Free Republic

President Obama made yet another address to the country last night (7-26-2011), just three days after he addressed the nation in a press conference about raising the debt ceiling. Ladies and gentlemen, this is a very unique and interesting time in our nation’s history. We have never been in a situation like this before, ever. The president is out there making things up as he goes, portraying himself as a sort of “victim” of “circumstance,” in his pursuits to rally his supporters and get what he wants. He is threatening to cut benefits to seniors and veterans to “scare” them...

European bank bail-out could push EU into crisis A bail-out of the toxic assets held by European banks' could plunge the European Union into crisis, according to a confidential Brussels document. By Bruno Waterfield in Brussels Last Updated: 3:50PM GMT 11 Feb 2009 “Estimates of total expected asset write-downs suggest that the budgetary costs – actual and contingent - of asset relief could be very large both in absolute terms and relative to GDP in member states,” the EC document, seen by The Daily Telegraph, cautioned. "It is essential that government support through asset relief should not be on a...