Category: American Economy

Sometime back Congress thought the Baseball / Steroid issue was a matter of grave importance, so they held public hearings. Remember? Such high drama. Cameras and microphones, a more genteel version of the perp walk, and athletes grilled ‘til they …

The history of the American economic structure has been consistent with ups and downs from the beginning. The ups are always credited to the brilliance of upper corporate management, the tenacity of the individual entrepreneur and the hard work of …

President Bush and the Congress are about to transfer $700 billion dollars of taxpayer money to unethical bankers and investors whose predatory and unethical business practices have finally caught up with them. Make that caught up with us.

Senator Barack Obama once again reminded us during his Friday evening debate with John McCain at Oxford Mississippi, that his tax cut proposal will benefit 95% of Americans, omitting only the wealthiest taxpayers.

This date, September 26, 2008, will live in infamy as the date on which the United States of America trained its economic assassins and fiduciary thugs on the estate of John W. Lillpop, said estate heretofore entrusted to Washington Mutual …

There is much to celebrate in the collapse of Lehman Brothers and Merrill Lynch; not the fall of these companies in particular, but what the fall represents. It shows the impossibility of holding onto wealth and power in a free …

What Is A Trillion Dollar Bailout Really Worth? While most of America was enjoying the last weekend of summer and watching football, our unelected and unaccountable bureaucrats at the Treasury Department and the Federal Reserve were busy working on …

In reacting to this once in a century crisis, President Bush and Congressional leaders have reportedly reached an agreement to take yet another $700 billion dollars of taxpayer money to purchase bad debt from failing U.S. banks and other financial …

The short answer: No. The long answer: No. To correct a problem from the most diminutive dimensions to the magnitude of the problem haunting Wall Street, the banking industry, and the mortgage industry, one must comprehend three fundamental components: First, …

It’s safe to assume the smart young Harvard educated investment bankers sent more time in Boston brothels leaning how to screw people than they did in financial management classes. Now the question is who does the public blame? When someone …

In 1933, in the wake of the 1929 stock market crash and during a nationwide commercial bank failure and the Great Depression, two members of Congress put their names on what is known today as the Glass-Steagall Act . This …

As I turned on my computer and saw this headline, “FDIC may borrow money from U.S. Treasury,” glaring at me, I thought, “Wow! This just keeps getting better and better!” The article at forbes.com stated, in part, that, …

President Bush solidified his liberal credentials on July 30 when he signed a billion dollar giveaway to irresponsible home buyers, greedy, bloodsucking lenders, and two private institutions, Fannie Mae and Freddie Mac, created by Congress to stabilize, rather …

New York’s slow and extraordinarily costly shamble in rebuilding the World Trade Center after 9/11, now almost seven years ago, is a typical example of socialist state planning. This fiasco is a model for what so-called progressive liberals, led …

In the throes of the Great Gasoline Crisis of 2008, many irate citizens are wrongly blaming President Bush and the Republicans for it all, vowing to install veto-proof Democrat majorities in both chambers of congress and a socialist black Muslim …