Just what would have happened without the bailout?  I live in Congresswoman Carolyn Maloney’s district (D NY 14). She voted for the bailout on Monday and she voted for it today.  I can’t prove it, but I have it on reasonably good authority that her constituents opposed it. So why did she vote in […]
Fast Talk in Washington: Fact Checking the Bailout Hysteria Read More »
The Wall Street Journal is reporting that new technology may allow the TSA to analize liquids as they go through an X Ray machine. This means that instead of being forced to throw out any liquids in containers larger than 3 ounces, you’ll only have to let them zap whatever drink you’re bringing on the
TSA downgrades from Gestapo like to KGB esque Read More »
According to Albany Watch, Governor David Paterson has vetoed 171 bills since June. The vetoes purportedly save New York taxpayers $531.7 million over the next two years. That’s not much compared to a $124 billion annual budget, but it’s a start. Keep those vetoes coming!
That’s more like it:
Treasury Department’s New Dollar Bill Read More »
Let’s subsidize huge loans to millions of people with bad credit! What could possibly go wrong? Check out this amazing New York Times article from 1999 explaining the roots of the mess we find ourselves in today: In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the
It Seemed Like a Good Idea at the Time Read More »
D.W. MacKenzie, our speaker at this month’s Manhattan LP meeting, showed up in yesterday’s www.mises.org daily article. Apparently, some people beleive that the Maryland crab fishing industry is of such strategic importance that it too needs a taxpayer sponsored bailout.  You can read it all here. You can meet Dr. MacKenzie in person this month in
Too Tasty to Fail in NYC Read More »
(Press release from Bill Buran for NY Assembly in 72AD) New York, NY: Bill Buran congratulated his Republican friends in the Congress for holding the line and voting NO thus stopping the $700 billion bailout bill. “This bailout is the biggest robbery since FDR took the peoples gold in the last Great Depression,” proclaims Buran.
Buran Warns New York Will Suffer Same Fate as Wall Street Read More »
While the fat cats squeal, free market business men and women are going about their own business of creating jobs, making profit and improving choice and the standard of living. William Dunkelberg, chief economist for the National Federation of Independant Business, the largest small business lobbying group, says the bailout will do “probably nothing” to
Main Street Businesses: What Credit Crunch? Read More »
The more I listened to the congressional appearances of Paulson & Bernanki the more convinced I become that this is Bush’s last attempt to scare us into another jump to the National Socialist , military fascist state . The market is frozen by the creation of foolish financial derivatives too complex to be marked to
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 »