Economic Commentary

Obama’s “Glimmers of Hope” for Economy

President Barack Obama’s statement last Friday that we’re “starting to see ... glimmers of hope across the economy” has gotten quite a bit...

Gary Benoit April 13, 2009

“Conspiracy Theorists” Not So Crazy After All

William F. Jasper April 3, 2009

Sometimes one wonders what it will take to wake people up and shake people up. It can become tiresome being labeled a kook,...

G20 Pledges Supersized IMF

Gary Benoit April 2, 2009

The much-ballyhooed G20 London lollapalooza is over, and things are going to change, according to world leaders. “A new world order is emerging,...

Global-currency Call Gets Nod From Geithner, Others

William F. Jasper March 27, 2009

U.S. Treasury Secretary Timothy Geithner has given a nod of approval to China’s call for a global currency to replace the dollar, joining...

Geithner’s Nationalization Plan Won’t Work

Charles Scaliger March 26, 2009

It’s official: the Obama administration intends to nationalize the entire financial sector. If there were any lingering doubts as to the intentions of...

Obama’s Charm Offensive for Big Deficits

Thomas R. Eddlem March 25, 2009

President Barack Obama is in the middle of his national tour to convince the American public that “we’re doing everything we can to...

Channeling the Outrage Over AIG Bonuses

Gary Benoit March 24, 2009

The American people are understandably outraged to learn that the American International Group (AIG), a corporate giant that has received almost $200 billion...

CFR Corporate Members Get Lion’s Share of Bailout Funds

Thomas R. Eddlem March 23, 2009

Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG) executives. And it’s nice to know where the millions...

“Toxic Asset” Plan Based on Fascist Model

Charles Scaliger March 23, 2009

The Obama administration’s long-awaited proposal to remove so-called “toxic” mortgage-backed assets from U.S. banks has finally been unveiled, to huzzahs across the globe....

The Fed to Create More Than $1 Trillion

Charles Scaliger March 19, 2009

If there were any lingering doubts as to where the Federal Reserve’s expansive monetary policies are leading, they were dispelled by yesterday’s shocking...

UN Panel to Say World Should Ditch Dollar

Charles Scaliger March 19, 2009

A United Nations panel is about to recommend that the world abandon the dollar as the world’s reserve currency, according to a Reuters...

Fed Bailouts More Outrageous Than AIG Bonuses

Charles Scaliger March 17, 2009

All of the feigned outrage in Washington over the millions that AIG has been doling out in bonus payments, and the tens of...

Obama Budget: A New Era of Irresponsibility

Thomas R. Eddlem March 16, 2009

President Barack Obama has just recently released his $3.55 trillion fiscal 2010 budget, and already there's full employment among all the people who...