There is an instinctive conclusion among the American public that President Obama’s stimulus package has failed to create a sustained recovery. Unemployment has increased, not declined; consumers have retrenched; housing starts have crashed along with mortgage applications; and there is a fear that a double-dip recession may very well be in the pipeline. The public [...]

Finance bill favors interests of unions, activists GOP cries foul about its focus ASSOCIATED PRESS Senate banking committee member Bob Corker says the new consumer agency has “absolutely nothing – zero – to do with the financial crisis.”   The financial reform bill expected to clear Congress this week is chock-full of provisions that have [...]

Federal Reserve Chairman Ben Bernanke says he’s a bit puzzled by surging gold prices. The 30% rally from a year ago, on top of gains in previous years, might be interpreted as a loud signal from markets that big inflation pressures are building in the U.S. Gold is seen by many investors as a hedge [...]

Check out the debt clock here:  http://www.usdebtclock.org/. That’s $117,982 for each tax payer… pony up

Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Just two of the nuggets from one [...]