Obama Spending Trends Charted
So, would President Obama’s budget plan really increase deficit spending much more than other modern presidents? Well, yeah, to the tune of seven times more,… Read More
So, would President Obama’s budget plan really increase deficit spending much more than other modern presidents? Well, yeah, to the tune of seven times more,… Read More
The Institute for Economic Affairs, the prestigious British think-tank, has released a comprehensive, two hundred page long, study of the causes of the financial crash…. Read More
Last week the Department of Labor released an employment report showing that U.S. employers shed 611,000 private sector jobs in the first three months of… Read More
The New York Times reports: Hartmarx, known for its Hart Schaffner & Marx and Hickey Freeman suits, and for making President Obama’s inauguration tuxedo and… Read More
The Washington Post editorialized today in favor of a compromise on card-check, including snap elections or mandatory union access to company premises, because – they… Read More
Last year Former South Dakota senator and 1972 Democratic presidential nominee George McGovern came out against the Orwellian named “Employee Free Choice Act” because it… Read More
April 30 was the last day for the planning department of Petaluma, Calif. The city decided to axe the department after it became clear that… Read More
The results aren’t officially out yet, but it looks like 14 of the 19 financial firms subjected to “stress tests” by the Treasury Department passed… Read More
The Obama Administration appears about to walk away from $7.5 billion in taxpayer money used to prop up Chrysler. This little information nugget was buried… Read More
Commenting on the White House’s Chicago-style negotiations with Chrysler’s creditors, The Atlantic‘s Megan McArdle writes: [W]hen did it become the government’s job to intervene in… Read More
Did the White House threaten a Chrysler creditor who refused to sign on to the rescue plan brokered by the government? That’s the charge levelled… Read More
President Obama was clearly miffed yesterday. His plan for restructuring Chrysler without a bankruptcy had been blocked by the refusal of some of the firm’s… Read More
“I want to disabuse people of this notion that somehow we enjoy, you know, meddling in the private sector.” – President Barack Obama, April 29,… Read More
At the end of last night’s press conference President Barack Obama insisted: But I want to disabuse people of this notion that somehow we enjoy,… Read More
From CNNMoney: “Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court Thursday senior Obama administration officials said, kicking off what… Read More
Following up on EPA administrator Lisa Jackson’s statement that “what this country needs is a one single national road map that tells automakers who are… Read More
Congratulations. If you are a U.S. taxpayer, you will soon be a part owner of a car company. Under the latest reorganization plan released by… Read More
Markets are weighed down by worries over the new swine flu and the ongoing stress flu; the former from Mexico, the latter from the Treasury… Read More
In August of 2008, the president of the largest SEIU local in the country, former-Los Angeles local member Tyrone Freeman, resigned after the Los Angeles Times… Read More
The Obama Administration tried to portray the plan as no big deal, akin to simply filling in a loophole. The idea was to provide the… Read More
General Motors today took one more step toward what is increasingly looking like an inevitable bankruptcy when its chief financial officer declared that it did… Read More
It seems that we keep being told that the policy is temporary, and is far short of nationalization, only for Congress to turn around after… Read More
In his Jimmy Carter-esque “New Foundation” speech Tuesday, President Barack Obama linked health care reform and deficit reduction claiming: “If we want to get serious… Read More
“Let me be clear: The United States government has no interest in running GM,” President Obama said just three weeks ago. He continued: “We have… Read More
“There is no disagreement,” said President Obama, “that we need action by our government, a recovery plan that will help jump start the economy.” Those… Read More
Cheerleading for his administration’s economic performance yesterday, President Barack Obama said: I absolutely agree that our long-term deficit is a major problem that we have… Read More
The Tax Foundation released its “2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution” yesterday. Some interesting findings include: 56 percent of… Read More
Bankruptcy law is rich with colorful vernacular: cram-down, strip-down, haircut, matrix, etc. But until a few weeks ago, nobody had ever heard of a “surgical”… Read More
Great question by Wall Street Journal editorial page assistant editor James Freeman today: The Obama administration wants to regulate venture capital firms to prevent systemic… Read More
After months of pressure from the federal government to push down General Motors’s and Chrysler’s debt loads, a deal remains far out of reach. With… Read More
