By Adam Bitely – Contrary to Robert Samuelson’s claim that TARP has been a success story , it has been anything but. Writing in the Washington Post, Samuelson claims that “[w]hen the entire financial system succumbs to panic, only the government is powerful enough to prevent a complete collapse.” Clearly, Samuelson has never taken an […]

By Rick Manning – The myth of the Obama recovery took another hit when new single family home sales for the month of February dropped precipitously by 16.9 percent, reaching a seasonally adjusted 250,000 unit annual rate.  The lowest rate for the sale of single family homes […]

By Robert Romano – In 2010, unemployment benefits exploded to a record high of $157 billion, according to the White House Office of Management and Budget .  The increase, up from $32 billion in 2007 and $42 billion in 2008, largely comes from Congress actively increasing the length of time under which benefits can be received, from […]

By Robert Romano – “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” said Dallas Federal Reserve Bank President Richard Fisher after a recent speech at the University of Frankfurt . That is an alarming proclamation coming from a prominent central bank official. Not only because of the dire warning, but […]

The Federal Reserve has existed for almost 100 years and it has created depressions, recessions, inflation, and bubbles. This Center for Freedom & Prosperity Foundation video explains the origin of central banking and mentions possible alternatives that will be discussed in subsequent mini-documentaries.

By Robert Romano – House Republicans have unveiled a very strong presentation they are making to constituents while Congress is on recess this week .  It could indicate that a strong push is coming to rein in mandatory spending, meaning the $61 billion the House has proposed cutting from non-defense discretionary is only the beginning of the work to be done in bringing the nation’s fiscal House […]

By Kevin Mooney – Just keep voting until you get the desired results and we will change the rules along the way to help advance policy changes that could not pass through Congress. This is the message the National Mediation Board (NMB) has transmitted on […]

By Bill Wilson – Right now, the world is lost in a sea of black swans — any of which, if they unfurl their wings and fly, could potentially derail the global economic recovery and lead to massive government defaults on sovereign debt. Bloomberg News’ William Pesek […]

By Robert Romano – Once again, Congress has passed a short-term continuing resolution, this time with $6 billion of cuts over three weeks, which would bring the total of cuts passed this year to $10 billion. The reason for the stop-gap measure is because Harry Reid’s Senate […]

By Bill Wilson – On Mar. 12, the European Union (EU) reached an agreement to create a permanent €440 billion bailout fund to support troubled sovereigns like Portugal, Ireland, Greece, and Spain (PIGS). Despite a lot of talk of making the “senior bondholders” pay part of the […]