Economic Commentary
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...
Obama Outlined Economic Fascism to Congress
President Barack Obama outlined a financial plan in his February 24 address to Congress that meshes eerily with the fascist economic plan Benito...
Read moreNew “Stimulus” Law Just a Beginning
President Barack Obama today signed into law the $787 billion “stimulus” bill — a.k.a. the American Recovery and Investment Act — that is...
Read moreObama Getting Away With “Failed Policies of the Past”
Why doesn’t someone in the mainstream media take Presidenat Obama and his spokesmen to task for their ridiculous pledges not to repeat “the...
Read moreBankruptcy (a.k.a. Stimulus) Bill Clears Congress
As the massive new stimulus bill, which President Obama is now preparing to sign into law, was undergoing consideration in the Senate, Americans...
Read moreThe Fed’s Hockey Stick Chart
On his January 29 TV show, Glenn Beck drew national attention to a relatively obscure graph of our nation's "monetary base" (a narrow...
Read moreGeithner Unveils Lastest Financial Bailout
In a speech in the Treasury’s Cash Room today, Treasury Secretary Timothy Geithner unveiled yet another initiative to stop the financial crisis in...
Read more“Supersizing” the IMF
Is the International Monetary Fund headed toward becoming the Federal Reserve of the world? Although one-world elitists in political and banking circles have...
Read moreParallels With the Great Depression
What began early last year as a "credit crunch" and an "economic downturn" is now being characterized as a "long, severe recession." Once...
Read moreStimulus: More Spending or More Tax Cuts?
Should the stimulus bill be amended to place more emphasis on spending, or should it instead be amended to place more emphasis on...
Read moreEconomics and Common Sense
Common sense tells us that government cannot resuscitate the American economy and restore it to good health by spending more money and going...
Read moreFederal Reserve as Corporate Overlord and “Super-Cop”?
Congress is considering granting the Federal Reserve Bank dramatic new powers by this spring, according to the Washington Post for January 26. According...
Read moreHouse Republicans Voted Unanimously Against Stimulus Bill
The House of Representatives yesterday passed the $819 billion American Recovery and Reinvestment Act, delivering President Obama his first major political victory and...
Read moreStudy Claims Interest Rate of Zero Is Too High
A recent analysis by Goldman Sachs, one of the Wall Street investment banks which benefitted from the recent federal government bailout, concludes that...
Read more“Stimulus” Spending Will Harm Recovery
Congress is now considering the American Recovery and Reinvestment Act of 2009, the latest barrel of pork to be tossed into the recessionary...
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