We have reached 1600+ days without an operating budget for our country. But who’s actually counting right now? And why should we care? Currently, we had Syria at the forefront of discussion, which has put any substantive monetary debates on the back burner. Besides the question of whether or not to authorize and spend money […]
On Monday afternoon, after the Democratic Senate rejected a Republican House bill that would have continued to fund the government and would have delayed the implementation of Obamacare by one year, Rep. Darrell Issa (R-CA) said that the House would attempt to pass a bill requiring all Obama administration officials to sign up for Obamacare. […]
The Mortgage Bankers Association and the Independent Community Bankers of America jointly filed a Supreme Court brief arguing that under the new HUD rule under Obama’s ridiculous housing plan that virtually every lender in the United States could be sued for discriminatory lending practices if they don’t lend to enough minorities no matter how bad […]
If you have a job that involves building homes, buying homes, selling homes or that is in any way related to the mortgage industry, you might want to start searching for alternate employment. Seriously. Interest rates are starting to rise dramatically, and mortgage lenders such as Bank of America, Wells Fargo and JPMorgan Chase are […]
Barack Obama has been running around the country taking credit for an “economic recovery”, but the truth is that things have not gotten better under Obama. Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has […]
During the 2008 crisis, Fed has been printing tons of money and borrowed it out. Now if they increase the interest rate, how are people going to pay back this money? Without increasing rate already seemed like this money can’t be paid back. I think America is the biggest bubble in the history of man […]
Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules. Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published today. That brought […]
Obama: “…the economy is far stronger now than it was four and a half years ago.” Yea right…as long as one ignores the reality of the following chart… We’ve seen macro “Hope”and micro “Reality”, but for the man in the street, it would appear from the chart above that the trajectory for ‘recovery’ green shoots […]
By Chris Stirewalt FoxNews.com “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way.” — President Obama in his weekly address, Oct. 13, 2012. Just before Detroit […]
CNSNews.com – The number of Americans receiving subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population. The U.S. Department of Agriculture estimates that a total of 101,000,000 people currently participate in at least one of the 15 food programs offered by the agency, at […]
