Well, it looks like the feds may be catching on to what I have been saying. They are going to “allow” Lehman brothers to go bankrupt and not use my money to bail them out.
That’s how the free market works. You can already see the results. Merrill Lynch got concerned about the impact of Lehman Brothers [...]
It seems the federal government is taking over mortgage giants Freddie Mac and Fannie Mae, publicly-held companies formed years ago as Government Sponsored Enterprises (GSE) to purchase and/or guarantee mortgage loans. They now own or guaranatee about half the mortgage loans currently held in the nation, and, more alarmingly, about 75% of new loans made in the [...]
A Conservative look at the Sunday editorial page:
In “What leaders can and can’t do,” Dick Polman of The Philadelphia Inquirer is correct in asserting that
A candidate would probably commit political suicide if he addmitted the truth, which is that, while presidents are indeed powerful in certain respects (they can now listen in ou your phone [...]
A quick look at today’s top headlines…
“McCain document outlines economic strategy”
http://news.yahoo.com/s/politico/20080807/pl_politico/18918
More good news; the McCain campaign is awake! A memo has been “leaked” that discusses McCain’s economic strategy. It appears, among other things, that they will be looking to attack Sen. Obama’s ties to trial lawyers and organized labor.While its nothing groundbreaking, it is good to know that [...]
A new article from the Associated Press…
http://news.yahoo.com/s/ap/20080803/ap_on_re_us/wealthy_spending
…discusses an amazing fact! When rich people quit spending money, it affects everyone else! This is ground-breaking isn’t it? The writer throws out some amazing facts, like…
The 10 percent of households with the highest incomes account for nearly a quarter of all spending, according to data compiled by research [...]
A quick look at today’s top headlines…
Its a slow news day…
“Obama proposes $1,000 energy rebates for consumers”
http://news.yahoo.com/s/ap/obama
Another day, another government handout. Sen. Obama proposes giving each family a $1,000 check funded by a windfall tax on the oil industry. I was against President Bush’s “Economic Stimulus Package” and I am against this. At least the [...]