As the financial industry slips further into despair and drags the economy down with it, I can’t help wondering how the brightest minds in the financial world failed to see this coming. The only answer I get in return from our esteemed presidential candidates, the talking heads on TV and virtually everyone else I’ve...
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President Bush vowed to get the $700 billion economic rescue plan through congress in a statement to the media made today. “Yesterday, the House of Representatives voted on a financial rescue plan that had been negotiated by Congressional leaders of both parties and my administration,” Bush reminded the audience. “Unfortunately, the measure was defeated...
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When facing a major financial problem, it is not uncommon to face the temptation to do something foolish at best or something evil at worst. Our elected officials and un-elected monetary and financial authorities are on the brink of doing both. Although the House of Representatives defeated the initial proposed $700 billion bailout of...
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The proposed bailout of failing financial institutions has the Republican and Democrat Parties looking like they are about to switch roles again as they did at the turn of the last century. In a sweeping move toward socialism, our Republican president, his Treasury Secretary Henry Paulson, and Republican Congressional leadership are leading efforts to...
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The biggest bailout plan (so far) will continue to be revised in an attempt to win approval of a congressional majority. The goal of the Emergency Economic Stabilization Act of 2008 is to put the brakes on the unwinding of the largest debt and leverage bubble in history in the hope of preventing a...
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The US House of Representatives rejected a bill on the USD 700 billion bail out of US banks. The voting on the bill has completed. Bush delivering a statement of his support of this bill Image: Chris Greenberg. Bush delivering a statement of his support of this bill Image: Chris Greenberg. If passed, the...
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The Values plank of the Republican Platform 2008 contains a section on Preservation of Traditional Marriage. The gist is not new. The federal government has mangled marriage and family to the point of legally destroying the institutions and now they’re leaving their mess in the states. There is an additional sentence tacked on at...
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I often think that I would be better at covering the political circus if I spent more time developing the skills of a comedian. How do we laugh at this one? The left, and the Obama campaign in particular, have spent many months promoting the imaginary doctrine of “change.†If you have been through...
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I am deeply disgusted by the lack of personal financial commitment that Senator Joe Bidden shows to the domestic violence victims he claims to care about. The Saturday, September 13, 2008 edition of The Boston Globe reported that Senator Biden and his wife, last year (2007) claimed $995 in deductions for charitable giving, out...
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Adopting the rhetoric of the radical left, Rep. Luis Gutierrez (D-Ill.) explicitly compared the actions of the Immigration and Customs Enforcement (ICE) agency to those of Nazi Germany’s most infamous secret police force, the Gestapo. In response to that despicable comparison, the Federation for American Immigration Reform is joining officials of the Department of...
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United States immigration and State Department officials fear that their newly developed, high-tech visas are being sold on the Mexican black market. The US government hoped the newly designed visas would help in curtailing rampant illegal immigration at the Mexican border, but investigators believe many of them are being bought or rented by Mexicans...
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It means different things, depending upon your religious faith. Responding to Senator Obama, Citizen of the World, a reader emailed this observation: June 17, 1982 – Ronald Reagan speaking to the United Nations General Assembly, “I speak today both as a citizen of the United States and of the world. I come with the...
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There is a striking parallel between the naivete of Senator Obama and President Woodrow Wilson in their expectation of imposing a liberal-progressive model of peace upon a fractious world. Senator Obama’s faith that his personal diplomacy with our sworn enemies will transform them into reasonable and peaceful partners is as old as American liberal-progressivism....
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Right.
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