You’ve no doubt read or heard a lot about moves by the U.S. auto industry’s to seek assistance from the federal government. If you have any questions or doubts about why it’s so important to contact your U.S. Senator and Representative urging them to support assistance for the domestic automakers, please take less than three [...]
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Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Their [...]
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This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that there was a whole lot of nothing going on in measures of economic progress [...]
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Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more than a year since the last debt limit increase, and graphs showing the debt limit over time show a steep, almost [...]
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Much has been made recently about the supposed economic recovery. A few blips in a few statistics and many believe our troubles are all over. Of course, they have to redefine recovery as jobless to account for the lack of improvement on Main Street. But the banks have money, Wall Street is [...]
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Last week, the Financial Crisis Inquiry Commission kicked off their first round of hearings on the causes of the economic meltdown on Wall Street. The commission is being compared to the the Pecora Commission launched in 1932 to investigate the causes of the Great Depression. The Pecora commission is beloved by those who [...]
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Last week it was revealed that when Treasury Secretary Tim Geithner was Chairman of the New York Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant details of agreements with banks to bail out Goldman Sachs. Apparently he felt at the time that regulators and the public would [...]
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Ron Paul’s HR1207 to audit the Federal Reserve is gathering steam, and a companion bill has been introduced in the Senate (S604). This is Dr. Paul Texas Straight Talk for May 18, 2009.
“I have been very pleased with the progress of my legislation, HR 1207, which calls for a complete audit of the Federal [...]
