Standard & Poors: Clock is Ticking on U.S. Debt
Within minutes of Monday morning’s announcement by the credit-rating agency Standard & Poor’s that “we have revised our outlook on the long-term rating [for US government debt] to negative...
About: Bob Adelmann
Posts by Bob Adelmann
The Panic of 1893: Boosting Bankers’ Money and Power
Legendary finance mogul J.P. Morgan, one of the original proponents of public-private partnerships, promoted central banking and laid the groundwork for the Federal Reserve. ...
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The Conspirator
"Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities," Mark Twain said. Obviously, when conspiracy and deception are involved, the truth can...
Atlas Shrugged: the Movie
Something is terribly wrong. The Dow has dropped below 4,000, gasoline (when available) costs $37.50 a gallon, the nation's infrastructure is deteriorating, businessmen are wearing sandwich boards asking for...
Pawlenty: Im Running for President! Soon
When former Minnesota Governor Tim Pawlenty (pictured) was being interviewed on CNN last week, he was asked if he would accept the position as Donald Trump’s running mate for...
Donald Trump the Populist and Pragmatist
The February 22nd Newsweek poll followed by the Wall Street Journal/NBC poll showing billionaire Donald Trump eclipsing his nearest Republican rivals and even challenging incumbent President Obama has caused...
Donald Trump Trumpets Birther Issue
Real estate magnate Donald Trump’s likely candidacy for President in 2012 surfaced last September with an anonymous telephone poll of voters in New Hampshire. Denying any involvement in the...
Investors in U.S. Debt at Tipping Point?
When Terence Jeffrey, writing for CNSNews.com, noted that true federal spending for the fiscal year 2010 wasn’t $3.7 trillion after all, but closer to $11 trillion, he discovered an...
Impact of a Government Shutdown
As the rhetoric is increasing, so are the chances for a government shutdown. Following a meeting with House Speaker John Boehner and Senate leader Harry Reid, President Obama expressed...
The Panic of 1893: Boosting Bankers’ Money and Power
Junius Morgan was, at best, a third-tier English banker in the 1850s, who was fortunate to have had a hand in a number of lucrative financings, mostly for industries...
Paul Ryans Plan Unveiled, Reviled, Applauded
Now that Rep. Paul Ryan (R-Wis.) has unveiled his “Path to Prosperity” budget, nearly all discussion is focusing on the details and not on the proper role of government....
$4 Trillion in Cuts Proposed by GOP Rep. Paul Ryan
During an interview on ?Fox News Sunday?, Rep. Paul Ryan (R-Wisc.), chairman of the House Budget Committee, outlined many of the details of the GOP's 2012 budget proposal that...
Cato Puts Budget-cutting Debate in Perspective
The Cato Institute’s just-announced ad campaign in major newspapers around the country asks rhetorically, “This is leadership?” and then neatly summarizes numerous areas where major budget cuts could be...
Continuing Revolution Tea Party Rally Raises Questions
Mark Meckler, co-founder of the Tea Party Patriots, is the organizer behind Thursday’s “Continuing Revolution” rally at the Capitol, and said that: ...
A Harvard Professor’s Goofs, Gaffes, and Blind Spots
Harvard Professor Gregory Mankiw (picture, left), in writing a hypothetical speech in the New York Times for the President in the year 2026, thinks politicians can kick the entitlements...