From the Wall Street Journal: The last time the CIA and Nancy Pelosi were in the news together, the House Speaker was accusing the agency of lying about its briefings to Congress on the interrogation of al Qaeda detainees. This week, the Speaker’s fellow Democrats are set to block public disclosure of what Ms. Pelosi […]
Archives for July 2009
Anatomy of a Crisis: The Fannie Mae and Freddie Mac Debacle
Republican members of the House Committee on Oversight and Government Reform have released a report analyzing the role of the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, in the housing meltdown. You can read the full report here, but here are the highlights: Political pressure led to the erosion of responsible lending practices: […]
Will Obama Push for a Weaker Dollar?
Ugh, this is not good… former Clinton trade official and current member of the Obama administration’s economic advisory panel Laura Tyson said in Singapore today that the $787-billion plan Congress passed in February “will have a positive effect, but the real economy is a sicker patient.” She went on to say the plan turned out […]
Independence Day: Happy 233rd America!
In CONGRESS, July 4, 1776. The unanimous Declaration of the thirteen united States of America, When in the course of human Events, it becomes necessary for one People to dissolve the Political Bands which have connected them with another, and to assume among the Powers of the Earth, the separate and equal Station to which […]
Breaking: Sarah Palin Resigning as Governor of Alaska
Alaska Governor Sarah Palin announced today that she will resign from office July 26. Palin made the announcement from her home in Wasilla, she was flanked by her husband, Todd, her family and state commissioners. Lt. Gov. Sean Parnell will succeed her. Visit msnbc.com for Breaking News, World News, and News about the Economy Wow, […]
Fiscal Irresponsibility: Congress’s Travel Tab Swells
You would think record budget deficits and the need fiscal restraint would curtail Congressional travel… but you’d be wrong: WASHINGTON — Spending by lawmakers on taxpayer-financed trips abroad has risen sharply in recent years, a Wall Street Journal analysis of travel records shows, involving everything from war-zone visits to trips to exotic spots such as […]
Reminder: Connecticut July 4th Tea Parties
Just a quick reminder that on Independence Day, the Connecticut Tea Party Patriots will hold public rallies in Hartford, Norwich and Stratford to encourage elected officials to exercise fiscal restraint, rein in government growth and support America’s free market economy. The Hartford Tea Party will take place from noon to 3 p.m. on the Capitol […]
Unemployment Climbs to 9.5 Percent
Unemployment climbed to its highest level in 26 years rising to 9.5 percent in June. All told, 14.7 million people were unemployed in June: WASHINGTON (Reuters) – U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a […]