Seems There Will Be Tax Hikes for the Middle Class…
Can anyone claim to be surprised? It is amusing that tax-cheat Timothy Geithner would actually say taxes are probably going to be raised for Middle America, but it is what it is… AP President Barack Obama’s treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his [...]
As 467,000 Jobs Lost In June, Abject Failure of Stimulus Becomes Clearer…
When Barack Obama was pushing for his stimulus, anyone who understood basic economic theory knew that the premise for it was fundamentally flawed; you grow the economy by lowering taxes, not by printing more money and increasing government spending. Either way, despite the Stimulus, official unemployment numbers have hit a 26 year high of 9.5%, [...]
Dept. Of Treasury Documents Reveal Banks Were Forced To Take TARP Money…
A quick summary of events thus far: Banks were forced to take TARP Money Banks which took TARP money subjected themselves to far reaching govt control As a result, the nine major banks were effectively nationalized. Some argued that banks have only themselves to blame for taking TARP money as they knew the consequences. However, [...]
Obama’s ‘Bank Stress Test Is A Sham’- William Black, Former Federal Bank Regulator
Did anyone really think the ‘Stress Tests’ Obama and his lapdog Tim Geithner promised to conduct to determine the health of banks had anything to do with reality? Obamatons did, the rest of us already knew better. (video after article) There is no real purpose [of the stress test] other than to fool us. To [...]
U.S Economic Policy Now Resembles That of an Emerging Market Economy
And our national saga of being led by an inept Obama administration continues, our economy policy has become an international laughing stock, having taken on the characteristics of the economies of emerging nations. The parallels between U.S. policymaking and what we see in emerging markets are clearest in how we’ve mishandled the banking crisis. We [...]
