Translating Bernanke-speak About the Great Recession
When Fed Chairman Ben Bernanke says the country is in trouble, many aren’t listening, partly because the media wasn’t there reporting on it, and partly because those listening can’t...
About: Bob Adelmann
Posts by Bob Adelmann
Stuffing the Lame Duck (Congress)
In their haste to leave Washington and attempt to rescue whatever might be left of their political careers, politicians put off until a lame-duck session any serious discussion of...
The Real Costs of the Wars
When the book The $3 Trillion War debuted in 2008, it was roundly criticized by such notables as John Lott, Richard Zerbe and Edgar Browning, who held that estimates...
The Coming Third Trillion-dollar Bailout: The States
It was appropriate for Meredith Whitney to title her latest 600-page report for her investment clients The Tragedy of the Commons. That title was borrowed from an article written...
Bank Failures: 127 Down, 800 to Go
When Zacks Equity Research announced on Monday the failure of two more banks in the current recession, the silence was deafening. The report blamed the usual suspects: “tumbling home...
Wiretapping Your Emails
As communications technology has raced ahead of government attempts to tame it, in the name of law enforcement, the Obama administration, the FBI, the Department of Justice, the National...
Pulpit Freedom Sunday Confronts IRS
On Sunday more than 100 preachers will be speaking out on political issues and candidates in direct contravention of the IRS. And then each preacher will send a recording...
Armed Citizens 1, Criminals 0
The report from NewsNet5 in Wadsworth, Ohio, was scarcely considered news, rating only a few brief paragraphs: “A gun-carrying couple helped [police] catch a man who was allegedly beating...
GM Caught in a Lie, Still Owes The United States Billions
Daniel Akerson, the new CEO of General Motors, said last week that the rate of payback of U.S. government bailout monies "will be determined by GM's performance over the...
Bell City: Lessons in Looting
Eight former or current Bell, California, officials were arrested on Tuesday for looting the city for themselves and their friends, according to Los Angeles County District Attorney Steve Cooley....
Recession is Over?
With a straight face, the National Bureau of Economic Research (NBER) announced that the Great Recession ended last June. June of 2009, that is. This made the current recession...
Who is Mike Pence?
In an early straw poll, Rep. Mike Pence (R-Ind.) was the choice for presidential nominee in 2012 over such conservative luminaries as Sarah Palin, Mike Huckabee, and Mitt Romney....
Reids Lame Duck Session: Just Mopping Up?
Last Tuesday, September 7, when Senate Majority Leader Harry Reid (D-Nev.) said he intended to focus the current lame duck session on "mopping up" leftovers from the previous session,...
The Impeachment of Judge Porteous
The impeachment of Judge G. Thomas Porteous of the U.S. District Court for the Eastern District of Louisiana appeared initially to be an “open and shut” case of bad...
Austan Goolsbee Is Obamas New Top Economic Adviser
Few were surprised when President Obama replaced Christina Romer, chair of his Council of Economic Advisers, with another statist economist, Austan Goolsbee. Goolsbee is the architect of Obama's failed...