Geithner’s Nationalization Plan Won’t Work
It’s official: the Obama administration intends to nationalize the entire financial sector. If there were any lingering doubts as to the intentions of...
Economic Commentary
Obama’s Charm Offensive for Big Deficits
President Barack Obama is in the middle of his national tour to convince the American public that “we’re doing everything we can to...
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Channeling the Outrage Over AIG Bonuses
The American people are understandably outraged to learn that the American International Group (AIG), a corporate giant that has received almost $200 billion...
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CFR Corporate Members Get Lion’s Share of Bailout Funds
Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG) executives. And it’s nice to know where the millions...
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“Toxic Asset” Plan Based on Fascist Model
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....
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The Fed to Create More Than $1 Trillion
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...
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UN Panel to Say World Should Ditch Dollar
A United Nations panel is about to recommend that the world abandon the dollar as the world’s reserve currency, according to a Reuters...
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Fed Bailouts More Outrageous Than AIG Bonuses
All of the feigned outrage in Washington over the millions that AIG has been doling out in bonus payments, and the tens of...
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Obama Budget: A New Era of Irresponsibility
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...
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G20 Consensus Hostile to Free Market
If the talk at the G20 gathering in England is any indication, the hard-beset global economy is stuck between the devil and the...
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AIG, Bailouts, and the Banks
Official Washington is an a tizzy over new revelations, courtesy of the Wall Street Journal and dutifully amplified by other news outlets, that...
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The Inflation Tax
If the American taxpayers knew how much the federal government was actually costing them, there is no doubt that it would be much...
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Economy Killers
“The only way to fully restore America’s economic strength is to make long-term investments that will lead to new jobs, new industries, and...
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Stimulating Government, Not the Economy
ITEM: The New York Times reported on January 28, 2009: The stimulus bill ... is not just a package of spending increases...
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What the Shrinking GDP Means
The U.S. economy shrank at an annualized rate of 6.2 percent in the final quarter of 2008, almost double the 3.8 percent contraction...
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