Dripping with a southern syrupy drawl the elderly woman standing in front of the Bibb says, “Foley bankrupted the Bibb, He’ll bankrupt Connecticut”. News to Fedele:  CONNECTICUT IS BANKRUPT. We are 9  BILLION dollars in the hole. Tom Foley is the only person running for Governor who has ever shut anything down. Foley is...
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In a separate survey of Republican likely primary voters, Rob Simmons trails Ms. McMahon 47 – 30 percent, with 14 percent for Peter Schiff. This compares to a 52 – 25 percent McMahon lead in a July 16 survey by the independent Quinnipiac (KWIN-uh-pe-ack) University. Looking at McMahon and Simmons, Republican voters say: •...
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There is almost $2.4 trillion in mortgage debt for homes in negative equity. The total negative equity is $771 billion. There are 4.1 million homeowners with more than 50% negative equity (they owe 50%+ more than their homes are worth). This graph shows the percent of homeowners with mortgages in negative equity for 33...
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Keynesianism didn’t work for Hoover and Roosevelt in the 1930s, didn’t work for Japan in the 1990s, and didn’t work for Bush in 2008. Proponents of this approach have a childlike faith in the Keynesian model and its ability to generate very specific (albeit completely inaccurate) numbers. The fault line in American politics is...
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It is highly likely we are going to see a return to high inflation. #1: Because the government needs it to get out of the debt they have incurred. (A Billion $ A Day in Interest and climbing.) #2: Inflation is a natural economic outcome of creating money that has no basis in real...
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If the President’s Deficit Reduction Commission uses “baseline” or “current services” budgeting as a benchmark for determining spending “cuts” and tax increases, that’s a good sign that the crowd in Washington wants to pull a fast one on the American people. Baseline budgeting. This is the clever Washington practice of assuming that all previously...
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Here is a new flowchart prepared for the Joint Economic Committee showing the healthcare system under Obamacare. It’s not as if it was not complex enough as it was. A system that only a Government bureaucrat could love. Just think of all the lovely interactions with Government employees we get to have trying to...
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Press Release: Immediate Release Dubitsky Asks, “Where’s Daria Novak?” GOP Candidate Says Opponent is Ducking Debates, Voters Doug Dubitsky, Republican candidate for Congress in Connecticut’s 2nd District, wants to know why Daria Novak is hiding. “She didn’t attend the televised debate moderated by Tom Monahan on NBC last week, and she has refused numerous...
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It’s impossible to view television commercials, listen to an interview with an entertainer, or read most political candidates’ mailings without getting the message that the shift toward “green” energy is underway. The PR barrage is enough to make you think that all new cars are about to be electric, wind turbines will soon permit...
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