Dow. media ignoring important indicators and it’s bad
Watching the flow of financial news has become like watching a magic show at the circus. In the center ring we see an impressive daily slight of hand trick. It turns our attention from the truth to only what Obama wants us to see. Although this changes regularly it never focuses on hard data.
The schizophrenic […]
Former AIG CEO: “I Didn’t Destroy Firm, Government Did”
The man who built insurance giant American International Group Inc. from a startup to a global behemoth said he didn’t mismanage the company — but the government did.
Following weeks of public and congressional outrage over largest corporate failure in U.S. history, Maurice “Hank” Greenberg, AIG’s chief executive until March 2005, said taxpayers got a raw […]
Economy lost 742,000 jobs in March: America, this is what you voted for.
In a sign the recession is spreading unemployment woes, private sector employers cut 742,000 jobs from payrolls in March, according to ADP’s national employment report released Wednesday.
The decline was nearly 80,000 more than the average analyst forecast of 663,000 job losses and the largest monthly payroll decline since ADP began tracking it in January 2001.
ADP […]
Obama Demands General Motors CEO to Resign:(GM CEO Wagoner to step down at White House request)
The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.
On Monday, President Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler.
Wagoner’s resignation was one of the remarkable […]
San Antonio Tea Party
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Did Jay Leno just call Obama a communist? - Jay Leno Jokes: “Stimulus” Is Our Way of Saying “Communism” (video)
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The change you’ve all been waiting for:UN panel touts new global currency reserve system
A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies. “A new Global Reserve System — what may be viewed as a greatly expanded SDR (Special Drawing Rights), with regular or cyclically […]
Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’ and Government Will Nationalize Banks
March 26 (Bloomberg) — U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end of 2009, said Nouriel Roubini, the New York University professor who predicted last year’s economic crisis.
“The stock market is a bit ahead of the real macroeconomic and financial […]
Remember when George Soros Backs Obama? - Now Soros says he make billions off recession (while Americans are suffering)
I’m having a very good crisis,’ says Soros as hedge fund managers make billions off recessionBy Mail Foreign Service 25th March 2009
George Soros said the current economic crisis has been the culmination of his life’s work
A hedge fund manager who predicted the global credit crunch has said the financial crisis has been ’stimulating’ and the […]
Welcom to Obama Change:IBM to Lay Off 5, 000 U.S.-Based Workers
IBM Corp. plans to lay off about 5,000 U.S. employees in a new round of job cuts, The Associated Press has learned.An IBM manager knowledgeable about the plans says the cuts will come from the services division and workers will be informed Thursday. The person spoke on condition of anonymity because he was not authorized […]
The change you’ve been waiting for: Obama Administration Seeks Expanded Power to Seize Firms
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
The government at present has the authority to seize only banks.
Giving the Treasury […]
Generational Theft: Obama and Geithner gambling with their country’s financial reputations(2 gambling addicts)
Having seen the worst elements of casino capitalism ruin Wall Street and generate billions in losses, the pair have stepped back to the roulette table and plan to place up to $1 trillion (£690bn) on black to try to win back the banks’ losses and restore America’s financial credibility. All they can do is hope […]
Poll:68% Say Bailout Money Is Going To Those Who Caused The Economic Crisis
With public outrage building over bonuses paid to executives of the bailed-out American International Group (AIG), 68% of Americans now believe most of the taxpayer money given out as bailouts is going to the very people who created the country’s current economic crisis.
Seventy percent (70%) of investors hold that view along with 67% of […]