'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Former President George W. Bush says as the U.S. debates immigration policy, he hopes "we do so with a benevolent spirit and keep in mind the contribution of immigrants."
Mitt Romney decried the Dodd-Frank Act as "the biggest kiss that's been given to New York banks I've ever seen." Since its passage, 122 community banks have closed. If the election had turned out differently, there would have been a prospect of repealing Dodd-Frank. There still may be grounds for a modicum of reform, particularly of "too big to fail" (TBTF) banks and doctrine.
As we approach the fourth anniversary of 2008's financial crisis, it's clear that Congress has done nothing to solve the crisis's central problem.
The former governors in the GOP presidential field tout their political accomplishments as proof they can lead the nation out of the economic doldrums, but when it comes to actual job numbers, the trio doesn't hold a candle to Texas Gov. Rick Perry, who has emerged in recent polls as a strong conservative alternative to Mitt Romney.
The Federal Reserve's second-highest ranking official on Monday said the economy is not strong enough for the Fed to begin tightening credit, countering a vocal minority of members who argue the central bank's stimulus programs are contributing to higher inflation.
A Federal Reserve official on Friday called on the central bank to consider ending its $600 billion Treasury bond-purchase program, fearing it could lead to higher inflation.
A top Federal Reserve official on Monday said the central bank should react if oil prices soar as high as $150 a barrel because prices that high could throw the economy back into recession.