Tag Archive | "subprime"

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“Obama Warns on Dangers of US Debt”

This morning I read with interest - and amazement - the above headline.  Does our president live in the same world that I inhabit?  He’s worried about America’s increasing indebtedness and is pushing for a massive expansion of health entitlements (aka wealth redistribution programs) and the cap-and-tax global warming initiatives (aka wealth redistribution programs) and a host of other other wealth-destroying regulatory programs. Yet, he’s worried about America’s growing debt?

Our political system is only now perhaps emerging from a foolish…

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Posted in Bailout Watch, Deregulate to Stimulate, Economy, Stimulus to NowhereComments (0)

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Kudos to Republican Study Committee for bailout alternative

Those of us (and CEI is among the “us”!) who oppose Treasury Secretary Henry Paulson’s $700 billion bailout of Wall Street have been challenged to come up with an alternative to stop the credit contagion. The Republican Study Comittee, a caucus of pro-market members of the GOP Congress, has just answered this challenge. They have presented such an alternative that would be much more effective at stopping the contagion than the Paulson bailout, and it would not cost taxpayers a…

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Posted in Bailout Watch, Economy, Legal, Nanny State, Odds & Ends, Politics as Usual, Precaution & RiskComments (9)

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