Government Finds New Ways to Perpetuate the Bailouts of Fannie & Freddie
The cost of the bailouts seems never-ending and more of the mounting evidence that it didn’t work, like a bailout recipient laying off 16,000 workers this year, continue to make the news. Tied to the root cause of the financial meltdown of 2007-2008, are mortgage giants Freddie Mac & Fannie Mae in light of their penchant for bundling sub-prime mortgage securities in the years preceding | Read More »
The Recession May Have Been Worse Than He Knew, But The Obama Administration Declared It Over by August 2009
The National Bureau of Economic Research declared the recession over in June of 2009. By September of 2009, Ben Bernanke was telling folks that based on the numbers the recession “is very likely over.” On June 17, 2010, the White House declared a summer of recovery. Today, there are fewer people in the jobs market than any time since September of 1981. Jobs numbers in | Read More »
Our Economic Recovery is the Weakest Since World War II
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the continuing fall of Facebook’s stock, why our recovery is the weakest since WWII and if Mitt Romney understands the perils of small businessmen. We’re brought to you as always by Stephen Clouse and Associates. If you’d like to | Read More »
Are We Headed for a Recession?
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss sings of a coming recession in the U.S., the latest bad news from Spain, and if we can avoid falling off the fiscal cliff. We’re brought to you as always by Stephen Clouse and Associates. If you’d like to email us, you | Read More »
The new C-SPAN video library feature (also: Obama thinks that we’re in recession!).
One of the things that I did as part of attending the Breitbart Awards last weekend was attend a panel on C-Span’s new video library service. It’s actually pretty useful: it allows you to take clips from C-SPAN and email them, Tweet them, embed them and whatnot. For example: say you wanted to show a clip from today’s disastrous Ohio speech that Obama made. What | Read More »
Failed-plan expert President Obama lectures GOP on plans.
Isn’t this just the cutest thing? If the video doesn’t load, Breitbart TV pulled the relevant quote: “My plan says we’re going to put teachers back in the classrooms, construction workers back to work… Tax cuts for small businesses, tax cuts for hiring veterans, tax cuts if you give your worker a raise. That’s my plan. Then you got [the Republican's] plan which is ‘let’s | Read More »
Mitt Romney beclowns the Netroots on job growth.
I don’t normally devote the front page of RedState to Twitter nonsense from the Online Left – aside from everything else, the netroots are horrifically bad at Twitter, which makes it not quite sporting – but I’ll make an exception in this case. The short version: the campaign of Republican Presidential candidate Mitt Romney put out a chart today as part of his jobs plan | Read More »
How Long Until the Next Recession?
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss how the upheaval in Libya and the Euro Bond debate will effect the markets. Then we’ll ask Francis when the next recession will hit, and oh yeah, Brad and his wife had a baby boy last week. We’re brought | Read More »
A Picture is Worth 1,000 Words (x3)
Our friends at Peak Oil site TheOilDrum.com have an interesting year-end feature: The Chart of the Year. Lots of interesting graphs — have a look. Three of my personal favorites are found below the fold, with minimal commentary from your humble correspondent. Having exhumed and drug the remains of John Maynard Keynes through the streets for the last couple of years … How’s Keynesian economic | Read More »
Looming Obama Tax Increases Will Hit Working Americans Right Where it Hurts Most
Talking of “Bush tax cuts” at this point, as so many seem to do when discussing the change in tax policy set to go into force this coming New Years Day, is beyond absurd. What’s coming on Jan. 1, 2011 is the Obama Tax Increase — no less than the largest tax increase in our history, courtesy of a president who, last Tax Day, declared | Read More »