The Economy and the Current “Credit Crisis”

by Fersboo

I was reading Mr. Smith’s blog below and my blood began to boil.  I must be on the wrong email lists, because I’m not a proud recipient of Senator Harkin’s email.  Please do not sign me up. What made my blood boil was the notion that there are...

The Senate Cannot Fix The Economy

by Art Smith

But Senator Tom Harkin (D-Iowa) thinks it can. Living in Iowa, we occasionally receive a nice email from the Senator letting us know how he is scr- uh, helping us with his work. Here’s his latest missive, arriving just this afternoon… Dear Friends, Many...

New Fed Powers Plan Needs Careful Thought

by Art Smith

Let Friday, early news about a plan to broadly expand the power of the Federal Reserve was released.  Evidently the plan will be formally announced in a speech by Treasury Secretary Paulson. I’m a bit out of breath. McGehee was the first I saw to make mention...

No-fault Credit

by Art Smith

Today we got to see some of the substance of Barack Obama’s plan for solving the current economic crisis.  Both Reuters and the Wall Street Journal have good write-ups. Obama’s approach includes: More power to the Federal Reserve over non-bank investment...

Everyone Deserves To Own A House, Right?

by Art Smith

Well, Hillary appears to be attempting to make EVERYONE happy. More government money to rescue folks who simply bought more house than they could afford. According to a Wall Street Journal story Tuesday, Hillary proposes: Freezing Forclosures for 90 days Freezing...

Iowa Budget Is Trouble

by Art Smith

I am fortunate enough to live in District 60 of the Iowa House of Representatives, represented by Libby Jacobs, whom I have tremendous respect for. And who is a Conservative Republican. Libby provides a Legislative Update (as do some other representatives) in the Des...