Transcript: Fed Chairman Bernanke Warns of Higher Interest Rates on the Horizon (Quietly as Washington Shuts Down for a Blizzard)
While the cold winter weather may have temporarily closed down Washington D.C. this week, Federal Chairman, Ben Bernanke used the opportunity to quietly warn of the Fed’s plans to raise interest rates sometime in the future. Releasing his scheduled testimony to Congress (the actual hearing has been delayed due to snow), the Chairman’s statements discuss changes that, when enacted, will affect the economy in dramatic ways.
Under the leadership of Bernanke, and as part of his plan to earn back Stimulus funds, the Fed intends to…resulting in higher…Full Transcript of Bernanke’s testimony before Congress..
To read the full transcript, please click on the article name above.
This past weekend former Alaskan Governor and Vice Presidential Candidate Sarah Palin was invited to speak at The Tea Party’s National Convention. The following is an unofficial transcript of Sarah Palin’s speech…
On Monday the Republican Congressional leadership sent a letter to Rahm Emanuel essentially calling President Obama’s bluff. Listing a set of demands that includes:
On Wednesday evening President Obama, speaking to a joint session of Congress and the American public, delivered his first ‘State of the Union’ address. As expected the President focused:
On Thursday the White House released a declassified report reviewing the intelligence failures which resulted in the unimpeded boarding of Umar Farouk Abdulmutallab (a.k.a. the Underwear Bomber) onto Northwest Airlines flight 253 to Detroit on Christmas day. After its release, reporters asked Homeland Security Secretary Janet Napolitano what shocked or stunned her most from the report’s findings. Napolitano told…To read the declassified report…
On Thursday President Obama unintentionally ignited yet another political controversy… Ironically, the statement which raised eyebrows could have just as easily earned him praise if only slightly modified.
Transcript of White House Press Secretary Gibbs’s response to fresh questions concerning C-SPAN’s request to fulfill President Obama’s campaign promise and televise the Health Care Debate…
Only eleven days after announcing U.S. plans to send a “surge” of new troops to help fight the Taliban and Al Qaeda in Afghanistan, President Obama flew to Oslo, Norway, to accept his Nobel Peace prize. In the week leading up to the event, it was announced that Russia and the United States had tentatively agreed to continue abiding by the current nuclear arms control agreement until a new version could be negotiated and rumors that the President would use the speech to present an “Obama Doctrine” floated amongst the media. Oh and did we mention the failed advanced missile test by Russia over Norway?… (Click here to view video of the the failed attempt)
Tuesday night President Obama announced his decision to approve a modified version of General McCrystal’s request for additional troops (or a surge) for the War in Afghanistan. During the time leading up to this speech Obama has received a significant amount of criticism for what some have seen as a deliberate delaying of his decision for political reasons.