Thomas R. Eddlem
Massachusetts contenders for the U.S. Senate, incumbent Republican Scott Brown and Harvard Professor Elizabeth Warren, debated October 1 and gave a stark reminder of what is wrong with both political parties.
Federal Reserve Chairman Ben Bernanke said in an October 1 speech that his U.S. central bank would copy Japanese economic policy to get the U.S. economy moving, despite the fact that the Japanese economy hasn't seen significant economic growth since the 1980s.
The U.S. economy grew slower than previously reported during the second quarter of the year, according to the U.S. Bureau of Economic Analysis (BEA). The economy grew at just an annualized rate of 1.3 percent rate, down from the 1.7 percent growth previously reported.
The anti-tax foundation Americans for Tax Reform has labeled the end of the Bush-era tax cuts that are scheduled to expire at the end of this year — in conjunction with the start of new taxes, such as those brought on by ObamaCare mandates — "Taxmageddon," but would the tax increases built into the law by Congress actually be a catastrophe for the economy, keeping in mind that automatic spending cuts are set to begin as well?
The U.S. Customs and Immigration Enforcement Agency (ICE) has a federal contract out to bid for 200 million rounds of automatic weapons ammunition for its agents, a figure that represents about 10,000 rounds for each of its 20,000 employees.
Longtime Ron Paul for President campaign aide Jesse Benton announced September 13 that he would take a job working on the reelection campaign of Senate Majority Leader Mitch McConnell. Benton's choice of McConnell drew criticism from many libertarian-leaning activists who had supported the Ron Paul campaign, as McConnell had been the major force behind trying (unsuccessfully) to stop Ron Paul's son Rand from being elected to the U.S. Senate from Kentucky in 2010.
The Founding Fathers’ words are being used to vilify corporate political campaign messages, but the historical record condemns the condemners and shows that the Founders supported free political speech.
Free-market financial analyst, author and radio talk-show host Peter Schiff made some waves online with his baiting of delegates at this week's Democratic National Convention. Schiff, microphone in hand, trotted down to the DNC confab in Charlotte, North Carolina, and asked delegates to agree to a platform change to ban all corporate profits. About half of those filmed on his YouTube video, which already has more than half a million views in just a few days, did agree.
Federal Reserve Chairman Ben Bernanke signaled that the Fed would return to another round of “quantitative easing” (QE) in his August 31 annual address from Jackson Hole, Wyoming, a speech that also claimed economic success for the Fed's past two QE purchases of federal debt securities.