Virginia Right!

With Americans facing the largest tax hike in U.S. history and the Pentagon facing defense cuts the Secretary of Defense says would be “devastating,” with not a single appropriations bill passed in the Senate and with more than 3 years without a budget, Senate Democrats are of course ignoring all of these things today and instead [...]

Read the full story

Dem Gas Price Priorities President Obama’s Energy Secretary Confirms That Their Goal Isn’t Lower Prices And A Top Senate Dem Only Wants To Increase Production Overseas   Q: ‘Is The Overall Goal To Get Our Price Lower?’ SEC. STEVEN CHU: ‘No’   “The Energy Department isn’t working to lower gasoline prices directly, Secretary Steven Chu [...]

Read the full story

What are the priorities for Democrats these days? Looking at their public statements, lower gas prices for Americans certainly don’t seem to be among them.   Politico reports, “The Energy Department isn’t working to lower gasoline prices directly, Secretary Steven Chu said Tuesday after a Republican lawmaker scolded him for his now-infamous 2008 comment that [...]

Read the full story

According to the AP, President Obama will travel to Texas today to push his $447 billion stimulus bill and Politico reports that Vice President Joe Biden will similarly be stumping for the bill in Florida.   And yet Senate Democrats continue to show little interest in the president’s bill. This week, Senate Majority Leader Harry [...]

Read the full story

Politico reports today, “Liberals on Monday cheered President Barack Obama’s plan to hike taxes on the wealthy to cut the deficit. But the response from Democrats on the front lines of 2012 election battles? Silence. Or, at best, tepid enthusiasm. Centrist Democrats, a dwindling breed on Capitol Hill, were quickly faced with another rough choice [...]

Read the full story

The Denver Post endorses the infamous Graham/Schumer biometric ID card: A bipartisan proposal, pitched by Sens. Charles Schumer and Lindsey Graham, to require biometric Social Security cards has the potential to remedy those problems. Such a credential would include an identifier, such as a fingerprint, to positively connect the card to the person presenting it. I [...]

Read the full story

The Dow closed today above 10,000 for the first time in a year. One of the big reasons was the Quarterly earnings report from JPMorgan Chase. The bank reported a $3.6 billion profit during the quarter, topping analysts’ estimates by a wide margin. This is good news indeed.

If you remember back to June 26, 2008, Senator Chuck Schumer (D-NY) pushed over the first domino in a long chain by making public a letter to banking regulators questioning the ability of IndyMac Bank to continue to operate. During the next 11 days, depositors withdrew $1.3 Billion from the bank, causing it to fail.

Read the full story