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...
Economic Commentary
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...
Read morePiling 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...
Read moreLooking 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...
Read morePeter 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...
Read moreThe 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...
Read moreObama 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....
Read moreUpcoming Financial Summit About Global Governance
Lost in all the Obama furor, the world's leading economic powers — the so-called G-20 nations — are quietly laying plans for a...
Read moreThe Panic of 2008
Thanks to Congress, the American taxpayer has been stuck with the bill for the bailout plan — but that is only the beginning....
Read moreThat’s “Comrade Bush” According to Chavez
If Hugo Chavez, the Marxist president of Venezuela, has his way, the legacy of President George W. Bush will be that he brought...
Read moreGreenspan Wrongly Faults Free Market for Crisis
In testimony that surprised many observers, former Federal Reserve Chairman Alan Greenspan professed a "state of shocked disbelief" over the unfolding global financial...
Read moreGlobal Financial Summit Announced
The Bush administration announced today that the first of what will be a series of global financial summits will be held in Washington,...
Read moreThe Flat Tax Is Not Flat
The ideas of Karl Marx are alive and well — in the U.S. tax code. One of the planks of the Communist Manifesto,...
Read moreGlobal Financial Regulatory Body on the Way?
With the European Union leading the way, the internationalists are preparing to exploit the recent global financial turmoil to hold a "second Bretton...
Read moreLike Barack Obama, John McCain Is a Socialist
When Sen. John McCain was campaigning in Waukesha, Wisconsin, on October 9, a supporter told him "I'm really mad" because of "socialists taking...
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