A few facts about the Citigroup bailout:
Chalk another successful bailout deal up for those excellent negotiators, Paulson and Bush. Citigroup graciously allowed the government to give it an injection of $2.6 billion in cash by buying 254...
View ArticleThe biggest political turkey: GM
This is a company which lost $43.3 billion last year, and will probably lose about that much again this year. At the same time that it's begging for half of the $25 billion bailout, with Ford and...
View ArticleBillionaire Warren Buffett is investing in the auto industry
No, not one of the Big Three. Not Tesla, either, although Ithink it might be a great investment when it issues its IPO, whichhas been delayed due to the recession. Mr. Buffett invested $250 million...
View ArticleDoes a Senator have the right to pressure his constituents not to file...
http://www.wsav.com/midatlantic/sav/news.apx.-content-articles-SAV-2008-11-14-0044.html A grand jury has subpoenaed Saxby Chambliss to testify concerning allegations that he has used his office as...
View ArticleThe $7 TRILLION bailout: How do we get off this train wreck?
There was a time when $700 billion was real money. But it's just 10% of the current size of the bailout. http://money.cnn.com/2008/11/26/news/economy/where_bailout_stands/index.htm And, if you think...
View ArticleThe truth about global warming
I've heard a lot of mindless chatter from both sides of the issue. The truth is like a game of chess: both simpler and more complicated than either side of the issue would care to admit. Let's...
View ArticleIs a little protectionism really bad for the economy?
Let's tell the truth here. We need FAIR trade, not necessarily just "Free" trade. We don't really want to force our blue-collar work force to try to compete directly with foreign workers who work...
View ArticleDid NASA hire the AIG, GM AND banking industry marketing teams???
After the votes are counted, NASA decided to just throw out the results and name it Tranquility??? When NASA held a popular vote to name the space station node, they didn't expect hundreds of thousands...
View ArticleThe good news....and the bad news about the economy
The good news: The number of people collecting unemployment insurance benefits is dropping. The bad news: The reason for the decline is that their unemployment benefits ran out. The people are...
View Articlethe real problem with Romney's statement
The problem is simple: The 47% are Romney's most loyal supporters. Let's look at them in detail. The elderly and disabled: 61.6 million, about 21% of the population. These are Romney's most loyal...
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