The Federal Reserve on Wednesday announced that no changes to its bond buying program will occur, and that it will be holding interest rates steady at near zero. The inactivity by the Fed came as a surprise because a reduction to the central bank’s $85 billion monthly purchases of mortgage-backed securities and government bonds, known as quantitative easing, was widely expected.
On Monday, October 7, the next session
REUTERS
Weak housing market numbers do not suggest that the upcoming jobs report will show strong job growth in construction. U.S. housing starts widely missed expectations in August amid a sharp slowdown in the multifamily sector. Increases in permits for single-family homes are giving some pundits hope of a sustained strengthening in the housing market recovery.
To the GOP leadership in both the House and Senate, including Speaker John Boehner, Senate Minority Leader Mitch McConnell, Majority Leader Eric Cantor, and Majority Whip Kevin McCarthy:
A new CNN poll shows support for New Jersey Gov. Chris Christie has slipped a point or two in the field of potential candidates for the 2016 Republican nomination. Polls conducted this early have almost no predictive value, whatsoever. Yet, we can dig out a few interesting points.
The website for the social welfare organization – American Hometown Veteran Assistance –reads, “Freedom isn’t free; our VETERANS have paid dearly for it!” For many, including myself, that price has been pretty high and has taken many forms. Yet, I wish I was still active duty everyday, and given the chance, I wouldn’t trade that experience for all the gold in the world.
In The New York Times —on September 11, of all days — Russian President Vladimir Putin had the nerve to take issue with the idea of American exceptionalism. Someone had to respond, which of course, we could not rely on President Obama to do. Former South Carolina Senator, and Heritage Foundation President Jim DeMint, rose to the occasion. Jim DeMint made the case that yes, all humans are created — however, not all nations are created equal.
[youtube http://www.youtube.com/watch?v=mlwzuHXB83k?feature=player_embedded&w=640&h=360]
AEI’s latest Public Opinion Study, now available as an ebook! “Five Years After the Crash: What Americans Think about Wall Street, Banks, Business, and Free Enterprise” examines public opinion in the immediate aftermath of the 2008 crash and in the years since.
URGENT: Rep. Pete Sessions plans to use a House trick THIS WEEK to stop the effort to defund Obamcare. The movement has been gaining in momentum and now armed with over 1 million signatures and a telephone, we must defend freedom against the complacent big government RINOs.
It would appear that the Obama administration’s botched handling of Syria is the straw that broke the camel’s back. After a succession of foreign policy failures after interventions in Egypt and Libya, not to mention the abandoned failures of Iraq and Afghanistan, Syria may be all she wrote for Obama’s credibility as a Commander-and-Chief. The latest average of polls show President Obama’s job approval on foreign policy has cratered to its lowest levels, with 36.5% approving and 53.5% disapproving of President Obama’s handling of foreign policy.
