By John Stossel Today President Obama will propose a new tax on the nation’s biggest banks, reports today’s Washington Post. How will the tax work?  Firms would pay a “Financial Crisis Responsibility Fee” at an annual rate of $1,500 for every $1 million borrowed to finance lending and other activities. In other words, the Obama Administration is going to punish those greedy banks... 

In a speech at Georgetown University yesterday, Pres. Barack Obama tried to explain how his economic policies “fit together in a single, overarching strategy.” The only constant we could discern, however, was the president’s desire to use the financial crisis to justify enormous expansions of government power. Share/Save Read More →

By Eamon Javers The bankers struggled to make themselves clear to the president of the United States. Arrayed around a long mahogany table in the White House state dining room last week, the CEOs of the most powerful financial institutions in the world offered several explanations for paying high salaries to their employees – and, by extension, to themselves. Share/Save Read More →

By JIM KUHNHENN  Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is "not as bad as we think" and his plans will speed recovery. Share/Save Read More →

By Edward Helmore As Barack Obama prepares to announce the appointment of Hillary Clinton as Secretary of State this week, the first notes of dissent over the President-elect's choices are being heard across America. Share/Save Read More →