Commentary on news, politics, religion, and the economy...

America's Financial Future

American standard of living

Where are the opportunities for the future? What will the social landscape look like in the future? Will the middle class exist for working America?

National Banks of America?

nat-bank-fp

Injection of capital using taxpayer funds appears to be the administration’s choice for the near future. The trouble is that funds are being given to banks with no control over their use to the same managers who drove those banks into near bankruptcy.

Who is Peter Schiff and why didn’t we listen to him?

Peter Schiff

In 2006, Schiff predicted that we were headed to a recession, and it was probably going to last for several years. His position was laughed at by many experts, including Ben Stein and Arthur Laffer, among others. Who’s laughing now?

A very presidential President-elect

It is already becoming clear that President-elect Obama, by nominating Paul Volker and Robert Gates (among others) to take Cabinet level positions, is taking both the job of being President and fulfilling his campaign promises seriously, by taking a non-partisan approach to filling his Cabinet and departmental appointments.

We wish him well and hope that he is successful in turning around the ship of government soon.

Paulson: "Give me a blank check – or else!"

George Bush and Hank Paulson

The pressure to get the $700 Billion Wall Street Relief Program through Congress is unrelenting. President George Bush and Secretary of the Treasury Hank Paulson are threatening us with a total collapse of the US banking and financial systems if both parties (and we the taxpayers) don’t give them a blank check to do with [...]

More homeowners face financial ruin

The Bush Administration and Congress continue to slog along, trying to come up with something that they hope will get the economy moving again. They finally understand that the core of our current problems continues to be the continuing collapse of the housing market after denying that the problem existed for almost all of the [...]

The Bush Administration is a joke

Ben Bernanke, Federal Reserve

Federal Reserve chief, Ben Bernanke, spoke today and finally admitted that the country “might be” heading toward a recession.  Is he for real?  Is he just now realizing what everyone else in the country (with the possible exception of the President) knows for a fact – that we have been heading toward a recession for [...]

Bush finally admits that the economy is not too good

Back on January 18th, I commented on this blog that President George W. Bush and the folks at the Federal Reserve had sewn the seeds of recession and that it was already upon us. Since then the Fed has dropped their rates three times (and will probably do it again next week) in a panic [...]

Bush's sinking economy is drowning us all

It’s been awhile since I updated this blog, but some of my enthusiastic readers may remember my post back on December 11th when I chided the Federal Reserve for its half-hearted attempts to avoid a recession. Well folks, it’s too late.  We are on a slippery slide to one of the worst recessions in recent [...]

The Fed Takes a Baby Step

Readers of this column know that I blame the Federal Reserve for lighting the fire that led to the housing crash and the overall slowdown of the economy.  I keep hoping that they will see the error of their ways and correct the downturn by taking immediate and positive action to get the housing industry [...]