From the daily archives:

Tuesday, February 23, 2010

Is Obama a Socialist?

February 23, 2010

He’s orchestrated the wholesale takeover of the auto industry, he is attempting to confiscate 1/6 of the U.S. economy, he wants to nationalize the student loan industry, he wants tighter control over the banking industry and mortgage industry, and he wants to control the salaries of executives.  Bill O’Reilly doesn’t think he’s a socialist, but [...]

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Obama Proposes Takeover of America’s Health Care System

February 23, 2010

Barack Obama put forth his health care proposal yesterday, a nearly $1 trillion budget-busting takeover of 1/6 of the U.S. Economy.  Now, usually, American Presidents typically propose legislation before both houses of Congress pass their own versions, but I digress.  The plan is very similar to the Senate plan, but imposes new taxes, weakens the [...]

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Credit Default Swaps on Treasuries Becoming Hot Commodity

February 23, 2010

Credit Default Swaps on U.S. Treasuries are rising in price and becoming a hot commodity.  Credit default swaps are essentially insurance against default.  They are typically purchased against other countries’ debt, not the debt of the United States.  Investors are getting nervous about the unsustainable $14 trillion debt and $1.9 trillion annual deficits, and are [...]

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