So when Mr. Raines says that “the cause of the financial problems for Fannie and Freddie was bad decisions, not their government sponsored status,” well, let’s just say he’s not telling the whole story. via Rewriting Fannie Mae History – WSJ.com.
2008 Meltdown
CBO: The Long-Term Budget Outlook
Measured relative to GDP, almost all of the projected growth in federal spending other than interest payments on the debt stems from the three largest entitlement programs—Medicare, Medicaid, and Social Security. via Director’s Blog » Blog Archive » The Long-Term Budget Outlook.
We The People Stimulus Package
YouTube – We The People Stimulus Package.
Foreclosures at record high in first half 2009 despite aid – Yahoo! News
U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated. Foreclosure filings jumped to a record 1.9 million on more than 1.5 million properties in the first six months of the year, RealtyTrac said on Thursday. The number...
Democrats want to impose “surtax” to finance health care – WSJ.com
A new study by the Kaufman Foundation finds that small business entrepreneurs have led America out of its last seven post-World War II recessions. They also generate about two of every three new jobs during a recovery. The more the Obama Democrats reveal of their policies, the more it’s clear that they prize income...
Average length of unemployment highest since 1948. – WSJ.com
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the...
YouTube – How The Democrats Caused The Financial Crisis: Starring Bill Clinton’s HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter
YouTube – How The Democrats Caused The Financial Crisis: Starring Bill Clinton’s HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter.
Get Ready for Inflation and Higher Interest Rates – WSJ.com
It’s difficult to estimate the magnitude of the inflationary and interest-rate consequences of the Fed’s actions because, frankly, we haven’t ever seen anything like this in the U.S. To date what’s happened is potentially far more inflationary than were the monetary policies of the 1970s, when the prime interest rate peaked at 21.5% and...
Barney Frank Accused of Fannie Mae Conflict of Interest
Important to remember, lest we forget. Barney Frank (D) and Chris Dodd (D) shoulder more blame than ANY. FOXNews.com – Lawmaker Accused of Fannie Mae Conflict of Interest
