Uncle 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 $5 billion in equity in auto and mortgage...
Opinion
More 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 his National Economic Council, sent a letter to...
Banks, 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." Of course, the Times got most of it...
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 planned announcement, the Associated Press, which managed to...
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 3.3 million and 4.1 million jobs. This according...
Ready to Be an Extremist Again
Back in September 2005, I wrote a short column for The New American stating that "I'm okay being middle-of-the-road." The column chronicled how acquaintances and family had mistaken my stinging criticisms...
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 government has decided to "rescue" the U.S. automobile...
Ron Paul: A Man of Ideas and Ideals
Ron Paul: A Life of Ideas, the first book-length biography of the noted congressman, tells the back story of the man behind the revolution, a best-selling book, and the Internet phenomenon....
That Thing Called Feminism
Sometimes the apple does fall far from the tree, and sometimes that's a good thing. You may not know the name Rebecca Walker, but she is a woman who learned, in...
Bailout Mania!
The Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history. ...
Bernanke’s Money Maneuvers
Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression. ...
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 Ponzi scheme in history." ...
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 by 70-year old Bernard Madoff, a well-known Wall...
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 of a percent. There were hosannas and flourishes...
Jimmie Vaughan: The Rhythm & Blues of America
Famed Blues guitarist Jimmie Vaughan tells about his involvement in the movement to restore our constitutional republic. ...