Mark Levin writing in National Review Online’s Conner Blog: I have read the posts here and elsewhere. Sometimes these things are made to look more complicated than they really are. From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts of debt [...]
The New York Sun
September 30, 2008 By Leave a Comment
What a run… One of last true newspapers in America, the New York Sun, is closing it’s doors today. I’ve been a reader and a fan of the Sun from the start… Over the last 6 and half years it’s front page has carried everything from photographs of works of art to exposes on corruption [...]
Crash & Burn: $700 Billion “Crap Sandwich” Goes Down In Flames!
September 29, 2008 By 2 Comments
Whoa… I was expecting a close vote on bailout bill but this is a complete shock. The bailout bill has crashed and burned in the House. The vote was 228 nay to 205 yea with 1 not voting. Democrats supported the bill 140-95, while Republicans opposed it 65-133. Is this the reason? Nancy Pelosi’s floor [...]
Bailout Deal Reached?
September 28, 2008 By 1 Comment
The Wall Street Journal is reporting that lawmakers reached a tentative bailout deal overnight: Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the [...]
Video: Burning Down The House: What Caused Our Economic Crisis?
September 26, 2008 By Leave a Comment
This video has been floating around the web for a couple of days… It provides a detailed look at how the Community Reinvestment Act was used to push banks into sub-prime mortgages and how that distorted the housing market… And helped create the bubble that burst. A couple of caveats though… First it lays the [...]
Crash & Burn: Harry Reid’s $56 Billion Stimulus/Oil Shale Ban Bill Augers In.
September 26, 2008 By Leave a Comment
Reuters is reporting that Harry Reid’s $56.2 Billion economic stimulus/oil shale ban bill has failed in the Senate: WASHINGTON (Reuters) – The Senate on Friday blocked a $56.2 billion economic stimulus package that would have extended unemployment benefits, increased food aid and funded new construction projects to create jobs. The 52-42 vote fell short of [...]
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