Obama Loses Favor With Wall Street

President Barack Obama has lost favor with many big-name Wall Street campaign contributors that were major money-makers in his 2008 Presidential bid. Wall Street campaign contributors appear to favor Republican Mitt Romney. The former Massachusetts Governor and businessman held a sold-out breakfast fundraiser with the biggest names on Wall Street.

Don’t Print More Money

Leave the printing presses alone! Former Federal Reserve Chairman Alan Greenspan has come out in favor of what no rational person would ever endorse: printing valueless money to cover indebtedness. Here are his exact words: “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” Gee, I can remember when the money maestro said the best way to protect our currency was to back it with gold. I still like that solution.

America’s Favorite Ponzi Scheme

Who talked Rick Perry into grabbing the third rail of American politics? In case you don’t recognize the phrase, “the third rail” refers to any criticism of the Social Security system or any suggestions on ways to improve it by anyone running for public office anywhere in the United States. It’s called the third rail because, just like a subway line, touching it usually proves fatal.