No Image

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 […]

No Image

Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Crisis

May 3, 2010 Politisite 0

Here is a political move, Blame Bush.  Speaker of the House Nancy Pelosi is back to the Blame Bush tactics just months from the Congressional Primaries.  Now Pelosi says President Bush barred officials from briefing Congress on the impending financial crisis. Why haven’t we heard this before?  You really mean Pelosi had no idea that she was spending too much money and that sub-prime mortgages were a problem?  Can we […]