“In fairness, Larry Summers did a heck of a job…” Barack Obama started to say of the performance of his embattled top economic advisor , who will be leaving the Administration before year’s end, amid high unemployment and slow growth. Comedy Central host Jon Stewart appreciated the irony of Obama giving his adviser, the architect of the $816 billion […]

There is going to be world of difference between what Congress will be able to accomplish in 2011 depending on whether Republicans fail to take back a majority in the House of Representatives, get the bare minimum 39 seats pick-up they need, or have a […]

The Bretton Woods monetary system, which was established after World War II and solidified the U.S. dollar’s place as the world’s reserve currency, is collapsing before our eyes. That’s too bad, because that status may be one of the last assets the American people have […]

Any pretense that once existed that National Public Radio (NPR) is an objective news outlet open to alternative viewpoints and serving the public interest is gone. That is why in the wake of NPR’s canning news analyst Juan Williams simply for speaking his mind, Americans […]

Yet more evidence is emerging that Obamacare is a lie, a complete fraud perpetrated on the American people. Prior to congressional enactment of the legislation, Barack Obama promised in his State of the Union Address that it would “reduce costs and premiums for millions of […]

Here’s a “shocker”: U.S. companies that operate overseas are keeping profits there and investing rather than repatriating the profits — because of punitive taxation. According to Frank Aquila at Bloomberg News , there may be as much as $1 trillion of U.S. profits overseas that are simply not being repatriated. Why? Because […]

With sideways economic growth and persistently high unemployment, the Federal Reserve and other Keynesian economists have been obsessed with 1930’s-style “deflation.” Since the end of 2008, and in the wake of the financial crisis, the nation’s central bank has been engaged in so-called “quantitative easing” […]

When the housing bubble popped in 2007 and financial mayhem ensued over the next two years, revenues to the federal and state governments dried up. This has produced untenable budget situations as states struggle to keep spending at pre-financial crisis levels. “Stimulus” has been justified […]

When the October 8th unemployment report is released, it will likely show that it has now been 17 straight months with unemployment at or above 9.4 percent . That would make this the worst period of sustained high unemployment since the Great Depression. Many Americans rightly fear that a double-dip recession may be upon us. […]

Raw, brute force — that is the preferred campaign tactic of Obama and his allies in the Congress. On September 28th, 2010, Senator Max Baucus, Chairman of the Senate Finance Committee sent a letter to the Internal Revenue Service (IRS) urging the agency to investigate […]