Illegals pouring over the boarder for free health care and education are burgeoning California’s already bankrupt economy. Will it spread to the rest of the country?  Read More »

by James Buchanan A recent Reuters article reports “The U.S. recession is set to end ’soon,’ but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by the National Association of Business Economists (NABE) on Wednesday found almost... 

There is no way Obama can spin or fast-talk his way out of this one. Nor can he blame it on Bush as this is happening months into Obama’s presidency. Chrysler has just gone bankrupt and GM is not far behind. An AFP article reports “Chrysler was forced into bankruptcy protection Thursday… Chrysler said most of its plants will be ‘temporarily’ idled until the transaction is complete… Senior...