Barack Obama: The New FDR?

There are a couple of interesting sayings about history. One of them is: “History repeats itself”.  Another one, closely related and penned by George Santayana,  is: “Those who do not learn from history are doomed to repeat it.” The economic history of the United States is now in one such process of repetition as our [...]

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The Root Cause of the World’s Economic Meltdown – Insatiable Greed

A few days ago Alan Greenspan, the former Chairman of the Federal Reserve, said that he was shocked that our financial system has broken down.  He said that we are in the midst of a credit tsunami and that, “I still do not understand exactly how it happened”.  In short, our nation’s, and indeed the [...]

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The Redistribution of Wealth – McCain Style

John McCain is fond of saying that Barack Obama wants to “share the wealth”. By this he means that Barack’s tax plan is unfair and that it will result in taking money from the wealthiest people in America (like John McCain) and giving it to the less wealthy (like you and me).  He and Sarah [...]

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A New Economic Stimulus that Really Could Work

The economic news today is not good: consumer spending has dropped off significantly and the retail industry is therefore suffering. This news is apparently the cause of today’s massive sell-off in the stock market. People are not buying because they are uncertain of their own economic future and are unwilling to spend money on anything [...]

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Russia Prepares for Nuclear War with U.S.

There are times when I just don’t understand our American news media. I find myself wondering if some of them have morphed into nothing more than propaganda arms of the Bush administration and the others have become the propaganda arms of the opposition to the Bush administration.  Whatever happened to just straight reporting of the [...]

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