Fannie Mae and Freddie Mac Now Have a Blank Check
Little noticed (so far) by the American public, a Christmas Eve announcement by the Obama administration to expand the amount of bailout monies...
Economy
Airlines Face Hefty Fine for Delays
Transportation Secretary Ray LaHood announced on December 21 that beginning this spring the federal...
Ford Offers to Buy Out U.S. Auto Workers
Ford Motor Company disclosed on December 21 that it is offering to buy out...
Fed to Keep Rates Low for “Extended Period”
The Federal Reserve decided on December 16 to keep interest rates at historic lows...
Jobless Claims Rise, Trade Gap Narrows
New claims for unemployment benefits rose more than analysts expected last week, while an...
Ron Paul Calls for Competition in Money
Many years ago, John D. Rockefeller, Sr. famously stated, “Competition is a sin.” He...
Bernanke Claims Economy Is Recovering
Federal Reserve Chairman Ben Bernanke told the Economic Club of Washington that the economy...
Rosenberg Sees China Causing Gold to Hit $2,600
Gold has recently topped the $1,200 per ounce mark, but analyst David Rosenberg sees...
Gold Hits New Record High, Skirts $1,200/oz.
The weakening dollar propelled gold prices in American markets almost to $1,200 an ounce...
GDP Numbers Revised Downward to 2.8 percent for Third Quarter
The U.S. economy grew slower in the third quarter of the year than initially...
Ron Paul’s Audit the Fed Bill Advances
On November 19, the House Financial Services Committee advanced a bill that calls for...
Millions of Taxpayers Will Repay Tax Break
Thanks to how the Internal Revenue Service implemented President Barack Obama’s tax break last...
Why Stimulus Funds Create Few Jobs
The Obama administration has recently reduced by 60,000 the number of jobs created or...
GM’s Bailout Money May Go Overseas
General Motors has received $50 billion in taxpayer assistance, yet even as the company...
There’s Gold in Them Thar Vaults!
The U.S. federal government possesses the largest stockpile of gold in the world, but...
Record Federal Deficit of $176 Billion in October
The federal deficit for October reached a record-setting level for that month: $176 billion....
Small Banks Turn Down TARP Funds
Many small banks are turning down federal money from the Troubled Asset Relief Program...
Unemployment Rate Shoots Past 10 Percent
The unemployment rate shot from 9.8 percent in September to 10.2 percent in October,...
Ford Made Nearly $1 Billion Last Quarter
The Ford Motor Company has posted a net income of nearly $1 billion in...