Geithner to unveil plan to purchase $1 trillion of bad debt

Since the bailout debacle began in September of 2008, the Treasury Department has struggled to find a plan that would actually work in strengthen banks and allow them to free up the credit market. The credit market, we are told, is the key to the recovery of our economy and to bringing us out of [...]

Senate reaches compromise on economic stimulus

At the risk of beating a dead horse to a bloody pulp, here we go again. The House of Representatives passed the economic stimulus package that isn’t and now the United States Senate has reached a compromise on a stimulus package of it’s own. After first ballooning to over $900 billion, the compromise package is [...]

All House Republicans vote no on Obama stimulus package

As expected, all 177 House Republicans voted no on the economic stimulus package that is being rushed through Congress at the behest of President Obama. In my article from yesterday, I wondered if it would gain a single Republican vote and it turns out that I was right. Not only that, but 11 conservative Democrats [...]

Senate set to vote on the 2nd $350 billion

With the first half of the $700 billion spent and no tangible results to show, the Senate is set to decide if Barack Obama will get the second $350 billion of the Wall Street bailout. With a vote set for Thursday, the Senate faces a a veto threat by Obama, if he doesn’t get what [...]

Barack Obama says government alone can help

In a much anticipated speech on the economy, Barack Obama has began providing a few more details to the economic stimulus plan he hopes to be able to sign into law, within a few days of his inauguration. Before we get into some of that, I want to focus on a statement he made a [...]

$700 billion with no strings attached

Do you remember how the American taxpayer was made to feel in September, about the $700 billion financial bailout for Wall Street? Treasury Secretary Henry Paulson came to Congress and said the bailout had to be passed quickly, that the health of our economy depended on it. I said back then, that anytime someone started [...]

Orderly bankruptcy for automakers

The Bush administration, including Treasury Secretary Henry Paulson, is still in talks with the three automakers from Detroit and the United Auto Workers (UAW), trying to decide just how the Big Three will receive federal help to stay alive. President Bush seems to be convinced the economy can not withstand the effect of the failure [...]

Mike Huckabee on All Things Considered

Mike Huckabee was interviewed on NPR’s All Things Considered this evening and he had this to say about why the Republican Party lost the election.
The former Arkansas governor says Republicans lost the presidential election this year, along with roughly 27 House and Senate seats, because “people want there to be an effective government, not just [...]

Bailout for the auto industry?

I have touched on this subject in an earlier article, but it looks like pressure is mounting to supply bailout money to General Motors, Ford Motor Company, and Chrysler. Just like happened with the original bailout plan by Henry Paulson, we are being told the time to act is now. The Big Three may not [...]

Senator Jim Inhofe says no more bailout money

It’s not surprising that Oklahoma Senator Jim Inhofe has once again came out strongly against any further bailouts by Congress and the Secretary of the Treasury. He was very much opposed to the original bailout plan and now that we have $350 billion down the tubes, he is trying to prevent the rest of the [...]

Next Page »