tea party

Who Wins and Who Loses If the Government Shuts Down

Unless Republicans and Democrats can agree on budget legislation to keep the federal government running, a shutdown at midnight Friday looms. From a political and financial perspective, if that shutdown happens, there will be a few clear winners, some who break even, and a whole lot of losers. DailyFinance breaks it down:

Will Budget Battle End With a Tax Increase?

Republicans pushing for spending cuts in the 2011 federal budget may be ready to shut the government down to get their way. But is anyone ready to do what it would take to really make a dent in the federal budget: raise taxes on the rich, close corporate tax loopholes, and cut war spending?

GOP Wins Budget Battle, but May Lose Political War

The Republicans are winning this year%u2019s budget battle: Discretionary spending will decrease. But this is hardly the time for the GOP to take a victory lap: Next, the GOP will have to lower unemployment and improve the average American%u2019s daily life -- two areas where the party has historically come up short.

Can the Tea Party Platform Reduce Unemployment?

The U.S. set the forces of globalization in motion, and now more than ever, it's clear we're suffering the consequences: high unemployment, stagnant or declining incomes, and rising costs for goods. Can the policies of the surging Tea Party provide solutions, or will they just make matters worse?

House Votes to End 'Car Czar,' 'Pay Czar' Posts

Republicans in the House of Representatives voted Thursday to eliminate the Obama administration's "car czar," as well as the "pay czar" who oversees compensation at companies bailed out with TARP money, and seven other presidential advisers.

Tea Party Leaders Say They'd Back Defense Cuts

The Tea Party says everything is on the table regarding its goal to cut federal spending and balance the budget -- including defense spending. If the political faction succeeds in cutting military spending, not only would the U.S. economy benefit, national security could well be strengthened.

Will Obamacare Really Kill 1.6 Million Jobs?

The Republican opposition in Congress has put that number on the impact they say health care insurance reform will have on employment. The law's proponents say their figure is way off target. The real affect will likely depend on how the law actually gets implemented.

From Colorado Springs: Lessons for America's Budget-Cutters

Some communities question if they can function along the Spartan economic guidelines touted by Tea Party activists. One place those municipal leaders might want to examine is Colorado's second-largest city. It's a laboratory in draconian fiscal conservatism.

Federal Reserve Releases Massive Amount of Bailout Data

The Fed on Wednesday released detailed information about the efforts it took to stabilize financial markets during the recent downturn. The Fed, which is facing increasing criticism from conservatives, defended its actions, and noted that no money was lost on its bailout programs.

Gawker Is on Shaky Legal Ground Over Sarah Palin Book Excerpts

When Sarah Palin protested after gossip site Gawker posted pages from her upcoming book America By Heart, Gawker taunted her for her lack of knowledge about copyright law. But a federal judge has ordered Gawker to take the pages down temporarily.

Investors Don't Credit Obama for What's Going Right

A new Bloomberg poll shows 68% of investors say Obama's policies are "detrimental to the U.S. investment climate." That's despite soaring corporate earnings and a huge bounceback in stock prices during his administration. Somewhere, there's a disconnect.

Target, 3M and Best Buy Lose Gay Rights Group's Top Rating

Target, Best Buy and 3M lost their top rankings in an index compiled by an influential gay-rights group after the companies made significant campaign donations to an organization that backs the election of an anti-gay political candidate.

Is this the Era of an Economically Irrelevant America?

There are people around the world rubbing their hands with glee at America's supposed collapse, pundits who say this nation is so bankrupt that it has become irrelevant. But author, venture capitalist and DailyFinance columnist Peter Cohan says don't write America's obituary just yet.

Jobless and Angry: The Politics of Unemployment

As the ranks of independent voters are swelling, a Gallup analysis for DailyFinance reveals that in the last six months, a higher percentage of jobless voters identified themselves as independent than Democrat or Republican at least half of the time. Incumbents, be warned.

Are we in the Not-so-Great Depression?

It must suck to be Paul Krugman. I'm sure he'd rather not be the guy who figured out our economy is actually in a depression. Regarding the debate...

Job Creation: Democrats Have Run Out of Time

Americans will blame the nation's high unemployment rate on the party in power, the Democrats. Since most voters have likely decided who they'll vote for in November's midterm elections, watch out for heavy Dem losses, possible GOP control of Congress -- and gridlock.

Tea Party Faithful Weren't Feeling the Love in Philadelphia

To say the Tea Party faithful were not feeling the love Thursday in Philadelphia's Love Park would be an understatement. The park features Robert Indiana's famous sculpture that spells out "L-O-V-E" in bold red letters. Across the street is Philadelphia's City Hall, topped with the statue of William Penn that has looked down on the City of Brotherly Love for generations. Independence Hall, where the founding fathers crafted our system of government that has never been equaled, is nearby. It was quite a locale for citizens to vent their frustrations about the federal government, and vent they did.

On Tax Day, a Tea Party Near Capitol Hill

The Tea Party Express descended on the nation's capital Thursday, marking the annual deadline for state and federal tax submissions. While taxes were on the official agenda, political frustration was in the air.

What the Tea Partiers Want Is Already Here

There's an old adage, "Be careful what you wish for: you might get it." Regarding free markets, Tea Party members have no need to wish: what they want is already here. With their free market philosophy triumphant, this group is now blaming the federal government for the unemployment the free market put in motion.

How a Tea Party-Led U.S. Might Look

Tea Partiers favor limited government and a free market. Problem is, it was the free market that led to the crisis that created the very miserable economic conditions the Tea Partiers protest.

Will the U.S. Repeat the Great Mistake of 1937?

Critics of the Obama stimulus programs are calling for an end to recession-fighting spending, arguing that it isn't needed anymore. But are these critics repeating the mistake of FDR's opponents in 1937, calling for balanced budgets that could result in a double-dip recession?

Odds are against a Teabag third party

The Tea Party rallies this week have prompted an obvious question from investors and public officials alike: will the Tea Partiers seek an economic...