Home Sales Drop to 50-Year Low
There are further signs that Barrack Obama’s jobless “recovery” is, in fact, no recovery at all. The latest indication of the fundamental unsoundness...
Economy
Senate Passes 15 Billion ‘Jobs’ Bill
As President Barack Obama’s jobless “recovery” is showing more and more signs of being no recovery at all, the Senate has voted another...
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Bailout Baloney – Banking
More than a year has elapsed since the U.S. economy went into a tailspin with the panic that shook the world’s financial markets...
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Federal Stimulus Almost Gone: Education Budget Woes
Sam Dillon of the New York Times reports that the depletion of federal stimulus money will result in schools approaching "a funding cliff."...
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Fed Trying to Protect Bailout Secrecy
Last summer, a federal judge ruled that the Federal Reserve must disclose the identities of firms that received any portions of the over-$2...
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Obama Ponders New Taxes on Banking
The Obama administration is considering asking Congress to impose higher taxes on banks as a way of cutting the deficit. Proposals that have...
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Stimulus Funding Failed to Create Jobs
The Associated Press has conducted an economic analysis to determine the effect of the first 10 months of federal stimulus spending to build...
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GMAC Will Get More Bailout Money
GMAC Financial Services, the former financial arm of General Motors, is set to receive yet more federal bailout funds as the year draws...
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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...
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Airlines Face Hefty Fine for Delays
Transportation Secretary Ray LaHood announced on December 21 that beginning this spring the federal government is going to impose hefty fines on airlines...
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Ford Offers to Buy Out U.S. Auto Workers
Ford Motor Company disclosed on December 21 that it is offering to buy out 41,000 United Auto Workers (UAW) union members with early...
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Fed to Keep Rates Low for “Extended Period”
The Federal Reserve decided on December 16 to keep interest rates at historic lows near zero percent. The Fed released a statement declaring...
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Jobless Claims Rise, Trade Gap Narrows
New claims for unemployment benefits rose more than analysts expected last week, while an unexpected narrowing in the trade gap in October provided...
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Buck Knives Bucks Trends
“The Buck knife saved my leg and maybe my life at least once when I carelessly caught a pant leg in the anchor...
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Ron Paul Calls for Competition in Money
Many years ago, John D. Rockefeller, Sr. famously stated, “Competition is a sin.” He preferred a monopoly, the very antithesis of economic freedom,...
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