So now what?
If you believe the mainstream media, the world is ending. If you believe the Wall Street Analysts (who, remember, stand to benefit from the bailout), we ignorant voters have poisoned our representatives minds and are causing a financial meltdown. If you believe the Messiah, then you believe that somehow raising FDIC account limits [...]
Much to my surprise and excitement, the United States Congress voted today to defeat the $700 billion bailout plan proposed by Treasury Secretary Henry Paulson. Just last night, I was trying to describe the scope of this proposal to my 10-year old, and this is the best I could come up with: put $1 million [...]
Last night’s presidential debate between Sen. Barack Obama and Sen. John McCain was pretty typical of most presidential debates. Both candidates were relatively cordial and neither strayed very far from their typical stump speeches and talking points. This morning, the spin machines are hard at work claiming victory on both sides, but, in the final [...]
Its no secret that I am against the proposed government bailout of the financial industry. I was against against the takeover of Fannie Mae and Freddie Mac. I was against the takeover of AIG. I applauded when the FEDS “allowed” Lehman Brothers to go bankrupt.
However, I figured that, by holding this position, I was in [...]
In this election season, we are constantly bombarded by the latest polling data. Often, polls taken by different pollsters on the same day yield wildly different results. Some of this is to be expected, but it is pretty easy to sort through the accuracy of all the pollsters and determine which ones are the most [...]
You may have noticed that I have been quiet for several days now. Partially, that was because I really didn’t know what to say about the latest foray into socialism of our great nation. Just when I thought they had caught on, here we go again…
The government is now going to spend $700 billion to bail [...]