President Obama has taken the middle class hostage in a thinly veiled bid to hike their taxes. Having refused to work with Congress to reduce spending by $1.2 trillion over ten years, as he agreed to do when drafting the Budget Act of 2011, the president must now implement $85 billion in across-the-board cuts to [...]
No one can accuse the Democrats of being the party of personal responsibility. Confronted with an economy that contracted in the fourth quarter, Minority Leader Nancy Pelosi blamed Congressional Republicans for obstructing the president’s agenda and creating uncertainty.
The economy added 146,000 jobs in November, up a bit from 138, 000 in October. Unemployment fell to 7.7 percent, largely because 542,000 additional adults chose not to look for work. Hurricane Sandy and business fears regarding the fiscal cliff contributed to the slow pace of jobs creation; however, the overall picture is worse than [...]
Obama was re-elected last night, as expected, but the markets reversed course today. Now that the election drama is over, the markets are now focusing on the problems ahead. The fiscal cliff is less than 60 days away and the U.S. lawmakers have little time to resolve their differences. The Republican Party has the majority [...]
Overall, markets are moving higher in anticipation of Obama winning the Presidential election. An Obama’s win will mean Bernanke’s low interest rate policies will stay in place. Romney already made it clear that if he is to be elected, Bernanke will be out. Also, Romney pledged austerity if he became the President, thus following the [...]
Governor Mitt Romney will prevail today winning more than 50 percent of the popular vote and garnering at least 270 electoral votes. Prior to Hurricane Sandy, things were moving Romney’s way-he was attracting larger and more enthusiastic crowds, and making inroads in states that by reasonable estimation a month ago should have easily fallen into [...]
Friday, the Labor Department is expected to report the economy added 125,000 jobs in September and unemployment increased to 7.9 percent.
Obama’s Economic Giveaways Good Politics but Risk Recession Friday, economists expect the Commerce Department to report the economy grew 1.9 percent in the third quarter, continuing a subpar recovery that began in July 2009.
The global economy is teetering on collapse, and the presidential election may well decide whether another Great Depression is avoided.
The presidential debates have clearly established what Americans may expect from an Obama second term or a Romney Administration. Mr. Obama would double down on the policies pursued since the financial crisis gripped-growing America from the government out.