Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time. Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home...
On March 16, Obama said this about AIG: I do want to comment on the news about executive bonuses at AIG. ... This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it's hard to understand how derivative...
Someone once said that Senator Hubert Humphrey, liberal icon of an earlier generation, had more solutions than there were problems. Senator Humphrey was not unique in that respect. In fact, our present economic crisis has developed out of politicians providing...
What is bankruptcy? Bankruptcy is a financial state that occurs when a person or business can no longer repay its debts. In the legal sense, bankruptcy begins when a court recognizes that the financial state of bankruptcy exists. The bankruptcy court takes charge...
The political left-wing in America and most Democrats are hopeful, even gleeful, that “Obamanomics” might “vanquish” Reaganomics,[1] that tax-hiking, pork-dispensing schemes aimed at boosting consumption and government (a la John Maynard Keynes)[2] will displace...
Bernard Madoff has confessed to a Ponzi scheme whereby he swindled investors of billions of dollars. "In court documents, prosecutors say Madoff reported he oversaw $64.8 billion." Multiply that staggering amount of money by 3,000, and you get roughly the amount of...
Good Ideas During winter months, I work out 10 minutes on the treadmill and lift weights at seven stations four mornings a week. Over the years, during the spring through fall months, I racked up about 2,000 miles on my road bike. This level of exercise helps account...
In his March 7th weekly address, Obama said this: [B]ecause we cannot bring our deficit down or grow our economy without tackling the skyrocketing cost of health care, I held a health care summit on Thursday to begin the long-overdue process of reform. Our ideas and...
Good government? Isn't that an oxymoron?Many today believe so. Who can blame them? Our political system has increasingly become a chaotic jungle driven by competing pressure groups ("special interests") seeking special "favours" and handouts from government....
Now that the federal government has decided to bail out homeowners in trouble, with mortgage loans up to $729,000, that raises some questions that ought to be asked, but are seldom being asked. Since the average American never took out a mortgage loan as big as seven...
In his "Remarks by the President on the mortgage crisis" on February 18, Obama stated: Our housing crisis was born of eroding home values, but it was also an erosion of our common values, and in some case, common sense. It was brought about by big banks that traded in...
The old joke runs, "I'm from the government and I'm here to help." Most Americans are appropriately skeptical of such a claim, just as they are skeptical when told that they've won $10 million in a Nigerian lottery. But President Obama's selection of Harvard Law...
Sometimes drugs developed to treat a specific condition can have unanticipated results for the treatment of other conditions. Sometimes this is discovered by patients and their physicians as an accidental byproduct of monitoring the effectiveness of the medication....
In a free country, it's self-evident that there's room for everyone. This is because free people are also, by definition,self-responsible. The only people who need to be kept out of a free country are violent criminals and others who are objective, physical threats....
Government health care advocates used to sing the praises of Britain's National Health Service (NHS). That's until its poor delivery of health care services became known. A recent study by David Green and Laura Casper, "Delay, Denial and Dilution," written for the...
In his address to the joint session of Congress, President Obama said that "We cannot shun the negotiating table" in conducting our foreign policy. He's previously elaborated that "if countries like Iran are willing to unclench their fist, they will find an extended...
They say talk is cheap. But in fact it can be devastatingly expensive. Among the generation of Germans who were enthralled by Hitler's eloquence, millions paid with their lives and their children's lives for empowering this demagogue to lead them to ruin and infamy....
In his Weekly Address yesterday, Obama said, “I didn’t come here to do the same things we’ve been doing … .” After all, Obama is for “change.” Before Obama took over the country, and even before Bush’s 2008 financial bailouts, federal, state, and local governments...
Alan Greenspan should never have departed from Ayn Rand’s principles. It wasn’t practical: Not for him, and not for the rest of us.
In his address before a joint session of Congress last night, Obama dictated his plan for America, to be financed and "serviced" by productive Americans. Obama will take from individuals the wealth that they created and needed for their own plans. The...
Attorney General Eric Holder said the United States is "a nation of cowards" when it comes to race relations. In one sense, he is absolutely right. Many whites, from university administrators and professors, schoolteachers to employers and public officials accept...
There's no such thing as a "stimulus" to the economy. The closest you could get to that in reality would be a retrenchment of government controls and looting: de-regulation and spending cuts. But even those are not "stimuli" but a lessening of destruction. If I'm...
An increasing number of recent letters and e-mails from readers strike a note, not only of unhappiness with the way things are going in our society, but a note of despair. Those of us who are pessimists are only a step away from despair ourselves, so we may not be the...
A growing number of "elites," including Bill Clinton, are calling for a return of the "fairness doctrine" to talk radio, a sure indication that Congress and the new President will soon be taking on this issue. Supporters of the "fairness doctrine" are actually evading...
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