Obama’s Downgrade May Last Until 2029

Obama scored another historical first on Friday, becoming the first president to see the U.S. credit rating downgraded by Standard & Poor's, from AAA to AA+. While we hope his presidential reign lasts no longer than January 2013, Americans may have to live with the consequences of Obamanomics for more than a decade to come. The chairman of Standard & Poor’s sovereign debt ratings, John … [Read more...]

George Soros’ New Plan for Globalism and Crony Capitalism

When George Soros invests $50 million to revolutionize the way Americans think about a certain issue, it would normally be deemed newsworthy. Not so with the formation of the Institute for New Economic Thinking (INET). Three months after a summit in New York state last July, Soros pledged $50 million to INET, which promises “to promote changes in economic theory and practice” by … [Read more...]