During the Bolshevik Revolution that led to communist Russia, Comrade Vladimir Lenin said, “Sell the capitalists enough rope and they will hang themselves!” Nearly 100 years later, Lenin’s predictions reveal his veracity with chilling fruition. The United States bleeds $11 trillion in debt. It suffers a $700 billion annual trade deficit, mostly with China, which […]
By: John Rossomando A prominent Republican senator who Barack Obama once considered to be his commerce secretary is warning that the administration’s fiscal policies could put the U.S. on the path to “banana republic” status. Sen. Judd Gregg, R-N.H., told CNN’s John King on Sunday’s “State of the Union” program that standards of living will […]
Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter – a sign the plague is still spreading. By Les Christie, CNNMoney.com staff writer Last Updated: October 15, 2009: 7:34 AM ET NEW YORK (CNNMoney.com) — Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number […]
CHARLOTTE, N.C. – Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills. The nation’s second-largest bank said it wrote down loans on its books by almost $10 billion during the July-September […]
By: Chris Wessling Author Peter Schweizer says as a young lawyer in Chicago, Barack Obama played an important role in shifting the balance of power away from free-market forces – actions that continue to reverberate today. “A lot of people are familiar with Barack Obama as a community activist, but people don’t realize that he […]
The dollar’s position as the world’s leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said. A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the […]
By Audrey Hudson EDITORS’ NOTE: THIS STORY HAS BEEN CORRECTED. Nearly $1 million in Homeland Security funding typically earmarked for fire departments has been awarded to ACORN before Congress signaled that it intended to cut off federal funding to the embattled group. The grant to ACORN’s Louisiana office became public in September before the House […]
Posted by Erick Erickson The Democrats are in full push back against conservatives who cheered Barack Obama’s defeat at the hands of the International Olympic Committee. During the Bush era, Republicans from Karl Rove to Joe Wilson questioned — in ways both veiled and overt — the patriotism of Democrats who challenged the administration’s Iraq […]
