One week after the United States re-elected President Barack Obama, thousands of residents from more than a dozen states have petitioned with the White House’s “We the People” program seeking to secede from the Union. The White House may only have to respond to a petition if it reaches the 25,000 threshold, but it may […]
Archives for November 2012
U.S. taxpayers on the hook for $2.6 billion in bankrupt green energy companies
Since President Barack Obama took office four years ago, he attempted to stimulate the economy and one of his measures was backing green energy corporations. One of the companies became a regular household name because of its failure and enormous $570 million government investment: Solyndra. The Heritage Institute published an in-depth report over the summer […]
Danish government abolishing the world’s first fat tax, cites economic failures
Late last month, Economic Collapse News reported how the Ontario Medical Association (OMA) urged the province to institute a junk food tax and issue warning labels on these items. The purpose is to fight obesity in Ontario, which the OMA says is costing the taxpayers $2.5 billion per year. The Canadian Taxpayers Federation (CTF) cited […]
Ron Paul: United States is ‘so far gone, we’re over the cliff’
The United States economy is “so far gone” and is “over the fiscal cliff,” at least according to retiring Texas Republican Congressman and three-time presidential candidate Ron Paul, who has warned about the impending fiscal doom. Since President Barack Obama won his reelection campaign Tuesday, the libertarian community and advocates of capitalism and free markets […]
Peter Schiff: Obama 2.0 & the Fiscal Cliff
Shortly after Economic Collapse News published its article entitled “Analysts predict massive inflation, $2300 gold by 2014,” Peter Schiff, President of Euro Pacific Capital and former Republican senate candidate, published a video talking about the implications of President Barack Obama being reelected. In the video, Schiff talks about what a second term for Obama means […]