economic crisis « Frugal Café Blog Zone

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Bank Run in Greece — Greek Depositors Withdraw 700 Million Euros, Hyperinflation Looms Over Italy

| May 16, 2012

  The economic crisis worsens abroad — a bank run yesterday in Greece threatens to collapse the nation and to topple the entire house of cards of European socialism. Reminder: This is the failed economic system that Pres. Barack Obama has wanted America to emulate and has been diligently working toward since he took office [...]

Demeaning the Office of President One Day at a Time… Kardashians & Sex Book Questions Asked of Obama on “The View” (video)

| May 15, 2012

  What in the name of Zeus is Pres. Obama doing appearing on a daytime television show again? Doesn’t he have a JOB to do? So, dammit, do it, Mr. President. Stop campaigning and mugging for the TV cameras and begging for donations for oh, say, 72 hours and DO YOUR JOB. The American economy [...]

Another Obama Taxpayer-Funded Company Going Belly Up: LightSquared Files for Bankruptcy Protection After Getting Shady $267 Million Loan in Stimulus Money (video)

| May 15, 2012

  LightSquared, recipient of a shady, fast-track $267 million loan from Team Obama using taxpayer-funded stimulus money, has filed for bankruptcy. This past fall, the White House repeatedly stonewalled on sharing the loan documents with members of Congress, to the point that Sen. Charles Grassley threatened to block Pres. Obama’s FCC nominees until the documents [...]

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