Categories
Politics

Bailout Watchdog just an Overpriced Rubber Stamp

OpenCongress is upset that a Republican senator is holding the confirmation of the Special Inspector General at the Treasury Department whose job is to “oversee the whole process and make sure that the taxpayers’ money was being used legitimately” for the bank bailout. Sen Bunning: $50 million for Watchdog to Watch Nothing They speculate that […]

Categories
Business

Once Again, Jim Rogers States it Like it is

What they’re doing is they’re taking the assets away from the competent people, giving them to the incompetent people and saying to the incompetent: “Okay, now you can compete with the competent people, with their money.” I mean this is terrible economics. This is outrageous economics. Good stuff.

Categories
Opinion

The Bank Bailout is a Fraud

If this wasn’t already obvious from the reports of congressmen ignoring 95 per cent negative feedback or the fact that $100 billion in pork was required for it to pass the House or that funds are going to politically-connected organizations, then it should be dead obvious now that Treasury Secretary Paulson has unilaterally decided to […]

Categories
Opinion

Obama wants to Spread YOUR Wealth to GM’s Pockets

Obama is desperate to bailout General Motors and even says the bank bailout bill that passed recently amid great controversy gives the President the discretion to do so. Is this change? Obama has been far more receptive than Bush to having the government intervene to rescue another major sector of the economy. He called automakers […]

Categories
Opinion

Failure Should be an Option

A letter to the editor of Peoria Journal Star shows discontent in the heartland over the Bear Sterns bailout and asks “Why accumulate wealth through innovative thinking and hard work only to have it redistributed to crooks and morons?” In the news almost every day now are stories of homeowners whose properties are falling into […]