Forty-four percent of Republicans agree that armed revolution may be necessary to protect American liberties, according to a gun control poll conducted by Farleigh Dickinson University (pdf).
Eighteen percent of Democrats and 27 percent of independents agree that Americans may need to take up arms against their government, the study’s authors found.
The study also found a stark contrast between Democrats and Republicans’ views on gun control legislation. While 73 percent of [...]
The mainstream media is not telling you this, but the truth is that most Americans are steadily getting poorer. The middle class is being absolutely eviscerated, and poverty is soaring to unprecedented heights. The fact that 90 percent of the population is constantly sliding downhill is not good for our society. The United States is supposed to be a land of opportunity with a vibrant free market system that enables average [...]
U.S. sees highest poverty spike since the 1960s, leaving 50 million Americans poor as government cuts billions in spending… so does that mean there’s no way out?
The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor.
It comes at a time when government spending cuts of $85 billion have kicked in after feuding Democrats [...]
Meanwhile, the fight between Democrats and Republicans over how to address the nation’s fiscal health continues even after a week of meetings between President Barack Obama and Republicans on Capitol Hill, Boehner said. The House speaker also said he “absolutely” trusts President Barack Obama — not that they don’t have their differences.
Boehner noted that the two have a good relationship and that they’re “open with each other . . . [...]
From Liberty Blitzkrieg:
Dear Mr. President:
In response to partial release of the Department of Justice memos describing the underlying legal justifications for the targeted killings of American citizens and others in the course of counterterrorism operations, we are writing to emphasize Congress’ vital oversight role in these matters. Every American has the right to know the underlying legal rationale that ensures due process.
Authorizing the killing of American citizens and others has [...]
Stocks sell off as worries on Italy, sequester intensify
NEW YORK (MarketWatch) — U.S. stocks fell on Monday, with the S&P 500 extending losses after its first weekly drop this year, as political issues, both domestically and abroad, weighed.
Equities declined as investors looked to the March 1 deadline for U.S. lawmakers to reach a deal to avert automatic spending cuts, known as sequestration, as well as the results from [...]
…A fiscal impasse between Democrats and Republicans is a far bigger short-term threat to the US economy than a slower pace of quantitative easing or the withdrawal of monetary stimulus at some point in the future. The danger is that a failure to reach agreement will trigger across the board spending cuts under the sequestration agreement reached between the White House and Capitol Hill in the summer of 2011.
The combination [...]
Michael A. Gayed: Retailers look increasingly vulnerable
Yes, the Dow is over 14,000. Yes it sure feels like a bull market. Yes, the argument for the “Great Re-Allocation” out of bonds and into stocks is a powerful narrative and one that I believe is a longer-term theme for markets. Yes, I have been early in calling for a decline.
No, I am not changing my call for a correction based on [...]
President Obama predicted Thursday that if Democrats pursue an ambitious agenda, House Minority Leader Nancy Pelosi (D-Calif.) will soon have the speaker’s gavel back.
“It won’t be smooth, it won’t be simple, there will be frustrations, there will be times when you guys will be mad at me, and I’ll occasionally read about it.” he said. But if they keep focused, he said, ”I would expect that Nancy Pelosi is going [...]
WASHINGTON—The Pentagon is preparing to notify its entire civilian workforce to prepare for furloughs if Congress and President Barack Obama are unable to reach a deal before Jan. 2 to avert automatic spending cuts.
A senior defense official said Sunday that the Pentagon would notify 800,000 civilian workers to brace for furloughs in the new year, meaning the workers would be ordered to take mandatory leave without pay for a certain [...]
December 10, 2012
The US economy is sluggish with fears of a new recession. The Democrats and Republicans once more cannot agree on what to do about the alleged “fiscal cliff” that threatens to further unravel the economy, even as analysts say that the whole notion of going over the “cliff “ has been fabricated by the right to force more cuts in social benefits.
Consumer confidence is dipping in this [...]
Bloomberg TV’s Julianna Goldman spoke with President Obama today to discuss the fiscal cliff and his efforts to compromise with Republican leaders. In a lengthy interview in the Map Room of the White House, President Obama told Goldman that he is willing to make further cuts in entitlements, but insists that Republicans accept higher tax rates for top earners in the US. “It’s just a matter of math.”
Listen to top Democrats and Republicans talk on camera, and it sounds like they could not be further apart on a year-end tax-and-spending deal — a down payment on a $4 trillion grand bargain.
But behind the scenes, top officials who have been involved in the talks for many months say the contours of a deal — including the size of tax hikes and spending cuts it will most likely contain [...]
Wonder why markets keep going lower?
Is there wiggle room in fiscal cliff negotiations?
Both sides of the aisle have taken hardline stance on higher tax rates for wealthy Americans. So, is there any wiggle room in the negotiations to avoid the fiscal cliff? Wyatt Andrews reports.
Boehner: Obama “has to lead” on taxes, immigration
Bruce Krasting: President Obama Has Drawn A Dangerous Line In The Sand
So both Boehner and Obama have done their post election [...]
Former house majority leader Gephardt warns of a possible 2,000-point drop in market within the next few weeks with bad news coming out from congress
There is some risk that the public could hear some “histrionics” from Democrats and Republicans playing to their bases as Congress works on spending cuts and tax reform, all of which could severely unsettle the markets, the former House majority leader said Wednesday.
“If it looks like [...]
The ability of the Fed to credibly make promises about future monetary policy would be threatened by a change in control of the White House because of the widely different monetary views of Democrats and Republicans. If policy is quickly reversed, it will call into question the ability of the Fed to use forward guidance as a policy tool again in the future. Read more
(NaturalNews) In a recent speech to an audience focused on the state of politics and the U.S. media, a Fox News contributor and former Democratic pollster lambasted the Fourth Estate for its lack of journalistic integrity and, in his words, an “overwhelming bias” that he sees as contributing to the demise of the country.
Patrick Caddell, in his Sept. 21 speech to attendees of the “Obamanation: A Day of Truth” conference hosted by [...]
The owner of a Florida pizza shop says people are boycotting his business because he bear-hugged President Barack Obama on Sunday.
“People are saying a lot of bad things and boycotting my restaurant,” Scott Van Duzer, 46, told POLITICO. “There’s no middle line anymore, and that’s exactly what’s wrong with our country right now.”
The owner of Big Apple Pizza & Pasta Restaurant in Fort Pierce, Fla., said that both Democrats and Republicans are [...]
Governor Christie delivers the keynote address at the GOP Convention.
“The Federal government needs to learn to say ‘no’…”
As convention speeches go, this is outstanding.
Christie is a much better candidate than Romney. It’s not even close. If the goal is to get to balanced budgets (or near) within 5 years, he’s the guy. He tells the truth about entitlement and deficit issues, which is rare. And he has a proven track record of cutting [...]
It was a rare show of bipartisanship — President Barack Obama, flanked by Democrats and Republicans in April, signing into law a bill that would ban insider trading on Capitol Hill. The measure, known as the STOCK Act, had passed the House and Senate in warp speed.
“The powerful shouldn’t get to create one set of rules for themselves and another set of rules for everybody else,” the president said at [...]
From The Big Picture:
“For the economy and financial markets, the stakes in the coming presidential election are vastly lower than nearly everyone is making them out to be.”
-Mike Santoli, Barron’s
Earlier this month, I was on a cruise in the Baltic Sea with Forbes where I gave a presentation on Behavioral Economics & Neurofinance.
Prior to that event, we were having dinner onboard with a table of HNW investors. One of the women at the [...]
A month after revealing a multi-billion trading loss, JPMorgan Chase CEO Jamie Dimon is in the hot seat on Capitol Hill. Dimon, who was once dubbed President Obama’s favorite banker, is expected to get grilled by both Democrats and Republicans on the Senate Banking Committee.
In prepared testimony released by JPMorgan (JPM) Tuesday night, the outspoken Dimon stressed that the incident was “an isolated event” and that overall, JPMorgan remains “solidly profitable” in [...]
When I was growing up in the 1960s and 1970s, the legacy of the Great Depression was everywhere: Dams, bridges, roads, airports, courthouses and even picnic areas and hiking trails. Leaders of that dire time — Democrats and Republicans — took advantage of the Depression to put millions of Americans back to work, building the infrastructure that we still rely on today.
They had lemons, and they made lemonade.
(Excerpt) Read more [...]
GOP leadership in the House of Representatives announcedthat legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July. Honest-money advocates and pro-transparency activists celebrated the news as a historic opportunity to rein in the central bank, which has come under heavy fire — especially in recent years — for debasing the U.S. dollar, manipulating [...]
TRENTON, N.J. (AP) — Democrats and Republicans on the Assembly Judiciary Committee have found common ground on a bill decriminalizing possession of up to a half ounce of marijuana, voting unanimously on Monday to forward it to the full chamber.
The committee’s 5 Democrats and 2 Republicans heard almost uniformly supportive testimony for about an hour before the vote.
If passed by both houses of the Legislature and signed into law by the governor, the measure would downgrade [...]
I did it cause I wanted to know if there were cycles to the stock market. I think that it could be useful in possibly determining when to cash out of the stock market or when to buy stocks. Based on the data below (and assuming this recession has ended by 2010) I would expect another recession between 2015 and 2017.
Number of years between recessions in the US:
Great Depression Ends: [...]
(CBS News) Republicans on the House Oversight Committee were to take the first formal step Thursday toward contempt proceedings against Attorney General Eric Holder over the Fast and Furious “gunwalking” operation, CBS News has learned.
The case for a citation declaring Holder in contempt will be laid out in a briefing paper and 48-page draft citation distributed to Democrats and Republicans on the committee. CBS News has obtained copies of both [...]
U.S. House Speaker John Boehner said President Barack Obama is “diminishing the presidency by picking fake fights” as he seeks re-election.
Boehner, an Ohio Republican, cited as examples the president’s recent campaign to freezeinterest rates on student loans, to set a minimum tax on income more than $1 million, and to curb manipulation in the oil markets.
“The point I’ve been trying to make here in the last couple of weeks is that the president’s [...]
Bill Gross of PIMCO spoke to Bloomberg TV’s Trish Regan this afternoon and said that he is doubtful of another round of quantitative easing in June, but “if we see some weak employment reports over the next two months, then QE3 is back on.” He also said that there’s a risk of a double-dip recession “if liquidity disappears.”
Gross went on to say that “euro land is a dysfunctional family…more dysfunctional [...]
Supreme Court seems to endorse Arizona’s controversial immigration law
Rulings likely to carry on into June
Positive ruling could potentially damage Obama’s re-election campaign
The U.S. Supreme Court appeared to endorse Arizona’s immigration crackdown on Wednesday, rejecting the Obama administration stance that the federal government has sole power over those who illegally enter the United States.
Justices suggested by their questions and comments that states have significant latitude to adopt laws that discourage illegal [...]