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Money & The Economy

News on Finance, Money, markets and the economy

Obama campaign cites Chinese propaganda machine against Romney

Politico reported that the Obama campaign is using material from a Communist Chinese agency known to be the government’s propaganda outlet in order to attack presidential candidate Mitt Romney. In a Friday tweet, Obama deputy campaign manager Stephanie Cutter cited the official state news agency of the Chinese Communist Party — prompting a Republican pile-on. Cutter linked to a Reuters report about a ...

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Dollar slides ahead of Fed meeting outcome

The Federal Open Market Committee (FOMC), the monetary policy-making body of the Federal Reserve, is meeting for the second time in so many days to determine what actions, if any, to take to help America’s flagging economy. Ben Bernanke and the Federal Reserve are largely anticipated to institute another round of Quantitative Easing (QE3) as a means to stimulating the ...

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Economic indicators drop – global economy to slow

The Organization for Economic Cooperation and Development released a report today showing that the economy will slow in coming months for all but two of its developed member nations. 34 nations are included in the OECD membership and all but the U.K. and Brazil are showing signs of economic slowdown. The OECDs lead indicator dropped to 100.2 in July from ...

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QE3: Seriously?

Quantitative Easing is simply the introduction of money into the economy by a central bank. It has been done twice during the current recession with no positive effects and Ben Bernanke’s Federal Reserve seems ready to launch version three – often referred to as QE3. QE1 QE1 launched on November 25th, 2008 with a Federal Reserve initiated purchase of $500 ...

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Retirement Planning at 40-Something – Halftime of the Big Game

LUBBOCK, Texas, Sept. 11, 2012  — If you started retirement planning early in your career, it’s good news by the time you hit your 40s. But for those 40-somethings just thinking about retirement – it’s like halftime in a football game. Since football season is upon us, we’ll use the gridiron analogy. Let’s face it; working in your 40s really ...

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Under Obama, U.S. Economy Slips – First to Seventh in just three years

As voters begin to choose the next President of the United States, a firm reminder of Obama’s failure to run the world’s most prosperous economy came to light. From 2009 to 2012, the U.S. economy has gone from frist place to seventh – the entire slip occurred under President Obama’s leadership. A report released by the World Economic Forum today ...

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Not ‘Two Decades’ After All… Lilly Ledbetter Deceived DNC, Knew Of Her Pay Disparity Since 1992

This is an update on my previous post on Lilly Ledbetter.   It appears that not only is she ignoring Senate Democrats who pay their female staffers less, but her claim that for “two decades” she didn’t know she was being shortchanged is patently false.  Hans Bader, Senior Attorney at the Competitive Enterprise Institute, emailed me his piece on Lilly Ledbetter’s speech – ...

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Obama Needs to Stop Saying ‘I Am GM, Hear Me Roar’

If I have to hear left-wingers touting the “success” of the auto bailout one more time, I might as well toss a chair through my window.  It’s patently false to say that the auto bailout was a success.  Furthermore, it was more of an United Auto Workers union bailout than it was for the auto industry.  As Amy Payne of Heritage ...

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Why the Federal Debt and Deficit Matter

In 2007 while he was campaigning for President, Barack Obama called George W. Bush irresponsible and un-patriotic for adding $4,000,000,000,000.00 to the US debt during his eight years in office. President Obama was correct in his estimation. That has not prevented him, however, from increasing the debt by $5,000,000,000,000.00 in less than half the time it took George W. Bush. ...

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Is Facebook Too Big To Fail?

With an initial public offering of $38.00 a share, a high of $45.25 a share, and a low of $18.75 per share, Facebook’s stock has been as rocky as a soap opera love affair. Today’s trading shows the current price per share is $19.44. However, with this slide, comes the calls for the company’s CEO and majority stock holder Mark ...

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Obama SuperPAC Paid 169K to Promote Romney Cancer Ad Online

Monday afternoon when President Obama made a surprise visit in front of the press, he was asked about a now infamous ad from a pro-Obama SuperPAC that links Mitt Romney to the death of a woman with cancer. When asked about the ad, Obama tried to downplay the severity of the accusation by saying, “it ran once.” “I don’t think ...

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Debunking 5 Paul Ryan Myths

When Mitt Romney chose Rep. Paul Ryan to be his running mate nine days ago, he forced Democrats to engage in serious intellectual debate in the coming weeks and months, rather than demagoguing which has been the main practice of the Obama/Biden campaign as of yet. Well, that’s what one would have thought, because, well, conventional wisdom says so. However, ...

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Solyndra Lives On–As Modern Art

Remember Solyndra? Shortly after taking more than $500MILLION taxpayer dollars (approved by Team Obama) they filed for bankruptcy? All that taxpayer money down the drain because nobody bought the company and few showed up for the bankruptcy auction. End of story? No. Following the auction in January remaining employees were spotted trashing crate upon crate of the glass tubes used ...

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Paul Ryan Has Proved to be a Great Addition to the Republican Ticket

The addition of Paul Ryan to the Republican ticket has sure proved to be a great decision by Mitt Romney and his campaign. Since the announcement just six days ago, ‘America’s Comeback Team’ has produced states like these: Online Fundraising Donations: 124,800+ Amount: $10,157,947 Average Donation: $81 % New Donors: 68% Site Traffic Total: 2,000,000 Desktop: 1,560,000 Mobile: 440,000 Mitt ...

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Can You Blame Them? The French Flee…75% Tax Rate

The rich are fleeing France.  Can you blame them?  Newly elected president Francois Hollande is proposing a massive, immoral, and unfair tax rate of 75% on the wealthy to help keep France’s bloated welfare state alive.  However, what’s wrong with taxing anyone making above $1 million dollars a year?  First, the wealthy, also known and the job creating and investing ...

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