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...
Economic Commentary
“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,...
Read moreG20 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,...
Read moreGlobal-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...
Read moreGeithner’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...
Read moreObama’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...
Read moreChanneling 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...
Read moreCFR Corporate Members Get Lion’s Share of Bailout Funds
Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG) executives. And it’s nice to know where the millions...
Read more“Toxic Asset” Plan Based on Fascist Model
The Obama administration’s long-awaited proposal to remove so-called “toxic” mortgage-backed assets from U.S. banks has finally been unveiled, to huzzahs across the globe....
Read moreThe Fed to Create More Than $1 Trillion
If there were any lingering doubts as to where the Federal Reserve’s expansive monetary policies are leading, they were dispelled by yesterday’s shocking...
Read moreUN Panel to Say World Should Ditch Dollar
A United Nations panel is about to recommend that the world abandon the dollar as the world’s reserve currency, according to a Reuters...
Read moreFed Bailouts More Outrageous Than AIG Bonuses
All of the feigned outrage in Washington over the millions that AIG has been doling out in bonus payments, and the tens of...
Read moreG20 Consensus Hostile to Free Market
If the talk at the G20 gathering in England is any indication, the hard-beset global economy is stuck between the devil and the...
Read moreObama Budget: A New Era of Irresponsibility
President Barack Obama has just recently released his $3.55 trillion fiscal 2010 budget, and already there's full employment among all the people who...
Read moreAIG, Bailouts, and the Banks
Official Washington is an a tizzy over new revelations, courtesy of the Wall Street Journal and dutifully amplified by other news outlets, that...
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