The Dow is plunging big-time today, even more than when the House shot down the initial bailout plan.
So, where is it?
Where’s my $700 billion economic security?
What happened to the idea that just passing the economic bailout would bring peace to the markets? What happened to this idea that you could push a $700 billion button […]
Update: We don’t have to accept this just because the Senate passed it. Michelle Malkin has Operation Hold the Line in effect.
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The Senate passed the huge bailout yesterday, meaning now the House of Representatives will essentially get a second crack at this bill that is so dedicated to converting America to socialism.
Operating under the Jeffersonian […]
My “let the storm pass” theory now has verification from a guy who looks like this. Dan 1, Paulsen 0.
His name is Jeffrey A. Miron and he’s a senior lecturer in economics at Harvard. Says he:
This bailout was a terrible idea. Here’s why.
The current mess would never have occurred in the absence […]
Update #2: I have a better metaphor for this. Let the storm pass. I wrote about that here.
Update: Nancy Pelosi is on TV right now and she’s blaming Republicans. But something like 95 Democrats voted “nay.”
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News just broke that the House of Representatives voted 228-205 in favor of the Nays […]
Crises allow government to expand their influence under the pretense of solving problems. Now Treasury Secretary Henry Paulson wants the authority to dole out $700 billion dollars as he pleases - an authority which is being called unconstitutional.
I say, rather than that, bring on the crisis.
Recall that we’ve been bailing out people already. As tends […]
If you think the U.S. government’s bailout and “seizure” of Fannie Mae and Freddie Mac is a good way to fight the housing crisis, then it goes without saying you don’t mind a little Karl Marx with your coffee, thank you very much.
This latest, and HUGE, bailout, spells out a certain something for people that […]
Bill Gates is one of the world’s greatest philanthropists - without him, there wouldn’t be the giant Bill and Melinda Gates Foundation - and now he wants people to stop a habit that the WHO predicts will kill a billion people in our century: smoking.
That’s right: both Gates and Michael Bloomberg are spending […]
Greetings loyal BPN readers! It’s been a while since I last wrote a main pager. Hope all of you had a great Fourth of July.
The Democratic presidential campaign fundraising numbers are in for the second quarter.
According to an Associated Press article featured in the Milwaukee Journal Sentinel on Monday, 7/2/07, Sen. Barack Obama set the […]
Here are the campaign contribution totals taken in by presidential candidates during the first quarter of 2007, compliments of today’s USA Today:
Democratic Candidates:
Hillary Rodham Clinton—$26M
Barack Obama—approx. $25M
John Edwards—$14M
Republican Candidates:
Mitt Romney—$20.6M
Rudy Giuliani—approx. $14M
John McCain—$12.5M
My thoughts on all of this…
I have to say that these numbers are surprising. First off, I certainly didn’t expect Romney to come […]
Amazingly, Bush has yet to be blamed for yesterday’s 400-point stock plunge that saw markets in Asia and in the U.S. tumble as bad as they have since September 11th.
Before I start chanting “Bush Lied, Stocks Crashed,” someone please relieve me:
“All who invest should feel grateful that we’ve had a great run for the last […]
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