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The Latest News about bailouts

Detroit Bankruptcy – “Obviously” Republicans’ Fault

Liz Harrison did a great job of documenting why Detroit filed bankruptcy. She says, “Detroit has been in a state of decline for many years, primarily due to residents and businesses moving out of the city – migration to the suburbs. To make up for shortfalls in revenue, the city has been borrowing not only for day-to-day operational expenses, but ...

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Free Market Revolution

Amid the ire directed towards our government, our biggest corporate entities and each other, there are calls from all sides for dramatic change in the policies and politics of America. From TEA party activists, to Occupiers, to the weary long-time unemployed, there is a sense of urgency that something must change, and must change fast. Free Market Revolution is a ...

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Can Obama Pick ’em, Or What?

Can President Barack Hussein “kill list” Obama pick winners, or what? But it really does not matter to him since he is using taxpayer money to invest in companies. There is a myriad of topics about which to write about his picking prowess, so I will limit myself, in the interest of the typical liberal reader attention span, to only ...

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Is the US Going To Need a Bailout?

In terms of national debt as a percentage of Gross Domestic Product (GDP), the answer is “YES!” How, you ask, do I arrive at that answer? Well, let’s examine the debt as a percentage of GDP in Portugal, Ireland, Greece, and Spain (PIGS), as well as in the US. First, let’s examine the debt as a percentage of GDP in ...

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Student Loan Debt: Much Ado About Nothing

It is starting to get quite embarrassing for the Obama administration.  They’re trailing Romney in the polls, they’ve lost the edge with women, and his 2013 budget went down in flames in the Senate today with a final vote tally of 99-0. In the words of Sen. Minority Leader Mitch McConnell, “there’s no education in the second kick of a mule.”Not ...

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Cradle to Grave Suicide

Alexis Tsipras, head of Greece’s Radical Left Coalition, declared that country’s commitment to austerity is over because voters have rejected those deals. “There is no way we will sneak back in again what the Greek people threw out”, Tsipras said. “This is an historic moment for the Left and the popular movement and a great responsibility for me,” he added, ...

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Postal Workers Caught in Tax Refund Fraud

A ring of criminals operating out of the Dominican Republic have been running a massive income tax refund scam in which billions of false income tax filings have cost the taxpayers billions of dollars in losses. In an article in The Wall Street Journal we see the following information: Between October 2010 and June 2011, the IRS received phony tax ...

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First stop Greece, next stop Spain

The austerity express may have already left the station in Greece but the pain train bringing massive fiscal cutbacks arrived in even greater force in Spain this past week. Unsurprisingly, austerity is just about as popular in Spain as it was in Greece – inciting violence, riots and general strikes in Barcelona and other major Spanish cities last Thursday. Protests ...

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MSM Carries Obama’s Water With UAW

 With his teleprompters present, on Tuesday, February 28, 2012, President Barack Hussein Obama attended a United Auto Workers (UAW) meeting in Washington DC. Obama’s speech, billed as a policy speech, was more like a campaign pep rally. Said Obama, “Some politicians even said we should ‘let Detroit go bankrupt!‘ You remember that?” But there is one little problem. While the ...

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Media Ignores Massive TARP Fraud and Theft

For Americans who still choose to get their news from the mainstream media corporations at ABC, NBC, and CBS, the news that 77% of the TARP bailout money has been repaid to the taxpayer seems like a marvelous revelation. Considering that that is about all the public has been told concerning the TARP taxpayer cash giveaway sweepstakes, the following information will ...

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SAAB: Symptom Of A Bailout Culture

SAAB Automobile AB announced today that, for the sixth month in a row, they can’t meet payroll. The backstory for this American audience: Saab first announced difficulties paying its employees in April. The employees (better-known in socialist speak as “workers”) ceased working, and have been collecting government unemployment benefits equal to their full salaries ever since. Saab’s financial difficulties began in the ...

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