Economy
« Previous EntriesIt’s About the Banks, Stupid!
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The bank “stress tests” have accomplished something that was long overdue — it gave the markets an excuse to believe that the banks will be saved by the government, without full nationalization. As a result, it has given the banks a green light to start lending again.
Technorati Tags: banks, budget, democratic, Economy, financial, improvement, [...]
Obama and the Stock Market Crash
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Since Obama has become elected, the Dow Jones Industrial average has plunged around 22%. Is this Obama’s fault?
Technorati Tags: bailout, budget, deficit, dow, fleeced, inflation, morris, obama, stimulus, stock market, taxes, the obama economy, wall street journal
Obama’s Trojan Horse
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“Not because I believe in bigger government — I don’t,” so Obama declared to Congress. Alas, can any reasonable person believe this?
Obama is using our economic crisis as an excuse to alter the American capitalist paradigm, setting Government up to spend everything and take care of everybody when we cannot afford to do so. He is reallocating [...]
More Cartoon Stimulus Fun!
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Technorati Tags: allie, beeler, bok, cole, congress, fitzsimmons, keefe, margulies, obama, pelosi, political cartoon, stimulus
Is Obama’s “Magical Mystery Tour” Over?
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Well conservative columnist Charles Krauthammer thinks so, and makes a good case that it is. You can judge for yourself: The Fierce Energy of Pork (Washington Post, 2/6/09). Whether you agree or disagree (I agree), it’s a worthy read.
Technorati Tags: change, fear, krauthammer, lobbyist, obama, pelosi, pork, stimulus
Obscene Government Waste ($78 Billion!) with the TARP Bailout, and Stimulus is Now On Deck
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Elizabeth Warren, head of the Congressional Oversight Panel for TARP, testified today that the Treasury overpaid for toxic assets by as much as $78 Billion (see Bailout watchdog: Treasury paid too much). Her full report will be out tomorrow.
Well, no in depth commentary is necessary for this. Instead we have a staggering and inexcusable waste of [...]
More Stimulus Fun!
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This hilarious explanation comes from my friend (and GlobalPolitics.com commenter) Brian:
This year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:
“Q. What is an Economic Stimulus Payment? ”
A. It is money that the federal government will send to taxpayers.
“Q. [...]
Surprising Opportunities From the Global Economic Mess
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As bad as the global economic crisis is, there are some opportunities and benefits that we can derive from it, if the U.S. plays its cards well:
Business Reform– In my first Post on GlobalPolitics.com, Comment about the Purpose of Capitalism and Free Markets (12/17/09), I made the point that capitalism’s goal is true value [...]
Net-Zero Gasoline Tax
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In my Post, Impose a Modest Gasoline Tax Now (12/30/08), I advocate implementing a gas tax now that oil prices are so low. The eloquent conservative commentator Charles Krauthammer also recently wrote in The Weekly Standard advocating a gas tax. See The Case for a Net-Zero Gas Tax. He proposes making it “net-zero,” where we [...]
Stimulus Sloppiness, A Graphic Introduction
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Technorati Tags: allie, asay, bailout, obama, stimulus, trever
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