Free Republic

The results of today's Treasury auction were a shot across the bow of the government.And, according to David Zervos, head of fixed income strategy at Jeffries, may be an indication of just how skittish some investors are feeling about the fiscal soundness of the United States, in light of big government spending for health care and other costly programs.“It’s the health-care realization trade,” Zervos told CNBC, post-auction, from the firm’s trading floor. “We’re coming to grips with the fact that we have a Congress that’s ready to go, and spend.”Zervos, who worked at the Federal Reserve in Washington, DC last...

This week multiple news organizations honored Obama. In his hometown the Chicago Sun Times named him on of the "Year's Biggest" local stories... "Obama charged onto the national stage at the Democratic National Convention in July with an acclaimed keynote speech declaring "in no other country on earth is my story even possible.'' When his campaign to get to Washington was beginning, Obama himself joked about his name, which he received from his Kenyan father, calling it a possible political liability. But behind the jokes, Obama ran a serious, textbook-perfect campaign. And on the campaign trail, he appealed to...