We’ve been told for months now by politicians, especially Democrats, that the U.S. economy is in shambles. Over the past few days we’ve been told that government must act now in a huge way to bail it out before the woes of Wall Street hit Main Street. We’re told that this is the worst economy …
Positive Economic News: U.S. Economy is Fundamentally Strong Read More »
Jeffrey A. Miron is a senior lecturer in economics at Harvard University. He is a Libertarian and was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan. His commentary, entitled Bankruptcy, Not Bailout, is the Right Answer, was published today at CNN.com and the American …
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 …
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 »
I watched the first Presidential Debate between Senators John McCain and Barack Obama that was held last Friday in Oxford, Mississippi. I wish I could have been there, especially considering it was only about a 90 minute drive from home, but I didn’t make the tiny list allowed to attend. As for the debate, I …