Economy

RUMORS OF A “BACKDOOR STIMULUS”

AUGUST 6, 2010 An Argentinaville Stimulus? Wall Street comes to life with rumors of a back-door stimulus. It’s August, so one expects the vapors to fill with humid and overripe rumors. But the ride given yesterday to rumors that the Obama Administration is planning an “August Stimulus Surprise” was remarkable even by the sodden standards

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LETTER TO THE EDITOR – THE ROOSEVELT MYTH

THE NEWS & OBSERVER Letter to the Editor Aug 06, 2010 Roosevelt realities A July 25 letter-writer said that President Roosevelt used the government to get this nation back on track during the Great Depression. He’s wrong. A whole alphabet of federal agencies was established to dictate to private businesses how they could operate. Virtually

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U.S. FUNDS OUTSOURCING IN SOUTH ASIA

U.S. To Train 3,000 Offshore IT Workers Federally-backed program aims to help outsourcers in South Asia become more fluent in areas like Java programming—and the English language. By Paul McDougall InformationWeek August 3, 2010 01:59 PM http://www.informationweek.com/news/software/integration/showArticle.jhtml?articleID=226500202 Despite President Obama’s pledge to retain more hi-tech jobs in the U.S., a federal agency run by a

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THE DEMOCRATS’ BRAVE NEW WORLD OF “TAX EQUITY”

AUGUST 4, 2010 The Blue State Blues Taxing the rich, except in my district. One irony of the tax increase that arrives on January 1 is that the it will hit residents of high-income, Democratic-leaning states like California, Connecticut, New Jersey and New York the hardest. This is a problem for pro-tax Democrats. Enter New

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REWRITING THE HISTORY OF FANNIE AND FREDDIE

AUGUST 3, 2010 Rewriting Fannie Mae History The effort is underway to resurrect the biggest housing losers. If you want proof that the Washington establishment has learned nothing from the 2008 financial panic, look no further than the nearby letter from former Fannie Mae CEO Franklin Raines. Our old antagonist is signaling where the debate

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NEW FINANCIAL REFORM BILL – TRANSPARENCY LOST

Hapless SEC can now hide its secrets Examiner Editorial July 30, 2010 Independent financial fraud investigator Harry Markopolos has said the SEC is not only “financially illiterate” but it is also “captive to the industry it regulates.” (Susan Walsh/AP file) “No one will know until this is actually in place how it works,” said Sen.

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SMALL BUSINESS JOBS ACT – OBAMA’S WEAK ATTEMPT TO PROVE HE IS NOT ANTIBUSINESS

JULY 30, 2010 Son of TARP More politically directed credit, this time for small banks. President Obama has been trying to rebut the claim that he’s antibusiness by promoting something called the Small Business Jobs Act, which would provide loans and temporary tax cuts to small businesses. If you’ve been paying attention over the last

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