House 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...
Economic Commentary
Study 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...
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“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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An Americanist Economic Perspective
Art Thompson, CEO of The John Birch Society, parent company to The New American, offers his advice on what steps to take to...
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Uncle Sam Grabs the Wheel
ITEM: Reuters reported on December 30: "The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying...
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More Fright-peddling, More Bailouts
Round two of the economic crime of the century has begun. On January 12, Lawrence Summers, President Obama's designee to become director of...
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Banks, Nationalization, and the Times’ Spin
In an unwonted episode of lucidity, the New York Times proclaimed in a recent headlilne that the "Rescue of Banks Hints at Nationalization."...
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Stimulus Price Tag Continues to Rise
The price tag for the incoming Obama administration's proposed stimulus bill continues to rise. This morning, a few hours in advance of a...
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Obama’s Stimulus Plan Will Cost at Least $187,800 Per Job
According Barack Obama's presidential transition team, the new stimulus plan being prepared by the upcoming Obama administration can be expected to create between...
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GM Bailout a Sop to Cerberus?
The recent decision by the federal government to bail out GMAC, the financing arm of General Motors, encouraged the illusion that the federal...
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Bailout Mania!
The Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history....
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Bernanke’s Money Maneuvers
Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression. ...
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Ponzi, Madoff, and the Fed
Poor Charles Ponzi is getting another media drubbing. News stories, of late, have been declaring Bernard Madoff's spectacular investment fraud case "the biggest...
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Money for Nothing, and Blue Chips for Free
On December 16th, the Federal Reserve announced a record-setting cut in interest rates, targeting the federal funds rate at zero to a quarter...
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Bernard Madoff and Financial Pyramid Schemes
The world’s wealthy and well-connected are reeling from disclosures that an international investment giant – Wall Street-based Bernard Madoff Investment Securities LLC, run...
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