About: Thomas R. Eddlem
Posts by Thomas R. Eddlem
Obama Sells $1 Trillion Health Care Spending Increase as Deficit Control
President Obama has decided to sell a government-directed healthcare system as a deficit control measure. “If we do not control these costs” of healthcare, Obama told reporters in a...
Bernanke Redefines Inflation for House Financial Services Committee
The House Financial Services Committee witnessed a classic confrontation July 21 where the redefinition of a word was finalized. The confrontation happened between free market Congressman Ron Paul (R-Texas)...
House Committee Chairmen Rebuke Obama
Four Democratic committee and subcommittee chairmen signed a July 21 letter rebuking President Barack Obama for asserting in a “signing statement” that he could ignore the law as passed...
Media Raising Concerns Over Goldman Sachs’ Gov’t Influence
Even the mass media is starting to take notice of the longtime cozy relationship that both the U.S. Treasury Department and the Federal Reserve Bank have with Goldman Sachs,...
Obama Repeats Lie That He Hasn’t Pushed Tax Increases on Poor
President Obama reiterated his false claim that he has not raised the taxes of Americans. ...
U.S. Bailouts Could Cost $23.7 Trillion, Inspector General Says
Special Inspector General of the Troubled Asset Relief Program (TARP) Neil Barofsky told House members on July 21 that the TARP program and other government bailout programs have mushroomed...
Bernanke Promises “Exit Strategy” From Inflation
Federal Reserve Chairman Ben Bernanke is on a public relations offensive to persuade Americans that he has the economy well in hand, and that he has an “exit plan”...
CIT Patches Together Private Bailout After TARP Bailout
Capital lending firm-turned-bank holding company CIT has patched together another $3 billion private loan to avoid bankruptcy and try to complete the transition to bank holding company. ...
Obama Deals, Feels Pressure on Stimulus
President Obama is really starting to feel the heat on the bogus economic projections he used to sell the “stimulus” package and budget to Americans, and he’s also used...
Economic Predictions: Ben Bernanke v. Peter Schiff
Our politicians in Washington (especially the Obama administration) are following the economic policies of Federal Reserve Chairman Ben Bernanke, who made these economic predictions over the past four years...
David Gregory Puts Obama’s HHS Secretary Through the Ringer
NBC’s Meet the Press Host David Gregory must have been channeling the ghost of the late, great Tim Russert Sunday with his interview of Secretary of Health and Human...
Mass. Pushes Rationing to Control Universal Healthcare Costs
A 10-member Massachusetts state healthcare advisory board unanimously recommended that the state begin rationing healthcare to keep the state’s marquee universal health care program afloat financially. ...
Obama Weighing Homeowner Bailout Proposal
“U.S. officials are weighing a plan to let borrowers who have fallen behind on mortgage payments avoid eviction by renting their home instead,” Reuters Wire Service reported July 14....
CBO to Congress: Spending & Debt “Unsustainable”
Congressional Budget Office Director Douglas W. Elmendorf gave a fiscal wake-up call to Senate Budget Committee members in testimony on July 16, noting that “the federal budget is on...
John Yoo: President Can Ignore Law
Bush-era Justice Department Attorney John Yoo is mad that various inspectors general have concluded that his legal memoranda on Bush-era warrantless eavesdropping have “serious factual and legal flaws.” ...