Economic Commentary Archives

America’s GDP, Economy Shrink – Again

Despite rosy earnings reports from some closely watched corporations, the Great Recession is far from over, according to the latest economic data from...

Charles Scaliger April 29, 2009

Did Bernanke and Paulson Commit Bank Fraud?

Thomas R. Eddlem April 28, 2009

New revelations from the New York State Attorney General’s office have all but proven that Federal Reserve Chairman Ben Bernanke and former Treasury...

Foreign Aid: Give ’Til It Hurts, Repeat

April 27, 2009

Item: The Washington Post for March 31 reported: “The billions of dollars spent in U.S. aid to Afghanistan over the past seven years...

The High Cost of Cap and Trade

April 27, 2009

Cap-and-trade programs to control carbon-dioxide emissions are an unacceptably costly way to deal with the supposed problem of man-made global warming. ...

Dave Ramsey’s Town Hall for Hope

Patrick Krey April 25, 2009

Dave Ramsey on Thursday evening, April 23, held a town hall-style meeting in Oklahoma City that was webcast to about 6,000 sites, mostly...

Obama’s Counterproductive Economic Plan

April 24, 2009

President Obama on April 10 emerged from a high-level meeting with his economic team and proclaimed there were “glimmers of hope across the...

Credit Card Crackdown

Charles Scaliger April 23, 2009

Next up for the federal government: the credit card industry. Having already thrown trillions in taxpayer dollars at the banking sector, and having...

20 Criminal Investigations for TARP Bailout

Thomas R. Eddlem April 21, 2009

Neil Barofsky, special inspector general for the TARP, informed Congress April 21 that he has opened 20 criminal investigations and six audits in...

Following the Economic Lead of a Third World Country

Kurt Williamsen April 16, 2009

The BBC reported on April 14 that one city in Egypt, Damietta, still has zero unemployment in these difficult economic times. That’s surprising,...

Global Fusion: The G20, IMF, and World Government

William F. Jasper April 15, 2009

Suppose we had conducted a national opinion poll a few months ago to canvass Americans on their opinions of the G20. Most respondents,...

Printing and Spending Our Way to Prosperity

Steven J. DuBord April 14, 2009

ITEM: An editorial entitled "The Federal Reserve acts boldly to ease credit conditions" in the Seattle Times for March 20 commented: "The Federal...

Fiscal 2009 Deficit: $956.8 Billion Already!

Thomas R. Eddlem April 13, 2009

After a record $192.3 billion federal budget deficit for March, the U.S. Treasury Department reported a $956.8 billion federal deficit for the first...