economy
Citing Faltering Economy, Lawmakers to Forego Cocktails
Washington, D.C., May 19, 2008 -- In a bi-partisan, largely symbolic gesture intended to draw attention to the faltering US economy and its impact on the vanishing middle class, Congress agreed today to no longer provide free booze at government-sponsored events. The BYOB agreement is expected to save American taxpayers up to $291 million annually.
Fed Chief Bernanke Ups Interest Rates 1.25% "Just To Mess With People's Heads"
New York, January 30, 2008 -- In a surprise move that has left market analysts worldwide scratching their heads, Federal Reserve Chairman Ben Bernanke raised, rather than lowered, the discount and fed funds rates by an unprecedented 1.25% this afternoon.
Fed Chief Ben Bernanke
Bush, Congress Make Headway on Electronic Stimulation Package
Washington, D.C., February 3, 2008 -- In an effort to stave off a looming recession in the wake of moribund consumer sentiment, ongoing turmoil in world credit markets and the subprime lending crisis, the White House announced today that major progress has been made on an Electronic Stimulation Package, the final details of which will be announced shortly.
Bush Backs Investment Banker Bonus Bailout In Wake of Subprime Crisis
New York, December 7, 2007 -- President George W. Bush called today for Congress to address a "growing crisis in investment banker bonuses" in the wake of the subprime mortgage disaster.
President Bush speaking at AAWP annual Christmas dinner
Treasury Sec. Paulson Calls Chain Letter, Lotto Buyback Cures to Deficit Woes
Washington, D.C., March 12, 2008 -- Treasury Secretary Henry M. Paulson, Jr., speaking at the annual meeting of the Conservative Economists' Union, today outlined a plan to alleviate the Bush administration's record federal deficit through "government chain letters and Lotto buyback initiatives".
Treasury Secretary Henry M. Paulson, Jr.
Federal Minimum Wage Rate Reduced To Button
Washington, D.C., March 22, 2015 -- Despite stiff opposition from Democrats, the Republican-controlled House of Representatives today approved a measure officially reducing the federal minimum wage rate from $5.15 per hour to one button.
Example of the new federal minimum wage
While individual states will still have the right granted by President Clinton to set their own minimum wages higher, no state will henceforth be required to pay workers more than the newly mandated button.
Cheney Yearns for Return to Oil-Based Economy
Wichita, KS, January 16, 2047 -- In an exclusive interview with the award-winning Daily Mumbler of Wichita, Kansas, Former Vice President Dick Cheney spoke feelingly of his dream of "a return to the oil-based economy."
Interviewed at his home in suburban Wichita, the 106-year-old retired oil services company executive and former statesman discussed at length his feeling that the world had made "a wrong turn" in rejecting fossil fuels in favor of non-polluting, renewable energy resources. At times, his tone was wistful, at others vehement.
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