It was less than a year ago when Wall Street firms started seeing the first wave of government bailouts. Shortly thereafter the media and "Main Street" started crying about corporate excesses and greed. Those same people, however, are praising the "successes" of Cash For Clunkers; even advocating for a sequel Dollars For Dishwashers. Why was Clunkers a success when the Wall … [Read more...]
Pay Your Taxes If You Have Political Ambitions
Before Timothy Geithner became the Treasury Secretary, he worked for the International Monetary Fund (IMF). The IMF employs people from all over the world, including Americans. While working there, foreigners don't have to pay US income taxes, and in an attempt to be fair to the Americans who also work there, the IMF pays the Americans for their share of income taxes. This … [Read more...]
If It Ain’t Broke, Don’t Fix It
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...]