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... 

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... 

‪ All I can say is: AMEN!! Small Businesswoman to Obama: Apologize for Economy‬‏ – YouTube.  Read More →

United States of America Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating. We have also removed both the short- and long-term ratings from CreditWatch negative. The... 

Rep. Ron Paul on Monday introduced legislation that would lower the federal government’s debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve. Paul has argued for the last few weeks that the idea represents a quick way to make the growing fiscal crisis more manageable. Under his bill, H.R. 2768, the $1.6 trillion that the Treasury owes to the Federal Reserve would... 

Cutting the U.S. deficit by some $4 trillion over 10 years would be a good start, but more savings would be needed over time to bring the country’s finances under control, ratings agency Standard & Poor’s said on Thursday. John Chambers, the chairman of S&P’s sovereign ratings committee, said deficit cuts of that magnitude “would signal the seriousness of policymakers to address... 

President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. “I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it,”... 

RINO Republicans (like Newt Gingrich), Democrats, and the JournoList media have been demagoguing and spewing blatant falsehoods about Paul Ryan’s budget, which includes necessary entitlement reform.  In the weeks since Paul Ryan unveiled his budget plan, the aforementioned groups have worked tirelessly to forge a meme in the public psyche that Paul Ryan wants to kill Grandma, while simultaneously... 

It’s a topsy-turvy world. “Anarchists” protest cuts in government spending, while “socialists” live in the lap of luxury, including $3,000-a-night Manhattan hotel suites, working, in at least one celebrated case, to impose corporatist-flavored “neoliberalism” on the troubled countries of the world. The sex scandal involving the just-departed International Monetary Fund director... 

YouTube – Dick Morris Reports: The IMF Takes Over Our Economy.  Read More →