The Stupidest Government Program Ever

They’re supposed to provide a boost to the economy, but the government’s stimulus programs are having the opposite effect. The Fed’s own statement, released yesterday, said, “Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.” In other words, despite losing your job […]

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U.S. Home Price Rebound Already in ‘Bubble Territory’

Robert Shiller The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in “bubble territory,” an economist known for his property market expertise said on Tuesday. Robert Shiller, an economics professor at Yale University and co-developer of Standard and Poor’s S&P/Case-Shiller […]

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Obama’s Too-Big-to-Fail Plan Is Too Dumb to Pass:

Commentary by Kevin Hasset Sept. 28 (Bloomberg) — Treasury Secretary Timothy Geithner’s appearance in Congress last week to explain how President Barack Obama would overhaul financial regulation elicited the most striking sign yet that the wheels have come off the administration’s economic-policy team. The White House had proposed, and Geithner was ready to defend, such […]

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Remember the TARP Money? Yeah, It’s Gone.

Posted by Leon H. Wolf Via USA Today, TARP IG Neil Barofsky has some harsh words for the way the TARP funds have been handled: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to […]

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Act now against Net Neutrality

Posted by Neil Stevens The time is coming that the left is going to begin its drive for Single Payer Internet, and so the time has come for us to fight back. Finland is gradually nationalizing the Internet and declaring use of other people’s Internet hardware a “right,” and the left is cheering. Obama’s “Internet […]

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