Obama Plans Wholesale Government Control Over Economy

Obama plans an unprecedented level of government control over the economy: Obama would regulate new ‘bubbles’: As he battles the economic downturn, President Barack Obama is bracing Americans for a recovery different than any in recent memory – not a go-go return to prosperity like the 1990s but a slow, steady climb to stability. “We […]

Credit Rating Agencies: Yet Another Toxic Government Influence on Finance

It should come as no surprise that the credit ratings agencies, which gave irrational ratings to what turned out to be worthless assets, are heavily influence by the government: A Triple-A Idea: ‘The disease has spread,” says University of San Diego law professor Frank Partnoy, in remarks to be delivered today at the Securities and […]

Obama: America to No Longer Be “Voracious Consumer Market”

I find this terribly disturbing: In Europe, Obama Faces Calls for Rules on Finances: Speaking on the eve of a summit meeting here to address the financial crisis, Mr. Obama acknowledged that regulatory failures in the United States had a role in the meltdown, but he urged world leaders to focus on solutions rather than […]

The Broken Window Fallacy – An Economics Lesson for the Obama Administration

A very nice piece on the Broken Window fallacy, perhaps the simplest way to describe the damage of government intervention: Broken Windows, Broken Principles: Many Americans have experienced the adverse consequences of the recent economic downturn: retirement savings wiped out, jobs lost, or at least a general feeling of financial uncertainty. Our leaders in Washington […]

Obama’s Twisted Rhetoric

Nice op-ed from the Ayn Rand Institute: Misrepresenting “How We Arrived at This Moment”: What must be done to recover from this financial crisis? Barack Obama rightly stresses that we first must understand how today’s problems emerged. It is “only by understanding how we arrived at this moment that we’ll be able to lift ourselves […]

A Lotta Hot Air?

I’m no expert on energy production, but this claim seems rather suspect: Salazar: Eastern wind could replace coal for power: ATLANTIC CITY, N.J. (AP) — Windmills off the East Coast could generate enough electricity to replace most, if not all, the coal-fired power plants in the United States, Interior Secretary Ken Salazar said Monday. But […]

And the (Fascist) Beat Goes On…

The Obama Administration demontrate their fascist side: Geithner to Banks: Get Federal Help, Government Decides Your Executive Line-Up: WASHINGTON — The government may require new faces in executive suites at banks requiring “exceptional assistance” in the future, Treasury Secretary Timothy Geithner said Sunday. Critics of the Obama administration’s move last weekend to force out the […]

Newspaper Calls Obama’s Economic Plan What It Is: Fascism

This is a remarkable editorial for its clarity: First the banks, now the automakers: Skipping right to the end: It appears the president and his men have entirely lost track of — if they ever really grasped — the fact that in America, major industries are not run by the government, and for good reason. […]

Surprise! Government Doesn’t Want Banks to Give Back TARP Money

Really, if anyone’s surprised that government doesn’t want banks to buy back their freedom by repaying TARP funds, I have some swampland I’d like to get rid of: Obama Wants to Control the Banks: I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in […]

The Left’s Latest Fascist Power Play: Compensation Limits for All

For all those folks who bought into the Left’s populist call to class warfare over the AIG executive bonuses: Beyond AIG: A bill to let Big Government set your salary: It was nearly two weeks ago that the House of Representatives, acting in a near-frenzy after the disclosure of bonuses paid to executives of AIG, […]