Obama’s Homeowner Lifeline Not a Lifeline
“President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure,” the Associated Press reported after the...
Economy
Obama: Buying a Second Term?
On Tuesday, February 18, President Barack Obama achieved one of his first major goals in office by making his $787 billion stimulus plan...
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Coming Soon: Nationalization of the Banks?
Will the banks be nationalized? That question would have seemed preposterous prior to the $700 billion Troubled Asset Relief Program to bailout major...
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Experts Warn of Oil Price Rise
Oil prices dropped from $141 per barrel to below $40, but experts say that this decline is going to end in 2009, according...
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True Unemployment Rate Higher Than Reported
The unemployment rate in December rose to 7.2 percent, according to the Labor Department. This represents a steep 0.4 percent rise from November's...
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Bailing Out Chrysler Becoming a Bad Habit
The federal government handouts to the auto industry continued over the weekend with the announcement of a $4 billion bridge loan to Chrysler...
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Jobs’ Health and Apple’s Stock
On Monday Apple's stock rose dramatically, gaining 4.22 percent by the end of trading and closing at $94.58. Analysts attribute this dramatic rise...
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Madoff’s Ponzi Scheme Victimizes ACLU, Others
In a December 23 communication sent to the American Civil Liberties Union's benefactors, administration and finance director Alma Montclair reported that the organization...
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Auto Bailout: Lemon or Lemonade?
Will the bailout of the Big Three automakers — General Motors, Ford, and Chrysler — refresh the auto industry or further sour the...
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Fed Announces Another $800 Billion in Bailout Funding
The Bush administration and the Federal Reserve announced on November 25 almost $800 billion dollars in additional funds to help, bail out, or...
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Bailout Bill Did Not Stop Stock-market Slide
The enactment of the now-notorious $700 billion bailout package did not stop the downward slide of the stock market, as its proponents had...
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Federal Reserve Loaned Nearly $2 Trillion
By now everyone knows that Congress and the White House approved an enormous $700-plus billion package a short time ago and that the...
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Showdown Looms Over Auto Bailout Plan
The pleading for a financial bailout of the U.S. auto industry is becoming more widespread and insistent. Governors from Michigan, Kentucky, Ohio, Delaware,...
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Auto Sales Drop; Detroit Faces “Carnage”
It's no surprise that U.S. automakers are in trouble. Facing massive costs for health insurance, falling demand for mainstay products like trucks and...
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White House to Banks: “Lend More Money”
On October 28, as the Treasury Department announced a series of steps to begin delivering infusions of a $250 billion government bank-recapitalization plan,...
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