Articles about Economy
Did Chuck Schumer Cause the Impending Global Financial Collapse?
Senator Chuck Schumer, Democrat from New York, has been accused of causing the collapse of Indymac Bank; at the time it was the second biggest bank failure in American history. Of course, he has denied that, by publicly disclosing a letter questioning the financial stability of Indymac, he caused the run that resulted in its failure and takeover by federal authorities. Now, what we know is that Senator Schumer serves on both the Senate Finance Committee and the Senate Banking Committee, and in the eleven days after he disclosed his letter, there was a run on Indymac that resulted in the withdraw of more than $1.3 billion dollars and a collapse of the institution. It turns out it was only a pebble compared to the avalanche that has followed; but a crucial pebble indeed.
So, while the complexity of the current situation may not lend itself to an easy root-cause analysis, it is natural to look for a sine qua non. For those people that keep a close eye on daily events and have an open, inquisitive mind, it is at least interesting to pose the question whether Senator Chuck Schumer’s actions were the catalyst that enabled a quicker, easier, and much more widespread slide into global recession (either inadvertently, or perhaps as part of a larger agenda). Such folks might also ask themselves (perhaps rhetorically) whether or not Mr. Schumer (et.al.) will now stand offering the “helping hand” of government to assist those impacted by the firestorm of events that followed and led us to this crisis (isn’t that… everyone?). Given that outcome, and the self-aggrandizing nature of leftist policies and actions, one may ultimately be led to question the initial motivations of this Senator from New York, or at least to ponder whether he was (perhaps unwittingly) the spark.
Energy Efficient Government - Part Two
If there is any hope left for restoring lean and efficient principles to our bloated and wasteful government, it is surely found in the Ron Paul camp. It is never too late to jump on the bandwagon.
Efficient Markets and Warren Buffet
Read up on efficient market theory, and how it apparently does not apply to Warren Buffet! I’m starting to think we should shut down the public school system and just ask kids to spend a couple of hours sufring Wikipedia every day… they’d be twice as smart!
Ethanol and Oil - “Driving” our economy?
This article is proof that the ill-advised push for ethanol has serious negative side-effects, and that our dependency on foreign oil is a problem. And as a side note, whoever still thinks that journalism is an ethical business that seeks truth and accuracy, consider the following headline