In his 2012 State of the Union Address, President Obama said that “American oil production is the highest that it’s been in eight years.” But on Wednesday, the nonpartisan Congressional Research Service released a new report that finds that the overwhelming majority–96
President Barack Obama has
The bill that was to ban members of Congress from using nonpublic information to profit their private investments has ground to a halt due to inaction by Senate Majority Leader Harry Reid (D-NV), reports The Hill newspaper: One thing is clear:
Economist Lan T. Pham says she was fired from the Congressional Budget Office for “producing work at odds with Wall Street research favored by her supervisors,” reports the Wall Street Journal. In a letter written to Sen. Charles Grassley, Ms. Pham says that
The New York Times bestselling author of the explosive new book, Hollywood Hypocrites: The Devastating Truth About Obama’s Biggest Backers, Jason Mattera, had his crew’s camera snatched and hurled by comedian Chris Rock when he asked the star why he has called the
On Monday, reporter Greg Warmoth of WFTV asked President Barack Obama what he thought about the GOP claim popularized by Newt Gingrich that, if elected, the price of gas could be brought down to $2.50 a gallon. ‘Your opponents say they can
President Barack Obama continues to struggle with Americans’ growing ire over soaring gas prices–the highest ever at this time of year. Part of Mr. Obama’s challenge is that he continues to make misleading statements that only conflate his growing problems on gas
On Sunday, Sen. Lindsey Graham (R-SC) said that the Republican presidential race is “mathematically” over and that former Massachusetts Governor Mitt Romney is all but assured to be the GOP’s nominee. “Mathematically, Rick would have to win 75 percent of what remains,”
In his first press conference of 2012, President Barack Obama appeared “oddly disconnected” from the financial strain his economic policies have placed on everyday Americans. So says the Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL): “Stunningly, in
Over half of the President Obama’s 47 top fundraisers–individuals who helped bag a minimum of $500,000 for his presidential campaign–have been given jobs in the Obama White House. The latest revelation of crony capitalism, which was reported by the Washington Post, also
The bill spearheaded by Breitbart editor Peter Schweizer banning members of Congress from using nonpublic information to profit their personal investments may hit a wall in the form of Sen. Harry Reid (D-NV). On Monday, Mr. Reid indicated that he may simply accept the
A portion of an $11 million grant to help 400 low-income Detroit citizens purchase “business attire” for job interviews helped exactly two people, a city audit reveals. “It’s just another example that money is not as much of an issue
The Congressional Black Caucus believes the House Ethics Committee has singled out its black membership for ethics investigations. “We all feel threatened,” Rep. Hank Johnson (D-GA) told The Atlantic. “If the only reason that you would suffer a complaint is
On Friday, General Motors announced that it will temporarily suspend production of the Chevy Volt and temporarily lay off 1,300 workers associated with the electric car.Three days prior to GM’s decision to halt production of the Volt, President Barack Obama
On Tuesday, the Government Accountability Office released a report uncovering $400 billion of wasteful federal spending on 1,500 duplicative, fragmented, or inefficient government programs. From the GAO report: This year, GAO identified 32 new areas of duplication and 19 additional
On Wednesday, Chairwoman of the Securities and Exchange Commission Mary Schapiro said she welcomed the STOCK (Stop Trading On Congressional Knowledge) Act banning members of Congress from using nonpublic information to make their investments but was unsure the SEC could
As environmental and liberal groups align against the natural gas industry and its controversial process of “fracking” to release natural gas trapped beneath deep shale layers, the Washington Post is reporting that in 2008 and 2009, the leftist think tank
Funny man Chris Tucker owes the IRS a whopping $11,571,909.26 million in unpaid taxes. He owes the state of Georgia’s Department of Revenue another $592,594.82, reports TMZ. Grand total: $12,164,504.08. [youtube y9WGUjDF7vk] Given Mr. Tucker’s 2008 staunch support for Barack Obama’s
One of the Democratic Party’s top fundraisers and the co-chairman of the Democratic National Convention host-committee, Duke Energy Corp. CEO Jim Rogers, contributed more than $210,000 to Democrats since 2008 and saw his company receive $230.4 million in federal grants
Rep. Cliff Stearns (R-FL) wants answers from Energy Secretary Steven Chu about documents that appear to indicate that Mr. Chu personally intervened to help secure a $1.4 billion partial loan guarantee for a large-scale rooftop solar project known as Project Amp that
Both the House and Senate have now passed their respective versions of a bill known as the STOCK (Stop Trading On Congressional Knowledge) Act to ban members of Congress from using private information to enrich their investments. As the two
Six cows are helping millionaire Sen. Bill Nelson (D-FL) dodge $43,000 in property taxes on his 55 acres of land on the Indian River, reports the Tampa Bay Times. While no one begrudges any American from striving to pay as few dollars in
In a sweeping and stirring oration on the floor of the House of Representatives, Rep. Allen West (R-FL) proudly recounted the Republican Party’s long history of fighting for black freedom against the Democratic Party’s history of racism and oppression. [youtube rXJ-9QyJtEg]
The Congressional Budget Office released a report Thursday that showed real unemployment in America at 15 percent for the month of January, a figure considerably higher than the White House’s oft-cited 8.3 percent figure that does not include part-time workers
On Monday, White House National Economic Council Director Gene Sperling called for a “global minimum tax” to ensure that “nobody is escaping doing their fair share.” [youtube gO5B1378P54&feature=player_embedded] In his comments, Mr. Sperling added: “we will say more, perhaps not
For the first time in its 78-year history, the 100 percent taxpayer-backed Federal Housing Administration is projected to run out of its remaining $4.7 billion financial reserves and trigger an infusion of funds from the Treasury. So says the Wall Street
On Monday, the Ranking Member of the Senate Budget Committee Sen. Jeff Sessions blasted President Barack Obama’s $3.8 trillion 2012 budget plan as being a fiscal charade of breathtaking proportions and “one of the most spectacular fiscal cover-ups in American history.” According
In his New York Times bestselling book, Throw Them All Out, Breitbart editor Peter Schweizer revealed how members of Congress enrich themselves and their relatives using earmarks and insider information. Now, the Washington Post, following in Schweizer’s footsteps, has conducted a study that found 16 members
On the Sunday edition of ABC’s This Week, conservative commentator George Will weighed in on the controversy surrounding the Obama Administration’s policy to force Catholic institutions to provide contraception services that conflict with the Church’s beliefs. Mr. Will laid a portion
Rep. Nita Lowey (D-NY) support for a bill banning members of Congress from using insider information to enrich themselves is being overshadowed by a report by the Wall Street Journal that the congresswoman’s husband, Stephen Lowey, invested $350,000 in a fund co-founded
The Hip Hop community may be known for its strong past support for President Barack Obama, but some rappers apparently aren’t down with paying him so much money in taxes. Female rapper Lil’ Kim, whose real name is Kimberly Denise
As Greece prepares to agree on yet another round of austerity measures on Sunday, socialist and labor union street protests have erupted, six Cabinet members have issued their resignations, and 35 socialist deputies are calling for the spending-cutting plan to
The Washington Post has completed an extensive study of earmarks–the process of slipping pet spending projects into bills–for all 535 members of Congress and has concluded that Rep. Nancy Pelosi added $50 million in earmarks for a light-rail project that runs near a four-story
Borrowing a page from Breitbart editor Peter Schweizer’s investigation of how elected officials funnel taxpayer dollars to projects that increase the value of properties they own, the Washington Post has conducted a study revealing that 33 members of Congress earmarked more than $300 million
Amid the controversy over Chrysler’s “It’s Halftime In America” Super Bowl commercial, a glaring question remains: if Chrysler is back on top and so strong, then why hasn’t it repaid taxpayers the $1.3 billion it still owes them? [youtube _PE5V4Uzobc] “I was,
On Thursday, the Senate voted 96-3 to ensure that the same insider trading laws that apply to citizens also extend to members of Congress. But as the Associated Press points out, elected officials enjoy at least seven legal exemptions that
Breitbart editor Peter Schweizer’s battle to ban members of Congress from using private information to enrich themselves scored a stunning victory on Thursday when the U.S. Senate voted 96-3 to pass the STOCK (Stop Trading On Congressional Knowledge) Act. While
The Senate’s 96-3 vote to ban members of Congress from using nonpublic information to inform their private investments brought with it important additional amendments that stand to shape the debate next week as the House takes up the STOCK (Stop