Facebook co-founder Eduardo Saverin may have gotten the short end of the stick from Mark Zuckerberg, but on Thursday, Sens. Charles Schumer and Bob Casey announced they plan to punish Mr. Saverin and other expatriates like him by slapping a
A graph by the Economic Policy Institute shows that while the relative pay of CEOs shot up in the 1990s, it has since fallen by nearly half, a trajectory that hardly supports the class warfare rhetoric of Occupy Wall Street
In February of 2005, Barack Obama invested more than $50,000 in a company called SkyTerra, later known as the wireless networking company LightSquared. According to the New York Times, Skyterra’s principal backers included four of Obama’s “friends and donors who had
Heeding the journalistic adage to “follow the money,” the Washington Post has found that every one out of six of President Obama’s top fundraising “bundlers” who have hauled in $500,000 or more publicly identify themselves as gay. The implications are
On Thursday, President Barack Obama said that Europe would be much better off had it just mimicked Mr. Obama’s economic moves: “We’ve still got headwinds. Europe is still … in a difficult state, partly because they didn’t take some of the decisive
Of the 13.3 million Americans who were unemployed in the first quarter of 2012, a staggering 29.5% have been out of work for 52 weeks or more (the official definition of long-term unemployment). As the Pew Charitable Trusts point out, that works
On Wednesday, Federal Reserve policy-setting panel member Sandra Pianalto said in a question and answer session that “with an economy that’s only gradually improving, it’s going to take us several years to achieve that mandate [of increasing jobs].” Ms. Pianalto said she
On Thursday, House Republicans are expected to vote on a bill that would save $242 billion over 10 years and apply those funds for a small increase in military spending in an attempt to soften the blow from the $1.2
So far, we’ve seen President Obama’s reelection team telegraph five central campaign “themes.” None of them has anything to do with his record as president, and all of them are nonstarters that are easily refuted by the facts: 1. Mitt Romney
The U.S. Federal Reserve estimates that of the 12 million American homeowners who have negative equity, 3 million–or 1 out of every 4–are borrowers with FHA-insured loans. Part of the problem, say experts, is the fact that FHA loans require minuscule down
The Ranking Member of the Senate Budget Committee Jeff Session’s (R-AL) valiant attempt to stop Congress from spending $34 billion above the Budget Control Act limits was defeated yesterday by a vote of 62-37. The fact that Sen. Sessions’s attempt to slow
In 2008, taxpayers spent $38 billion on food stamps. In 2013, that figure will be $82 billion. Since 2007, the number of Americans on food stamps has skyrocketed 70 percent to 45 million people–or one out of every seven people
In their explosive new book Debacle: Obama’s War on Jobs and Growth and What We Can Do Now to Regain Our Future, Grover Norquist and John Lott, Jr. uncover a startling fact: heavily Democratic states with lower poverty rates, lower unemployment
American families make and live by a budget. But not the Congress. Thursday marks the 1,086th day since Senate Democrats passed a budget plan, despite the fact that doing so merely requires a simple majority vote. Yet Sen. Harry Reid’s
American families make and live by a budget. But not the Congress. Thursday marks the 1,086th day since Senate Democrats passed a budget plan, despite the fact that doing so merely requires a simple majority vote. Yet Sen. Harry Reid’s
On Thursday, Senate Budget Committee Chairman Kent Conrad (D-ND) gave MSNBC’s Chuck Todd a bumbling interview chock full of misleading and inaccurate statements as he attempted to explain why Senate Democrats reversed their decision to move forward with a budget
With Americans busy battling the ravages of the Obama economy, a new Gallup poll finds that citizens’ worries about environmental issues are at record lows. From 2000 to 2012, the percentage of those who said they worry “a great deal” about
In their new book, Debacle: Obama’s War on Jobs and Growth and What We Can Do Now to Regain Our Future, Grover Norquist and John Lott, Jr. explain just how bloated the pay and benefits of government workers have become. According
On Sunday, Treasury Secretary Tim Geithner told ABC’s This Week host George Stephanopoulos that Americans are “in a much better position to deal with” soaring gas prices because “the overall cost of energy for consumers is down.” Then, in another Sunday appearance, Mr.
A recent lengthy report by Reuters confirms what many conservatives have long known: President Obama’s promise to create millions of so-called “green jobs” has been a colossal and expensive failure. A few highlights from the report: Since 2009, the wind industry has
On Thursday, the US Embassy in Singapore partnered with HBO and The American Club to screen the hyper-partisan movie “Game Change” an officially sponsored event. As Paul Karl Lukacs of The Nomad Lawyer blog reports, the airing of the movie
Later this year, the Obama Administration plans to mandate that car and truck manufacturers produce vehicles that get 54.5 miles per gallon by 2025. But a new study by the National Automobile Dealers Association says such a move would add
Rep. Duncan Hunter (R-CA) wants Americans to know what the real unemployment rate is, not the figure that the Bureau of Labor calls unemployment which excludes those who have given up hope and are no longer seeking employment. Rep. Hunter says
Liberals like to label fiscal conservatives as the “party of no,” individuals who talk spending cuts but offer little in the way of specific, realistic solutions to downsize government. In their new book, Debacle: Obama’s War on Jobs and Growth and
Calling the Obama economy a wasteland is an understatement. Here are just seven economic facts that begin to capture the economic pain Americans are presently experiencing as they struggle to survive the ravages of the Obama economy : 1. Every
Amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000. This figure explains why overall unemployment dropped from 8.3% to 8.2%, as
Grover Norquist and John Lott, Jr. lay waste to the economic claims of Obama-backer, stimulus defender, and New York Times columnist Paul Krugman in their new, hard-hitting book, Debacle: Obama’s War on Jobs and Growth and What We Can Do Now to Regain
On Monday, Government Services Administration chief Martha Johnson resigned as news of a lavish 2010 Las Vegas conference came to light. The event, held at the M Resort Spa Casino on October 25-29, cost taxpayers $820,000 and included “theatrical talent,”
On Friday, President Barack Obama appeared at a University of Vermont rally and fundraiser to tell voters that, while “rugged individualism” has made America the richest nation in history, Mr. Obama rejects “you’re on your own” economics. Mr. Obama’s message,
On Friday, Democratic campaign treasurer Kinde Durkee, 59, pleaded guilty to fraud charges involving the embezzlement of $20 million in Democratic campaign contributions in a case one prosecutor likened to that of Bernie Madoff. “It’s the largest embezzlement scheme of
In a private meeting of GOP lawmakers, Rep. Mike Rogers (R-AL) proposed overturning the House and Senate ban on earmarks in order to push past legislative logjams: I just got up … and did it because I was mad because
Imagine for a moment that last week a video had been uncovered of conservative actor Jon Voight appearing at a private school fundraiser with a man in black-face wearing a puffy afro wig and a caveman costume. Furthermore, imagine that
Two days before a New York court begins a civil case involving a hotel maid’s accusation of rape against Dominique Strauss-Kahn, the former head of the International Monetary Fund has been placed under preliminary investigation for alleged involvement in a
Billionaire funder of left-wing causes George Soros, 81, lost his appeal to have his 2002 insider trading conviction overturned. The European Court of Human Rights Grand Chamber refused to consider whether France had violated his rights, reports Bloomberg News. Paris
Americans are accustomed to the summertime gas spike, but experts say drivers can expect record-shattering prices at the pump this year. “What we’re about to see, the increases, will just make it even worse; but these are typical increases we
On Sunday, Sen. Lindsey Graham (R-SC) told CNN’s Candy Crowley on “State of the Union” that he believes many Democrats are secretly hoping the Supreme Court strikes down Obamacare because the health bill has become a “big f-ing mess” for Democrats: The
Breitbart editor Peter Schweizer and the late Andrew Breitbart spent roughly six months coordinating an effort to ban members of Congress from using nonpublic information to profit themselves. On Thursday, their combined efforts came to fruition when the STOCK (Stop
