Signs are pointing to us entering the dreaded double-dip recession: Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the […]
Even with Julian Assange in a massive legal fight, his work carries on. Now the group Anonymous has released a large batch of Bank of America emails, with this potentially explosive information: The documents indicate that Bank of America improperly foreclosed on several homes during the height of the financial crisis in 2008 that began […]
Way to go Mr. President: Faced with an unprecedented level of obstruction in the Senate, the President announced his intention to recess appoint fifteen nominees to fill critical administration posts. While the President respects the critical role the Senate plays in the appointment process, he was no longer willing to let another month go by […]
Here we go with more of the dumbasses on the right and their constant search for a new outrage. This week it appears to be the fact that Obama played golf this weekend, and it’s his 10th round in as many weeks. Here’s Gateway Pundit: It’s the worst recession since the Great Depression. Dear Leader […]
Not only are we facing a new great depression, but it looks like the dust bowl could also be on the comeback: Federal water managers said Friday that they plan to cut off water, at least temporarily, to thousands of California farms as a result of the deepening drought gripping the state. U.S. Bureau of […]
The economy sheds 533,000 jobs in November, the worse in 34 years: The report from the Labor Department is sure to raise fresh concerns about the depth and length of an ongoing recession, and could figure into hearings on Capitol Hill today about a proposed bailout of the Big Three Detroit automakers. The unemployment rate […]
Some troubling numbers from Rasmussen: The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell four more points on Saturday to once again reach an all-time low. At 60.1, the Index is down three points from yesterday, down fourteen points from a month ago and down thirty-nine points from […]
That’s exactly what the fed is doing, and was doing before the bailout bill even hit the floor of the House: The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency […]
The Dow and S&P sees the biggest losses in the month of June since the Great Depression. Of course we are just nothing but a bunch of paranoid leftists when we bring things up like that.
Perhaps this war: Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows. The top 10 percent, roughly those earning more than $100,000, also reached […]