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Asked why taxpayers should be forced to foot the bill to bail out banks, brokerages, insurance companies and other institutions that had made bad bets, Mr. Obama responded, “You know, if my neighbor’s house is on fire, even if they were smoking in t
Before "fixing" health care, maybe Washington should focus on educa tion. Because it looks like no one in Congress ever learned basic math.
Really?
Comment I know these PIG POLITICIANS are sticking it up ours with taxes and I would like to tell them to stick the taxes up theirs!
Problems at the Federal Housing Administration, which guarantees mortgages with low down payments, are becoming so acute that some experts warn the agency might need a federal bailout.
The proposal includes a modification to the American Recovery and Reinvestment Act to allow families receiving the Supplemental Nutrition Assistance Program, or food stamps, to remain eligible while receiving an additional $25 per week in unemploymen
Reporting from Sacramento - Bureaucratic bungling, red tape and political gridlock don't come cheap -- especially when they get in the way of paying California's bills.
As Congress lurches closer to a decision on an enormous overhaul of the American health care system, pressure is mounting on legislative leaders to make the final bill available online for citizens to read before a vote.
In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to t
When I went to Medford, OR last year, the local NPR affiliate identified themselves as Jefferson Public Radio. I asked my friend what that was all about and she said that it was from the mythical State Of Jefferson. There was a libertarian-minded s
One of the most distressing things about the current financial scandal is that there has been no similar reckoning against the firms that were supposed to be watching the system for the investment public.
President Obama's energy "czar" Carol Browner hinted today that the EPA might implement a cap and trade plan for carbon dioxide emissions even if that type of plan fails in the Senate. In other words, if our elected leaders recognize that enough Amer
A part of today's BLS announcement that has not received much attention is the BLS' own disclosure that it "may" have lost an additional 824,000 jobs in LTM period ended March 2009, in addition to the already disclosed 4.8 million job losses. From th
As if the SEC could be humiliated any more, another piece of disclosure now highlights that Mary Schapiro's useless organization was unresponsive to whistleblower overtures by former Moody's employees attempting to warn the regulator "about Moody's w
governmentattic.org provides electronic copies of hundreds of interesting Federal Government documents obtained under the Freedom of Information Act. Fascinating historical documents, reports on items in the news, oddities and fun stuff and governme
THOUGH IT HASN'T BEEN TRUE for years, many people believe that government employees receive such lavish employment and retirement benefits in order to compensate for their meager paychecks. The reality is...
A southwest Michigan woman has been told that she’s breaking the law because she watches her neighbors’ children each morning before they get on the school bus. Lisa Snyder of Grand Rapids says it’s “ridiculous” that she faces fines and possible j
A nuclear blast is an explosion with intense light and heat, a damaging pressure wave, and widespread radioactive material that can contaminate the air, water, and ground surfaces for miles around. A nuclear device can range from a weapon carried by
McCain should just resign or switch party's already...pathetic. see video:
The reality is that my generation was indoctrinated with a very subtle, but dangerous notion- that the Federal Government IS the United States. This is the situation we all face today as Americans who value the philosophy of our founding fathers. D
U.S. Bureau of Labor Statistics calls its “non-farm payrolls report”. Because the BLS has adopted numerous “techniques” for “adjusting” its numbers (i.e. lying)
A Government Accountability Office report says that privatizing the government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac could mitigate the systemic economic risk caused by the federal government’s guarantees to the now-defunct mortgage
Flashback: Pete Stark, D-Calif., Calls Bush Liar on House Floor The House Democrats will vote today to discipline Rep. Joe Wilson for calling President Obama a liar on the House floor during his speech to the nation that was riddled with mislead
Republican lawmakers on Tuesday gathered on Capitol Hill to promote their financial regulatory reform legislation
The Census Bureau on Friday severed its ties with ACORN, a community organization that has been hit with Republican accusations of voter-registration fraud.
This is an older story I am submitting it so the Liberal Fascists who may appear on site from the brad blog can see the truth! Many Democrats wish Bill Clinton still occupied the White House. However, before you put him in Mt. Rushmore, you might want to investigate his role in the mortgage foreclosure crisis. The chief aim of what I have termed the Republican Counterrevolution has always been to roll back the New Deal. Anti-gov’ment rhetoric hides this as surely as states’ rights hid racist segregation. Of all the New Deal legislation the GOP has sought to overturn, one that has always been at or near the top of the list is the Glass-Steagall Act. Ironically, a Democratic president repealed this for them. Glass-Steagall An unreconstructed Southerner from Virginia, Carter Glass shepherded the creation of the Federal Reserve System through Congress,
This really isn't a fair fight. Woods understands economics from studying the subject. It's clear Che holds his economic views without even understanding basics like supply and demand. This is a fight between a black belt martial artist, and a guy who bought a black belt at a Filene's Bargain Basement after summer sale. The Woods versus Che blow-by-blow is here.
Representative Joe Wilson (R-SC) decided to help continue the delusion of the left/right paradigm.
It is now official: You are all morons. The U.S.Postal Service was established in 1775 – you have had 234 years to get it right; it is broke. Social Security was established in 1935 – you have had 74 years to get it right; it is broke. Fannie Mae was established in 1938 – you have had 71 years to get it right; it is broke.. War on Poverty started in 1964 – you have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to “the poor”; it hasn’t worked. Medicare and Medicaid were established in 1965 – you’ve had 44 years to get it right; they’re broke Freddie Mac was established in 1970 – you have had 39 years to get it right; it is broke Trillions of dollars in the massive political payoff called the TARP bill of 2009 shows NO sign of working. And finally to set a new record:....
The Federal Reserve's latest (through July) G19 update is out, showing consumer credit. To say that these figures are ugly would be an understatement. In fact, there is simply no way you can spin this - while this contraction in credit has to happen it has horrifying implications if our Washington policymakers don't get on the stick and deal with the underlying issues here and now instead of pretending that everything is ok or worse, try to "borrow our way to prosperity."Hiring isn't coming back any time soon either: SAN FRANCISCO (MarketWatch) -- Employers' hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower's Employment Outlook Survey, which started in 1962. That needs no further explanation. President Obama is trying to kick the can again: The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests abou
