Nancy Pelosi

Here's Why (And How) The Government Will "Borrow" Your Retirement Savings

The bottom line is that government needs more money. Lots of it. And there is perhaps no easier pool of cash to "borrow" than Americans’ retirement savings. $7.3 trillion in US IRA accounts is too large for them to ignore. And if you think it’s inconceivable for the government to borrow your retirement savings, just consider the following...

Why One Congressman Voted "NO" On The Massive, Wasteful Omnibus Bill

"Once again I find myself shaking my head at the wasteful spending in DC and a flawed process that drops thousands of pages of text on us with 48 hours to “read” and understand... The fact that extremist environmental groups are pleased and that Obama hasn't threatened a veto tells you everything you need to know about this fundamentally-flawed bill."

Paul Craig Roberts: Democracy Has Departed The West

As far as we can tell, not only has democracy departed the Western world, but also compassion, empathy for others, morality, integrity, respect for truth, justice, faithfulness, and self-respect. Western civilization has become a hollow shell. There is nothing left but greed and coercion and the threat of coercion.In the Western World the aristocracy of wealth is being re-established.

The Assault On Donald Trump Shows That The "2 Party System" Is Really A "1 Party System"

Normally, candidates that are not part of the “establishment” do not pose much of a threat. In order to win elections in this country, especially on a national level, you need name recognition and you need lots and lots of money. Donald Trump has both, and no matter what you may think of him you have to admit that he has star power. And he was never supposed to run for president. You see, the truth is that only members of “the club” are allowed to play. The elite very carefully groom their candidates, and they are usually able to maintain a very tight grip on both major political parties. This two-headed abomination that we call a “two party system” is in reality just a one party system.

 

In Blow To Obama's Iran Deal Hopes, Key Democrat Defects

GOP Presidential hopefuls expressed plenty of distaste for the Iran nuclear deal during last night’s debate, but it was the voice of a Democrat that mattered most on Thursday evening as Chuck Schumer, the influential Jewish Senator from New York, came out in opposition to the accord.

Hillary Clinton Backs Fast-Track On Obama's Trade Deals

Hillary Clinton actually supports Barack Obama’s trade-policy, and even supports the way in which he is trying to get it through Congress. However, the news-media didn’t report it that way. Hilary is repeating her earlier tactics, in 2008, when she tried to give the impression that she had opposed her husband Bill Clinton’s NAFTA, though in fact she had earlier bragged about how great it was for the country and claimed it as if it were her own.

House Kills Fast-Track Of Obamatrade After Pelosi-Led Democrat Rebellion

And just like that, President Obama's fast track of his "great job creation" bill is defeated in a 126-302 procedural vote which stumbled over what is known as the Trade Adjustment Assistance. Following Pelosi's comments that "its defeat is the only way we will be able to slow down fast track," and "people would rather have a job than assistance", the defeat of a measure to provide aid to workers displaced by trade deals means the fast-tracking of the TPP is done (for now).

Paul Ryan Channels Pelosi: "You Have To Pass ObamaTrade To See What’s In ObamaTrade"

If you still think that the establishment Republicans in Congress represent real opposition to President Obama’s policies, you’re either extremely brainwashed or extremely stupid. Honestly, we wonder what it will take for some people to wake up. How many times do you need to be used, abused and conned by slimy politicians before you can shake off your political Stockholm Syndrome? Today's example is from chief ObamaTrade proponent Paul Ryan who gaffed Pelosi-like when he admitted (with regard to the super-secret TPP) "It’s declassified and made public once it’s agreed to," in other words - “we have to pass the bill so that you can find out what is in it.”

Someone Finally Read Obama's Secret Trade Deal And Admits The TPP "Will Damage This Nation"

"The public criticisms of the TPP have been vague. That’s by design—anyone who has read the text of the agreement could be jailed for disclosing its contents. I’ve actually read the TPP text provided to the government’s own advisors, and I’ve given the president an earful about how this trade deal will damage this nation. But I can’t share my criticisms with you. I can tell you that Elizabeth Warren is right about her criticism of the trade deal. We should be very concerned about what's hidden in this trade deal—and particularly how the Obama administration is keeping information secret even from those of us who are supposed to provide advice."

House Passes Massive Defense Bill Which Obama Will Promptly Veto

The US House of Representative just approved (by a vote of 269 to 151) the $612 billion National Defense Authorization Act (NDAA) funding moar warmongery for fiscal year 2016. However, the vote came short of a veto-proof majority and since the administration opposes the defense policy bill - for its alleged budgeting "gimmicks," as well as its provisions for arming Ukrainian forces - we suspect President Obama is preparing to unleash the veto pen.

Fed Agrees To Name The FOMC Leaker (As Long As Congress Keeps It Secret)

Having initially missed its deadline to provide a response to Congress with regard the 2012 leak of FOMC minutes to an external newsletter writer, The Fed reluctantly admitted that none other than Janet Yellen had met with them. Today, however, as The Wall Street Journal reports, The (unaudited) Fed has agreed to furnish a congressional panel with the names of its staffers who had contact with Medley Global Advisors in the months before the leak, “with the understanding that the names will be kept confidential." So we'll happily tell you who leaked it... as long as you don't tell the public. Audit The Fed!!!

"Above The Law" Fed Ignores Congressional Deadline On FOMC Minutes Leak Probe

In a stunning shun to Congressional lawmakers, WSJ reports that The Fed has failed to comply with a request that the bank-owned entity identify the individuals who leaked The FOMC Minutes to Medley Global Advisors a day before the official release in October 2012. Rep. Jeb Hensarling sent a letter to Fed Chairwoman Janet Yellen on April 15 asking the Fed to name them by 5 p.m. EDT April 22. The deadline passed without any response by the Fed...

Frontrunning: March 27

  • Google's new CFO to make $70 million (WSJ)
  • Senate passes Republican budget with deep safety net cuts (Reuters)
  • With Yemen strikes, Saudis show growing independence from U.S. (Reuters)
  • Banks Slash Dividends as Loans Sour From Beijing To Pearl River (BBG)
  • North American Railroads Caught by Speed of Crude-Oil Collapse (BBG)
  • Japan’s Zero Inflation a Setback for Abenomics (WSJ)
  • Cooperman Says U.S. Seeks Information About Omega Trades (BBG)