Author Archive

On youtube. One thing is for sure, we can’t keep spending more and money and expect to get out of debt! U.S. government solvency is threatened by the Obama budget.  Read More →

Book recommendation, written by my favorite talk radio host, Mark Levin: Liberty and Tyranny Enjoy!!  Read More →

The spending thus far in the Obama administration has been nothing short of fantastic in size – a $787 billion worth of “stimulus” and a $410 omnibus spending bill, $1.1 trillion of “toxic asset” purchases by the Federal Reserve, and more. On the heels of a Bush administration that had already spent $700 billion of its own on “stimulus” and a host of other programs related to financial “recovery,” total outlays of government spending related to the recession hovers around... Read More→

It now seems apparent, obvious to me that we’ve put in office a doctrinaire Marxist. This statement might seem unnecessarily controversial, but anyone who takes the time to familiarize themselves with Marx and the history of Communism would likely agree. (Why else would he be demonizing our capitalist system and its producers from the Presidential podium on a regular basis, driving our stock market down and down and down, without respite?) Or, to paraphrase David Limbaugh, if you still doubt... Read More→

This from ABC News –Senator Lindsay Graham (R-SC) says option to nationalize banks should be on the table This is disturbing on many levels. One of the most troubling aspects of Graham’s suggestion is that he is identified as a “conservative Republican.” No, he is not (advocate of amnesty for illegal aliens, for one), and no, this is not a conservative position. Republicans will never win another election if they keep talking like this, and the media are happy to identify... Read More→

Secretary of the Treasury, Timothy Geithner, has announced that bank rescue might reach $2 trillion. It’s almost like the Democrats want the economy to never recover. Prediction: Most banks will effectively be nationalized by the end of the year.  Read More →

Here’s a link to Prof. George Reisman’s (Professor Emeritus of Economics at Pepperdine University) retort to Maureen Dowd’s NYT column on executive compensation. …I’m thinking even a Democrat would realize she’s in over her head.  Read More →

This is no place to comprehensively review TARP and the sub-prime mortgage crisis, and I know for a fact that there are more authoritative sources than the me, a political hobbyist. But in light of yet another “stimulus” bill, it is helpful to have a fundamental understanding of the underpinning ingredients of this unprecedented government intervention in our economy. To understand how a burst housing bubble can cause so much misery, one needs to understand first the function of prices in a market... Read More→

It’s difficult to stomach the daily news cycle when news pundits and commentators butcher the English language like a German would Wiener schnitzel. In the world of our supposedly bias-free press, words lose their meaning, and as even a cursory knowledge of the philosophy of Ludwig Wittgenstein (a la Wikipedia) would predict, logical analysis cannot therefore exist. What is a “toxic” asset? It’s not, as the word “toxic” connotes, a poisonous contagion that if left on the balance sheets... Read More→

This From CNN: “The Senate agreed Wednesday to soften a “Buy American” provision in its economic stimulus package, clarifying that the clause will not override existing U.S. trade treaties.“The so-called “Buy American” provision in the $900 billion stimulus plan would have mandated that only U.S.-made goods be used in projects funded by the bill. Lawmakers who supported the provision said it would help jump-start the economy because it would help American companies.” A... Read More→