Latest Articles: Economy
George W. Bush doesn't deserve the media's efforts at rehabilitation
Billy Jack Haynes – Retired Professional Wrestler – Speaks Out – Drug Running And Hit Jobs For The Clintons.
FOX News Cuts Off Reporter When She Links Psychotropic Drugs to Florida Shooter
17-Year-Old Says 'I Could Buy an AR-15,' Gets Arrested
Trump’s Budget Proposal Reinstates ObamaCare Bailouts
Senate Issues Failing Dairy Industry $1 Billion Handout (Gov Cheeze Welfare)
Innocent 84yo Grandmother Assaulted by Police as They Did a Welfare Check on Her Neighbor
Preachers Jailed for Talking About Christianity Without Getting Police Permission First
American flag was ripped from a flagpole, desecrated, slashed and replaced with ISIS flag at UTAH high school
What the SpaceX Success Means for the Moon, Mars, and More
Tucker Carlson: Indicted Russians Were Facebook Trolls
Student who survived Parkland school shooting: ‘We were told the police would do a fake code red, with fake guns’
The Trump Presidency: A Repeat Of G.W. Bush?
House Freedom Caucus Is On the Warpath Again
Over 98% of mass shootings occurred on gun-free zones, research shows
25 Disturbing Facts About Refugee Resettlements from Somalia
13 Russian nationals indicted for interfering in US elections
Mueller Accuses 13 Russians of Aiding Trump
Tearful Jimmy Kimmel Pops off on Trump: ‘You’re Obviously Mentally Ill’
Trump Talked About 'Big Black Dick' and Offended Playboy Model
Immigrant rights activists block Homeland Security van from accessing Metropolitan Detention Center
Nazi Germany’s (and America’s) Drug War
In 3 Years, Cops Have Killed 450% More Citizens Than 4 Decades of Mass Shootings COMBINED
With McCain’s retreat, some turn to Romney to carry his torch
Family Members Say Florida School Shooter Was On Antidepressants for Emotional Issues
Students Report Multiple Shooters & Mass Shooting Drill at Florida High School
Grassley Says He Wants to Discuss Gun Legislation After Massacre
A Million Dollars a Minute
Hmm: FBI warned about Parkland school shooter...but couldn’t ID him?
Shooting at N.S.A. Headquarters Leaves Several Injured
Thoughts & Prayers... and NRA Funding...
Christian parents lose custody of daughter after refusing to support her ‘transition’ to male
Dim-witted Cops Look Like Clowns Bragging About Dozens of Raids for Entirely LEGAL Hemp CBD
Dead Male Prostitute, Piles of Meth Found in Clinton Mega-Donor’s Home—NO ARRESTS
One Pentagon Agency Lost Track of $800 Million—But Now We're Spending Even More on Defense
Drama on the House floor from the Freedom Caucus
Meet the most powerful man in the House
Trilateral conspirators out in the open—and Donald Trump
House Conservatives [Freedom Caucus] Revolt Over Immigration
Freedom Caucus Fires Fresh Warning Shots to Ryan on Immigration ‘Consequences’
Rand Paul tried to do his job, and got the wrath of the Senate in exchange
NSA shooting: Several injured as vehicle crashes at gate
Should this be a required first day video for any new student in economics?
Delaware students can now choose their own race. This should end well
17 killed in shooting at high school in Parkland, Florida, authorities say
Politico/Morning Consult: Republicans take first lead on generic ballot
Evolution or Creation Science?
Sony Apologizes for Weaponizing a Food Allergy in "Peter Rabbit", Because We Live in Stupid Times
Fake news sharing in US is a rightwing thing
Trump’s New Budget Plan Is a Fiscal Disaster
KEENAN: Rand Paul Is Wrong About The Deficit
Post Date: 2018-02-13 07:40:30 by Gatlin
Study the chart below, math whizzes: 2% growth: $1.2T deficit 3% growth: $900B deficit 4% growth: $600B deficit 5% growth: $300B deficit 6% growth: $0 deficit, balanced budget 1% economic growth = $300 Billion of federal revenue. Let me be the first to say it, the new spending measure by Trump & the GOP may BALANCE THE BUDGET. Rand Paul kept the Senate wide awake on Thursday night, grandstanding to lament what he called a $1.2 Trillion annual deficit predicted by this new bi-partisan spending measure. But who predicts the deficit? The CBO. The CBO has based its revenue projection off their usual static scoring, presuming a pessimistic 2% growth (apparently for the upcoming ...
The discreet terror of the American bourgeoisie
Post Date: 2018-02-10 07:22:20 by A Pole
Elites thought they could have it both ways: capital gains and moral certainty [ A product of privilege himself, Luce is an unlikely rebel. The Oxford-educated FT writer is the son of Margaret Thatchers former minister Baron Richard Luce (also the former Lord Chamberlain). While his paternal grandfather was Sir William Luce, once the Governor of Aden (now in Yemen) and his maternal great-grandfather was Sir Trevylyan Napier, a one-time chief of the British Navy in the West Indies. But, then again, perhaps his background helps Luce to realize when the elite has gone too far. ] [...] What will Americas elites see when they look inwards? The first will be the shock of ...
White House Issues Statement On Today's Historic Market Crash (Dow Plunges Almost 1200 Points)
Post Date: 2018-02-05 18:59:38 by hondo68
Today, the Dow Jones suffered (including the plunge after hours) its biggest point crash in history, turning negative for the year, which for a president who takes particular delight in every uptick in the market, was terrible news. So, as many expected, the White House issued a statement after the close, commenting on today's market crash. Predictably, there was little commentary of the "day to day" moves, and instead Trump deflected by pointing out that he is now focusing on the economy's "long-term fundamentals" instead. Full statement below: "The Presidents focus is on our long-term economic fundamentals, which remain exceptionally strong, with ...
Success: EPA set to reduce staff 50% in Trump's first term
Post Date: 2018-01-10 03:05:17 by Tooconservative
The Environmental Protection Agency, seen by President Trump as a bloated bureaucratic whale, is on schedule to fulfill his promise to reduce its staff nearly in half by the end of his first term mostly through retirements, not cuts, according to officials. The EPA Tuesday provided to Secrets its first year staff results which show that the agency is below levels not seen since former President Reagans administration. And if just those slated to retire by early 2021 leave, Administrator Scott Pruitt and his team will have reduced a staff of nearly 15,000, to below 8,000, or a reduction of 47 percent. Were proud to report that were reducing the size of government, ...
The States' Unfunded Pension Nightmares
Post Date: 2017-12-30 10:56:24 by Tooconservative
Pensions: The stock market boom has helped everyone, right? Nope. States' pension funds have nearly $4 trillion of stock investments, but somehow haven't benefited from soaring stock prices. A new report by the American Legislative Exchange Council (ALEC) shows why this is true. It notes that the unfunded liabilities of state and local pension plans jumped $433 billion in the last year to more than $6 trillion. Let that number sink in for a moment: It's one-third the size of the U.S. economy, equal to "a whopping $18,676 for every man, woman, and child, or nearly $50,000 for every household in America," as The Daily Signal notes. It's a massive amount of money, in ...
Trump’s direction is a road to ruin
Post Date: 2017-11-13 10:23:02 by Willie Green
Mention Kansas and peoples minds turn to Dorothy, Toto and the yellow brick road.That view almost always turns on the technicolour version of The Wizard of Oz. Not the black, white, dusty and generally unforgiving opening (and closing) shots of Kansas.Beyond that, however, it would be difficult for anyone outside of the US (and even outside of the mid-west) to name anything of note about the Sunflower State.But for the past five years Kansas has also been the centre of an important tax change.And the proponents of that change have been left with a lot of egg all over their faces.In 2010, the good people of Kansas elected Republican Sam Brownback as the states governor.His aim ...
You’re Better Off in a State With a Higher Income Tax
Post Date: 2017-10-28 11:07:31 by Willie Green
The Higher the Better, Says 2017 StudySupply-side economics isnt delivering. Many lawmakers in Congress and in statehouses around the country peddle the same supply-side theory about income taxes: the lower the tax, the more the economy will grow. But new research from the Institute on Taxation and Economic Policy reveals this economic approach is failing to deliver in the states. In fact, states with higher income taxes outperformed states with no income tax. My colleagues and I compared the economic track record of the states that have charted the most radically different courses with their income tax policies, or lack thereof. Specifically, we examined economic growth in the nine ...
Donald Trump: King of Deregulation?
Post Date: 2017-10-24 12:37:50 by Tooconservative
In a speech on October 11 promoting his tax-reform plan, Donald Trump spoke rosily of Americas economic revival, crediting himself for having cleared the way for growth. Since January of this year, we have slashed job-killing red tape all across our economy, the president said. We have stopped or eliminated more regulations in the last eight months than any president has done during an entire term. Its not even close. It seemed a characteristic bit of Trumpian magniloquencehes not only a boffo deregulator, hes the best ever! Still, it was a remarkable claim. Trump has overseen more deregulation than George W. Bush or Ronald ...
EPA Chief Scott Pruit To Repeal Obama’s Global Warming Rule
Post Date: 2017-10-09 15:34:53 by Tooconservative
Environmental Protection Agency (EPA) Administrator Scott Pruitt announced he would sign a proposed rule to repeal the centerpiece of former President Barack Obamas plan to fight global warming. Pruitt announced his intention to withdraw the Clean Power Plan (CPP) to applause from a crowd gathered at a mining event on Monday. EPA has been working to repeal the CPP for months. @EPAScottPruitt: Tomorrow, Ill be a signing a proposed rule to withdraw the so-called Clean Power Plan of the past administration. pic.twitter.com/6hjvfkoX5d Fox News (@FoxNews) October 9, 2017 The Obama administration finalized the CPP in 2015, which aims to cut carbon dioxide ...
A Conservative Tax Hike [ending state-tax deductions]
Post Date: 2017-10-01 22:13:25 by Tooconservative
President Donald Trumps tax-reform plan is in total a very expansive steaming pile of irresponsibility and the presidents argument that it will lead to sustained 6 percent economic growth is pure fantasy but it does have one attractive provision: raising taxes on blue-state progressives. The plan would eliminate the deductibility of state and local income taxes for federal tax purposes. In the highest bracket, Californians are paying 13.3 percent in state income taxes, and that money comes off the top when those high-earning Silicon Valley types are calculating federal taxes. In New York City, the Wall Street guys are paying 8.82 percent to the state and another ...
John McCain comes out against GOP's last-ditch Obamacare repeal bill
Post Date: 2017-09-22 15:12:24 by Jameson
Sen. John McCain announced Friday that he opposes the Republicans' last-ditch Obamacare repeal effort, which could almost nearly kill the bill. The Arizona Republican released a statement about the bill, proposed by Sens. Bill Cassidy, R-Louisiana and Lindsey Graham, R-South Carolina, which would repeal Obamacare's structure and replace it with block grants for states and it would roll back the 2010 health care law's Medicaid expansion.
How Price Gouging Helped My Family during a Storm
Post Date: 2017-09-07 10:24:54 by hondo68
I was grateful for Walmart because by raising its price for milk it thwarted the greedy customers who, without consideration for others, snatch up two and three gallons. Two years ago, Raleigh, North Carolina, was expecting a severe ice storm and some minor accumulation of snow. For those living in the Northeast that is just a typical Tuesday. But for those of us living in North Carolina, it is a reason to go into full panic. The Price of Milk So I decided to leave work a few hours early in order to beat the storm. Before leaving, however, my wife texted me and asked if I could stop on my way home and pick up some milk. By raising the price of milk, Walmart gave people proper incentive to ...
1:02:12 How to Get a Loan - Real Estate Investing Made Simple
Post Date: 2017-08-07 17:52:06 by A K A Stone
Cannabis company buys entire California town to create marijuana tourist destination
Post Date: 2017-08-04 19:12:58 by hondo68
© Google maps A 100-year-old ghost town founded during the California Gold Rush is being modernized for the green rush after a cannabis company purchased all the land, buildings and businesses for $5 million. On Thursday, American Green, a marijuana technology company, announced they purchased a small town in San Bernardino County with the intention of turning it into the the country's first energy-independent, cannabis-friendly hospitality destination.Read more Colorado weed sales top $100mn for 12th consecutive month "The Cannabis Revolution that's going on here in the US, has the power to completely revitalize communities in the same way gold ...
Rick Perry on supply and demand economics: Supply it, then demand will follow
Post Date: 2017-07-06 19:01:44 by Willie Green
Secretary of Energy Rick Perry sparked disbelief on Twitter Thursday after he tried to offer an economics lesson while touring a coal plant in West Virginia. "Here's a little economics lesson: supply and demand. You put the supply out there and the demand will follow," Perry said, responding to a question about a shale gas boom in comments captured by S&P Global Market Intelligence reporter Taylor Kuykendall. "The market will decide which of these they're going to pick and choose," Perry continued at Longview Power Plant. "I mean, that's really pretty simple. All too often, you have in the last eight years, you have an administration ...
Report: Steve Bannon wants to raise federal income taxes on the rich
Post Date: 2017-07-03 18:33:54 by Tooconservative
A companion piece to Andrews post this morning about the diminishing appetite among Republicans for tax cuts unto death. The mystery in Bannons case is why hes pushing this knowing that Paul Ryans going to vomit when he hears about it and the conservative, tax-cutting House Republicans caucus will quickly dismiss it out of hand. Maybe thats the point. Steve Bannon is causing a stir inside the administration by pushing an idea thats anathema to most Republicans: raising taxes on the wealthiest Americans to pay for steep middle and working-class tax cuts. (Some officials whove heard Bannons idea think its crazy, but the Presidents ...
China's JAC Motors unveils first vehicles assembled in Mexico
Post Date: 2017-07-01 21:21:34 by Anthem
JAC Motors of China has presented the first two SUVs manufactured in Mexico. It happened after JAC signed an alliance with Giant Motors Latin America and the Inbursa financial group, owned by Mexican magnate Carlos Slim, which represents an investment of around 4.4 billion pesos (236 million U.S. dollars). "It is significant for us to see our company enter the North America market, where Mexico plays an important and strategic role. We want to use this to gradually update our products and position the brand in a mature market with potential niche," David Zhang, deputy director-general of JAC International, told Xinhua on Tuesday. The vehicles are being manufactured at a plant ...
Trump Tax Plan Eyes Cut to Deduction for High-Tax States
Post Date: 2017-05-16 11:57:44 by Tooconservative
President Donald Trumps tax plan, a broad and general plan that would make supply-siders such as Ronald Reagan and Jack Kemp very happy, could be held up by a number of details that are making some Republicans nervous. One is the elimination of an income-tax deduction for high-tax states such as New York and California. Former President Ronald Reagan targeted that deduction in the 1980s the last time significant tax reform was passed but a number of influential big-state Republicans helped kill the idea. Tax reform passed anyway, first with the Kemp-Roth tax-cut package, in 1981, and then the Tax Reform Act, in 1986. They were massive reforms, and no major fix for ...
OPEC to U.S.: Please produce less oil for the ‘prosperity of the world economy’
Post Date: 2017-05-11 23:49:30 by Tooconservative
OPEC, the oil cartel really cares about the world. Thats the message of a new monthly report issued Thursday. OPEC says what the world needs now is a bit less supply on the global oil market. In particular, they would really appreciate it if the United States would stop producing so much damn oil
for the good of the world of course. From CNN Money: The report said that balancing the market would require the collective efforts of all oil producers and should be done not only for the benefit of the individual countries, but also for the general prosperity of the world economy. OPEC said that one producer in particular is to blame: The U.S., where shale ...
Sorry America, Your Taxes Aren’t High
Post Date: 2017-04-12 09:04:46 by Willie Green
But if you disagree, think about moving to Chile or New Zealand. Americans generally feel theyre being over-taxed, especially around this time of the year. Even their president agrees:With lower taxes on Americas middle class and businesses, we will see a new surge of economic growth and development, Donald Trump said this month, expanding on an earlier promise to cut Uncle Sams bill massively. But the reality is that the average U.S. worker pays quite a bit less than he would elsewhere in the developed world. And whats more, this has been the case for a long time. The Organization for Economic Cooperation and Development analyzed how 35 ...
Amazing: US Debt Decreased by More Than $60 Billion Since Trump Inauguration
Post Date: 2017-03-12 16:28:05 by 3-Dee
Amazing: US Debt Decreased by More Than $60 Billion Since Trump Inauguration Jim Hoft Mar 10th, 2017 8:27 am 596 Comments Guest post by Joe Hoft The US debt reduced by more than $60 Billion since the Trump Inauguration! On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On March 8th, more than a month later, the US Debt load stood at $19,879 billion. Trump has cut the US Debt burden by $68 billion and 0.3% in since his inauguration! By comparison, under President Obama, the US Debt burden increased by more than $320 billion after his inauguration through March 8th 2009. Obama increased the US Debt by 3.1% during this time period and signed the ...
US adds 235,000 jobs, unemployment rate falls to 4.7%
Post Date: 2017-03-10 10:03:46 by Justified
The February jobs report is out and its a beat. In February, the U.S. economy added 235,000 jobs and the unemployment rate fell to 4.7%. Economists were looking for payrolls to rise by 200,000 with the unemployment rate dropping to 4.7%. Earnings figures in February were also positive with average hourly earnings rising 0.2% over the prior month and 2.8% over the prior year. Januarys earnings figures were also revised up to show wages grew 2.8% over last year, more than the 2.5% that had been reported. This report, as markets had expected, likely clears the way for a rate hike from the Federal Reserve next week. Elsewhere in the report, we saw the labor force participation ...
MacGuineas: U.S. Faces $14 Trillion Deficit in 10 Years as Interest Is ‘Single Fastest-Growing Part of the Budget’
Post Date: 2017-02-28 21:13:30 by cranky
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discussed with Breitbart News Daily SiriusXM host Alex Marlow the serious nature of current and future budget issues facing the nation. We are on track if we do nothing over the next ten years doing nothing, passing no laws we will borrow nine trillion dollars, said MacGuineas on Tuesdays show. She also pointed out that as of now, Trumps current plans based upon his campaign rhetoric would add another five trillion dollars to the deficit. Our debt is already at record levels, she added. Its about seventy-seven percent of GDP, and we will borrow ...
The End Of A 100 Year Global Debt Super Cycle Is Way Overdue
Post Date: 2017-02-28 08:07:56 by U don't know me
March 2017: The End Of A 100 Year Global Debt Super Cycle Is Way Overdue By Michael Snyder, on February 27th, 2017 Global Debt Super Cycle - Public DomainFor more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history. Never before have we seen such a level of debt saturation all over the planet, and pretty much everyone understands that this is going to end very, very badly at some point. The only real question is when it will happen. Many believe that the current global debt super cycle began when the Federal Reserve was established in 1913. Central banks are designed to create debt, and since 1913 the U.S. ...
Stockman: "After March 15 Everything Will Grind To A Halt"
Post Date: 2017-02-27 10:09:09 by cranky
Two weeks after David Stockman warned that "the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that's going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history" and exclaimed that, when looking at markets, "what's going on today is complete insanity" he is back with another interview, this time with Greg Hunter of USAWatchdog in which he, once again warns, that a giant fiscal bloodbatch is coming soon, and urges listeners to pay especially close attention to the March 15, 2017 debt ceiling deadling, at which point everything could "grind to a ...
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