More serious than Watergate ‘because 4 Americans did in fact die’
Former Arkansas governor and onetime presidential candidate Mike Huckabee made the bold prediction this week, ahead of a House hearing Wednesday that will feature witnesses of the attack.
“I believe that before it’s all over, this president will not fill out his full term,” he said. “I know that puts me on a limb. But this is not minor. It wasn’t [...]
by Chriss Street, Testosterone Pit.com:
When the dreaded sequester took effect on March 1st, the only immediate economic pain federal workers suffered was canceling White House tours eliminated Secret Service over-time. But over the last two weeks, the dirty little secrets about expected higher taxing and higher spending are pouring out of Washington D.C. As the Congress finishes work on the stop-gap budget to avoid a March 27th shut down and fund the government [...]
There were a lot of taxes in The Affordable Care Act that Nancy Pelosi famously said “we have to pass the bill so that we can find out what’s in it.” The American Enterprise Institute has tracked some of the taxes enacted on the medical and pharmaceutical industries, and they are expected to raise billions — in the short term. However, those costs still have to be paid, and consumers [...]
Think about that. 80% of the new revenues that the government will collect as a result of the fiscal cliff deal will go to Obama’s wealthy corporate cronies. I wonder what Obama’s low-information voters, to whom I referred yesterday, would think of that. Brooks, Joe Kernen and the rest of the Squawk Box crew discuss a few other things as well, including how meaningless this fiscal cliff exercise was in terms of actual deficit reduction. Click the image [...]
With President Obama having kicked off debt ceiling negotiations by vowing not to negotiate over the debt ceiling, a new option for paying off the nation’s considerable tab is gaining momentum with cheeky fiscal and monetary wonks.
It goes like this: Should Congress fail to extend the U.S. debt limit – reached again on Dec. 31 – the president could ask the Treasury to begin printing trillion dollar coins (in a process explained [...]
From CNBC: “The government said the total number of jobs employed surged by 873,000, the highest one-month jump in 29 years.”
144 million Americans had jobs in 2008. Only 139 million do today. I guess that 50% of college graduates who can’t find jobs should go to the Labor Dept. They’ve found half a million jobs there in the last month.
They went through previous months’ data and revised each month to [...]
The national unemployment rate dropped to 7.8 per cent in September, edging below eight per cent for the first time in almost four years and handing President Barack Obama’s re-election hopes a potentially major boost.
U.S. Labour Department figures state that employers added 114,000 jobs in September as wages rose and more people started looking for work. In addition, 86,000 more jobs were created in July and August than first estimated.
According to [...]
September 13, 2012
Senator John McCain has used the attack on the U.S. consulate in Libya and the death of ambassador Chris Stevens to call for resurgent American exceptionalism in the Middle East.
Obama “does not believe in American exceptionalism” and Romney “has all the right instincts,” McCain said, reflecting his opinion that Romney’s neocon advisers need to run U.S. foreign policy.
McCain said there is “a belief in the Middle East that the United [...]
Lowest workforce participation rate since September 1981
Jobless rate drops to 8.1 per cent but only because workforce shrinks
President Barack Obama knew of figures before big speech
Just 96,000 American jobs were added in August in a bleak monthly jobs report as 368,000 left the workforce, bringing labour market participation down to its lowest level for 31 years and dealing a blow to President Barack Obama’s re-election chances.
The national unemployment rate dropped [...]
August 30, 2012
Jamie Fly has taken a parting shot at Ron Paul. In an article posted on the online version of theNational Review – a magazine that has lost about $25 million over 50 years – Fly criticizes an obligatory GOP tribute and send-off following months of sabotage.
“Instead of honoring Paul on the way out, the delegates in Tampa should be cheering his departure. He has left a legacy of [...]
WASHINGTON — In the run-up to the war in Iraq, neoconservative hawks in and out of the Bush administration promised that the U.S. invasion would quickly transform that country into a strong ally, a model Arab democracy and a major oil producer that would lower world prices, even while paying for its own reconstruction.
“A new regime in Iraq would serve as a dramatic and inspiring example of freedom for other [...]
Constantine von Hoffman
July 11, 2012
Even though the National Security Agency has more money than it knows what to do with, NSA boss and Army Gen. Keith B. Alexander recently hit the hustings to try and scare up more funding.
In a speech at the American Enterprise Institute, Gen. Alexander pretty much said that everything in the nation–possibly even puppies and kittens–is at risk from cyber attacks.
To start, Gen. A., who also heads the [...]
Summary: The director of the National Security Agency (NSA) has called cybercrime “the greatest transfer of wealth in history.” As such, he urged politicians and the American population in general to support cybersecurity legislation being pushed through Congress.
At an American Enterprise Institute (AEI) event on Monday called “Cybersecurity and American power,” U.S. Army Gen. Keith B. Alexander called cybercrime “the greatest transfer of wealth in history.” The director of the [...]
Wednesday, Deputy Secretary of Defense Ashton Cartergave a talk to the American Enterprise Institute, the conservative think tank that develops an immense amount of defense policy in D.C.
While he was there and speaking to a room full of defense insiders, wonks, academics and professionals, Carter opened up about the future of the Department of Defense, specifically what’s getting the axe with recent budget cuts, which branches are getting slimmed, where the [...]
‘It’s Even Worse Than It Looks: How the American Constitutional System Collided With The New Politics of Extremism’ by Thomas E. Mann and Norman J. Ornstein
By Robert G. Kaiser, Monday, April 30, 4:49 PM
Reading this book is a little like quaffing a double espresso on an empty stomach — it’s a jolt. For this reader it was a welcome jolt. Others will find it less palatable.
Thomas E. Mann and Norman [...]
GSEs Held $2 Trillion in Subprime Loans at Height of Financial Crisis
“according to Edward Pinto of the American Enterprise Institute”
NYTimes answering that:
An Inconvenient Truth - Over at the conservative American Enterprise Institute, two resident scholars, Peter Wallison and Edward Pinto, have concocted what has since become a Republican meme: namely, that Fannie Mae and Freddie Mac were ground zero for the entire crisis, leading the private sector off the cliff with [...]
December 15, 2011
Richard Perle, aka the Prince of Darkness, is back. “I am willing to accuse Iran of building nuclear weapons,” Perle told RT on Wednesday. “I do not think there is any question about it,” despite the fact there is no definitive evidence Iran is using its nuclear energy program to build weapons.
Perle is one of the main masterminds behind the invasion of Iraq that killed over a million [...]
Republican presidential candidates take on national defense, the economy, international relations and terrorism issues in the CNN Republican National Security Debate in Washington, moderated by Wolf Blitzer at 8 p.m. ET Tuesday on CNN, the CNN mobile apps and CNN.com/Live.
Washington (CNN) — The Republican presidential candidates face off Tuesday night just a few blocks from the place they all hope to call home: the White House.
The candidates share the stage [...]
The Bangor Daily News
The “9-9-9” plan that has helped propel businessman Herman Cain to the front of the GOP presidential field would stick many poor and middle-class people with a hefty tax increase while cutting taxes for those at the top, tax analysts say.
The plan would do away with much of the current tax code and impose a 9 percent personal income tax, a [...]
With Congress back in town, the full-scale defense of the Pentagon’s budget is in full swing, with Republican lawmakers – and even, way off in Texas, former defense secretary Robert Gates – warning that the military shouldn’t be forced to make cuts beyond the $400 billion in savings planned over the next 12 years.
This week, Republicans on the House Armed Services Committee released a video, replete with footage [...]
(Reuters) – The United States has a jobs problem and there’s not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it.
In the face of rising risks of a recession that could imperil his re-election chances next year, Democrat Obama wants Congress to extend a payroll tax cut and emergency unemployment benefits that are due to expire in December.
You might want to sit down for this one. As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way. Laurie Goodman, from Amherst Securities, has been tracking the housing market as well as anyone. She just presented her latest findings at the American Enterprise Institute and it [...]
What’s next after QE2? That question will be on everyone’s mind when the Fed’s two-day meeting ends Wednesday and Ben Bernanke holds his second-ever press conference.
What the Fed should do is “raise interest rates and start to reduce excess reserves,” says Carnegie Mellon professor, American Enterprise Institute visiting scholar and Fed historian Allan Meltzer.
Unlike Fed chairman Ben Bernanke, Meltzer believes inflation pressures are rising, citing [...]
NEW YORK (CNNMoney) — So little time. So little clarity. So much at stake.
It’s T minus two weeks until July 1. That’s the chosen deadline for the small bipartisan group of lawmakers negotiating a debt-reduction “framework” to accompany an increase in the country’s debt ceiling.
Even that deadline, however, will make it hard to end the debt ceiling drama by Aug. 2, when the Treasury Department says [...]
AFP – Parts of North Korea are expected to run out of food in less than two months due to a poor harvest even if foreign donors agree to provide assistance, a US relief group said Wednesday.
The United States and South Korea have been cautious over reports of dire food shortages in the North, with some officials suspecting that the communist state is exaggerating the problem [...]
via CBS News:
(CNSNews.com) – House Budget Committee Chairman Congressman Paul Ryan (R-Wisc.) said President Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road.” Whereas the House Republicans’ FY2012 budget, said Ryan, saves Medicare and helps the United States avoid a debt crisis.
“It all comes down to this: Either you fix this problem now where we, [...]
The Battle: How the Fight between Free Enterprise and Big Government Will Shape America’s Future
From the foreword by Newt Gingrich
Arthur C. Brooks has written a book which will take its place with Charles Murrayâ€™s Losing Ground as one of the pivotal books around which American history turned.
From his very first sentences Brooks is outlining a stark and compelling analysis of the crisis of contemporary America.
Brooks begins: â€œAmerica faces a [...]
By MAGGIE HABERMAN
Chris Christie said he knows he could win the White House if he ran for president next year.
The New Jersey governor and GOP rock star made the comments in an interview with the National Review last week while he was in Washington D.C., which was published Tuesday night.
“I have people calling me and saying to me, ‘Let me explain to you how you could [...]
In a time when large and tense demonstrations have become increasingly rare in America, the Wisconsin protests could provide an Egypt-like moment, says Norman Ornstein, a fellow at the nonpartisan American Enterprise Institute in Washington.
“If there’s a big tea party demonstration in Madison, we may see a direct clash, just as we had in the streets of Cairo,” he says.
One protester’s sign at [...]
1)Â U.S. Health Premiums Outstrip Income Gains: Chart of the Day
“In 15 states, health-insurance premiums are the equivalent of at least 20 percent of median household income for people under 65, according to the report. The data comes from the governmentâ€™s Medical Expenditure Panel Survey.
The proportion of U.S. gross domestic product devoted to health care doubled to 18 percent between 1980 and 2009, Schoen said. ”
2) Reinhart [...]
Banking expert Christopher Whalen (hailed by Nouriel Roubini as one of the leading independent analysts of the U.S. banking system) told the American Enterprise Institute that this is the first recession going back at least to the end of the first World War where government assistance has not trickled down to Main Street and ordinary Americans.
Because the banks are keeping the money and not [...]