Obama is intoxicated.  He is intoxicated by power and ego.  The White House has already tried to turn Limbaugh, Santelli, and Cramer into punching bags, but now he’s so drunk that he has started calling on his liberal, progressive smear campaigners to target democrats who dared to oppose his stimulus or his budget.  See the [...]

All the news outlets are talking about it, so why not us – A.I.G. Bonuses…where to begin? 
Upon hearing that AIG is paying around $165 million in bonuses to the derivatives group that caused their downfall, Washington has begun performing its angry dance to show taxpayers how distraught they are.  Words like “outrage” and “impropriety” [...]

It’s not my day to write today, but Thursday’s writer is a bit tied up for the time being, so in an effort to appease our readers, (all two of you) I thought I’d fill the white space with something that has been on my mind a lot recently.  Despite the dramatic slide in home [...]

My commercial transactions professor can’t stop bringing up his support of modifying mortgages in bankruptcy.  He keeps arguing that modifying mortgages in bankrtupcy won’t make mortgages more expensive.  In his words, “the economics doesn’t back it up.”  He also doesn’t think that there will be a rush on bankruptcy courts.  Finally, he likes to come [...]

The government has been hijacked.
As I learned in elementary school, the legislative branch is responsible for creating laws.  Given our representative system, this should mean that laws enacted reflect the will of the majority.  Let’s check the math: 4 people want the law + 1 person against the law = law passes. 
The system breaks [...]

In my commercial transactions course today, my professor, who likes to scoff at free-market solutions, talked about giving states the right to set limits on the rates credit cards can charge.  He remarked, “We as a society never decided that it was okay to charge 30% interest.”  I have to disagree.  While we don’t like to [...]

The day has finally arrived and it couldn’t have come soon enough.  While I may prefer another candidates political ideology, the awkward period between the election and inauguration made it difficult for any progress on any topic.  I wish President Obama the best and hope him success.  Here is my wish list in no particular [...]

Battery-powered cars are the rage at this year’s Auto Show in Detroit and everyone knows why.  A government bailout has a lot to do with it, but quite simply, these electric cars are supposed to save the world from catastrophic global warming. 
Meanwhile, outside the convention center in Detroit, today it was -12 degrees.  That is [...]

This is just a quick post to say that none of the TARP money should be used to help homeowners facing foreclosure.  The TARP money was never intended to bail out individuals.  The money was to be used to help calm the credit markets and get lending happening again.  The government should never bail out [...]

 People always talk about the silver linings in bad situations. They look for the small piece of good news amidst all the bad news. We’ve talked about this silver lining before, but I’m glad to see it reiterated by none other than Barack Obama.
During the campaign, Obama made a lot of promises about a lot [...]