Published May 04, 2009
How is Obama not a socialist? Under his "auto bailout" policy, the government would be taking GM and Chrysler away from the investors, with majority controlling interest for GM placed instead in the hands of the government (with 50% common stock ownership), and the majority interest for Chrysler (55%) to be given to the UAW union.
Published May 01, 2009
By now, the current recession is officially the longest since World War II. The National Bureau of Economic Research dates the recession as starting some time during December 2007. The longest recession since World War II was 16 months, with the average being 10 months.
Published April 20, 2009
Last Friday, the Environmental Protection Agency began implementing Obama administration policy with a "finding" that man-made global warming is a threat to human health. This finding provides the legal foundation for massive regulation of American life that would ultimately chase remaining manufacturing out of the country, sharply reduce America's standard of living, and tumble the American economy into long term decline.
Published April 16, 2009
Yesterday President Obama said that average Americans:
". . . need a government that is working to create jobs and opportunity for them, rather than simply giving more and more to those at the very top in the false hope that wealth trickles down .
Published April 15, 2009
Goldman Sachs just announced first quarter profits of close to $2 billion. Last Thursday, Wells Fargo forecast shockingly sharp first quarter profits of $3 billion. This is just the beginning of a series of financial reports from large banks that will show soaring bank profitability.