February 8, 2012

Reminder: Woodbury Tea Party

“It does not take a majority to prevail…but rather an irate, tireless minority keen on setting brushfires of freedom and liberty in the minds of men.” -Samuel Adams Just a reminder to readers I’ll be covering the Woodbury Tea Party tomorrow morning. The rally kicks off at 11:00 a.m. in Kennedy Park at the the [...]

John Shadegg: Geithner Needs to Explain Shift

Congressman John Shadegg (R-AZ) wants to know why Treasure Secretary Tim Geithner isn’t facing tough questions over his apparent change in positions on China’s request to abandon the dollar as the global currency: (CNSNews.com) – An Arizona congressman wants to know why Treasury Secretary Timothy Geithner isn’t facing tough questions over his apparent about-face on [...]

Idiot: Geithner Speaks, Dollar Sinks

In remarks before Council on Foreign Relations today Treasury Secretary Tim Geithner said the U.S. is open to an SDR linked currency… Geithner later clarified his remarks by saying that “the dollar remains the world’s dominant reserve currency” and that that is likely to continue for some time, but the results of his remarks were [...]

George Will: Congress is a Toxic Asset

This is one of the few times I agree with George Will: With the braying of 328 yahoos — members of the House of Representatives who voted for retroactive and punitive use of the tax code to confiscate the legal earnings of a small, unpopular group — still reverberating, the Obama administration yesterday invited private-sector [...]

Barack Obama’s 2% Illusion

From the Wall Street Journal: President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end “tax breaks for the wealthiest 2% of Americans,” and he [...]

It’s Not Just Rick Santelli

White House Spokesman Robert Gibbs would like us to believe that Rick Santelli is an isolated crank who doesn’t know what he’s talking about… As Joel Stein points out he’s not: A lot of optimistic people bought houses near the historic height of the market, say November 2005, for absurdly high prices, say $1.12 million, [...]

Michelle Muccio: The People’s Stimulus

The world’s hottest economist,  Michelle Muccio, has created a bit of a stir with her simple commonsense stimulus plan, a one-year payroll tax holiday. Here she is discussing the plan with Bill Schieffer of CBS News. Watch CBS Videos Online I like it, a payroll tax holiday would put more money in people’s pockets immediately… [...]

Unbelievable: Sallie Mae Refuses to Fogive Fallen Marine’s Student Loans – Updated

I’m at a loss for words here… This is simply unbelievable, obscene, insensitive, awful… I don’t know what to call it: Ungrateful Sallie Mae By Kevin Cullen, Boston Globe, December 18, 2008 Ian McVey could have been anything. He chose to be a Marine. It is not a path that most kids from Weston would [...]

Treasury Throws Auto Industry a Life Line???

Damn! What is it with the Bush administration? Senate Republicans rightly stopped the auto industry bail last night and today the Bush Administration decides to use TARP funds to throw a life line to GM and Chrysler. From FoxBusiness: Despite the abrupt death last night of bailout legislation in Congress, it seems the Big Three [...]

WSJ: Congress Whitewashing Fannie and Freddie

With all the buzz about the Feds corruption probe of Gov. Illinois Rod Blagojevich it’s easy for things like this Wall Street Journal column to be missed. Whitewashing Fannie Mae Congress begins its self-absolution campaign. Henry Waxman’s House Committee on Oversight and Government Reform met Tuesday to examine “The Role of Fannie Mae and Freddie [...]