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Following on the heels of a very positive report from the Federal Reserve, economists are now saying that a recovery is near: Leading indicators show recession bottoming out. WASHINGTON (MarketWatch) — The U.S. recession is bottoming out and a recovery is near, economists for the Conference Board said Monday ...
A new Federal Reserve survey just released says that 11 out of 12 economic regions are either “stabilizing” or “improving” — indicating that the recession is over.
Can you say, “massive, overweening chutzpah?” With 14 million Americans still out of work, Congress is seeking $550 million for eight new aircraft that would increase the fleet the Air Force uses to ferry senators and representatives to war zones such as Iraq and Afghanistan as well less dangerous ...
Congress, Stimulus, Economy, Private Jets, Spendthrift, Hypocrisy, Corruption
[Video]
Onion, Humor, Congress, Politicians, Economy, Gold, recession, Coup, Video
Here’s the list of eligible clunkers, as Congress pumps $2 billion more into the program: Full List Of Disqualified Cars Under Cash For Clunkers Refresh.
Drudge Report has a big headline up, suggesting that the government spent over a million dollars to buy one 2 pound sliced ham. Fail. The references to “2 pound frozen ham sliced” are to the sizes of the packaging. Press reports suggesting that the Recovery Act spent $1.191 million ...
An interesting graph of American spending habits (click the image for a larger version). (Via Sociological Images.)
Andrew Malcolm reports that the Obama administration has quietly dropped “creating jobs” as the criteria for that $3.4-billion Energy Department project.
Barack Obama, Economy, Financial Crisis, Department of Energy, Stimulus, unemployment
When Sen. John Cornyn took the stage at the July 4th Tea Party in Austin, Texas, he was booed and called a “traitor” and “the problem,” because he voted for the Wall Street bailout last year. [Video] UPDATE at 7/6/09 11:03:20 am: Apparently, at the tea party in Washington DC ...
Tea Party, Protest, Demonstration, Economy, July 4th, Independence Day, John Cornyn
Regular readers probably know that I’m not the biggest fan of the “tea party” demonstrations, but I was surprised to see so little media coverage of the July 4th events. Here’s a thread to discuss the implications...
Tea Party, Protest, Demonstration, Economy, July 4th, Independence Day
The crazy uncle’s influence on US conservative politics is definitely increasing. CQ Politics reports on growing GOP support for Ron Paul’s ‘Audit the Fed’ Bill. He may have faded from the national political scene a year ago, after his dark-horse presidential run came to naught, but ...
Ron Paul, GOP, Economy, Federal Reserve, Campaign for Liberty, Paleolibertarian
Wall Street scoundrel Bernie Madoff has been sentenced to 150 years in prison for perpetrating one of the biggest financial frauds in history. NEW YORK – Convicted swindler Bernard Madoff was sentenced to 150 years in prison Monday for fraud so extensive that the judge said he needed to ...
[Video] By the way, you can automatically download your own copies of the Onion’s videos for free, through the podcast section of the iTunes Store. Here’s the URL.
Hey, I don’t see why this wouldn’t work. [Video]
Onion, Humor, Congress, Politicians, Economy, Gold, recession
Here’s a thread to discuss President Obama’s news conference, now beginning ... UPDATE at 6/23/09 10:12:31 am: Here are Obama’s opening remarks on Iran, for the record: The United States and the international community have been appalled and outraged by the threats, beatings, and imprisonments of the last few ...
The Onion has footage of a visibly shaken Barack Obama emerging from a “town hall meeting” at Denny’s. [Video]
A small piece of good economic news: WASHINGTON – President Barack Obama is complimenting banks that are reimbursing taxpayers to the tune of $68 billion in federal bailout assistance.
Economy, Finance, Business, Financial Crisis, Banking Industry, Barack Obama
Instantly classic video blogging from the Hawk del Iowa. [Video]
Economy, Budget, Nancy Pelosi, Congress, Auto Industry, Humor, Iowahawk
BusinessWeek analyzes Sonia Sotomayor’s record, and concludes that she’s A Moderate on Business Issues. Federal Appellate Judge Sonia Sotomayor, nominated May 26 by President Barack Obama to the U.S. Supreme Court, has earned a centrist reputation in business cases: In 1995, she sided with Major League Baseball players in ...
Have no fear, your credit problems are over: Obama Signs Credit Card Bill. (CBS/ AP) President Barack Obama warned overeager shoppers and greedy credit card companies alike on Friday to act responsibly as he signed into law a bill designed to protect debt-ridden consumers from surprise charges. The White ...
Economy, Finance, Business, Financial Crisis, Credit, Credit Card, Barack Obama
Following the ignoble defeat of every budget measure he tried to push, Arnold Schwarzenegger has announced that California’s top elected officials will get a salary cut of 18%. In ... uh ... seven months. Nice to see the Governator springing into action to handle the emergency. Schwarzenegger and other ...
All of Arnold Schwarzenegger’s proposed budget measures and tax increases for California were shot down in flames yesterday, and now the question is: how will California dig itself out of its fiscal hole? Federal bail-out time? Well, he may have had a grand day in D.C. schmoozing with the ...
California’s going out of business! Everything must go! Unbelievable deals available on San Quentin State Prison, the L.A. Coliseum, and the Orange County Fairgrounds! Don’t miss this once in a lifetime opportunity!