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Tea party senator wants JPMorgan CEO to ‘guide’ Congress on banking regulation

Jim DeMint (screen grab via CNN)

Tea party favorite Sen. Jim DeMint (R-SC) on Wednesday asked JPMorgan CEO Jamie Dimon, who recently announced that his company had lost at least $2 billion in the derivative market, to “guide” Congress in creating friendly banking regulations. During a U.S. Senate Banking Committee hearing, DeMint told Dimon that lawmakers…

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Romney changes tactics, will spend Labor Day with tea party

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Former Massachusetts Gov. Mitt Romney, largely seen as a moderate Republican candidate, has scheduled two major tea party affiliated events over Labor Day weekend: A headlining speaking gig at the Tea Party Express’s “Reclaiming America” rally in New Hampshire and a pancake breakfast with conservative darling Sen. Jim DeMint (R-SC).…

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Rand Paul’s budget eliminates agency that regulates nuclear safety

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WASHINGTON – As radiation particles from the nuclear hazard in Japan send residents fleeing and make their way across the Pacific Ocean, one U.S. senator introduced a plan to get rid of the agency that regulates nuclear safety. Sen. Rand Paul (R-KY) unveiled his five-year budget plan Friday, a radical…

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Jim DeMint: Obama is not ‘the leader of our country’

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WASHINGTON – Arch-conservative Sen. Jim DeMint (R-SC) said Thursday that President Barack Obama should not be considered the leader of the United States. “This whole idea that the President is the leader of our country is a mistake,” DeMint said during a speech to the Washington, DC chapter of the…

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Revealed: GOP senator who railed against healthcare and earmarks got $960,000 healthcare earmark

A GOP senator who voted against the Democrats’ sweeping health care bill quietly got a healthcare stimulus of his own: $960,000 doled out to the University of Nevada for a Primary Care Residency Expansion program. What’s more, the senator, Republican John Ensign of Nevada, has also joined about a dozen…

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Revealed: Rand Paul reverses on core campaign pledge before even taking office

Money talks. Rand Paul, the next Republican US senator from Kentucky, has done an about-face on earmarks even before taking office. In an interview published over the weekend with the Wall Street Journal, Paul signaled a major backtrack on a core campaign promise: cutting federal earmarks. The promise is a…

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Rand Paul: Retirement age may need to be raised

Paul pledges support for McConnell as Republican leader Republican candidate for Senator from Kentucky Rand Paul said Sunday that he would support raising the age of Social Security eligibility if he is elected. “We do have to admit that we have a baby boom generation getting ready to retire and…

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Republicans spar over ‘death’ of Tea Party movement

Sen. Jim DeMint (R-SC) disagreed Sunday with a notion put forward by a fellow South Carolina Republican senator that the Tea Party would eventually “die out.” “Lindsey’s a great friend but he is wrong on this,” DeMint said on Fox News. In an interview with the New York Times Magazine…

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