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This is why they needed $21 million to re-sod the National Mall. Perhaps President Hussien should take the money out of his vast millions that he received to pay for the inauguration and clean up this mess!!
President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants... It just goes to show you that the presidency is something like a drug.
Congressman Ron Paul speaks outside the Capitol Building on legislative process and the passage of the Stimulus bill. It was very windy this day, so apologies for lack of a windscreen!
I suspect that $50 billion will soon become $250 billion. This plan is not about foreclosure prevention. It is a fraudulent scheme to dump toxic waste on unsuspecting taxpayer bagholders.
Q. So the government is giving me back my own money? A. No, they are borrowing it from China. Your children are expected to repay the Chinese.
"Please be advised, in particular, that in the event we are forced to file a motion to quash and we prevail in that motion, we will seek the full measure of monetary sanctions provided for..." (BACK OFF!)
The difficult part of this interview is that the CNN reporter can't keep up with Yves Smith.
The Japanese are as nicely as they possibly can telling the US that we are in a terrible mess and we need to get on top of it ASAP. This is a blunt warning. I am sure the significance of the Japanese attempt at tough love will be lost.
The silence was overwhelming when Nassim Taleb had the temerity to suggest that the bonuses of the Wall Street financiers should be withdrawn as punishment for ripping off the taxpayer. Maria Bartiromo looked ashen.
Jim Rogers rips the hide off Tim Geithner in this Bloomberg video.
Now that there's a tentative agreement on the economic stimulus plan that President Barack Obama and other supporters hope will provide a considerable jolt to the economy, how long will it take to get infrastructure and other projects moving?
The government reported a deficit of $84.0 billion in January ... [compared to] a surplus of $17.84 billion in the same month one year ago.
"Nothing the government can do is capable of altering the unavoidable reality that fewer American businesses and consumers will have access to prior levels of credit," Oppenheimer & Co's Whitney said.
You can feel the deep sense of betrayal that some liberals are starting to exhibit when talking about Barak Obama, but John Perry's parting words say it all.
And yet he is clearly letting events take control of him, with Congress taking the lead on the stimulus plan and, even more ominously, allowing his Treasury Secretary to continue the failed policies of the prior administration.
The Triangle on that chart has a target ~3700 points lower, or if we were to break it tomorrow, approximately DOW 4200.
(CBS/AP) The U.N.-based Islamic Republic News Agency (IRNA), the official news organization of President Mahmoud Ahmadinejad, has told CBS News Tuesday that it has officially asked for an interview with President Barack Obama as a direct response to
Obama’s presidency already failed? In normal times, this would be a ludicrous question. But these are not normal times. They are times of great danger. Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will
Daschle says health-care reform “will not be pain free.” Seniors should be more accepting of the conditions that come with age instead of treating them. That means the elderly will bear the brunt.
“The financial system is working against recovery, and that’s the dangerous dynamic we need to change,” Geithner said in excerpts of his prepared remarks for delivery today in Washington.
"... I want to be candid: this comprehensive strategy will cost money, involve risk, and take time. "We will have to adapt it as conditions change. We will have to try things we've never tried before. We will make mistakes. We will go t
But Rogers said Geithner, who was president of the New York Federal Reserve Bank, "has been dead wrong about everything for 15 years in a row," and so was President Barack Obama's economic advisor Lawrence Summers, who acted as Treasury
This is astonishing. Even as recently as Q3 2008, the major players still had no damned clue as to how bad things were.
Hmmm let's see. We let executives rape the shareholders, pass out huge bonuses, use ridiculous amounts of leverage, and we let them stay in charge. Just how sane is that?
Increasingly it is becoming clear to market observers such as Nouriel Roubini, FT's Wolf, myself and others that the fact is that these firms are and have been bankrupt and you are conspiring with others to intentionally deceive the public by ref
The world has never seen such total mindlessness. Napoleon's and Hitler's march into Russia were rational acts compared to the mindless idiocy of the United States government.
An attorney for President Obama's Department of Justice has told the Ninth U.S. Circuit Court of Appeals that it supports the Bush administration's controversial state secrets defense in a lawsuit over the prior president's "extraord
Rahm is calling for full Congressional representation for the District of Columbia. D.C. will then have one house representative and two senators. Further solidifying the one party control over Washington
From crisis to catastrophe. Off a cliff. Dark, darker, darkest. Mortal danger of absolute collapse. Armageddon.
The pledges, amounting to almost two-thirds of the value of everything produced in the U.S. last year, are intended to rescue the financial system after the credit markets seized up about 18 months ago.
