Picking out the most disturbing moments of Barack Obama's presidency is kind of like trying to choose the wettest parts of the ocean. Other than his "Even a blind squirrel sometimes gets a nut" moment where he said "yes" when the SEALS asked if they were allowed to kill Osama Bin Laden, his entire presidency has been one long, slow motion bamboo shoot sliding under the country's fingernails.
EU officials are still bickering over how to do a 100 billion euro bank recapitalization when four times that amount is needed.
Barack Obama has pumped job-killing, growth-draining rat poison directly into the veins of our nation's economy. <p>
Today I am going to do something different, openly praise blatant incompetence. I will list my reasons later but first let me sing the praises of sheer incompetence.
When he told us that the low-interest-rate environment would last through mid-2013, Ben Bernanke had his Pontius Pilate moment. He symbolically washed his hands of whatever shall become of the U.S. economy.
Where are we in terms of a really juicy August story in 2011? Credit rating agencies, 10-year bond returns, credit default swaps, and ECB interventions.
The S&P warned the US, now it has warned France. Notice how the rating agencies want austerity. I asked some tough questions before, here is a cream-puff question: Short-term, what will all these austerity measures do to global growth?
Late this week, Standard & Poor's dropped the credit rating for the United States of America for the first time since 1917. While most countries were cautious about the downgrade, China slammed the Unites States' addiction to credit calling for a new world wide reserve currency.
A big week for the unions, with racketeering charges coming for the SEIU. We heard from Illinios Roy, who I think is really just Transport Secretary Ray Lahood in disguise. Plus what week wouldn't be complete without someone comparing Republicans to Hitler?
In the midst of a season that has provided riveting political theater – the budget extension impasse and the impending battle over raising the debt ceiling – a bright ideological line has emerged between the two major political parties. It is not about whether we must reduce our debt (both sides ostensibly agree that we must), but about where those cuts should come from.
America's fragile, high-unemployment, debt-ridden economy is looking shakier than ever, threatening Barack Obama's chances of a second term and boosting support for the GOP's drive to sharply cut government spending.
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