Think about this with me for a minute if you would. The government is asking us taxpayers to hand over $700 billion more dollars on top of the $2+ trillion we already give them (or they obligate us with in the form of debt). That’s an enormous amount of money. Today there is an Associated […]
How Big is $700 Billion Really? Read More »
A few hours ago the U.S. House of Representatives defeated the $700 billion “emergency rescue” package designed to boost our nation’s financial systems and prevent an economic meltdown. More than two-thirds of Republicans and 40% of Democrats voted against this legislation. AP Reporter Julie Hieschfeld Davis reported the following comments from Speaker of the House
Did Pelosi Deliberately Poison the Bailout Package Vote? Read More »
John McCain just released a statement suspending his campaign, effective Thursday morning, to focus on resolving the economic crisis. Here are his remarks. America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our
McCain Suspends Campaign to Focus on Economy Read More »
Yesterday director of economic-policy studies at the American Enterprise Institute and Bloomberg News columnist Kevin Hasset reported at Bloomberg.com that Democrats are the ones who created the current financial crisis that we find ourselves in as a nation. According to his commentary, Fannie Mae and Freddie Mac “exploded” and injured many bystanders (some fatally). “Take away
Kevin Hassett: “Democrats Created the Financial Crisis” Read More »
In this latest election cycle I’ve been frustrated by the lack of talk about core principles. It seems that window dressing is king right now and a few buzzwords about change are shaping the political debate. That’s bad news for people who think critically — especially for those of us who know that change for
Key Principles of Government Read More »