Commentary
Like Barack Obama, John McCain Is a Socialist | Print |  E-mail
Written by Gary Benoit   
Sunday, 12 October 2008 22:14

McCain ObamaWhen Sen. John McCain was campaigning in Waukesha, Wisconsin, on October 9, a supporter told him "I'm really mad" because of "socialists taking over the country," the Associated Press reported. "I think I got the message," McCain responded. "The gentleman is right." McCain then went on to talk about the Democrats' control of Congress.

 
New International Financial System in the Offing?

Silvio BerlusconiIn response to the ongoing financial crisis, world leaders are planning "a new Bretton Woods," according to Italian Prime Minister Silvio Berlusconi. According to an October 10th article by Steve Schere on the business and financial news website Bloomberg.com:

Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they "rewrite the rules of international finance.''

'The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis 'can't just be for one country, or even just for Europe, but global.''

 
The Tragedy of the Commons | Print |  E-mail
Written by Becky Akers   
Friday, 29 August 2008 13:42

Small HousePerhaps Karl Marx best described life on the commons: “From each according to his ability, to each according to his need.” That’s a prescription for tragedy; no wonder Communist governments slaughtered millions of their own citizens. But mass murder isn’t socialism’s only evil. When property is communal rather than private, cities fester in depressing dilapidation while pollution chokes the environment – all because everyone exploits what everyone owns.

 
Deficit Grows Ever Larger | Print |  E-mail
Written by John F. McManus   
Thursday, 28 August 2008 15:17

TapeOn July 28, White House Budget Director Jim Nussle announced that the expected deficit for Fiscal Year 2009 (it begins October 1, 2008) would be a whopping $482 billion. A record for red ink, the figure shatters the previous deficit of $413 billion set in 2004.

 
Laying Down Blame for Our Economic Troubles PDF  | Print |  E-mail
Sunday, 17 August 2008 18:30

Wall StreetAfter President George W. Bush asked guests at a Republican fundraiser to turn off their cameras — which at least one person failed to do — he proceeded to blame Wall Street for the current financial and housing troubles: “Wall Street got drunk.... It got drunk and now it’s got a hangover. The question is how long will it [take to] sober up. And then we have the housing issue.”

 
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