Full disclosure: I like neither John McCain nor Barack Obama, and do not plan to vote for either one. I supported Ron Paul in the primary elections. I do not yet know who I’ll end up voting for, but since I vote in NJ, it doesn’t really matter. So ban me if you want, or delete this post if you want. It’s your website, and | Read More »
Just How Wealthy Are We As a Country?
Via reason’s blog Hit and Run you can check out this interactive tool that shows you what countries are spending on different classes of goods. If you click on over there and check out the “Recreation” tab, you will see something that I find to be quite telling.
Not a politician. Just a mother and fellow American.
Fellow Americans, I am a single mother and I am trying to finish college on top of that. I suppose you could say thus far I have been a life long Democrat. The past few years I have considered myself to be more of an Independent. Although I am definitely in what would be considered the lower income bracket (to be perfect honest more likely | Read More »
It the Housing Economy Stupid! More important than an energy plan is a housing plan. This country will not move forward/grow/prosper until the housing market bottoms! an economic stimulus that will turn the housing market could be tax incentives.A short-term reduction in capital gains on real estate would drive the required private money to the market. Baby boomers looking for that secondary /early retirement/FL/AZ home | Read More »
Lawyerspeak Meets Presidential Politics
In the law, we might call this an admission against interest: Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy. Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican | Read More »
A Contrarian View On The Fannie Mae/Freddie Mac Bailout
I know that the decision by the Bush Administration to put Fannie Mae and Freddie Mac into government conservatorship is being hailed in corners wide and far as being a splendid decision. Certainly, the move did wonders to rally the stock market today and to cause people to think that the worst of the mortgage crisis may well be over, that credit and mortgage rates | Read More »
McCain vs Obama: Part IV – Their Promise to America
More rhetoric from the left would have us believe that John McCain has no plan for America. That he has no new ideas. That he will not help, but only hurt America. Let’s compare each candidates plan for America. Part IV – Their Promise to America: McCain: “But let there be no doubt, my friends, we’re going to win this election. And after we’ve won, | Read More »
Tags: Barrack Obama
, global economy
, Government Spending
, Health Care
, John McCain
, open markets
Fannie Mae and Freddie Mac Have Been Taken Over By The Treasury: Analysis of the Press Release
At 11AM Eastern Time on Sunday, September 07, 2008, the Treasury Department released the text of a joint statement regarding the GSEs, Fannie Mae and Freddie Mac. The statement contains remarks by Treasury Secretary Henry Paulson, and Director James Lockhart of the newly-chartered Federal Housing Finance Agency. (The FHFA now has regulatory oversight over the GSEs.) As expected, the GSEs will enter government conservatorship (which | Read More »
Obama goes negative, demonstrates economic ignorance
Oh Irony, your name is Obama. While campaigning in Indiana today, (a bad decision in itself, because if he wins Indiana, he will have to have won other states that put him over the 270 mark first), Obama suggested people would have to be stupid to buy the argument that McCain/Palin represent change. “I mean, c’mon” he cleverly quipped. Apparently, asserting oneself to be the | Read More »
Will America Lose this War?
America might lose the war if McCain does not succeed on the below battlefields. Economic Battleground McCain must communicate these two points to win the economic argument battle. 1) Energy – McCain must promote his “All-the-above” plan and he MUST say that it is foolish for the USA to keep trillions of dollars of oil and gas locked up. It is foolish to send trillions | Read More »
I Don’t Like Jon Henke Very Much At All
He done gone and wrote something very smart and equally depressing. Personally, I go for very smart and tremendously cheerful in my choice of reading and if wishing made it so, I would wish and write that Jon Henke is dead wrong in his arguments. But of course, he isn’t. He’s identified the dynamic he discusses quite effectively. It will play out with Swiss watch-precision | Read More »
Fannie Mae/Freddie Mac Death Watch
About two weeks ago, I wrote in this space that some very large tectonic plates were starting to move far below sea level in the financial world. That was based on some unusual patterns I was seeing in the overnight repo and money markets. I guessed (but had no information to confirm) that whatever was in the breeze had something to do with Fannie Mae | Read More »
Night Is Dark, Day Is Light, Water Is Wet, Ice Is Cold, Fire Is Hot . . .
And Naomi Klein still is a fraud. It is a shame that Cato is one of the few organizations dedicated to revealing the depths of Klein’s mendacity and lack of serious scholarship. Given how publicized her book was, everyone and his/her pet canary should be on Klein’s case so that she is laughed out of any and all respectable courts of public opinion. I am | Read More »
To wit. This point needs to be made over and over and over again. See also this and this which relate the the issues covered in the Cafe Hayek posting.
A Teaching Moment
In response to the not-very-good-news-at-all that the nation’s unemployment rate is now at 6.1%, we learn that Barack Obama wants a $50 billion stimulus package to be passed by Congress. Yeah, because that last stimulus package really did wonders for the economy. Chalk this up to your “reality-based” Zen moment of the day. Only without the reality and most certainly without the Zen.