Tea Party map! Order TEA for Tax Day protest! Wear “Tea” stickers
www.thepoliticalclass.com Two items for everyone: 1. Everyone should order TEA for lunch on APRIL 15th. Make every restaurant run out and tell them why. I know some people can’t make one of the Tea Parties. BUT you can order tea for lunch. Or wear a tea bag as a lapel pin. Our congressional reps should print out some “tea” stickers that you can wear on | Read More »
Czech Prime Minister – Obama’s plan is ‘road to hell’
Another Czech leader, along with Czech President Vaclav Klaus, knows what 47 million American voters already knew, Obama is an economic illiterate, Marxist, and his policies are a one way, non-refundable, ticket to hell. From Guardian dot co dot uk: The scale of transatlantic friction over a concerted plan for global economic recovery was exposed today when the current European Union president branded Barack Obama | Read More »
Tim Geithner’s Excellent Ponzi Scheme
As our Prompter in Chief loves to say, “Let me be clear!” This proposal to buy toxic assets by Treasury Secretary Geithner is nothing more than a huge Ponzi scheme! The banks will now be able to use our taxpayer money via the TARP funds to invest a fractional amount into the very assets that caused the taxpayers to give the banks TARP money in | Read More »
Barney Frank’s bill will control salaries of ALL employees of EVERY company that took bailout money.
www.thepoliticalclass.com Barney Frank’s bill will control salaries of ALL employees of EVERY company that took bailout money. Barney Frank has quietly introduced a bill that will control the salaries of every employee of companies that took government bailout money. The DC Examiner reports here. Who would have guessed that was coming? Wait – we did here and here. in a little-noticed move, the House Financial | Read More »
This May Be Crumbling Faster Than We Expected….
A couple weeks back, your humble correspondent was on a conference call organized by Rep. Kevin McCarthy (R-CA). One of his guests that day was Rep. Mark Kirk (R-IL). The most fascinating part of the discussion was Rep. Kirk’s description of his visit to the Bureau of the Public Debt to watch a debt auction…. and his discussion with folks there about the implications that | Read More »
Which are Reliable Indicators of a Strong National Economy?
One of the fun things about living in an Information Age is that we not only have near-instant access to financial data, but also a multitude of data sources to look at. It seems there’s a new report every day with updated economic news and forecasts. There’s a theory about the “wisdom of crowds” that says if enough people vote on a given topic, regardless | Read More »
Government’s Role In Creating The Financial Crisis
Peter Wallison doesn’t toe the line of conventional wisdom when it comes to discussing the cause of the financial crisis. That’s a roundabout way of saying that he speaks truth:
AIG Executive Resigns, Says Why
There’s an old Vermont proverb: “When you’re getting the shaft, it’s best to leave and say why.” That’s basically what’s been done by a (now former) executive at AIG:
Stop HR 1388 group aims at concealed spending in “reauthorization” bill
In less than 48 hours, the Facebook Group Stop HR 1388 drew more than 2,100 members hoping to block passage of HR 1388, known in the House as the GIVE bill. GIVE is an appropriate title, because that’s exactly what this bloated bill will require of American taxpayers. Sen. Harry Reid (D-Nev.) wants this bill pushed on to the Senate, asking that a cloture vote occur | Read More »
Real AIG/Wall Street Solution – Shore Up Accountants
Douglas Poling, Joseph Cassano & Bernie Madoff vs. Joseph St. Denis & David Friehling The time has come for the members of the FASB to be appointed by the Federal Reserve. In the Wall Street Journal on Friday, March 20 the first paragraphs of an article titled, “Lawyer at Center of Troubled Unit Got Top Bonus” paints the picture of Wall Street and Washington’s (DC) | Read More »
Barack Obama seeks socialist oversight of executive pay – bailout or not he wants control.
www.thepoliticalclass.com Barack Obama seeks socialist oversight of executive pay – including companies that did not take or need bailouts. The NY Times reports here. WASHINGTON — The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said. Is Barack Obama also | Read More »
Gallup: Americans rank economy over environment…
…for the first time since Gallup started asking the question.
Let The Nationalization Begin!
Via Drudge, President Obama to propose compensation caps on financial services firms to include banks. That ought to help bring back the banking sector and the markets! Bloomberg reports that the heads of Citibank, Bank of American and JP Morgan are also pointing out the problems this will cause with the recovery. Per the story, “The work we have all done to try to stabilize | Read More »