A World Bank economist is trying to shame the U.S. for being home to one half of the world’s richest people, the so-called 1%. In reality, it’s the world that should be red-faced for not creating wealth as America does. Bank chief economist Branko Milanovic has come out with a book called “The Haves and the Have Nots,” whose purpose seems to be to argue there’s something... 

CFPB is going to be the biggest cluster*@k ever.  They are chomping at the bit to rip companies to shreds. The new head of the Consumer Financial Protection Bureau wasted little time getting to work, using the agency’s new powers to start supervising payday lenders and other firms outside the conventional banking system. The bureau’s main goal will be ensuring that consumer loans, mortgages... 

via The Daily Beast Obama Embraces Signing Statements After Knocking Bush for Using Them Candidate Barack Obama criticized President Bush for using ‘signing statements’ to ignore the will of Congress. But Obama’s done the same thing 20 times since taking office, and his latest effort is rankling lawmakers As a candidate in 2008, Barack Obama promised that if he was elected president he would... 

BACKGROUNDER: In The Past, What Democrats Have Said About Obama’s Unprecedented Recess Appointment Today Obama’s Recess Appointment Would Break 20 Years Of Precedent And Contradict A Brief Issued By The Clinton Justice Department Which “Obama’s Own Deputy Solictor General Cited Last Year.” “ President Obama is under strong pressure from liberals to use his recess-appointment power... 

Article One, section Five of the Constitution states: Neither House, during the Session of Congress, shall, without the Consent of the other, adjourn for more than three days… This presents a problem for President Obama, who claims to have just made a recess appointment when the Senate is not actually in recess. The Constitution says the Senate cannot recess for more than three days without... 

Republican leaders in the House and Senate are blasting President Obama’s move to recess appoint a key nominee as an “unprecedented power grab.” Minority Leader Mitch McConnell (R-Ky.) said the president “arrogantly circumvented the American people” in his effort to recess appoint a key nominee and argued the move ”fundamentally endangers” Congress’s... 

Dear Leader once again circumvents congressional checks and balances.  The Senate is NOT ON RECESS – they have been holding pro forma sessions every few days and are considered to still be in session.  Senate Minority Leader Mitch McConnell and Speaker John Boehner have both released statements that mildly show their disapproval of this, but sadly, no one is going to stop him. In a defiant... 

On Tuesday, December 13 a rally was held near the LBJ Library at the University of Texas, Austin to highlight the attack on election reforms launched inside by U.S. Attorney General Eric Holder. Holder went to Texas to denounce the Lone Star State’s voter ID laws and claimed that simple voter ID laws were somehow discriminatory. Holder ominously claimed that he would use the power of his office... 

A former MF Global employee accused former president William J. Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy. Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee,... 

The European Central Bank (ECB) must pump liquidity into the 17-member financial system to stop a run on bonds and even slap a ceiling on yields to avoid a breakup of the currency zone, says billionaire financier George Soros. Soros writes in a Financial Times column that policymakers should use the European Financial Stability Facility — an emergency assistance fund — to help the European Central...