Posts tagged as:

Financial Crisis

The “Unexpected” Drop in Home Prices

January 25, 2010

Ok, can we drop the term “unexpected” when we talk about financial data?  I can’t remember when I’ve seen “unemployment figures fell as expected.”  You see, analysts bet on a particular number (i.e. 500,000 jobs lost) and when that number comes in over or under, it is “unexpected.”  For something to be “expected” it would [...]

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Government Caused this Crisis, Not Deregulation

March 27, 2009

One of the great sophistries of the current economic crisis, expounded by the President himself, is that it was caused by “deregulation.”  It sounds good in a stump speech, and some point to the modification of the Glass-Stegall Act in 1999, which allowed investment banks to compete against traditional banks, as the culprit of this [...]

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Stimulus Won’t Stimulate for Years

January 21, 2009

Inauguration festivities over, Congratulations to President Obama, time to get back to policy and regular politics.
Michelle Malkin has a post this morning on the Congressional Budget Office’s analysis of the $825 billion Economic Stimulus Package.  It seems the plan would barely release any of the money this year, and indeed only half of the highway [...]

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Thwarting the Will of the People

December 12, 2008

Last night, Senate Republicans successfully defeated the auto-bailout bill in a cloture vote (which requires 60 votes to succeed) due to lack of union concessions.  It is now being reported that the Bush Administration, through the Treasury Department, is going to ignore the will of the people’s elected representatives, and take $15 billion of the [...]

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Chicago Machine Shakes Down of Bank of America

December 10, 2008

The Chicago Machine has successfully extorted Bank of America into providing more bad loans (Frannie Mae and Freddy Mac all over again) to the ailing Republic Windows and Doors Factory.  This, after the Lord that Be  over our Socialist Republic, Barack Obama, decreed that Bank of America should make bad loans to pay for the [...]

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The United Socialist Republic of America

December 8, 2008

America is headed towards a Socialist state.  The current economic crisis, which is directly attributable to government intervention in the free market, is now being used to foster a new Socialist Democracy, threatening the ingredients of freedom that fostered America’s greatness for the past two centuries.
As we speak, a deal has been struck between Democrats [...]

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Support A Tax Holiday

December 1, 2008

Rep. Louie Gohmert (R-TX) of the Conservative Republican Study Committee is proposing an alternative to the Auto Industry bailout and Economic Stimulus packages, as well as the remainder of the Paulson Bailout money that has yet to be authorized by Congress.  His plan is to use the remaining $350 billion allocated from the bailout money [...]

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Black Friday Results Show Economy Not So Bad

November 30, 2008

Black Friday 2008 Retail sales rose 3% during this supposedly “Second Great Depression” year.  It is the smallest gain in three years (retail sales declined 0.3 in 2005, an otherwise good economic year). So in spite of all the “Sky is Falling” news surrounding the economy, and in spite of hysterical drive-by media coverage over [...]

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The Cost of the Bailout In Perspective

November 25, 2008

Barry Ritholtz is writing a book entitled Bailout Nation, about the current economic crisis and how we are using bailouts to try to solve it.  On his blog, he posted an interesting point, about the cost of the bailout.  When adding in the Citi bailout, the total figure thus far comes somewhere between $4.6 trillion [...]

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This Is Not the Second Great Depression

November 24, 2008

Calm the rhetoric.  Despite assertions to the contrary, the nation is not going through a second Great Depression.  When one looks at the two situations, there are very few similarities. From a strictly numbers perspective, we have a long way to go before we end up in a Depression-era financial situation.

Great Depression Unemployment reached a [...]

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Repealing the Bailout

November 17, 2008

Senator Jim Inhofe (R-OK) has circulated a letter this week to the Senate, making known his intentions to bring forth legislation in the lame-duck session of Congress to attempt to freeze the remaining funds authorized by TARP (Troubled Asset Relief Program), also known as the Paulson Plan or the Socialist Bailout Fiasco.  From Inhofe’s letter:
I [...]

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The Socialist Bailout Fiasco

November 12, 2008

Conservatives such as myself warned back in September that the Bailout Bill proposed by Secretary of the Treasury Henry Paulson, passed by Congress, and signed into law by President Bush, was a socialist disaster in the making.  The bill was supposedly passed to help shore up our nations credit and unfreeze the credit markets.  Aside [...]

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Obama is Lincoln and FDR, and He Isn’t Even President Yet

November 8, 2008

It’s only been four days since we elected Barack Obama to be the 44th President of the United States, and already the Associated Press is already in full-blown exaggeration mode.  According to an “analysis” by Deb Riechmann (interesting name considering where this post is going), the crisis Obama will face when he takes office is [...]

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Three Reasons McCain Lost

November 6, 2008

McCain’s defeat by President-Elect Barack Obama can be attributed to many factors, such as the media, Obama’s smoothness, Obama’s ground organization, etc.  Here, however, I am going to focus on three areas in the McCain campaign strategy that, had they done things differently, may have yielded a different result this past Tuesday. 
Response to the Financial [...]

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McCain Suspends Campaign

September 24, 2008

John McCain suspended his campaign this afternoon in order to return to Washington to help foster a “solution” to the current economic crisis.  The Paulson deal is near-dead, as according to Drudge, only four Republican congressmen support the plan.  He has asked for the Presidential debate scheduled for Friday to be postponed while he, Obama, [...]

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