Economy

Cruz To RINO McCain: I Don’t Trust You, And I Don’t Trust Democrats

»Posted by on May 24, 2013 in ~Purple50 Blog, Economy | 0 comments

Cruz To RINO McCain: I Don’t Trust You, And I Don’t Trust Democrats

Source: by Ben Bullard May 24, 2013 Personal Liberty Digest On April 26, Senator Ted Cruz (R-Texas) told a group of Tea Party supporters in his home State that his Republican colleagues in the Senate had acted like “a bunch of squishes” in cutting gun-control deals with aggressive Democrats ahead of the infamously ill-fated Manchin-Toomey gun control act. Cruz, along with other libertarian-minded Congressmen like Rand Paul (R-Ky.) and Justin Amash (R-Mich.), have been cultivating a reputation for standing on principle, even if it means alienating the party establishment. But on Wednesday, Cruz took that fight away from friendly audiences and went straight to the Senate floor, sparring with Senator John McCain (R-Ariz.) over what’s wrong with...

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Billionaires Dumping Stocks, Economist Knows Why

»Posted by on May 24, 2013 in ~Purple50 Blog, Economy | 0 comments

Billionaires Dumping Stocks, Economist Knows Why

Source:  22 May 2013 By Newsmax Wires Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product...

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Reid: More funding needed to prevent Obamacare from becoming train wreck…

»Posted by on May 2, 2013 in ~Purple50 Blog, Economy | 0 comments

Reid: More funding needed to prevent Obamacare from becoming train wreck…

Source: Teaparty.org (The Hill) – Senate Majority Leader Harry Reid (D-Nev.) says “more funding needed to prevent Obamacare from becoming train wreck”. Reid warned that people will not be able to choose health insurance plans on government health exchanges if federal authorities lack the resources to set them up and educate the public. SPECIAL: ObamaCare Must Be Destroyed With A Vote Of Congress! “Max said unless we implement this properly it’s going to be a train wreck and I agree with him,” Reid said, echoing a warning delivered last month by Senate Finance Committee Chairman Max Baucus (D-Mont.). Reid warned the federal government is not spending enough money to implement the law because of Republican opposition to ObamaCare. “Here’s...

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