Tag: Financial Meltdown
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Financial Services “Reform” to Complete Obama’s Tragic Trifecta
ObamaCare is such a train wreck that Americans support repealing it by a 2-1 margin. Don’t even get me started on the wasteful and dishonest Porkulus bill. And now comes yet another 2,000-plus page bill, a financial services "reform" measure that does a lot of things — but fails to address the actual causes of the financial meltdown that began nearly two years ago and has us staggering still.
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Why Christie’s on the Right Track, in Three Paragraphs
New Jersey’s new governor is determined to reverse the state’s “failed experiment”, which consists of taxes chasing deficits in an ever-ascending spiral. A Barron’s article does the most concise job I’ve seen of explaining what he’s up against, and why his efforts should be supported. Unlike his predecessors, Republican Gov. Chris Christie has recognized that […]
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New Jersey Is “A Failed Experiment”
Who is this trash-talking, Jersey-bashing heretic attacking my beloved adopted state? Well, he’s the new Governor of New Jersey, Chris Christie. And I find myself liking him more every time I hear him speak.
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Honest Labor: From Mach 2 to Muenster to Madison
In which your scribe rediscovers the redemptive power of work.
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Revisiting Cash for Clunkers
The Wall Street Journal has just labeled the Cash for Clunkers program "one of Washington’s all-time dumb ideas." (Hyperbole, of course — no program costing a "mere" $3 billion could possibly qualify for the all-time dumb list.)
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“Porkulus” Was a Travesty, but “Cash for Clunkers” is Kosher
I wasn’t aware of the “Cash for Clunkers” program until today, when they started talking about ending it prematurely because it was running out of money. I’m not in a position to take advantage of the program personally, but I’m glad that it looks like Congress will add more money to it. I think the […]
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Obama Wins Battle to Defund F-22 — and I’m Glad
Just hours after celebrating a decline in “the administration’s ability to steamroll Congress,” I find myself celebrating a successful Obama veto threat. With Senators crossing party lines in both directions, the Senate voted 50-48 today to strip $1.75 billion in funding for additional F-22 fighters from a military authorization bill. Hawk though I am, I’m […]
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A Tip for Business Owners Navigating in a “Jobless Recovery”
The economy is sending mixed signals — which at least is an improvement over just a few months ago. Newsweek reports today that “the Fed has become both more optimistic and more pessimistic,” with GNP expected to recover slightly more quickly than previously expected, even while unemployment creeps slightly higher. The term “jobless recovery” is […]
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It Didn’t Work the First Time, So Now: Porkulus II
At The American, the Journal of the American Enterprise Institute, Phil Levy writes: As unemployment rises ominously toward 10 percent and the economy continues to appear listless, leading economic voices have begun to call for a second fiscal stimulus. The first stimulus was controversial among economists; it seemed to discard a great deal of what […]
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Madoff Hoped for Eventual Freedom
Bernie Madoff got the maximum sentence of 150 years in prison for stealing billions in what the judge called his “extraordinarily evil” Ponzi scheme. Probably it should now be renamed a Madoff scheme — Mr. Ponzi has been dead since 1949, and his take was denominated in mere millions. He was sentenced to only five […]