Socialism is the Big Lie of the twentieth century. While it promised prosperity, equality, and security, it delivered poverty, misery, and tyranny. Equality was achieved only in the sense that everyone was equal in his or her misery. In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism […]
Don’t you hate it when your own words come back to bite you in the butt? Back in Febuary 2009 President Obama told Today Show host Matt Lauer that he’d be a one-term president if he didn’t fix the economy in three years. “I will be held accountable,” Obama said. “I’ve got four years and […]
Thanks to Obama and another fiscal disaster, each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy. Hohman […]
“Not Counted by Obama” Discouraged Workers are Responsible for Reducing the Unemployment Rate, Not Job Creation. Friday’s farcical unemployment report has a lot of people scratching their heads. It’s a farce not because of how the rate is calculated, but because the media and the Obama administration are presenting the report as some sort of indication that […]
By Stephen Lendman Chosen to serve power, not popular interests, Obama wrecked America’s economy to save giant Wall Street banks. He’s still doing it, despite claiming he’s been out in front doing all he can. By bailing out too-big-to-fail banks and waging multiple imperial wars, he intensified social misery. As a result, Main Street is […]
Congressman’s son lobbied for failing solar panel company by Neil W. McCabe A photovoltaic solar panel ranch similar to the California Solar Valley Ranch under construction by SunPower in the state’s San Luis Obispo County. The $1.2 billion loan guarantee to support the project was finalized in hours before the loan program expired Sept. 30. […]
There is a growing risk that the global economy will move from the ‘Great Recession’ into the ‘Great Stagnation’, according to economists at Goldman Sachs. By Angela Monaghan, Stagnations typically mean long periods of sluggish growth of about 0.5pc, low inflation, rising and sticky unemployment, stagnant house prices, and lower returns on shares, they said. […]
President Barack Obama’s recently unveiled $447 billion job-creating bill is “a complete joke” and won’t work because the economy needs less spending not more, says Marc Faber, editor of the Gloom, Boom and Doom report. The package is “another complete failure of Keynesian economics and corrupt interventions,” Faber tells CNBC.com. “This all amid talk of […]
Two days ago Obama spoke about creating jobs in the United States spending more taxpayer money on unproven plans. What he did not mention is the the United States is negotiating one of the biggest free trade agreements in history and there is barely a peep about it on the new anywhere. In 1996, Ross […]
(TheEconomicCollapse) Most of the worst financial panics in history have happened in the fall. Just recall what happened in 1929, 1987 and 2008. Well, September 2011 is about to begin and there are all kinds of signs that the financial world is about to hit the big red panic button. Wave after wave of bad […]
