Around the corner from my former apartment in Newton was a house that was taken in foreclosure. The â€œFor Saleâ€ sign had been there for a very long time, the lawn wasnâ€™t mowed regularly and the shrubs had died in the winter but hadnâ€™t been removed. Walk around...
Today the headlines read something like: Government Stands to Reap $7.5 Billion Profit from Sale of Citi Stock. This was reported in both the Wall Street Journal and our local rag, the Des Moines Register, and while estimates vary as to the extent of this...
Or is it change for a hope? I admit my confusion on this issue. The American public was told during the 2008 Presidential campaign that things would be different. So far, it's more of the same, only worse. It seems like the entire country has gone stark, raving mad.
To wit, as the Obama Administration's Cabinet nominees wind their way through the approval process, we find that not one, not two, not three, but four have a prior history of not paying their taxes. What is going on here? The best thing to come out of this mess is that the American taxpayer, at last count, is ahead some $176,000. Could this be President Obama's plan to fund this massive "economic stimulus" package that is being ramrodded through Congress? Just collect the back taxes owed by his nominees? I'm not sure that the IRS, Congress or the American public would be as forgiving if I were the one to not have paid my taxes. But then again, I try to live a life of integrity.
I've read a lot about the economic stimulus package making its way through the bowels of Congress and I'm confused about that too. Or maybe I'm not the one who's confused. To me, economic stimuli are those things that stimulate the economy. Immediately. Not three years from now. So, as one of the conditions for accepting TARP money, The Brains in Washington [...]
Two weeks ago today, the Obama Nation was gloating. Sweeping victories in the general election, Democrats now control the White House and both houses of Congress. Well, it's been two weeks, so that means it's time for me to get out of my fetal position, stop throwing up, an assess what's transpired since then.
In the last two weeks, there has been a steady stream of companies lined up at the Treasury Department's door to obtain "equity stakes" from the American taxpayer. I admit that I was one of the first (and few) to defend Treasury Secretary Paulson's and Federal Reserve Chairman Bernanke's bailout/rescue/money grab in an effort to shore up a global economy on the verge of total economic collapse. This was, and is, an unpopular position, because the consensus was, and is, that stupid management decisions should not be compensated for by the American taxpayer.
My argument [...]