Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts
Gary Owen: Housing Crisis Redux
New wave of subprime loans demanded by government. The 2008 melt down of the economy was a lesson. The government learned well and is doing it better this time. A new wave of subprime mortgages is here, more powerful than the tsunami that washed away the worlds economy with the Community Reinvestment Act. William Tucker informs us ... MOREWashington Examiner: Congress Robs Taxpayers Twice
A bipartisan fleecing of the American taxpayers. While the nation was distracted with the Supreme Court's Obamacare ruling last week, Congress passed a $96 billion double-bailout that only guarantees future bailouts in the years to come. On Friday afternoon, within half an hour of one another, both the House and Senate voted to reauthorize the ... MORESheldon Richman: Is Serfdom An Executive Order Away?
The unchecked powers of the executive. Sometimes a step back helps to provide perspective on a matter. President Obama provided such a step with his March 16 Executive Order—National Defense Resources Preparedness. In it we see in detail how completely the government may control our lives—euphemistically called the “industrial and ... MOREVIDEO: The Student Loan Crisis
Be afraid. Be very afraid. Because you see, another financial crisis looms. Just as there were millions of people given mortgages they couldn't afford, a million graduates are about to discover they have a useless degree they couldn't afford.
Andrew C. McCarthy: The Myth Of GOP Stinginess
Republicans fill the tank as Obama drives off cliff. Mitch McConnell wanted you to know he was livid on Thursday. The Senate was about to Greece the wheels for adding yet another trillion and change to President Obama’s yet-again tapped-out credit card. “More spending, more debt,” brayed the minority leader. “That’s what we’ve gotten from ... MOREBinyamin Appelbaum: Fed Sees Rates Staying Near Zero
Bernanke favors keeping lid on boiling pressure cooker. The Federal Reserve said on Wednesday that it intended to hold short-term interest rates near zero “at least through late 2014,” extending its most basic and longest-running response to the financial crisis by at least another 18 months. The decision means that the Fed does not expect the ... MORE
Bob Aldelmann: Each Chevy Volt Costs Taxpayers $250,000
Green policy = wasting the green from citizen wallets. The Mackinac Center for Public Policy just released a study showing that by the time all federal and state loans, grants, subsidies, and tax credits are figured in, each Chevy Volt costs taxpayers upwards of $250,000. James Hohman, the center’s assistant director of fiscal policy, counted a total of 18 ... MOREDon Surber: Obama Backers Getting Rich On Green Causes
Al Gore likes the Fisker. Over the holidays, the New York Times reported: “Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard.” Not mentioned in the report was the fact that the Obama administration had given this tiny car company a Solyndra-sized loan of $529 million. Banks loans the money with ... MOREJohn Stossel: Job Creators Fighting Back
Some politicians claim that politicians create jobs. Senate Majority Leader Harry Reid says, "My job is to create jobs." What hubris! Government has no money of its own. All it does is take from some people and give to others. That may create some jobs, but only by leaving less money in the private sector for job creation. Actually, it's worse than that. Since government ... MOREBill Frezza: Cause Of Market Failure In Higher Education
What China knows that we do not. A little noticed Associated Press news story last week reported that China now plans to phase out college majors that consistently produce unemployable graduates. Any program in which 60% of the graduates failed to find work for two consecutive years would face funding reductions until supply was brought back into balance ... MORE
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