Obama Getting Away With “Failed Policies of the Past”
Why doesn’t someone in the mainstream media take Presidenat Obama and his spokesmen to task for their ridiculous pledges not to repeat “the same failed ideas that got us into this...
Opinion
Bankruptcy (a.k.a. Stimulus) Bill Clears Congress
As the massive new stimulus bill, which President Obama is now preparing to sign into law, was undergoing consideration in the Senate, Americans wondered how much the final price would be....
The Fed’s Hockey Stick Chart
On his January 29 TV show, Glenn Beck drew national attention to a relatively obscure graph of our nation's "monetary base" (a narrow definition of money supply, also known as M0)...
Geithner Unveils Lastest Financial Bailout
In a speech in the Treasury’s Cash Room today, Treasury Secretary Timothy Geithner unveiled yet another initiative to stop the financial crisis in its tracks. “Right now critical parts of our...
“Supersizing” the IMF
Is the International Monetary Fund headed toward becoming the Federal Reserve of the world? Although one-world elitists in political and banking circles have been promoting the idea for many years, it...
Parallels With the Great Depression
What began early last year as a "credit crunch" and an "economic downturn" is now being characterized as a "long, severe recession." Once upon a time, such a crisis was known...
Assignment: Make the Constitution “Live”
"Mister Welter! Mister Welter!" Brooke Forrest yelled down the hallway of Oprah's School for Relativistic Females and All Males Who Dress or Feel Womanly, formerly known as Ms. Prim's Academy for...
Stimulus: More Spending or More Tax Cuts?
Should the stimulus bill be amended to place more emphasis on spending, or should it instead be amended to place more emphasis on tax cuts? That question defines much of the...
Economics and Common Sense
Common sense tells us that government cannot resuscitate the American economy and restore it to good health by spending more money and going further into debt. The government cannot spend money...
Federal Reserve as Corporate Overlord and “Super-Cop”?
Congress is considering granting the Federal Reserve Bank dramatic new powers by this spring, according to the Washington Post for January 26. According to the Post, under draft legislation written by...
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 yet another setback to American taxpayers present and...
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 the Federal Funds rate (the interest rate charged...
“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 pit. This time around, the misnamed stimulus will,...
DPA’s Glorious Song/Dance Performances
Since 2006, an amazing group of free Chinese artists has gone on a tour that spans the globe, presenting a Chinese New Year Spectacular of music and dance. Divine Performing Arts...
An 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 solve the economic crisis. ...