The current economic situation, was manufactured by Washington politicians and the media. Granted, I doubt any of them wanted the end result to turn out the way it did, but the reality is, that it was manufactured. Here's what I mean. During the 1990's, liberal politicians and the media created the problem of "unaffordable housing". They used bizarre statistics, saying that … [Read more...]
Is the US Responsible for Mexico’s Problems?
President Obama recently visited Mexico to discuss, among other things, the escalating violence in the country, which stems from the growing drug trade. In his visit, Obama acknowledged that the US shares a piece of the responsibility for the violence in Mexico because of the guns that get smuggled into Mexico from the US. To his credit, President Obama said he would rather … [Read more...]
Remedy for a Bad Economy
It seems these days that everyone is on the Government bailout bandwagon. Not just in the United States, but all over the world, people are crying out to their governments to bailout failing companies. What's worse is, it's happening. I question these people who say that a government bailout is the only way a troubled economy will right itself. I question why these people … [Read more...]
France Limits Exec Pay
According to the Wall Street Journal, "The French government, trying to quell public anger over executive pay, banned companies that get state funding from issuing stock options to top managers and limited some other forms of compensation." Let's hope it doesn't get to that in the US, but with the reception the Obama's are getting on the current stop in Europe, I'm sure it's … [Read more...]
AIG Outrage
President Obama lashed out against the plan of AIG to pay roughly $165 million in bonuses after accepting about $170 billion in bailout money. He was quoted saying that the bonuses were an "outrage", violating "fundamental values", which underscore the need for financial regulatory reform. I'm curious. Which fundamental values is President Obama referring to? It couldn't … [Read more...]