The Wall Street Journal has a good editorial from Friday about the novel Atlas Shrugged becoming a reality today. [The author of the book, Ayn] Rand, who had come to America from Soviet Russia with striking insights into totalitarianism and the destructiveness of socialism, was already a celebrity. The left, naturally, hated her. But as [...]
Mitt Romney has a good piece about the “Big 3 Bailout” in the New York Times. IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit [...]
…try, try again. Apparently that is the economic policy of the Obama administration. In his first press conference since being elected on Tuesday, Senator Obama said he wanted another economic stimulus package, ASAP. “We are going to need to see a stimulus package passed either before or after the inauguration (on January 20). I want [...]
Senator McCain has been campaigning that he is against earmarks and pork in legislation. However, from his vote and support on the bailout bill (H.R. 1464), he certainly didn’t have a problem with them. Here is a list of the pork in this bill: New Tax earmarks in Bailout bill – Film and Television Productions [...]
Despite some misleading headlines, the bailout package is NOT a done deal. Top lawmakers have agreed on the details, but the bill is still up for a vote today. You can see an article with details at the Wall Street Journal. Let you Congressmen and Senators know what you think about this bill. I have [...]
Besides being $700 billion, there is an additional disturbing piece of the bailout legislation. It states: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. Wowsers! I’m all for limited government intervention, [...]
An alternate solution to the current financial hiccup was discussed today by Dave Ramsey. This solution involves a temporary exemption for the mark to market policies set for specifically by Sarbanes-Oxley. Brian S. Wesbury and Bob Stein detail this solution at Forbes.com. …this solution of giving the U.S. Treasury almost unlimited power to buy distressed securities [...]
Zachary Karabell has a good piece in the Wall Street Journal today. He mentions that 75% of Americans believe that the economy is in bad shape, and he wonders what has happened to the American spirit over the last decade. There is no denying that the current financial morass is deep and painful. But taking the [...]
The Wall Street Journal has a front page article today about farm subsidies and the income of farmers. Today, farmers make up less than 1% of the U.S. population, and agriculture production is dominated by large, industrial farms that have annual sales of $1 million or more. In 2006, average farm household income was $77,654, or [...]
As many of you are aware, Congress is debating rebates to “stimulate” the economy. While this may have a minor effect, I do not think it will do much good. However, THIS is economic stimulation: Microsoft Makes $44.6 Billion Offer for Yahoo
© 2012 The Roundtable | Entries (RSS) and Comments (RSS)
Design by Web4 Sudoku - Powered By Wordpress
