January 20, 2009
January 19, 2009
The Washington Post reported Sunday that Obama’s top donors gave more than $100,000 to his campaign by giving to various entities working to get Obama elected. The report is more evidence that campaign financing laws are not effective in preventing big money from playing a key role in politics...
go to article »January 13, 2009
Krugman warns that 40% of Obama's $775 billion rescue plan is just tax cuts, and this package is not likely going to be sufficient to avert a prolonged recession. Krugman alluded to ". . . the gap between Mr. Obama’s stern economic rhetoric and his somewhat disappointing economic plan": “I d...
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Towns in America are flooding the Government with requests for projects to be included in the economic stimulus package being assembled by President-Elect Obama and Congress. USA News reports on how the town of Edwardsville, Alabama has put forward proposals for $375 million of spending. Edwardsvill...
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MSNBC reports that Iran has become quite adept at using fake and existing foreign companies to buy technology it is not allowed to possess. Iran has illegally bought technology it uses for roadside bombs, which it then gives (or sells) to terrorists in Iraq, according to both independent experts and...
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You can't cut the taxes of people who don't pay any (Did I really have to just say that). Apparently I do because the media and every moronic Obama supporter doesn't seem to realize that. Similarly, you're not offering a tax cut if you don't cut the tax rates, which Obama is not doing. All he's ...
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The challenge Barack Obama faces is being compared with that of Franklin Delano Roosevelt during the 1933 depression and of Abraham Lincoln at the start of the civil war. Another analogy suggests itself, with Mikhail Gorbachev's perestroika. Then, in 1985, the USSR was at war, its economy sta...
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The already out of control deficit of the United States federal government will become even worse in the coming years, President-Elect warned Americans this week. He said they face ““trillion-dollar deficits for years to come” and that Americans should prepare for it. One of the main r...
go to article »January 8, 2009
Many conservatives argued that bailing out financial institutions would be unwise because more companies and entire sectors would request a bailout; since the U.S. government bailed out banks, it could be difficult for it to refuse the requests of others. Additionally, many feared, one bailout could...
go to article »December 19, 2008
So, let me get this straight: You approve, without review, almost a trillion dollars to bail out the financial companies who created this mess to begin with, and who need the money to cover their bad mortgages. That, you have no problem with. But when the Car industry, whose existence fuels almost 3...
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