Stimulus Price Tag Continues to Rise
The price tag for the incoming Obama administration's proposed stimulus bill continues to rise. This morning, a few hours in advance of a...
Economic Commentary
Obama’s Stimulus Plan Will Cost at Least $187,800 Per Job
According Barack Obama's presidential transition team, the new stimulus plan being prepared by the upcoming Obama administration can be expected to create between...
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GM Bailout a Sop to Cerberus?
The recent decision by the federal government to bail out GMAC, the financing arm of General Motors, encouraged the illusion that the federal...
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Bailout Mania!
The Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history....
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Bernanke’s Money Maneuvers
Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression. ...
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Ponzi, Madoff, and the Fed
Poor Charles Ponzi is getting another media drubbing. News stories, of late, have been declaring Bernard Madoff's spectacular investment fraud case "the biggest...
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Bernard Madoff and Financial Pyramid Schemes
The world’s wealthy and well-connected are reeling from disclosures that an international investment giant – Wall Street-based Bernard Madoff Investment Securities LLC, run...
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Money for Nothing, and Blue Chips for Free
On December 16th, the Federal Reserve announced a record-setting cut in interest rates, targeting the federal funds rate at zero to a quarter...
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Automakers Plea for Bailout
After Congress approved a so-called "rescue plan" for the financial industry during early October, one could not help but wonder how long it...
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Do Trillion Dollar Deficits Matter?
Vice President Dick Cheney infamously informed former Treasury Secretary Paul O'Neill in 2002: "Paul, Reagan proved deficits don't matter." Now comes news that...
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Piling Bailouts Upon Bailouts
ITEM: The New York Times for October 31 reported: "As the Treasury Department prepares a $40 billion program to help delinquent homeowners avoid...
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Looking Beyond the Global Economic Summit
The much-ballyhooed international economic summit in Washington is over, and, according to news reports, little was accomplished aside from agreement on various vague...
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Peter Schiff Was (and Is) Correct on Economy
For years, the so-called economic experts — Ivy League economists, Federal Reserve chairmen, Treasury Secretaries, and media financial analysts — have been selling...
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The Bailout and the Constitution
The $700 billion bank bailout plan will use taxpayer money to purchase troubled assets. How does this stack up against the limited federal...
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Obama Would Worsen the Financial Mess
If the language in his first post-election press conference is any indication, Senator Barack Obama will be true to his profligate campaign promises....
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