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Global Recession

Obama’s to Blame for Record Breaking Numbers of Food Stamp Recipients


Finally, it appears as if the U.S. economy is picking up some decent steam, but can President Obama and Democrats take any credit at all for the uptick? Recent economic news in the U.S. has been encouraging. On Friday, The Associated Press reported that, according to government figures, job creation in November and December was better than expected, and wage growth ...

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Ebola will ravage world economies if it continues to spread


As the Ebola epidemic worsens, it will threaten local and regional economies that were already struggling to grow before the deadly virus struck If those economies falter, that will have an impact on global markets The longer the disease is allowed to spread, the greater the economic risks Without question the Ebola outbreak continues to dominate headlines, but most of the coverage has dealt ...

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A Swedish Plan to Save the U.S.


By Kelly Irons To say that the U.S. government is a profligate spender of OMP – other people’s money – is such an understatement it borders on the hysterical. Yes, our government has a spending problem. And because of that, it also has a management problem, a waste, fraud and abuse problem, and a taxation problem. High taxes (well, for some income ...

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Yellen, as Fed Chief, Will Continue War on Savings


Anyone hoping that the departure of Ben Bernanke as chairman of the Federal Reserve will mean more responsible monetary policy is in for a rude surprise if Obama’s nominee Janet Yellen is confirmed. At her confirmation hearing Thursday, Yellen said that: [S]he will pursue policies that hurt people who try to build up wealth, claiming that impoverishing savers serves the ...

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America, How Can We Screw Thee? 4 Trillion Ways


By Nick Sabal If you still harbor a shred of doubt that your government and its institutions really care about Main Street America, this should put those doubts to rest once and for all. And make you mad as hell in the process. In today’s Wall Street Journal, former Federal Reserve bond buyer Andrew Huszar wrote a piece I’m sure he ...

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Starving The Beast – The 2013 Budget Sequestration


Sequestration is the name given to budget cuts by the federal government as a measure of austerity. In fiscal 2013, spending cuts totaling about $85.4 billion have been planned and the austerity measures will continue through 2021. These cuts will reduce spending on defense and Medicare among others. However, major programs such as Medicaid, Social Security, and military pay and ...

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