Posts tagged as:

Wall Street

The Obama Bow

November 15, 2009

It took 44 Presidents and 220 years since the office of the American Presidency was jump-started by George Washington on Wall Street in late April 1789 before a President thought so little of his office and country to give a full bow to a foreign leader. We don’t bow to foreign leaders — it indicates [...]

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On TARP, The “Experts” Were Wrong

October 27, 2009

The Wall Street Journal, originally one of the biggest supporters proponents of the Troubled Asset Relief Program (TARP), wrote an editorial today about how they were wrong in pushing for its passage, and that it needs to end immediately. Unfortunately, the Obama administration is in no rush to end the TARP Program. The Journal now [...]

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Bailout BS

October 29, 2008

Those frequent visitors to this site know that I have been against the Paulson Socialist Bailout Package since its inception, and have felt that it was not necessary to fixing the economy, was put together too quickly to stem a supposed crisis that few understood, and was packed with pork that had nothing to do [...]

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Wall Street Votes on the Bailout

October 6, 2008

The first full day of market trading since the bailout of all bailouts was supposed to staunch the bleeding of the current economic crisis Wall Street decided to vote. Thusly, the Dow dropped a record one-day total of roughly 800 points before bargain hunters slowed the bleeding to a loss of about 330 by day’s [...]

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State of the Race – Debating on the Right

October 6, 2008

According to the recent polls, Obama currently has anywhere from a 3-point to a 7-point lead in any of the polls that really matter. Analysts attribute this primarily to the issue of the economy, but I think that it goes beyond that and to how the two candidates are presenting themselves to voters.
If you asked [...]

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Paulson Plan is Bad for the Economy

September 22, 2008

The Bush Administration has proposed the so-called “Paulson Plan” to fix the economic situation that we now find ourselves in. The plan would find the U.S. Treasury buying out $700 billion in bad mortgages that is currently crippling Wall Street, in the hopes to free up the credit market and allow Wall Street to rebound. [...]

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The Financial Mess

September 16, 2008

With the collapse of Lehman Brothers to Bankruptcy, and with Merrill Lynch being absorbed by Bank of America, our financial system is foremost on many people’s minds this week. Add to that the federal takeover of Fannie Mae and Freddy Mac last week, and the Bear Sternes collapse earlier this year, and we have a [...]

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