The Treasury Department’s Titanic Takeover
It's official: the Obama administration intends to nationalize the entire financial sector. If there were any lingering doubts as to the intentions of...
Economy
The New GM: Government Made
There's something fundamentally wrong with the world when a country known for being the very embodiment of Old World socialism — Sweden —...
Read more
More H-1B Visas, More U.S. Tech Layoffs
The U.S. Citizenship and Immigration Services (USCIS) announced on April 8 it has received enough H-1B applications to meet the congressionally mandated cap...
Read more
Newest Bailout: Auto-parts Suppliers
The Obama administration is now in the business of subsidizing the auto parts industry. In yet another slug of taxpayer money intended to...
Read more
Is U.S. Chamber of Commerce Anti-Business?
“Is Barack Obama More Pro-Business Than Ron Paul?” led the headline on the popular blog at LewRockwell.com. “Yes,” Rockwell sarcastically answered his own...
Read more
SEC to Target Short Sellers
The Securities and Exchange Commission (SEC) made public on April 8 several alternative plans under consideration for regulating the activities of short sellers....
Read more
Stimulus Results: Unemployment Soars
“The U.S. may suffer further job losses in the coming months” began the April 3 Bloomberg.com story on federal government reports that the...
Read more
Obama Administration Ousts GM CEO Wagoner
In a move heralding the Obama administration’s most aggressive intervention in the business sector to date, the federal government has forced GM CEO...
Read more
Bill Would Give Feds Control Over Family Farms
On February 4, Rep. Rosa DeLauro (D-Conn.) introduced the Food Safety Modernization Act of 2009 (H.R. 875) in the House. Its stated objective...
Read more
Japan & China: Following Obama’s Lead on Spending?
Chinese Premier Wen Jiabao’s remark that he was “worried” about the $1 trillion in U.S. debt he was holding caused such a chill...
Read more
Down Goes the Dow
Down, down, down goes the Dow (and all the other stock indexes), and how much further the markets are likely to fall before...
Read more
AIG’s Latest (Fourth) Federal Bailout
For the fourth time in six months, the federal government is giving billions of taxpayer dollars to AIG, following the latter’s announcement of...
Read more
$750 Billion Bank Bailout in Obama Budget
Figuring prominently in President Barack Obama’s newly released budget proposal for fiscal 2010 is another massive bank bailout. The Bush administration’s gargantuan $700...
Read more
Creeping Nationalization
Though the Obama administration continues to deny it, the U.S. government continues to move closer to nationalizing the nation’s largest banks. The last...
Read more
Automakers Seek Another $21.6 Billion
General Motors and Chrysler submitted “financial viability” plans to the U.S. Treasury on February 17 that included combined requests for another $18.6 billion...
Read more