An investigation by the Government Accountability Institute found that more than half of the most politically active 50 campaign bundlers for President Obama were either appointed to a presidential council, committee, board, or other White House post. Many bundlers’ businesses or relatives’ businesses also
Iranian oil minister Rostam Qasemi said that crude oil should be $150 a barrel on Sunday. “During the winter, oil prices always climb,”Qasemi said. “So it’s natural that this year as well we will have a risein oil prices in
A simple three-page report by the Government Accountability Institute tallying up the number of days President Barack Obama has attended his Presidential Daily Brief (PDB) on intelligence has ignited a firestorm of controversy that places the attacks on the U.S.
The turmoil in the Middle East, the Federal Reserve’s decision tofurther devalue the U.S. dollar through a third round of “quantitativeeasing” (QE3), and rising oil prices are combining to create a toxiceconomic brew that could send the global economy into
According to the White House calendar, there is no public record of President Barack Obama attending his daily intelligence briefing–known as the Presidential Daily Brief (PDB)–in the week leading up to the attacks on the U.S. embassy in Cairo and
With a nation still at war and facing the worst economic crisis since the Great Depression, one would think President Barack Obama would be “focused like a laser” on America’s national security and economic rebuilding. But as two investigations by the
White House Press Secretary Jay Carney calls a new Government Accountability Institute (GAI) report finding that President Obama has missed over half of his daily intelligence briefings “hilarious.” “It’s revealing that Mr. Carney did not dispute the Government Accountability Institute’s
To hear the mainstream media tell it, former President Bill Clinton’s speech last week at the Democratic Convention was a rousing, clarion call for President Barack Obama’s reelection. But GOP insiders like former Speaker of the House Newt Gingrich and
Beneath the surface of Friday’s jobs report lies the reality of just how disastrous the Obama economy truly is. Consider the following 11 economic facts: 1. When you include the underutilized labor figure with the eight million Americans who have
The federal government has withdrawn nearly three times as much money from the U.S. Treasury as it will spend in 2012. According to the nonpartisan Congressional Budget Office, the government will spend $3.56 trillion this fiscal year, despite the fact
In 2011, President Barack Obama set a goal of putting one million electric cars on American roads by 2015. Currently, there are just 30,000 electric cars on U.S. roads. The abysmal numbers are even more surprising considering thegovernment’s efforts to
At least five themes coming out of the Democratic National Convention need refuting by conservatives and Republicans. 1. Sure, the economy is a disaster, but President Obama really, really cares about, like, you know, people and stuff. Conservative Comeback: If
The son of Senate Majority Leader Harry Reid (D-NV), Rory Reid, is the primary representative for ENN Energy Group, a Chinese energy company seeking to build a $5 billion solar panel plant on a 9,000-acre Clark County desert plot in
The Obama economy has been brutal on all Americans, but especially so on black Americans. Consider the following seven economic facts: 27 percent of black Americans now live in poverty, a two percent increase since 2009. According to last month’s
CarMax co-founder and former CEO Austin Ligon, who will be a featured speaker at the Democratic National Convention, says he and his company’s 17,000 employees aren’t responsible for his billion dollar company, the government is: As President Obama has said,
A new study by the liberal National Employment Law Project (NELP) finds that 58 percent of all jobs recovered in the last two years have been in low-wage occupations, which grew 2.7 times faster than mid-wage and higher-wage jobs. Other
A new study by economist Robert E. Scott finds that from 2001 to 2011, America’s trade deficit with China killed or displaced over 2.7 million U.S. jobs, 76.9 percent of which came from manufacturing. Hardest hit states included: California (474,700
In an effort to create “greater transparency,” the Federal Reserve Board announced on Monday that it would begin releasing unaudited financial reports on a quarterly basis instead of annually. The decision comes one week after Mitt Romney said the Federal Reserve
On Friday, the U.S. Bureau of Labor Statistics released a report that found that just 56 percent of the 6.1 million workers who were laid off January 2009 to December 2011 from jobs they previously held for at least three
August 14th filings with the Securities Exchange Commission reveal that billionaire Obama-backer George Soros has dumped his stocks in financials and more than doubled his holdings in gold. Soros unloaded 420,000 shares of Citigroup, 701,400 shares of J.P. Morgan, and
On Saturday, green car-maker Fisker, which was approved for a $529 million taxpayer-funded government loan, announced it is recalling 2,400 Karma plug-in hybrids after one of its vehicles caught fire last week in Woodside, California. The incident marks the second
Rep. Spencer Bachus (R-AL), who was cleared by the Office of Congressional Ethics of insider trading charges, is now busy collecting donations for his legal defense fund from the banking interests who stand to benefit most from his influence on
The crony connections just keep on coming over at Eric Holder’s Department of Justice. Last week, the Justice Department announced that it will not prosecute Goldman Sachs or any of its employees in a financial probe. Could that be because
On Friday, the Federal Reserve Bank of Philadelphia released its “Third Quarter Survey of Professional Forecasters” report which found that the “U.S. economy looks weaker now than it did three months ago.” Specifically, the survey of 48 economic forecasters lowered
The Justice Department announced Thursday that it will not prosecute Goldman Sachs or any of its employees in a financial fraud probe. In 2008, Goldman Sachs employees donated $1,013,091 to Barack Obama. To date, Eric Holder’s Department of Justice
