Thomas R. Eddlem
All of official Washington and their media lapdogs are shaking in fear of the so-called “fiscal cliff” that is looming January 1, counseling that the economy needs to continue its wild trillion-dollar deficit spending habits into the indefinite future.
President Obama's Treasury Secretary Timothy Geithner has embraced the “Buzz Lightyear” debt strategy to overcome the fiscal crisis known as the “fiscal cliff”: to infinity and beyond. Geithner told host Al Hunt on Bloomberg TV's Political Capital on November 16 that he favors elimination of the statutory debt limit.
The party numbers are pretty much the same, but the congressional Democrats are far more liberal, and the Republicans are much closer to traditional constitutionalism.
U.S. Navy Veteran Donald Vance and fellow FBI informant Nathan Ertel are not entitled to sue their U.S. government torturers, the U.S. Court of Appeals for the Seventh District ruled November 9. Both Vance and Ertel are native-born U.S. citizens.
As private contractors in Iraq in 2006, Vance and Ertel witnessed U.S. soldiers trading bullets for alcohol, and volunteered to become FBI undercover informants to stop the leak of weapons to the Taliban. But while in Iraq, the two men found that their cover had been blown, and were “rescued” by the U.S. military. But the U.S. military then arrested them, and threw them in Camp Cropper in Iraq, where they were tortured.
Libertarian-leaning Republican Congressman Ron Paul lost his bid for the Republican presidential nomination earlier this year, but a number of his acolytes ran for Congress as Republicans and won November 6. Is Congress the real location of the growing “Ron Paul revolution”?
President Obama was reelected by the Electoral College after Tuesday's election, also winning the popular vote by around 2.6 million votes. Democrats will keep control of the U.S. Senate, and Republicans keep control of the House of Representatives.
Federal Reserve Bank of Boston President and CEO Eric S. Rosengren told a Babson College audience November 1 he favored the Federal Reserve continuing QE3 policies at least until unemployment falls below the 7.25 percent marker, even if the policies fail to stop another recessionary spike in unemployment.
Oregon liberal Congressman Peter DeFazio has long posed as a congressional champion of political campaign “reform,” but faced with his first serious reelection effort in more than a decade, the desperate 13-term incumbent Democrat's official campaign has jettisoned political transparency — and federal law — by putting up billboards that pose as his rival, Access to Energy publisher and Republican nominee Dr. Art Robinson.
Erin Burnett took only four minutes on October 23 to destroy the Obama administration's claim that the President's budget plan would eliminate $4 trillion in deficit spending over the next decade, a CNN television segment that sent the Obama campaign into damage control mode for the past week.
President Barack Obama and former Massachusetts Governor Mitt Romney engaged in a nationally televised foreign policy debate Monday, October 22, and agreed to continue aggressive American military involvement around the world.