Jul 9, 2009 3 Comments ›› Erik Wong
Green is not the color to make the bull rage. Is it surprising that red, the color of the Republican party is? Commentary Magazine: Democrats are in a bit of a jam on the stimulus, as many reporters have noticed: “Democrats are all over the map on the stimulus and the possibility of a sequel, and it’s ...
Continue ReadingJul 9, 2009 4 Comments ›› Erik Wong
DETROIT - The path is now clear for General Motors to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market. On Thursday, a judge's order allowing GM to sell most of its assets to a new company went into effect, despite a last-minute ...
Continue ReadingJul 9, 2009 2 Comments ›› Erik Wong
Boston.com: WASHINGTON - Sweeping healthcare legislation working its way through Congress is more than an effort to provide insurance to millions of Americans without coverage. Tucked within is a provision that could provide billions of dollars for walking paths, streetlights, jungle gyms, and even farmers’ markets. The add-ons - characterized as part of a broad effort to ...
Continue ReadingJul 9, 2009 10 Comments ›› Erik Wong
USA Today: WASHINGTON — Billions of dollars in federal aid delivered directly to the local level to help revive the economy have gone overwhelmingly to places that supported President Obama in last year's presidential election. That aid — about $17 billion — is the first piece of the administration's massive stimulus package that can be tracked locally. ...
Continue ReadingJul 9, 2009 2 Comments ›› Erik Wong
NEW YORK (Reuters) - Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake. The revolving door that Citigroup's upper management has become spun again amid intense pressure on Chief ...
Continue ReadingJul 9, 2009 5 Comments ›› Pat Dollard
WASHINGTON -- An income tax surcharge on Americans who achieve the American Dream, and penalties to small businesses who cannot afford to pay employee health care, emerged as the leading options Wednesday night as House Democrats sought ways to pay for health care legislation that President Obama favors, several officials said. As discussed in the ...
Continue ReadingJul 8, 2009 6 Comments ›› Pat Dollard
Attention All Patriots. If you are at all able, please make it down to this event. I know its short notice but please make an effort. Gathering of Eagles Action Alert If you want to help prevent the march to socialized medicine and nationalized healthcare then come join us as we counter the paid ACORN and MOVEON.ORG protesters who are ...
Continue ReadingJul 8, 2009 9 Comments ›› Erik Wong
WASHINGTON (AP) - President Barack Obama promised to fix health care and trim the federal budget deficit, all without raising taxes on anyone but the wealthiest Americans. It's a promise he's already broken and will likely have to break again. Obama and the Democratic-controlled Congress have already increased tobacco taxes—which disproportionately hit the poor—to pay ...
Continue ReadingJul 8, 2009 12 Comments ›› Erik Wong
CBS News: SACRAMENTO ― Seven days after the new fiscal year began, the state of California still appears to be far from a budget solution. Disabled protesters, angry over cuts to vital services, were arrested outside the Capitol on Tuesday; inside, lawmakers bickered about fruits and juices. A war of words developed between Governor Arnold Schwarzenegger and ...
Continue ReadingJul 8, 2009 No Comments ›› Pat Dollard
Should the government be allowed to set your pay? The Left wants to reguate everything you do, including what you choose to eat. Next will be to whom you pray. Isn't it past time to get the government the f- out of your life, and out of your enterprises? ...
Continue ReadingJul 8, 2009 40 Comments ›› Erik Wong
VATICAN CITY - Pope Benedict XVI called Tuesday for a new world financial order guided by ethics and the search for the common good, denouncing the profit-at-all-cost mentality blamed for bringing about the global financial meltdown. In the third encyclical of his pontificate, Benedict pressed for reform of the United Nations and international economic and ...
Continue ReadingJul 7, 2009 1 Comment ›› Erik Wong
Visit msnbc.com for Breaking News, World News, and News about the Economy
Continue ReadingJul 7, 2009 3 Comments ›› Pat Dollard
WASHINGTON - Moving to broaden the scope of the health care overhaul, President Barack Obama threw his support Tuesday behind the creation of a program to help families struggling with long-term care costs. The voluntary insurance program—sponsored by Sen. Edward M. Kennedy, D-Mass.—would pay a modest daily cash benefit of at least $50 that people could ...
Continue ReadingJul 7, 2009 5 Comments ›› Pat Dollard
From a 1934 Chicago Tribune editorial cartoon. H/T Rosecityken
Continue ReadingJul 7, 2009 3 Comments ›› Pat Dollard
Political Punch by Jake Tapper: MOSCOW – The day after he heralded a successful preliminary nuclear disarmament treaty with Russian President Dmitry Medvedev, President Obama today told ABC News in an interview: “There’s Nothing That We Would Have Done Differently†on the Economy Turning to domestic issues, the President said that when Vice President Joe Biden recently told ...
Continue ReadingJul 7, 2009 7 Comments ›› Pat Dollard
Bloomberg: July 7 -- House Ways and Means Committee members are likely to propose a surtax on high-income Americans to help pay for an overhaul of the health-care system, according to people familiar with the plan. The tax would be similar to, yet much smaller than, a surtax proposed in 2007 by Ways and Means Committee Chairman ...
Continue ReadingJul 7, 2009 1 Comment ›› Pat Dollard
Arizona Republic: by George Will California's campaigns introduce candidates not only to the state's voters but to its immensity. In Bakersfield, Meg Whitman, 52, the former CEO of eBay who is campaigning for the 2010 Republican gubernatorial nomination, learned about carrots. In 1968, the Grimm brothers were selling vegetables at a roadside stand in Anaheim. They moved to ...
Continue ReadingJul 6, 2009 9 Comments ›› Pat Dollard
WASHINGTON, July 6 (Reuters) - To fairly divide the climate change fight between rich and poor, a new study suggests basing targets for emission cuts on the number of wealthy people, who are also the biggest greenhouse gas emitters, in a country. Since about half the planet's climate-warming emissions come from less than a billion of ...
Continue ReadingJul 6, 2009 2 Comments ›› Pat Dollard
Listen tonight for the lowdown on the explosive growth of ACTIVE.
Continue ReadingJul 6, 2009 7 Comments ›› Erik Wong
A second stimulus is NOT the answer to a bailout that DIDN'T WORK. Obviously, the answer is to go in another direction and stop blowing money on worthless pork while the country collapses into debt. It's called CONSERVATISM for a reason. ABC: As job losses mount, Democrats are growing impatient about the impact of the massive ...
Continue ReadingJul 6, 2009 3 Comments ›› Erik Wong
Gallup: PRINCETON, NJ -- Despite the results of the 2008 presidential election, Americans, by a 2-to-1 margin, say their political views in recent years have become more conservative rather than more liberal, 39% to 18%, with 42% saying they have not changed. While independents and Democrats most often say their views haven't changed, more members of ...
Continue ReadingJul 6, 2009 6 Comments ›› Erik Wong
RealClearMarkets: The June "Jobs" report issued by the Bureau of Labor Statistics (BLS) on July 2 caused shock and dismay. Payrolls declined by 467,000 jobs, more than the 345,000 lost in May, and much more than the 363,000 that economists had predicted. The only reason that the reported unemployment rate rose by only 0.1 percentage points ...
Continue ReadingJul 6, 2009 3 Comments ›› Erik Wong
LONDON (AP) -- World stock markets and oil prices fell Monday amid concerns that any recovery in the global economy will be a long, hard slog despite some encouraging U.S. economic data. In Europe, the FTSE 100 index of leading British shares closed down 41.37 points, or 1 percent, at 4,194.91, while Germany's DAX declined 56.39 ...
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