Why Bailouts are a waste of time and Taxpaer $$$ or CITI Shares Go Down 10%+ in one day…
How much money did Bush pump into the financial services sector in the last few months?Anywhere from 500 billion to over a trillion, yet Citi’s decline continues. This is why the invisible hand of market forces and not chucking aside free market principles is the proper way to revitalize the economy. WSJ After a tentative [...]
Bush’s Shameful Admission- ‘I chucked aside my free-market principles’…
It is amazing that Bush who showed so much courage in the face of adversity from islamic fundamentalists caved so easily when facing adversity from what he perceived as the open market correcting itself. I am still confused as to what sense there is in rewarding companies for making piss poor economic decisions, but then [...]
When it comes to the Economy, Barack Obama and George Bush might as well be Tweedledum and Tweedledee
It seems George Bush and Obama have decided to assume the roles of Tweedledum and Tweedledee when it comes to the economy. Bush abandoned free market principles in his quixotic quest to keep the “economy” going, and Obama has no belief in free markets period. When these two idiots are done, the sad reality is [...]
Scary Stuff… Who is going to bail out the US of A?
I shuddered as I read this, you might too… Op-ed piece in the DC Examiner… The United States of America is bankrupt. Don’t believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything [...]
George Bush- “Auto industry bailout is not imminent…”
Thankfully, it seems Dubya has finally figured out that bailing out the Auto industry is like taking a large sum of money and throwing it in a bottomless pit. The essesnce of the free enterprise system is that profitable companies survive and excel, less profitable ones fail and go out of business. Detroit has chosen [...]
