Treasury Exposes Markets to Added Stress Flu
Markets are weighed down by worries over the new swine flu and the ongoing stress flu; the former from Mexico, the latter from the Treasury… Read More
Markets are weighed down by worries over the new swine flu and the ongoing stress flu; the former from Mexico, the latter from the Treasury… Read More
In August of 2008, the president of the largest SEIU local in the country, former-Los Angeles local member Tyrone Freeman, resigned after the Los Angeles Times… Read More
The Obama Administration tried to portray the plan as no big deal, akin to simply filling in a loophole. The idea was to provide the… Read More
General Motors today took one more step toward what is increasingly looking like an inevitable bankruptcy when its chief financial officer declared that it did… Read More
It seems that we keep being told that the policy is temporary, and is far short of nationalization, only for Congress to turn around after… Read More
In his Jimmy Carter-esque “New Foundation” speech Tuesday, President Barack Obama linked health care reform and deficit reduction claiming: “If we want to get serious… Read More
“Let me be clear: The United States government has no interest in running GM,” President Obama said just three weeks ago. He continued: “We have… Read More
“There is no disagreement,” said President Obama, “that we need action by our government, a recovery plan that will help jump start the economy.” Those… Read More
Cheerleading for his administration’s economic performance yesterday, President Barack Obama said: I absolutely agree that our long-term deficit is a major problem that we have… Read More
The Tax Foundation released its “2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution” yesterday. Some interesting findings include: 56 percent of… Read More
Bankruptcy law is rich with colorful vernacular: cram-down, strip-down, haircut, matrix, etc. But until a few weeks ago, nobody had ever heard of a “surgical”… Read More
Great question by Wall Street Journal editorial page assistant editor James Freeman today: The Obama administration wants to regulate venture capital firms to prevent systemic… Read More
After months of pressure from the federal government to push down General Motors’s and Chrysler’s debt loads, a deal remains far out of reach. With… Read More
Quid Pro Quo. The American Heritage Dictionary defines this Latin phrase as “an equal exchange or substitution.” Here’s another definition: When 17 United States Senators… Read More
Rule of law? Who needs it! That seemed to be the message of the Obama Administration as it seeks to maneuver around restrictions imposed by… Read More
Bloomberg reports today: The Federal Reserve’s $1 trillion effort to restart the market for securities backed by loans is encountering resistance from investors, undermining Chairman… Read More
For days, President Obama and 19 other world leaders have been meeting in London — with an occasional side visit with the Queen — to… Read More
Yesterday, four small banks became the first in the country to pay back taxpayer money received from the government. The banks – Old National Bancorp… Read More
All bankruptcies are not created equal. For months, Heritage and other conservatives have counseled that the proper course for an ailing automaker is the same… Read More
Jon Stewart wasn’t the only one to make fun of the Obama Administration for turning the White House into a car dealership. Jay Leno was… Read More
George Mason University economics professor Russell Roberts has a line by line rebuttal of President Barack Obama’s auto sales pitch from yesterday. Read the whole… Read More
Jon Stewart was awesome last night: The Daily Show With Jon Stewart M – Th 11p / 10c Carmageddon ’09 – Lemon Aid comedycentral.com Daily… Read More
Rian Wathen, Former Organizing Director for the UFCW, discusses card check. He discusses how union organizers can use corrupt methods to get people to sign… Read More
Last night, the CEO of General Motors, Rick Wagoner, was fired by the President of the United States. Perhaps not “fired” in the strict legal… Read More
The federal budget deficit is set to quadruple in 2009 to $1.75 trillion and President Barack Obama’s budget will add another $4.9 trillion in public… Read More
First Washington decided auto makers needed bailing out, next it was auto parts suppliers, not to mention “too big” insurance companies. Now one Congressman is… Read More
Should the federal government have broad authority to seize private financial institutions on the verge of collapse to keep them from harming the economy? President… Read More
This Fox News story perfectly encapsulates why American workers deserve to keep a secret ballot for union organizing consistent with our democratic principles. Whether the union needs… Read More
Commenting on Treasury Secretary Timothy Geithner’s latest bank bailout plan, Nobel Prize-winning economist Joseph Stiglitz told Reuters: Quite frankly, this amounts to robbery of the… Read More
