Bernanke Says Limiting Fed Independence Would ‘Impair’ Economy

Nov. 29 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S. “A number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core […]

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Lieberman Says No

Posted by Erick Erickson The Wall Street Journal reports Joe Lieberman is digging in his heels. He will filibuster any health care legislation that contains a public option, even if the legislation allows states to opt-out. Lieberman has been a thorn in the side of the left ever since they decided to challenge him back […]

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Hackers ‘expose global warming con’

By Fiona Macrae-ENGLAND-One of the world’s leading climate change research centres has been accused of manipulating data on global warming after thousands of private emails and documents were leaked. Hackers targeted the University of East Anglia’s Climatic Research Unit and published the files, including some personal messages, on the internet. Among the most damaging is […]

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Huge China Crash Coming

Julie Crawshaw To the growing number of China bears, add Kynikos hedge fund manager Jim Chanos, who is reportedly shorting the entire Chinese economy. Chanos, among the first to see through Enron’s web of accounting tricks, told Politico.com he sees a similar situation evolving in China — starting with the fact that the $4.3 trillion […]

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Get Ready for a 60 Percent Top Tax Rate

Gene J. Koprowski Economists who have the Obama administration’s policy-making ear simply do not believe that higher marginal tax rates will retard economic growth, writes economist Irwin Stelzer. Writing in the The Weekly Standard, Stelzer explains that the administration is flirting with such things as a 60 percent rate on the incremental income of high […]

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FedSpeak Translation – There Is No Recovery

In separate speeches, Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, warned that rising unemployment could crimp consumers, restraining the recovery. Consumer spending accounts for about 70 percent of economic activity. That’s because there is no real economic recovery at all. […]

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Shocking numbers: Real unemployment tops 22%

Obama Administration figures deliberately understate economic downturn The true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi’s Red Alert reports. Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 […]

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Reaganomics vs. Obamanomics

By Dr. Paul Kengor President Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987—also on Ronald Reagan’s watch. What did Reagan do—or, more importantly, didn’t do—in response to […]

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