With his characteristic depth of insight, Jim Babka at Downsize DC points our that credits markets are far from frozen and that this is just another example of big government creating a crisis so they can pick your pocket. Read it here. You can use the Downsize DC site to quickly and easily email your Senators […]
Downsize DC gets it right on the bailout – tell your representatives to just say no! Read More »
Those of us in the Freedom Movement have been watching our own little soap opera the last few weeks as some of our heroes and leaders blink and make some embarrassing mistakes. I’ve heard a lot of griping and done a little myself. It’s been suggested that Ron Paul botched his primary campaign and then
Who Will Lead The Freedom Movement? Read More »
So there’s a cornucopia of cops, a plethora of police, a bevy of badges, a fuckload of fuzz these days in my neighborhood. You get the idea: It’s like being in an occupied country. Thank goodness all the dictators currently in residence in Turtle Bay are not being inconvenienced by taxpaying, working people trying to
Life in the War Zone Read More »
Apparently the church where Sarah Palin worships recently sponsored a “Pray Away the Gay” retreat to try to cure those who suffer from same-sex attraction. The good folks at Marriage Equality NY put together the following video in response. Watch for cameos from Manhattan Libertarian members and candidates, including Isaiah Matos, Bill Buran and Dodge
Pray for Us, Sarah Palin! Read More »
Will anyone other than the financial papers bother reporting about Raine’s and Fannie Mae’s shoddy accounting practices that involved overstating profits by $6.3 billion, making the infamous Ken Lay and Enron’s $567 million overstatement look like a conceivable mistake? Where is the outrage in the mainstream media now?
As usual, it will be misplaced by journalists who find it much easier to report unfounded drivel. Such as the current chorus of “intellectuals” who don’t understand actual, inevitable economic realities such as price elasticity and budget constraints but are quick to coin misleading, albeit catchy phrases such as “savage neoliberal capitalism”.
Savage neo-liberal capitalism Read More »
Holy checks and balances, Batman! Just so we’re all clear how much unbridled authority we’d be granting clueless Hank Paulson (see my previous post), Christopher Manion at LewRockwell.com calls attention to this little provision tucked inside the “emergency” bailout legislation: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency
“Decisions by the Secretary May Not Be Reviewed by Any Court of Law” Read More »
On Meet the Press yesterday, Mayor Bloomberg expressed his full confidence in Treasury Secretary Hank Paulson to steer us out of the current economic crisis: “Well, I think number one, Hank’s the right guy for now. He knows what goes on on Wall Street, he understands these complex financial instruments in a ways most people
Paulson and Bloomberg Don’t Have a Clue Read More »
The New York Times is reporting that virtually every retired employee of the Long Island Railroad applies for and receives a disability pension. The disability pensions are issued by an obscure federal agency called the U.S. Railroad Retirement Board. The scandal is compounded by obscene labor agreements that allow LIRR employees to retire with a
Here is a clear explanation of how the free market failed and led to the current financial crisis. It didn’t. It couldn’t have because there was no free market anywhere near the US financial industry, Fannie and Freddie, Lehman or Bear Sterns. AIG is a little closer but Insurance is still highly regulated.
The Failure of the Free Market Read More »
Associated Press: Bush says he’s working hard on economic turmoil Hat tip: Jim Ostrowski
Headline of the Day Read More »