Dave Ramsey’s Town Hall for Hope
Dave Ramsey on Thursday evening, April 23, held a town hall-style meeting in Oklahoma City that was webcast to about 6,000 sites, mostly churches, across the country. Ramsey, who has carved...
Economic Commentary
Obama’s Counterproductive Economic Plan
President Obama on April 10 emerged from a high-level meeting with his economic team and proclaimed there were “glimmers of hope across the economy.” He believed some of those “glimmers” included...
Credit Card Crackdown
Next up for the federal government: the credit card industry. Having already thrown trillions in taxpayer dollars at the banking sector, and having moved to nationalize several of the nation’s largest...
20 Criminal Investigations for TARP Bailout
Neil Barofsky, special inspector general for the TARP, informed Congress April 21 that he has opened 20 criminal investigations and six audits in connection with improper dispensation of bailout funds under...
Following the Economic Lead of a Third World Country
The BBC reported on April 14 that one city in Egypt, Damietta, still has zero unemployment in these difficult economic times. That’s surprising, but what makes this even more surprising is...
Global Fusion: The G20, IMF, and World Government
Suppose we had conducted a national opinion poll a few months ago to canvass Americans on their opinions of the G20. Most respondents, it is probably safe to say, would not...
Printing and Spending Our Way to Prosperity
ITEM: An editorial entitled "The Federal Reserve acts boldly to ease credit conditions" in the Seattle Times for March 20 commented: "The Federal Reserve decision to pump another trillion dollars [more...
Fiscal 2009 Deficit: $956.8 Billion Already!
After a record $192.3 billion federal budget deficit for March, the U.S. Treasury Department reported a $956.8 billion federal deficit for the first half of fiscal 2009 — already nearly $1...
Obama’s “Glimmers of Hope” for Economy
President Barack Obama’s statement last Friday that we’re “starting to see ... glimmers of hope across the economy” has gotten quite a bit of publicity. What has gotten less coverage is...
“Conspiracy Theorists” Not So Crazy After All
Sometimes one wonders what it will take to wake people up and shake people up. It can become tiresome being labeled a kook, a nutjob, a conspiracy whacko — by both...
G20 Pledges Supersized IMF
The much-ballyhooed G20 London lollapalooza is over, and things are going to change, according to world leaders. “A new world order is emerging, and with it we are entering into a...
Global-currency Call Gets Nod From Geithner, Others
U.S. Treasury Secretary Timothy Geithner has given a nod of approval to China’s call for a global currency to replace the dollar, joining a chorus of international voices that include Russia,...
Geithner’s Nationalization Plan Won’t Work
It’s official: the Obama administration intends to nationalize the entire financial sector. If there were any lingering doubts as to the intentions of President Barack Obama and Treasury Secretary Timothy Geithner,...
Obama’s Charm Offensive for Big Deficits
President Barack Obama is in the middle of his national tour to convince the American public that “we’re doing everything we can to reduce that deficit.” President Obama has been on...
Channeling the Outrage Over AIG Bonuses
The American people are understandably outraged to learn that the American International Group (AIG), a corporate giant that has received almost $200 billion in total TARP/TALF funding, has recently paid $165...