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...
Economic Commentary
Obama’s “Glimmers of Hope” for Economy
President Barack Obama’s statement last Friday that we’re “starting to see ... glimmers of...
“Conspiracy Theorists” Not So Crazy After All
Sometimes one wonders what it will take to wake people up and shake people...
G20 Pledges Supersized IMF
The much-ballyhooed G20 London lollapalooza is over, and things are going to change, according...
Global-currency Call Gets Nod From Geithner, Others
U.S. Treasury Secretary Timothy Geithner has given a nod of approval to China’s call...
Geithner’s Nationalization Plan Won’t Work
It’s official: the Obama administration intends to nationalize the entire financial sector. If there...
Obama’s Charm Offensive for Big Deficits
President Barack Obama is in the middle of his national tour to convince the...
Channeling the Outrage Over AIG Bonuses
The American people are understandably outraged to learn that the American International Group (AIG),...
CFR Corporate Members Get Lion’s Share of Bailout Funds
Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG)...
“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...
The Fed to Create More Than $1 Trillion
If there were any lingering doubts as to where the Federal Reserve’s expansive monetary...
UN Panel to Say World Should Ditch Dollar
A United Nations panel is about to recommend that the world abandon the dollar...
Fed Bailouts More Outrageous Than AIG Bonuses
All of the feigned outrage in Washington over the millions that AIG has been...
Obama Budget: A New Era of Irresponsibility
President Barack Obama has just recently released his $3.55 trillion fiscal 2010 budget, and...
G20 Consensus Hostile to Free Market
If the talk at the G20 gathering in England is any indication, the hard-beset...