Oh, you thought Obama meant job program? No, no, no: That’s mob program.
All depositors in Cyprus will see the government reaching into their bank accounts to fund a bailout for the country. The idea is so bad. . . You would almost think it was hatched in California.
I know, I know: You find it hard to believe that a mostly-owned subsidiary of the United States government and the Obama administration- like GM is- could get any stupider than say Fannie Mae, or Federal Reserve Bank. Yes, that’s tough competition, but in the “idiocy” category GM seems to be the ruling champion.
I wanted to like Paul Ryan. Before he was nationally known, Rep. Ryan visited me at ABC, and we went to lunch. He was terrific. He was a rare politician, one who actually cared about America's coming debt crisis and the unfairness of entitlements. He even talked about F.A. Hayek's "The Road to Serfdom"! If only more politicians thought that way.
More than likely, both sides will sweep this discussion under the rug because TARP was the first of the really big giveaways and painted all sides with a bad brush.
This is shaping up to be the second election in a row that's about someone who isn't on the ballot: George W. Bush. In 2008, Barack Obama won in no small part by turning the election into a referendum on President Bush and by claiming that a John McCain presidency would amount to a third Bush term. Since then, Obama's presidency has been one long run-on sentence of blaming his predecessor, only occasionally punctuated with complaints about Europe, ATMs, the GOP Congress, Fox News and tsunamis.
Regular middle class Americans everywhere have unjustly lost their homes to foreclosure. They ended up in homes they could not sell due to the Federal Reserve Board, not their own actions.
Like a child who edges the line to see how many rules he can break, President Obama is testing America’s patience with a pattern of unconstitutional behavior that rivals any other president’s record, trading out America’s founding principles for top-down policies designed to centralize control in the federal government. No wonder Americans are fed up and eager to take back what’s theirs by staging a hostile takeover of Washington.
One of the few issues which both the political left and the right agree upon is rooting out financial corruption by the banking industry. The latest banking scandal involves big banks submitting falsified data in order to keep their borrowing rates low.
The agendas of liberals, progressives and assorted tyrants desperately depend on the aspects of human nature they often condemn, such as acquisitiveness, profit motive, self-interestedness and greed. This crossed my mind while reading "How Departures From Economic Freedom Can Affect Freedom In General," by Dr. John Taylor, a Hoover Institution scholar.
One elementary law of politics that the Obama campaign does not seem to have internalized is this: Don't play against type. Last week White House spokesman Jay Carney brazenly asserted that President Obama's spending binge never happened. "The rate of spending -- federal spending -- increase is lower under President Obama than all of his predecessors since Dwight Eisenhower, including all of his Republican predecessors."
Just as thousands of Americans occupy “Main Street USA” demanding Wall Street accountability, high-ranking officials in the Obama administration are pushing for a deal that would let these giant institutions off the hook.