Is China headed toward collapse?

Nov 11, 2009 - Is China headed toward collapse? By EAMON JAVERS The conventional wisdom in Washington and in most of the rest of the world is that the roaring Chinese economy is going to pull the global economy out of recession and back into growth. It’s China’s turn, the theory goes, as American consumers — who propelled the last global boom with their borrowing and spending ways — have begun to tighten their belts and increase savings rates. - 9 Comments

Geithner Urges Passage of Financial Reform

Sep 23, 2009 - http://www.nytimes.com/2009/09/24/business/24regulate.html     By JACK HEALY     Published: September 23, 2009   Treasury Secretary Timothy F. Geithner urged Congress on Wednesday to adopt the Obama administration’s proposals to overhaul financial regulation, warning that the system was still fraught with the same problems that helped to create last year’s financial crisis.   “The flaws in our financial system and regulatory framework that allowed this crisis to occur, and in many ways helped cause it, are still in place,” Mr. Geithner said in prepared remarks to the House Financial Services Committee. - 1 Comment

Why Are the Media Protecting Geithner?

Jan 17, 2009 - Why Are the Media Protecting Geithner? AIM Column | By Cliff Kincaid | January 14, 2009 ...according to the Washington Times, some of the delinquent taxes were “paid only after he learned that Mr. Obama was considering him for the post.” The Obama Transition Project says that Timothy Geithner, its Chinese-speaking Treasury Secretary nominee, made “honest mistakes” on his tax returns. This line comes from the same group that is telling us that a nearly $1 trillion “stimulus” bill taking us further into debt can be called the “American Recovery and Reinvestment Act.” Polling and focus groups came up with that brilliant deception. - 8 Comments

How does "O" figure this?

Sep 11, 2009 - US stimulus 'creates 1.1m jobs' US President Barack Obama's massive stimulus package has created up to 1.1m jobs, according to the White House. The $787bn (£472bn) package, known as the American Recovery and Reinvestment Act, has also significantly boosted economic activity, it said. The report on the act said it boosted US GDP by 2-3% between April and June. - 6 Comments

Tax increase on the middle class...I know I am shocked

Aug 03, 2009 - Isn't this what we anti-obama people said was a real possibility since his campaigne? That there is no way he can afford to do all he has promised without raising taxes on the middle class? I know I am shocked...How about you? - 24 Comments

The Community-Organizer-in-Chief

Mar 30, 2009 - Government's grasp going global: Obama and Geithner want to eliminate any haven from regulation By Mark Steyn Writing in the Chicago Tribune last week, President Barack Obama fell back on one of his favorite rhetorical tics: "But I also know," he wrote, "that we need not choose between a chaotic and unforgiving capitalism and an oppressive government-run economy. That is a false choice that will not serve our people or any people." Really? - 3 Comments

Paulson Lambasted For Crisis

Jul 17, 2009 - Paulson Lambasted For Crisis By Michael R. Crittenden 670 words 17 July 2009 The Wall Street Journal C1 English (Copyright (c) 2009, Dow Jones & Company, Inc.) WASHINGTON -- Former Treasury Secretary Henry Paulson was assailed by Congress for his role in the government's rescue of Bank of America Corp. and for his broader response last year to the financial crisis. - 1 Comment

The National Socialism of Obamanomics

May 04, 2009 - The National Socialism of Obamanomics By James Srodes It is commonplace today to believe we should refer to the benign innovations of John Maynard Keynes during the Great Depression in order to understand what is driving President Obama’s team of economic strategists. But a look back to that time leads one to conclude the Depression-era economist who appears most relevant to what is going on bears the improbable name of Hjalmar Horace Greeley Schacht. From his post as head of the Reichsbank, in a career that ran nearly 20 years, Schacht w as in effective control of the shambolic German economy for successive Weimar Republic governments and the pre-World War II regime of Adolf Hitler. - 5 Comments

The Geithner Paradox: Unregulated Institutions Bailing Out Regulated Ones

Mar 25, 2009 - The Geithner Paradox: Unregulated Institutions Bailing Out Regulated Ones By Michael Barone, US News and World reprrt I haven't commented on Timothy Geithner's plan, the one promised for February 10 and delivered on March 23, to clear out the toxic waste assets from the banks and other financial institutions that hold them. I hope it works, and I fear that it won't. But this isn't my area of expertise and I'm not confident enough to make any predictions. - 3 Comments

Obama Plays Hardball With Watchdogs (Chicago style)

Jun 25, 2009 - Obama Plays Hardball With Watchdogs By Robert Stacy McCain Gerald Walpin has quickly become the most famous of the three inspector generals who've left their jobs in recent weeks, exposing what appears to be a pattern of pressure from the Obama administration. In radio and television interviews, the silver-haired 77-year-old former AmeriCorps IG has certainly contradicted insinuations of senility that administration officials made in defending the quit-or-be-fired ultimatum that Walpin said he received on June 11. On Tuesday, Walpin released a letter signed by more than 140 allies -- including a former White House counsel to President Clinton -- attesting that they have never seen him "confused" or "disoriented," as the administration claims he appeared to be at a May 20 meeting. - 3 Comments