President Trump is suspending five classes of visas through the end of the year in an effort to open more than half a million jobs to Americans, according to three senior administration officials. Trump will extend the 60-day halt he took April 22 toward incoming green card recipients, or those who have been approved to […]
May Retail Sales Surge Most on Record as US Returns to Work After Coronavirus Shutdowns…
U.S. retail sales surged the most on record last month, the Commerce Department said Tuesday, as millions of Americans returned to work following weeks of coronavirus-triggered lockdowns that shuttered the world’s largest economy. Retail sales rose 17.7% in May, the Commerce Department said, well ahead of the 8% forecast and well ahead of the downwardly-revised […]
Failed State Walking…
I love America. It’s the land of my birth, my education (Go Beav’s), my children’s births, and where I live and will eventually die. I did spend about five years living in Europe and Asia and loved it…but my home is and will be the vast expanse of the Western US. So, when I’m critical […]
Fed Expects Interest Rates to Remain Zero Through 2022, GDP to Rebound by 5% Next Year…
The Federal Reserve on Wednesday projected that interest rates will remain near zero through 2022 and pledged to continue supporting a U.S. economy devastated by the coronavirus pandemic and the related lockdowns. The Federal Open Market Committee, in a unanimous statement, reiterated previous guidance that the benchmark federal fund rate will stay at a range […]
JUMPIN’ JU-JU BONES, IT’S RAINING WINNAMINS!…
Jumpin’ ju-ju bones, it’s raining winnamins ! ~ Analysts and economists were predicting May jobs report would show losses of around 7 to 8 million jobs in May. That’s what everyone suspected, and why they were stunned this morning to find out the U.S. economy actually added, yes ADDED, 2.5 million jobs. The Bureau of […]
Dr. Fauci and Dr. Birx Used Inflated Imperial College Model – Now Confirmed as a Complete Fraud – to Persuade President Trump to Lock Down Entire U.S. Economy…
As reported weeks ago — in mid April Dr. Fauci admitted that it was he and Dr. Birx who persuaded President Trump to lock down the US economy knowing the massive destruction this would cause in jobs, lives and commerce. President admitted that during a press conference in April that “two very smart people” came […]
First Quarter GDP Drops 4.8% Amid COVID-19 Shutdown…
The Bureau of Economic Analysis (BEA) released the first quarter Gross Domestic Product (GDP) advanced estimate and the result is a 4.8% decline in economic activity. The revised fourth quarter GDP shows the economy was growing at 2.1 percent prior to the COVID-19 shutdown. The severity of the change in GDP reflects a severe drop […]
GOP Senator Says Economy Will Collapse If We Wait Too Long To Reopen…
Small Business Rescue Earned Banks $10 Billion in Fees…
Banks handling the government’s $349 billion loan program for small businesses made more than $10 billion in fees — even as tens of thousands of small businesses were shut out of the program, according to an analysis of financial records by NPR. The banks took in the fees while processing loans that required less vetting […]
Americans Are Paying a Tragic Price for Allowing Five Banks to Control the U.S. Economy…
According to the Federal Deposit Insurance Corporation, as of yesterday there were 5,117 federally-insured banks and savings associations in the United States. But in terms of risk to the U.S. economy and financial system, according to the U.S. Treasury’s Office of Financial Research, only five of those banks matter. And as you can see from […]
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