Market crash robs $2.3 trillion from investors – USA Today

The stock market rout is starting to get really expensive — destroying $2.3 trillion from the market’s top last year and $1.5 trillion in net wealth just this year. The giant companies that predominantly populate the Standard & Poor’s 500 have fallen an average of 8.9% this year — which, when translated into dollars, is real money. […]

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GOP Sells America Down the River – RushLimbaugh.com

BEGIN TRANSCRIPT RUSH: The country was just sold down the river again by your very Republican Party. I have a headline here from the Washington Times:  “White House Declares Total Victory Over GOP in Budget Battle.” That headline’s a misnomer.  There was never a battle.  None of this was opposed.  The Republican Party didn’t stand […]

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In Republican Debate, Candidates Battle Sharply on Immigration – The New York Times

MILWAUKEE — After weeks of personal sniping, the Republican presidential candidates clashed sharply over immigration and other policies in their debate here on Tuesday, with Gov. John Kasich of Ohio and former Gov. Jeb Bush of Florida trying to energize their campaigns by heaping scorn on Donald J. Trump’s plan to deport unauthorized immigrants. In […]

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Obama expected to reject Keystone XL pipeline – Politico

The long-awaited decision is a huge loss for the oil industry, the Canadian government and Republicans in Congress. President Barack Obama is poised to reject the Keystone XL oil pipeline, handing a major victory to green activists in the defining environmental controversy of the president’s tenure. Obama is scheduled to give a statement at 11:45 […]

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Hillary Clinton opposes trade deal she promoted as secretary of state – The American Thinker

Hillary Clinton announced yesterday that she opposed the trans-Pacific trade deal completed last week, flip-flopping her position on the agreement that she heavily promoted as secretary of state. Washington Post: The now-united opposition from the Democratic presidential field leaves Obama in the uncomfortable position of watching a Democratic presidential debate next week in which none […]

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Job creation misses big in September – CNBC

The U.S. economy created 142,000 jobs in September, a number that missed expectations and could cool expectations that the Federal Reserve will start raising interest rates soon. Unemployment held at 5.1 percent, according to the Labor Department. A separate member that includes those who are working part-time for economic reasons or have not looked for […]

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Great fall of China sinks world stocks, dollar tumbles – Reuters

LONDON (Reuters) – Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors. European stocks were almost 3 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to 3-year […]

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Climate change: Obama orders steeper cuts from power plants – CNSNews

WASHINGTON (AP) — Aiming to jolt the rest of the world to action, President Barack Obama moved ahead Sunday with even tougher greenhouse gas cuts on American power plants, setting up a certain confrontation in the courts with energy producers and Republican-led states. In finalizing the unprecedented pollution controls, Obama was installing the core of […]

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HILLARY’S ‘PROGRESSIVE’ DEMISE – The American Spectator

Under her deathly leadership a term loses all meaning and direction. Barack Obama is the most “Progressive” of recent, and perhaps of all, American presidents. Indeed he is the only recent Democratic president rightly characterized as “Progressive” rather than just liberal. But with massive increases in government debt and food stamp use, declines in labor […]

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What does the Greek vote mean for the US? – American Thinker

The immediate effects in the United States of the “no” vote cast by Greek voters in the referendum on the EU bailout will likely be limited – at first. American banks hold little Greek debt, so the contagion of a Greek exit from the euro would be negligible. But the Dow Jones could be in […]

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Republican presidential candidate Carly Fiorina winning over skeptics – LA Times

When it was Carly Fiorina’s turn to take the stage at a presidential forum in Oklahoma City, Noah Wolff was thinking of heading outside for a break. “I thought of all the people, why is she here?” said Wolff, 19, a registered Republican and political science major at the University of Oklahoma. But as Fiorina […]

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Greek Banks And Stock Exchange In Shutdown – Sky News

Banks in Greece and the country’s stock exchange will be shut all week in a sign of the deepening financial crisis. The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms. Under the controls, there will be a daily €60 limit on withdrawals from cash […]

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Today is the big vote on Obamatrade – American Thinker

Today’s Senate cloture vote is the last and best chance for conservatives to stop Obamatrade.  Just 41 Senate votes against cloture would stop it in its tracks.  During previous votes, the Republican leadership had enough votes sewed up.  Not this time. Opposition has been growing.  The first time Obamatrade was voted upon in the House, […]

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Unions Hate Fast-Track So Much, Even Worker Protections Are Worth Sacrificing – The Daily Caller

Unions are praising House Democrats for killing a program meant to help workers negatively impacted by international trade Friday in an effort to damage another measure that could grant President Barack Obama unilateral trade powers. “In rejecting the Trade Adjustment Assistance (TAA) portion of the trade package this afternoon, a resounding bipartisan majority of lawmakers […]

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Alabama delegation could decide whether ‘ObamaTrade’ passes or not, here’s why – Yellowhammer

All eyes will be on the Alabama Congressional delegation Friday as the U.S. House votes on whether or not to grant President Obama Trade Promotion Authority (TPA), or “fast track authority” to enter into international trade agreements that Congress will not be able to amend. Conservatives like Sen. Jeff Sessions (R-Ala.) and Richard Shelby (R-Ala.) […]

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CARLY TO OBAMA: ‘DEVIL IS IN THE DETAILS,’ RELEASE OBAMATRADE TEXT NOW – Breitbart.com

Carly Fiorina, the former Hewlett-Packard CEO and 2016 Republican presidential candidate, is calling on President Barack Obama to publicly release the text of Obamatrade immediately. “Of course, I support free and fair trade,” Fiorina said in an email to Breitbart News. But President Obama has made lofty promises before and we’ve learned with this White […]

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LBJ and Obama: Champions of Abject Poverty Read – The American Spectator

Trillions later the liberal problem isn’t Fox News by: Jeffrey Lord Lyndon Johnson was adamant. The Great Society would cure poverty. In a 1964 campaign stop in Pittsburgh, Pennsylvania he said this: So here’s the Great Society. It’s the time — and it’s going to be soon — when nobody in this country is poor. […]

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Trains, Blame, and Infrastructure – American Thinker

Not more than a few days after the tragic Amtrak train wreck, the predictable caterwauling about Republicans and infrastructure is loud and clear. Lead by the NY Times, a tragic event is now a campaign issue. “One Day After Wreck, Increased Funding for Amtrak Fails in a House Panel” claimed the NY Times this week. […]

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Hawaii’s $205 Million Obamacare Exchange Implodes – Americans for Tax Reform

Despite over $205 million in federal taxpayer funding, Hawaii’s Obamacare exchange website will soon shut down.  Since its implementation, the exchange has somehow failed to become financially viable because of lower than expected Obamacare enrollment figures. With the state legislature rejecting a $28 million bailout, the website will now be unable to operate past this […]

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The Trans-Pacific Partnership suggests Obama has no sense of irony – The Guardian

Last week, the president, who claims he’s running the most transparent administration in history, went on the record saying there’s nothing secret in the Trans-Pacific Partnership (TPP), as he asked Congress for special authority to “fast track” the agreement. Today, President Obama will give another speech defending the TPP from critics who say the deal is […]

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Obama’s ‘record-breaking’ economy – American Thinker

Corporate profits are sky-high, Wall Street is on an historic winning streak – and President Obama must be extremely grateful that commentary about his framework nuclear deal with Iran sucked up all the media oxygen so that the terrible jobs report that came out on Friday was largely ignored. Zero Hedge gives us the macro […]

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Strong dollar is a signal of a major market event rate hike – Business Insider

The dollar is set for its strongest quarterly strengthening since 1992, according to Bank of America, a good sign that a rate hike is around the corner. When markets expect that US interest rates will be hiked, it typically strengthens the dollar. That’s because people rush to change other currencies into dollars — they can […]

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Obama Vetoes Keystone Pipeline – Conn Carroll

President Obama vetoed legislation authorizing construction of the Keystone Pipeline Tuesday without any ceremony or photographers on hand. “Through this bill, the United States Congress attempts to circumvent longstanding and proven processes for determining whether or not and operating a cross-border pipeline serves the national interest,” Obama’s official veto statement read. The “longstanding and proven” process Obama referred […]

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To Win, GOP Needs A Strong Message About Economic Growth – Investors.com

Mitt Romney showed once again that he is truly a class act. In his announcement that he will not be running for president in 2016, he stated: “I believe that one of our next generation of Republican leaders, one who may not be as well-known as I am today, one who has not yet taken […]

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Obama is the main obstacle to economic growth | Human Events

WASHINGTON — No matter what President Obama said about the state of our union Tuesday night, the economy’s prognosis is not good. Who says so? A hefty majority of the American people in a new Washington Post/ABC News poll that sought their opinion about the economy’s health. Roughly six in 10 said it was “not […]

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Obama has worst State of the Union record since Ford, study shows – Washington Times

Judging by his recent history, it doesn’t really matter what President Obama says in Tuesday’s State of the Union address — Congress is going to ignore him anyway. Mr. Obama has the second-worst record of getting his State of the Union policy requests enacted into law of any president in the last five decades, according […]

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American Thinker: Obama to propose tax increases of $320 billion over 10 years

Obama aides previewing the president’s State of the Union speech say that the administration plans to close “loopholes” in the tax system and charge a fee to big banks to curb risky borrowing. The tax increase package would total $320 billion over the next decade. The president then plans to take that money and give […]

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Opec leader vows not to cut oil output even if price hits $20 – FT.com

Opec will not cut production even if the price of oil falls to $20 a barrel, the cartel’s de facto leader said, spelling out a dramatic policy shift that will have far-reaching implications for the global energy industry. In an unusually frank interview, Ali al-Naimi, the Saudi oil minister, tore up Opec’s traditional strategy of […]

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California pushes to expand immigrant health care | CNS News

SACRAMENTO, Calif. (AP) — President Barack Obama’s executive order to spare some immigrants from deportation has galvanized Democrats, immigration groups and health care advocates in California to push for expanding health coverage to a segment of the population that remains uninsured. The president’s action excludes immigrants who came to the country illegally from qualifying for […]

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Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt | CNS News

The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover […]

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A Referendum on Competence | National Review Online

Is this election really about nothing? Democrats might like to think so, but it’s not. First, like all U.S. elections, it’s about the economy. The effect of the weakest recovery in two generations is reflected in President Obama’s 13-point underwater ratings for his handling of the economy. Moreover, here is a president who proclaims the […]

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American Thinker: President Doofus

Doofus is an unusual but appropriate appellation for President Barack Hussein Obama. What Is A Doofus? “Doofus” is slang referring to a boob, for which the thesaurus lists the following synonyms — idiot, nitwit, dunce, fathead, fool, goof, goon, imbecile, jerk. Some might argue that these synonyms may be inapplicable. Perhaps, but a diminishing percentage would argue […]

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CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years | CNS News

(CNSNews.com) – The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the […]

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$2.66T: Tax Revenues for FY14 Hit Record Through August; Gov’t Still Runs $589B Deficit | CNS News

(CNSNews.com) – Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for the first 11 months of the fiscal year this August, but the federal government still ran a $589,185,000,000 deficit during that time, according to the latest Monthly Treasury Statement. Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate […]

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Governor Nixon sends the National Guard to Ferguson | Human Events

Those with long historical memories can savor a bit of irony that the current governor of Missouri is named “Nixon,” and he’s sending in the National Guard to quell the riots in Ferguson.  Once upon a time, the “counter-culture” held the President of the United States accountable when the governor of a state called out […]

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Texas A&M Economists Show Cash For Clunkers Was Epic Debacle | The Daily Caller

“Cash for Clunkers,” the 2009 Obama administration stimulus program designed to spend $2.85 billion to jumpstart the auto industry, turned out to be a complete disaster — for the auto industry. In the minds of Obama’s team of advisers and economists, the program made total sense, of course. The plan was to dangle a $4,500 credit […]

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$7,060,259,674,497.51–Federal Debt Up $7 Trillion Under Obama | CNS News

(CNSNews.com) – The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president. That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt […]

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American Thinker: Perry Playing Well in Iowa

Rick Perry evidently is running for president and is on the campaign trail in Iowa for the 2016 GOP nomination. According to the Des Moines Register, he is getting a good response. An animated Rick Perry yanked the microphone from the podium and paced the stage, leaning into his words as told Iowans tonight that […]

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Obamacare subsidies push cost of health law above projections – Los Angeles Times

The large subsidies for health insurance that helped fuel the successful drive to sign up some 8 million Americans for coverage under the Affordable Care Act may push the cost of the law considerably above current projections, a new federal report indicates. Nearly 9 in 10 Americans who bought health coverage on the federal government’s […]

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Carson on ‘Sluggish’ U.S. Economy: ‘We Have Asinine Economic Policies’ | CNS News

(CNSNews.com) – Author and retired pediatric neurosurgeon Ben Carson said at a National Press Club luncheon that the reason for the “sluggish growth” of the U.S. economy is because of bad policy. “And why do we have such sluggish growth?” Carson said on Wednesday in Washington, D.C. “Because we have asinine economic policies.” Carson, who […]

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Vladimir Putin Pivots to Asia | National Review Online

On Wednesday, it finally happened — the pivot to Asia. No, not the United States. It was Russia that turned East. In Shanghai, Russian president Vladimir Putin and Chinese president Xi Jinping signed a spectacular energy deal — $400 billion of Siberian natural gas to be exported to China over 30 years. This is huge. […]

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10,996,447: Disability Beneficiaries Hit New Record | CNS News

(CNSNews.com) – The total number of disability beneficiaries in the United States rose from 10,981,423 in March to 10,996,447 in April, setting a new all-time record, according to newly released data from the Social Security Administration. The number of Americans receiving disability benefits continues to exceed the populations of Greece, Tunisia and Portugal, and is […]

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Total Number of Government Jobs Lost Due to Sequestration: One – Daniel Doherty

The automatic spending cuts known as “sequestration” took effect last year, an idea first proposed by the Obama White House (and subsequently supported by Republicans), and signed into law as part of the Budget Control Act of 2011. The idea behind sequestration was to temporarily raise the debt ceiling in exchange for automatic spending cuts […]

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Big Downside to April Jobs Report | Fox Business

The Federal Reserve saw this coming. The jobs report released Friday by the U.S. Department of Labor revealed that 288,000 jobs were created in April, the biggest gain in more than two years, and that the headline unemployment rate dropped 0.4 percentage points to 6.3%, the lowest level in 5½ years. Great news, right? Not […]

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GDP up Only 0.1 Percent, Bodes Poorly for Jobs Creation

The Commerce Department reported GDP grew at a disappointing 0.1 percent annual rate in the first quarter, less than 2.6 and 4.1 percent recorded the prior two periods. Overall, it appears 2014 may not be the breakout year President Obama and many Wall Street forecasters predicted, boding poorly for jobs creation. A colder than normal […]

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Both at Home and Abroad, Obama’s Presidency is Floundering – Donald Lambro

WASHINGTON — Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more […]

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U.S. sees sharpest health insurance premium increases | The Daily Caller

Americans have recently been hit with some of the largest premium increases in years, according to a Morgan Stanley survey of insurance brokers. The investment bank’s April survey of 148 brokers found that this quarter, the average premium increase for customers renewing an insurance plan is 12 percent in the small group market and 11 […]

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Young Invincibles Obamacare raffle for math-deficient | The Daily Caller

An advocacy group that claims to represent the interests of Americans aged 18 to 34 is raffling off a cash prize of $1,200 in an effort to spur people in the ostensibly youthful age cohort to sign up for government-mandated health insurance before the March 31 enrollment deadline. The advocacy group is Young Invincibles, a […]

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American Thinker: Economy adds 175,000 jobs in February

The US economy added 175,000 jobs in February according to the latest data from the Labor Department. The official unemployment rate ticked up to 6.7% from 6’6% in January. Fox: The U.S. economy added 175,000 jobs in February, more than anticipated despite brutal weather conditions across much of the U.S., with the unemployment rate ticking […]

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Obamacare subsidies for people who don’t have Obamacare | The Daily Caller

The Obama administration announced Thursday that states with faulty Obamacare enrollment websites will be able to “retroactively” give taxpayer subsidies to people who signed up for private insurance plans off the Obamacare exchanges. The administration’s executive decision to make Obamacare tax credits, which count as subsidies, available to non-Obamacare customers was slammed Friday by House Energy […]

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