Government Bailouts
Paulson Goes Begging In Beijing
Hank Paulson is trying to convince our national bankers in China to use Wall Street’s financial services. You know, services like squandering your wealth and wrecking your economy.
December 2, 2008 | Read More
When Government Works
Washington went into code blue this weekend to solve a pressing crisis. The Iraq War? The millions of Americans without healthcare? Um … no.
November 25, 2008 | Read More
$700 Billion? Not Even Close. Try $7.7 TRILLION
Surprise! The tab for the economic bailout just got bigger. A lot bigger.
November 24, 2008 | Read More
Bailout For Detroit En Route. But Will Anyone Pay?
Shouldn’t Congress demand new leadership in Detroit before we give the car companies billions? Or are we just going to trust the same people who wrecked their firms to magically steer them in the right direction this time?
November 12, 2008 | Read More
When Banks Don’t Compete, You Lose
As Bank of America brags about serving half the households in the country, one has to wonder when sheer corporate mass returned to vogue.
November 11, 2008 | Read More
What’s Good for GM is Good for America
You might recall old “Engine” Charlie Wilson, the former CEO of General Motors, later the Secretary of Defense under President Dwight Eisenhower, who became known for his statement that “what’s good for GM is good for the country.” But is what’s good for GM’s top execs good for us?
November 11, 2008 | Read More
“The Heartbeat of America”: The Fall of the Automotive Industry
There’s a reason the Chevrolet slogan evoking Detroit as America’s heart resonated so powerfully. The automotive industry is as American as rolling amber waves of grain. And now look how far it has fallen.
October 31, 2008 | Read More
Mad As Hell Letters
A little bird dropped this letter off in my mailbox, apparently addressed to another one of our do-nothing leaders. For all the action he’ll see from Mrs. Bono, he might as well have written his letter to Cher.
October 21, 2008 | Read More
Who’s Really Paying For The Bailout
Ever wonder where our government is going to get the $700 (or $750 or $850) billion it needs for the bloated bailout bill? The same place is gets all of its credit these days, China.
October 17, 2008 | Read More
Any Fool Could Have Seen This Coming - Including This One (Part Three)
More on how my 1988 book The Captive American discussed the same economic foolishness we see today.
October 14, 2008 | Read More
