During President Obama’s State of the Union address, he made numerous references to government “investments”; for anyone with a clue, he meant government spending. Even as the federal government’s debt approaches 100% of GDP, there was Obama calling for more spending. And not just any spending; he wants it to go the liberals’ pet programs du jour, while leaving in place spending for failed pet | Read More »
If you’re prescribed blood pressure medication, take it now before watching. As Ace points out, there is math in the video. Don’t let it worry you and stay with it. In fact, the math is what sets the point made in the video in complete context. Before you see it, remember who is in charge of the Treasury. Remember who had been previously in charge | Read More »
The Obama administration has decided to double-down on its class warfare and populist schtick in the wake of the loss of the Democratic filibuster-proof majority in the Senate with the win of Senator-elect Scott Brown. Teh Won has called on Congress to pass a 10-year tax on banks that received TARP money, even if the money, plus interest, was paid back; the cost to the | Read More »
Part I is here. Full disclosure; I am not an economist or an accountant, nor do I play those parts on TV. The opinions expressed below are mine and are based on observation and reading. As mentioned in Part I, Treasury Secretary “Tax Cheat” Geithner finally came up with more details on how the government plans to work out the mess in the financial and | Read More »
Full disclosure; I am not an economist or an accountant, nor do I play those parts on TV. The opinions expressed below are mine and are based on observation and reading. Treasury Secretary “Tax Cheat” Geithner finally unveiled his plan to get the credit and banking systems moving again by getting the federal government and private entities (backed by the federal government, including the Fed) | Read More »
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