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On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.” And the job market is “really what matters to people, you don’t eat GDP, your paycheck matters most.” Bernstein said, “We really haven’t seen much in terms of slow growth yet. Let’s talk about the job market, because that’s really what matters to people, you don’t eat GDP, your paycheck matters most. And there, you’ve seen growth continuing to defy...

President Joe Biden, a Democrat, was widely mocked over the weekend after he posted a tweet in which he bragged about how the United States pays its bills on time by taking on more debt. “The United States pays its debts when they are due,” Biden wrote in a tweet that also featured a video. “That’s why today, I signed a bill to fast-track the process to raise our debt limit.” “This bill will reassure all the economic markets at home and around the world that we’re going to continue to pay our debts when they are due,” Biden says...

House Republican leaders are preparing legislation that would fund the government until Dec. 15, extend the debt ceiling until Feb. 7 and strike the health care subsidies that members of Congress, White House appointees and staff were set to receive under the new health care law, a GOP lawmaker said. Under the new House GOP proposal — the second one they proposed Tuesday — union workers would also remain subject to a $63 health insurance tax from which they had sought an exemption. The proposal also would give the House and Senate until mid-December negotiate a new, long-term budget. "The...

Lets raise the Debt Ceiling to 100 Trillion dollars,it's all borrowed money anyway,digitized,monetized,whatever.We pay off the 17 Trillion dollar debt,send everyone in the United States a check for a 1000 dollars and there will be trillions left over to fund everything!

Obama's Income Inequality SpeechAdam Clark Estes - 2:18 PM ET **SNIP** Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even...

Remember when Brit Hume hosted Special Report up to 2008, before handing the reins to then heir-apparent Bret Baier? Remember how Hume was always careful to be the epitome of "fair and balanced," serving as a newscaster who wouldn't get into biases with regards to what story he was covering? Well, thankfully, now as Fox News' senior political analyst, Hume is no longer bound by those restrictions and so can let criticism fly with wild abandon. And let it fly he did on Fox News Sunday when he tore into the Obama Administration for being marked by "economic illiteracy!" Going...

Casey Files: Government Debt – Termites in the HouseAs I write, gold has rebounded handsomely over the $600 mark, perhaps putting a stake through the heart of the recent steep correction. Or, perhaps not.After all, it isn’t the fundamentals, per se, that are currently causing gold to spike. It’s largely just the chattering of the trading community based on their reading of the tea leaves revealed in the Fed’s latest press release.In order to make any real sense of where gold should be trading, and will be trading soon enough, you have to look deeper, much deeper, into the...

No wait, not 6. To hell with that. Make it 10. Ten bucks a gallon, no matter what the going rate for a barrel of light, sweet crude. That would so completely, violently, brilliantly do it. Revolutionize the country. Firebomb our pungent stasis. Change everything. Don't you agree? Here's what we could do: Give gas discounts to cabdrivers (at least initially), metro transit systems and low-income folks, those who have to drive their busted-up '78 Honda Civics to their jobs scrubbing restaurant toilets and flipping burgers and vacuuming the residual cocaine from the seat cushions of numb SUV owners. Everyone...

Republican congressional leaders on Monday urged the Bush administration to investigate whether oil companies are gouging consumers at the gasoline pump and if market speculators are pushing up fuel prices. U.S. retail gasoline prices are above $3 a gallon in many parts of the country and pump costs are forecast to keep rising. Republicans fear they could lose the Senate and House of Representatives in this November's congressional elections if voters retaliate against them for the high fuel prices. Senate Majority Leader Bill Frist and House Speaker Dennis Hastert wrote President George W. Bush and asked him to direct the...

(CNN) -- Amid rising gas and oil prices, a leading Republican said on Sunday that the U.S. government should consider imposing a windfall tax on oil company profits. "I think it's something worth considering among a number of options," Pennsylvania Sen. Arlen Specter, chairman of the Judiciary Committee, told CNN's "Late Edition." He also criticized consolidation in the oil industry. "I believe that we have allowed too many companies to get together to reduce competition," he said, citing the combinations that created ExxonMobil and ConocoPhillips. Specter said that after the chief executives of top oil companies testified in Congress last...

SAN JOSE -- As oil prices hit a record, drivers worried about $3-a-gallon gas and politicians feared the impact on elections, President Bush on Friday acknowledged the pain but seemed resigned to being able to do little about it. "I know the folks here are suffering at the gas pump," the president said while promoting his competitiveness initiative at the Silicon Valley headquarters of Internet networking company Cisco Systems Inc. "Rising gasoline prices is like taking a _ is like a tax, particularly on the working people and the small-business people." But to address the immediate problem, Bush offered only...

Congressional leaders yesterday planned to ask President Bush to order investigations into possible price gouging by oil companies as crude oil prices hit new highs on world markets and average gasoline prices in the nation's capital blew through the $3-a-gallon mark. House Speaker J. Dennis Hastert (R-Ill.) and Senate Majority Leader Bill Frist (R-Tenn.) are preparing to send a letter to the president Monday asking him to direct the Federal Trade Commission and Justice Department to investigate alleged price gouging and instruct the Environmental Protection Agency to issue waivers that might make it easier for oil refiners to produce adequate...

SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed to a high of $75 per barrel Friday for the first time ever for a front-month contract on concerns about tensions surrounding Iran's nuclear activities, violence in Nigeria, and tight U.S. supplies of unleaded gasoline. June crude was last up $1.26, or 1.7%, at $74.95 per barrel. "We often see this sort of short covering in a record-setting bull market ahead of a weekend, since nobody is sure where we may be Monday," said trader Kevin Kerr, who is also editor of MarketWatch's Global Resources Trader.

What New York Didn't Need By Gregory Bresiger [Posted January 1, 2003] What the terrorists didn't do to New York, the politicians will. Mayor Michael Bloomberg recently signed an 18 percent real estate tax increase into law. This was designed to close the city's $5 billion dollar budget gap, a remarkable amount of red ink given that the city's bloated budget is some $42 billion. The Republican mayor was determined not to cut government jobs or programs. The taxpayers would have to bear just about the entire burden, even though the city finances were already mismanaged. "The city is bankrupt," said one member...

Disclaimer: I am in in no way a proponent of the following. It is sheer lunacy, but it is making the rounds on the web. Just wanted to give Freepers a heads up. Viva La Risistance! Date: Friday, April 19, 2002 5:55:32 PM Join the resistance!!!! I hear we are going to hit close to $3.00 a gallon by the summer. Want gasoline prices to come down? We need to take some intelligent, united action. Phillip Hollsworth, offered this good idea: This makes MUCH MORE SENSE than the "don't buy gas on a certain day" campaign that was going around...