House Republicans Voted Unanimously Against Stimulus Bill
The House of Representatives yesterday passed the $819 billion American Recovery and Reinvestment Act, delivering President Obama his first major political victory and...
Economic Commentary
Study Claims Interest Rate of Zero Is Too High
A recent analysis by Goldman Sachs, one of the Wall Street investment banks which benefitted from the recent federal government bailout, concludes that...
Read more“Stimulus” Spending Will Harm Recovery
Congress is now considering the American Recovery and Reinvestment Act of 2009, the latest barrel of pork to be tossed into the recessionary...
Read moreAn Americanist Economic Perspective
Art Thompson, CEO of The John Birch Society, parent company to The New American, offers his advice on what steps to take to...
Read moreUncle Sam Grabs the Wheel
ITEM: Reuters reported on December 30: "The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying...
Read moreMore Fright-peddling, More Bailouts
Round two of the economic crime of the century has begun. On January 12, Lawrence Summers, President Obama's designee to become director of...
Read moreBanks, Nationalization, and the Times’ Spin
In an unwonted episode of lucidity, the New York Times proclaimed in a recent headlilne that the "Rescue of Banks Hints at Nationalization."...
Read moreStimulus 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...
Read moreObama’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...
Read moreGM 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...
Read moreBailout Mania!
The Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history....
Read moreBernanke’s Money Maneuvers
Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression. ...
Read morePonzi, 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...
Read moreBernard 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...
Read moreMoney 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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