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. […]
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 […]
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 […]
Major Nidal Malik Hasan worshipped at a mosque led by a radical imam said to be a “spiritual adviser” to three of the hijackers who attacked America on Sept 11, 2001. Hasan, the sole suspect in the massacre of 13 fellow US soldiers in Texas, attended the controversial Dar al-Hijrah mosque in Great Falls, Virginia, […]
By: Tawfik Hamid An army psychiatrist’s alleged slaughter of 13 people and wounding of another 30 at Fort Hood, Texas, raise critical issues related to radical Islam. Maj. Nidal Malik Hasan, an American Muslim who had counseled troops, allegedly made the comment “Allah Akbar — Arabic for “God is great!” — before he killed his […]
By Peter Nicholas Reporting from Washington – At least one Democratic political strategist has gotten a blunt warning from the White House to never appear on Fox News Channel, an outlet that presidential aides have depicted as not so much a news-gathering operation as a political opponent bent on damaging the Obama administration. One Democratic […]
JCT Confirms Failure to Comply with Democrats’ Mandate Can Lead to 5 Years in Jail Today, Ranking Member of the House Ways and Means Committee Dave Camp (R-MI) released a letter from the non-partisan Joint Committee on Taxation (JCT) confirming that the failure to comply with the individual mandate to buy health insurance contained in […]
HOUSTON – The Associated Press is reporting that a source has told them the shooting suspect in Thursday’s attacks on the Fort Hood Army Post in Texas is Maj. Nidal Malik Hasan, an Army mental health professional and a Muslim. The attacks on Ft. Hood left 12 people dead and 31 wounded. Hasan, who military […]
They’re supposed to provide a boost to the economy, but the government’s stimulus programs are having the opposite effect. The Fed’s own statement, released yesterday, said, “Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.” In other words, despite losing your job […]
A Los Angeles doctor has allegedly found a creative way to speed up his workflow. Levon Tebelekian, 72, is accused of giving medical clearance to immigrants applying for U.S. visas by allegedly falsifying the results of medical exams and lab tests, the Los Angeles Times reported. In one case, he allegedly told an undercover ICE […]
