GOP Fights to Shut Down TARP Slush Fund, Return Money to Taxpayers

With the federal government coming off a $1.42 trillion deficit (“roughly twice individual income tax revenue“) and Washington already another $292 billion in the red, the president and his allies are determined to ramp up government “stimulus” spending even more and turn the Troubled Asset Relief Program (TARP) into a slush fund for politicians.  But […]

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Major makeover of Wall Street Challenges Capitalism

The House passed the most “ambitious restructuring” of federal financial regulations since the New Deal on Friday, this is certainly a direct hit at free world capitalism. The sprawling legislation would give the power hungry government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions […]

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Congress lower than car salesmen

Being a member of Congress rates as the least ethical and honest professions – faring worse than car salesmen by 4 percent – according to a new Gallup poll out Wednesday. In a poll ranking how Americans view the honesty and ethical standards of 21 professions, Congressmen were rated as having a “low/very low” ethical […]

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Democratic Homeland Security chairman faces ethics probe

Rep. Bennie Thompson’s (D-Miss) panel under investigation after credit card hearing WASHINGTON – At a hearing in late March, the nation’s credit card companies faced the threat of expensive new rules from an unlikely regulator: the House Committee on Homeland Security, chaired by Rep. Bennie Thompson (D-Miss.). The committee had never before dealt with credit […]

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Rumsfeld Calls Out Obama Lies

Responding to President Obama’s address on Afghanistan yesterday, former Secretary of Defense Donald Rumsfeld issued the following statement: “In his speech to the nation last night, President Obama claimed that ‘Commanders in Afghanistan repeatedly asked for support to deal with the reemergence of the Taliban, but these reinforcements did not arrive.’ Such a bald misstatement, […]

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AMAC vs. AARP – David vs. Goliath

AMAC vs. AARP – David vs. Goliath There are two organizations representing citizens 50 plus. AMAC, the Association of Mature American Citizens has 10’s of thousands of members AARP has 26 million Members. The leadership of AARP has proven themselves to be a liberal leaning group that endorsed expensive Obamacare, without the consent of their […]

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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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