When one thinks of a distressed company receiving strict marching orders for things like restructuring, contracts, etc., one thinks of bankruptcy court. Apparently, Emperor Obama has taken that responsibility upon himself: GM CEO resigns at Obama’s behest: The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he […]
A Straightforward Description of How Government Caused the Financial Crisis
March 25, 2009 by Leave a Comment
Simple to follow and easy to understand: AIG is Left Holding the Government’s Bag: On March 16, Obama said this about AIG: I do want to comment on the news about executive bonuses at AIG. … This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it’s […]
Naked Government Extortion – AIG Bonuses Not Returned Voluntarily
March 25, 2009 by Leave a Comment
There’s government extortion of the garden, tax-and-spend variety. And then, there’s government extortion of the naked variety: AIG Bonuses: Surrendered Under Pressure?: An email from the head of a controversial unit at AIG suggests employees who gave up their bonuses did not do so voluntarily, but feared their names would be released if they did […]
Resignation Letter from “Evil” AIG Executive
March 25, 2009 by Leave a Comment
Congress and the Obama Administration simply must have known the nature of the AIG contracts, bonuses, employee status, etc., and so when they stirred up populist hatred against hardworking people, they were guilty of terrible moral–and probably legal-crimes. It’s simply unfathomable to any rational person that the political leaders of a nation of laws (not […]
Obama – Worse Than Imagined
March 22, 2009 by Leave a Comment
Take a few minutes to read this: Obama’s “Extreme Makeover” of America: It is hard to decide any more which current government-spawned disasters and those to come one should dwell on. As on the popular TV program, ABC’s “Extreme Makeover: Home Edition,“ President Barack Obama is overseeing the demolition of the remnants of a republic […]
Federal Reserve “Essentially Printing Money”
March 18, 2009 by Leave a Comment
Yeah, no shit: Fed to Buy Treasurys, Expand Balance Sheet: With rates near zero, the Fed is now essentially printing money to increase the supply of credit in the economy. The rest of the article is worth reading as well, but that’s the money quote. Inflation, anyone?
FDIC Demonstrates the Fundamental Cause of the Financial Crisis
March 18, 2009 by Leave a Comment
If there were ever any doubts about why we’re in the current financial crisis, this should destroy them: FDIC Criticizes Massachusetts Bank With No Bad Loans for Being Too Cautious: A Massachusetts bank that has defied the odds and remained free of bad loans amid the economic crisis is now being criticized by the Federal […]
Atlas Shrugged #1 Amazon Seller in Literature and Fiction
March 15, 2009 by Leave a Comment
This is great news, although one could certainly wish for different circumstances: Atlas Shrugged is (as of right now) the #1 bestseller in Amazon’s “Literature and Fiction” category. No matter how you spin it, this is great news. To keep updated on it’s status: Amazon’s most popular Literature and Fiction.
Obama Ignores International Lessons in Government-Controlled Healthcare
March 5, 2009 by Leave a Comment
As one ponders Obama’s healthcare power grab, one should keep this kind of information in mind: Sweden’s Government Health Care: Government health care advocates used to sing the praises of Britain’s National Health Service (NHS). That’s until its poor delivery of health care services became known. A recent study by David Green and Laura Casper, […]
GOP Negates Perhaps the Best Thing Rush Limbaugh Has Ever Said
March 1, 2009 by Leave a Comment
It’s pathetic and discouraging that the GOP won’t stand behind Rush Limbaugh (not my favorite guy) when he says: “What is so strange about being honest and saying I want Barack Obama to fail if his mission is to restructure and reform this country so that capitalism and individual liberty are not its foundations?” That’s […]