Posts tagged ‘economy’

August 24, 2012

Romney would replace Bernanke


Mitt Romney speaks during a campaign event at Watson Truck and Supply in Hobbs, New Mexico. Source: AFP

REPUBLICAN presidential candidate Mitt Romney said he would replace Federal Reserve chairman Ben Bernanke if he wins election to the White House in November.

Romney told Fox Business television that he wanted someone to lead the US central bank who is more in tune with his own economic thinking.

“I would like to select… a new person to that chairman’s position, someone who shared my economic views, someone that I thought was sympathetic to the needs of our nation,” Romney told the broadcaster in an interview.

“And I want to make sure that the Federal Reserve focuses on maintaining the monetary stability that leads to a strong dollar, and confidence that America is not going to go down the road that other nations have gone down to their peril.”  More…

August 11, 2012

Ryan vs Wasserman on the Budget

July 25, 2012

What a bunch of . . .

A nice little video exposing Barack Obama and Massachusetts Senate Candidate Elizabeth Warren for the socialists they are.

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July 25, 2012

House passes Rep. Paul’s ‘audit the Fed’ bill

Rep. Ron Paul (R-Texas) won a rare legislative victory on Wednesday when the House passed his legislation allowing for a full audit of the Federal Reserve, including and audit of the Fed’s monetary policy decisions.

The House approved Paul’s Federal Reserve Transparency Act, H.R. 459, in a bipartisan 327-98 vote. The vote split Democrats almost evenly — 89 for and 97 against — while only one Republican voted against it.

The bill won an easy majority, given its 270 cosponsors, and easily cleared the two-thirds majority needed for passage, which was required because it was considered under a suspension of the rules.

Read the story here.

July 18, 2012

A Basic Economic Lesson For Mr. Obama

Obama Putts Through Economic Graph SC A Basic Economic Lesson For Mr. Obama

I heard the President say in a speech today something that every freshman in a college economics class learns. The Federal government does NOT make money to pay anything! It is the taxpayers’ money collected by the government that is supposed to be used to pay what we owe as a nation. Obama implied today that small business owes its success to the GOVERNMENT! According to Obama, if the federal government had not put money into roads and bridges that small business would have no way to get their goods to customers?  Is he kidding?  More…

July 7, 2012

Peter Schiff Owns Everyone On C-SPAN

From:  WesternJournalism.Com

July 2, 2012

Big Banks Have Become Mafia-Style Criminal Enterprises

Two stories this week prove once again that the big banks are literally criminal enterprises.

Initially, all of the big banks have engaged in Mafia-style “bid-rigging” of municipal bonds, to bilk money from every city in the nation … to the collective tune of tens billions of dollars.

And Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, UBS, Royal Bank of Scotland – manipulated the world’s primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to. 

And see this. That means they manipulated a good chunk of the world economy.

Other recent stories also show criminal fraud as well. For example, the big banks have been cheating homeownersespecially veterans.

And as Max Keiser explains, banking giants Mellon and State Street shaved money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide:  More…

June 27, 2012

Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand

How is money created?  If you ask average people on the street this question, most of them have absolutely no idea.  This is rather odd, because we all use money constantly.

You would think that it would only be natural for all of us to know where it comes from.  So where does money come from?  A lot of people assume that the federal government creates our money, but that is not the case.  If the federal government could just print and spend more money whenever it wanted to, our national debt would be zero.  But instead, our national debt is now nearly 16 trillion dollars.   More…

May 28, 2012

The 30 Worst Unemployment Months Are All Under Obama’s Rule

May 26, 2012 By
This is an accomplishment that Obama can be proud of, the 30 worst months of unemployment in the last 25 years. Stuart Varney sets the employment record straight.
May 25, 2012

Gas Price Hypocrisy

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May 25, 2012

General Motors is becoming China Motors (video)

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May 24, 2012

Law of the Sea, UN Collects Tax from US (video)

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May 23, 2012

Keeping Business Honest

Posted by John Stossel | May 22, 2012

Businesses are greedy. They want our money.

So what do the politicians and bureaucrats do? They set “standards.” I wish they’d stop.

Instinctively, we look for people’s motives. We need to know whom we can trust and whom we can’t. We’re especially skeptical of business because we know business wants our money.

It took me too long to understand that business’s desire for profit is a good thing. To get our money, businesses — if they can’t look to the government for favors — need to give us what we want. Then they must make continuous improvements and do it better than the competition does.

That competition is enough to protect consumers. But that’s not intuitive. It’s intuitive to assume that competition isn’t really consumer protection and that experts at the FDA, FTC, DEA, FCC, CPSC, OSHA and so on must protect us. These experts consult “responsible” businessmen for advice on creating rules to make sure businesses meets minimum “standards.”

Unfortunately, this standardization stops innovation.  More…

May 23, 2012

Problem Solved (video)

May 8, 2012

Parents: Rule’s half-baked

State’s junk food ban could take bite out of school fundraisers

By Laurel J. Sweet and Chris Cassidy
Monday, May 7, 2012 –  

Bake sales, the calorie-laden standby cash-strapped classrooms, PTAs and booster clubs rely on, will be outlawed from public schools as of Aug. 1 as part of new no-nonsense nutrition standards, forcing fundraisers back to the blackboard to cook up alternative ways to raise money for kids.  More…

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May 3, 2012

Video: Social Security Vs. Private Retirement

May 2, 2012 By
Is Social Security a good retirement plan? Economics professor Antony Davies shows that Americans stand to earn significantly less and assume more risk with Social Security than other investment options.
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May 2, 2012

America’s Two-Faced Liberals

By Walter E. Williams (Archive) · Wednesday, May 2, 2012

President Barack Obama and Wall Street occupiers, along with their allies in the mainstream media and on college campuses, have maintained an ongoing attack on high-income earners, people they call 1 percenters. Listening to their deceitful demagoguery, you would naturally think of them as 99 percenters, but you’d be dead-wrong.

Last week, MSN Money posted a report titled “The richest counties in America.” According to the report, residents of those 15 wealthiest counties “have median household incomes that are double the national average.” Three of those counties have a median income of more than $100,000. The report goes on to say, “While many Americans struggle to find jobs, balance their budgets and get by with less, some folks are living high on the hog.” Let’s look at some of those counties.  More…

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May 2, 2012

95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

Who is the biggest loser in the ongoing decline of the U.S. economy?  Is it the wealthy?  No, the stock market has been soaring lately and their incomes are actually going up.  Is it the poor?  Well, the poor are definitely hurting very badly, but when you don’t have much to begin with you don’t have much to lose.  More… 

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May 1, 2012

Ron Paul, Paul Krugman face off in economic debate (video)

By Justin Sink – 05/01/12 05:40 AM ET

Republican presidential candidate Ron Paul and New York Times columnist Paul Krugman faced off for a televised debated on fiscal policy Monday afternoon in a battle likely to appeal to policy wonks on both sides of the political spectrum. 

The two staked out positions that predictably offered sharp contrasts, with Paul emphasizing his belief in “very small government” during the appearance on Bloomberg TV.  More…

April 24, 2012


April 11, 2012

European stock markets rocked by panic selling as debt crisis reignites

Investors demanding high premiums for holding Italian and Spanish bonds as fears of double-dip recession grow

, and in Madrid/The Guardian, Tuesday 10 April 2012

Eurozone crisis

Stock market panic selling led to shares falling across the world with the FTSE100 down 128 points. Photograph: Frank Baron for the Guardian

Europe‘s sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy.

The mood of uneasy calm seen across Europe since the Greek bailout in February was shattered as financial markets took fright at evidence of a double-dip recession and growing popular opposition to welfare cuts and tax increases.  More…

April 5, 2012

Krauthammer: Obama’s debt increase “radical, unprecedented”

March 29, 2012

Fed Boss Bernanke Promises Record High Gas Prices Through Summer

Kurt Nimmo/Prison 28, 2012Federal Reserve boss Ben Bernanke told ABC’s Diane Swayer on Tuesday that gas prices will continue to skyrocket through the summer.

Bernanke told Sawyer gas prices “are a major problem” and he admitted they are “a hardship for lots of people.”

Fed Boss Bernanke Promises Record High Gas Prices Through Summer 0326 gas prices still climbing full 600

During the interview, he tried to pawn off the fallacy that gas prices are responsible for inflation, which he said will escalate over the next few months.  More…

March 29, 2012

Electricity Rates Rise Thanks to Obama’s election promise to bankrupt any new coal-fired electrical production

EPA to kill new coal-fired plants through first-ever greenhouse-gas regulations

posted at 8:40 am on March 27, 2012 by Ed Morrissey

If you thought gas prices will never stop rising, just wait until you see what happens to electricity after the Barack Obama’s EPA gets its way.  The agency will deliver on Obama’s election promise to bankrupt any new coal-fired electrical production in its first-ever regulations on greenhouse-gas emissions, the Washington Post reports.  The new regulatory regime will all but guarantee that new coal-fired plants won’t be built to replace others shutting down:
March 29, 2012

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End

Posted by on March 28, 2012  


The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen.  For decades, the use of the U.S. dollar has been absolutely dominant in international trade.  This has had tremendous benefits for the U.S. financial system and for U.S. consumers, and it has given the U.S. government tremendous power and influence around the globe.  Today, more than 60 percent of all foreign currency reserves in the world are in U.S. dollars.  But there are big changes on the horizon.  More…

March 25, 2012

Rep Burton all but accused President Obama of lying

GOP lawmaker says Obama not telling the truth on energy production
By Pete Kasperowicz
Rep. Dan Burton (R-Ind.) on Thursday afternoon all but accused President Obama of lying to Americans about his record on energy production, and called on Obama to “tell the truth” when he speaks about his own energy policies.  More…

March 24, 2012

Gas Price Hypocrisy

March 24, 2012

Zuhdi Jasser joins Hannity to discuss Obama Admin funding MB- March 22, 2012- FNC

Uploaded by on Mar 23, 2012
Dr. Jasser and Hannity are outraged over Obama Administration bypassing congress on 1.5 billion dollar outlay to Egypt’s new Muslim Brotherhood government
March 22, 2012

Glenn Beck and Kevin Freeman: The 2008 crash is economic terrorism against USA

On GBTV Glenn Beck is talking with Kevin Freeman about the 2008 crash that is economic terrorism against USA.

Who’s really to blame for America’s catastrophic financial meltdown and devastating national recession? Contrary to what the “Occupy Movement” might tell you, it’s not greedy Wall Street executives. No, as one of America’s top financial professionals reveals in this shocking new book, the real culprit is economic warfare, with our foreign enemies exploiting our lurking financial weaknesses.

March 21, 2012

The Path to Prosperity Budget: Your Country. Your Future. Your Choice.

March 19, 2012

Firm Sells Solar Panels – To Itself, Taxpayers Pay

March 19, 2012 By 2 Comments
Barack Obama 9 SC 300x200 Firm sells solar panels   to itself, taxpayers pay

A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself.

First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama’s insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare.

Here’s the road of subsidies these solar panels followed from Perrysburg, Ohio, to St. Clair, Ontario.   More…

March 16, 2012

Cost of Obamacare – Lies Revealed – 3/14/2012

March 15, 2012

End collective bargaining for government unions

The average government worker now receives hourly pay and benefits that are 44 percent higher than the average private sector worker’s. Those high costs are bankrupting state and local governments—and taxpayers—across the nation.But it doesn’t have to be this way. A package of bills being considered by the Arizona legislature would reform this unfair spoils system, protecting workplace freedom, the state’s economy, and all Arizona taxpayers.Nick Dranias of the Goldwater Institute highlighted the stark choice before the Senate Government Reform Committee on Feb. 1, 2012. Learn more at

© 2012 YouTube, LLC
March 15, 2012

Why it is important to have conservative Senators to vote

Highway bill amendment defeated that would have sent billions to Soros, Pickens, Douglas companies

by S. E. Robinson and Audrey Hudson/03/13/2012

The Senate Tuesday killed legislation to spend billions of taxpayer dollars to encourage companies to use natural-gas powered vehicles. The legislation also would have benefited wealthy backers of the Democratic measure, including George Soros, T. Boone Pickens, and Kevin G. Douglas.

The amendment to the highway bill required 60 votes to pass but was defeated 51 yeas to 47 nays.  More…

March 14, 2012

Over-regulation dragging down capital markets, small business

By Rep. Ed Royce (R-Calif.) – 03/13/12 02:16 PM ET

If the name of the bill didn’t give it away, the Jumpstart Our Business Startups (JOBS) Act is meant to spur job creation. Instead of taking President Obama’s approach of borrow and spend, this bill takes a look at how start-up companies in the U.S. are regulated. This new look at job creation is long overdue.  More…

March 8, 2012

$50 million in subsidies for wind farms

Video: Taxpayers subsidize wind-farm generation … and non-generation

posted at 8:40 am on March 8, 2012 by Ed Morrissey

Taxpayers have put out billions in subsidies over the last three years for Barack Obama’s green-energy stimulus program, which has produced such success stories as Solyndra, Beacon Power, and Ener1.  But what happens when taxpayers subsidize efforts that actually produce electricity?  As people in the Pacific Northwest have discovered, they end up subsidizing green-power generation — and non-generation

More . . .

March 7, 2012

Big Labor — Obama’s Shock Troops

On March 7, 2012, By NRTW Committee Staff

Nolan Finley of the Detroit News argues that “Now we know how United Auto Workers President Bob King will repay Barack Obama for holding the union harmless from the Detroit automakers’ bankruptcy: He’ll provide the ground troops for the president’s class war.”  SEIU , Van Jones, and are also involved in this program.  More…

March 6, 2012

Senate GOP and conservative groups clash on healthcare reform repeal votes

By Alexander Bolton – 03/06/12 05:00 AM ET
Senate Republicans are clashing with conservative groups over whether to hold votes this year to repeal all of President Obama’s healthcare reform law.

One group, the Restore America’s Voice Foundation, plans to spend $50,000 to $100,000 per week on television ads pressing Senate Republicans to force a vote on repeal.  More…

March 6, 2012

Geithner Is A Criminal! So How Is It He COULD Face Criminal Charges?

March 5, 2012

John Stossel: Cash for Clunkers