Last week, FOX Business host Neil Cavuto came forward with a dire prediction : Thanks to the rising $13.375 trillion national debt, a downgrade of the United States’ triple-A credit rating is imminent. “For the first time in the history of the United States, our credit rating will get a nick,” Cavuto declared. “Let me be […]

There was a time in the not-too-distant past — 234 years ago to be precise — when the ideas articulated by the tea party movement would have rightly been considered “radical.” Not just radical in their ideological composition, either, but radical in the more “irrational” […]

The U.S. economy is caught in a web — of artificially low interest rates, easy money, fiscal “stimulus”, and expansive government control over whole sectors of the economy. And government has no intention of changing course. The ostensible purpose of turning the money spigot on […]

A definitive trend has emerged with Tuesday’s primary election results of Republican Party contests: 2010 is an anti-establishment year. Career politician Bill McCollum was defeated in the Florida gubernatorial contest by outsider Rick Scott, and incumbent Alaska Republican Senator Lisa Murkowski is losing to tea […]

The more things change, the more they stay the same. Take the case of Barney Frank, Chairman of House Financial Services Committee. In an interview with FOX Business’ Neil Cavuto , he called for Fannie Mae and Freddie Mac to be abolished. “The only question is what do you put in their place,” […]

On Tuesday, the Obama Administration will be hosting a conference of real estate, banking, and mortgage industry leaders to begin to determine what to do with the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. These, you will recall, are the $5.5 trillion mortgage […]

Webster’s dictionary defines lame duck as, “an elected official still in office but not slated to continue.” Most Americans define a lame duck Congress as the guys they just booted out and don’t want them doing any more damage. Obama’s White House defines lame duck […]

Nancy Pelosi is excitedly hustling back to D.C. with her congressional cohorts to pass a $26.1 billion state and teacher union bailout bill. With teacher unions alone garnering around $40 million in dues money from their $10 billion chunk of the bill, it is easy to understand how the big […]

NRD Editor’s Update: Check out this interview Bill Wilson on Lars Larson 08-03-10 This could the straw that broke the camel’s back. Yesterday the Senate passed a $26.1 billion bailout for bankrupt states like New York and California, which includes $10 billion for public teachers spending and $16.1 billion for state […]

In the Great Depression, the Smoot-Hawley Tariff Act was enacted in 1930 to make goods imported from overseas more expensive to American consumers than domestic goods. The thought was to incentivize the purchase of U.S.-made goods during a devastating economic downturn, boosting the bottom lines […]