Obama
Sequestration Politics: Taxes like King George
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 [...]
The Bankruptcy of the Obama-Pelosi ‘Progressive’ Agenda
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.
Unemployment Rate Falls: More Adults Discouraged, Quit Looking
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 [...]
No Honeymoon for Obama
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 [...]
Markets Trading Higher on Day of Election as if Obama already Won
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 [...]
Out on a Limb: Romney Wins, Garners 270 to 276 Electoral Votes
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 [...]
Unemployment Expected to Rise in Final Pre-Election Jobs
Friday, the Labor Department is expected to report the economy added 125,000 jobs in September and unemployment increased to 7.9 percent.
Third Quarter GDP Indicates Little Hope for Better Times
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 Risk of Economic Collapse and the Presidential Elections
The global economy is teetering on collapse, and the presidential election may well decide whether another Great Depression is avoided.
What to Expect if Obama, Romney Win
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.
Top News
- Politics, bribery charges swirl around Ugandan oil May 18, 2013KAMPALA, Uganda (AP) — Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners. […]
- New Xbox more than a game console for Microsoft May 18, 2013By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big competition from the P […]
- Google's wearable Glass gadget: cool or creepy? May 18, 2013By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference. Missing from the agenda, however, was a session on etiquette when using the recording-capable gadget, which some attendees faithfully wore everywhere - including t […]
- LATAM Airlines to resume Argentina flights later Saturday May 18, 2013SANTIAGO (Reuters) - LATAM Airlines Group SA said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the carrier. Argentine state company Intercargo manages services for the loading and unloading of luggage on airplanes, the transportation of […]
- Bernanke upbeat on innovation outlook in commencement address May 18, 2013WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home. Bernanke made no reference to monetary policy or the immediate outlook for the U.S. economy in pre […]