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The federal government has withdrawn nearly three times as much money from the U.S. Treasury as it will spend in 2012.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
In a recent Boston Herald column, pollster Scott Rasmussen of Rasmussen Reports cited poll findings that show strong bipartisan opposition to cronyism and its effects on free markets. A few highlights from Rasmussen’s soundings: Only 16 percent of voters said
Liberals who are “giddy”at the prospects of Mitt Romney’s selection of Wisconsin CongressmanPaul Ryan are in for a rude and sober awakening when they realize thestrategic genius behind the decision. Team Romney’s strategy? Lure the Obama campaign into attacking Ryan’s
A new report by the Government Accountability Institute reveals multiple conflicts of interest surrounding Attorney General Eric Holder’s former law firm and the Department of Justice’s surprise ruling last year to legalize online lotteries and gaming. On Friday, December 23,
Barack Obama and Mitt Romney are battling to paint each other as the crony-in-chief candidate. But the truth is, both candidates are awash in lobbyist money and connections. So far, Mitt Romney has refused to release the names of all
A new report by the House Committee on Energy and Commerce contains a spate of White House emails that suggest former chief of staff Rahm Emanuel may have been the driving force behind President Obama’s now-infamous speaking appearance at the
In presidential campaign ads, President Barack Obama claims that his economic plan includes “$4 trillion in deficit reduction.” For a president who has increased the national debt more than all U.S. presidents from George Washington to George H.W. Bush combined,
In 2008, billionaire publisher and real estate mogul Mort Zuckerman supported Barack Obama. Now, in a recent U.S. News and World Report article, Mr. Zuckerman says “Hope and Change” has morphed into the shattering of the American dream. “The great American
On Monday, Sen. Frank Lautenberg (D-NJ) and Rep. Carolyn McCarthy (D-NY) proposed a bill that would restrict the online sale of ammunition to anyone but licensed dealers and anyone who can present a photo ID, which would act as a
The Cayman Islands is famous for being a tax shelter for many of the world’s biggest hedge funds and a land where direct taxation is verboten. But all that may be changing if Cayman Islands Premier McKeeva Bush’s proposal to impose
When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation.
On Wednesday, lawmakers grilled Treasury Secretary Timothy Geithner as to why he failed to stop the fraudulent manipulation of the LIBOR (London Interbank Offered Rate) interest rate when Fed bank documents show officials were alerted to a possible problem as early
Those wondering why the Department of Justice has refused to go after Jon Corzine for the vaporization of $1.6 billion in MF Global client funds need look no further than the documents uncovered by the Government Accountability Institute that reveal
A new jobs training oversight report by Sen. Tom Coburn (R-OK) found that a federally-funded Oklahoma Job Corps program spent around $76,000 per person to help youth secure minimum wage jobs. The report, released Tuesday, comes 18 months after a Government Accountability
In an effort to make good on President Barack Obama’s commitment to “green energy,” the United States Air Force spent $639,000 on 11,000 gallons of alcohol-to-jet fuel from Gevo Inc., a Colorado biofuels company, at $59 a gallon. The cost
On Monday, Reuters issued an exclusive report stating that U.S. prosecutors and European regulators are close to arresting and charging traders in the LIBOR scandal to manipulate global interest rates. From Reuters: Federal prosecutors in Washington, D.C., have recently
On Friday, a federal judge complied with the request of federal prosecutors to dismiss what would have been the largest human trafficking case in U.S. history on the grounds that the government lacked the evidence to convict. “To dismiss a
A report by the Treasury Inspector General for Tax Administration (TIGTA) reveals that that taxpayer identity theft more than doubled in 2011, skyrocketing to 641,052 taxpayers affected as compared to 270,518 the prior year. As Eileen Ambrose of the Baltimore
An eye-opening new report by the Government Accountability Institute reveals that President Barack Obama averages just eight minutes more a week on economic meetings than the average dog owner spends walking their dog. When it was recently reported that Mr.
On Friday, the Federal Trade Commission issued a warning that fraudsters are now using Obamacare to scam the very citizens who will be forced to pay for Obama’s new healthcare scheme. The FTC Alert says that scam artists are targeting
If there were any doubt that Eliot “Client 9” Spitzer has spiraled into further irrelevance, it was erased Friday afternoon in an embarrassing and bizarre shootout between the disgraced former NY Attorney General and CNBC’s Maria Bartiromo. At issue were
A recent CNNMoney survey found that 75% of money managers and investment strategists believe a Mitt Romney victory would lift U.S. markets. The survey also found that “many are also hoping for the GOP to gain control of both the
President Barack Obama apparently has a lot of rust to shake off as he gears up for his “last campaign.” Last week, he and his team committed at least five campaign gaffes: 1. Obama charged that Mitt Romney is not
