Obama’s Budget: Waste and Giveaways
President Barack Obama revealed new details in his fiscal 2010 budget on May 7, with a statement saying: “We can no longer afford...
Economics
Stop Inflation: Participate in “End the Fed”!
The hundreds of thousands of Americans who attended Tax Day Tea Parties on April 15 may now be asking themselves, "What's next?" After...
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Obama to Strengthen NAFTA Without New Negotiations
Speaking on April 20 in a conference call with reporters after returning from the Summit of the Americas, U.S. Trade Representative Ronald Kirk...
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The Tax Day Tea Parties
On April 15, the deadline for U.S. taxpayers to mail their income tax returns, hundreds of thousands of Americans from coast to coast...
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Creating “Wealth”: The Fed Shows No Reserve
When the Federal Reserve announced on March 19 its latest offensive against the financial crisis — to purchase more than $1 trillion in...
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Obama’s Disastrous Deficits
According to a new report released by the Congressional Budget Office (CBO), the deficits to be generated over the next 10 years by...
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From Riches to Rags: Inflation & Poverty in Zimbabwe
Economists have long used 1920s Germany as the classic example of what can happen to a nation when monetary inflation gets out of...
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Deficits vs. Stock Market Rally
H. Ross Perot used to talk about a “giant sucking sound” in the economy more than a decade ago. Back then, he talked...
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Shock & Awe Economics
With the passage of the $787 billion Obama-Democratic Congress stimulus bill, the die has been cast for America's economic future. This, the largest...
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Newsweek: “We Are All Socialists Now.”
Newsweek magazine published the following headline on the cover of its February 16 issue: “We Are All Socialists Now: The Perils and Promise...
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T-Bills Gone Wild: A Crash in Progress?
The credit rating of the U.S. government is falling fast. Treasury debt mechanisms have crashed in bond markets this year, forcing Treasury officials...
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This Year: $2 Trillion Budget Deficit?
“Easily in fiscal year 2009 it’s not out of the realm of possibility to have a $2 trillion deficit,” Mary Ann Hurley, vice...
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Obama: Capitalist “Risk-Taking” Created Recession
President Barack Obama blamed the current economic recession on “a binge of risk taking” by bankers in a Today Show interview that aired...
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Obama Budget Needs Trimming With an Axe
Barack Obama appointed Nancy Killefer as his "chief performance officer." It will be her job to find government waste to cut. Obama hopes...
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Socialism’s Success
Socialism, once abhorrent to most Americans, is increasingly being embraced by them. But is more socialism likely to reinvigorate the U.S. economy and...
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