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With Economy in a Slump, Obama Lives it up all week

September 12, 2010 politisite 0

President Barack Obama and First Lady Michelle Obama have a packed social schedule this week, with two major galas and a reception for college athletes. On Monday evening, the President will welcome collegiate star athletes to the White House for a reception at 5:45 p.m. The annual event, first held by former President George W. Bush, recognizes outstanding student athletes in more than a dozen sports, including field-hockey, lacrosse, and […]

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50 Members of Congress fortunes grew to $1.4 Billion while Americans Lose Jobs, Homes

August 31, 2010 politisite 0

They call DC “the Cocoon” for Good Reason, while Americans suffer high unemployment, Home foreclosures, and financial ruin, Members on the Hill fortunes continue to clime at unprecedented rates of return. The top Fifty members of congress are worth almost 1.4 Billion. We wonder if the Stimulus was directed more toward themselves than toward the average American. Here to hoping for 30 percent unemployment for Congress in November!

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Federal Reserve: Dim View as High Unemployment will continue past 2012

July 14, 2010 politisite 0

Members of the Federal Reserve lowered their expectations for economic growth and raised their projections of the nation’s unemployment rate, cautioning for the first time in recent memory that the low employment rate “over the next several years… would likely be below levels they consider to be consistent” with their mandate to maximize employment, according to meeting minutes released Wednesday. The Fed is required by law to pursue policies that […]

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Schwarzenegger says TEA Party will Terminate when economy improves

February 24, 2010 politisite 0

Ready to take advise from a Governor who has been a major failure in California?  He says the TeaParty movement will fade when the economy returns.  He may have forgotten a couple of the Teaparty tenants:  Small Government, strong national defense, no bail outs for publicly traded companies,  Arny it’s a bit more than economic trendlines.  This from The Swamp. The “TEA Party,” that anti-tax, anti big-government movement of people […]