The Archives

12.21.08

The Free Market Christmas Carol Across the US, Activism, Congress, Conservatism, Government, Party Politics, Spending |
Here is a great video from a group called Liberty on the Rocks, performing a version of Jingle Bells that I think every free market loving American can relate to. [youtube]http://www.youtube.com/watch?v=2_QzsC3BlMY[/youtube] Lyrics (to the tune of Jingle Bells) Work day in day out, barely makin' do. Government asks for more, but the bailouts not for you Worked real hard this year, but don't expect to save What Congress wants to take from you, why not just be their slave Ohhh... Government you steal our checks from cradle until grave You'll prop up failing industries, the streets you'll never pave Government, you make things worse, each time you try to ...

Tagged: Bailout, Business, Christmas, Conservative, Free Market, Government, Libertarian, Party Politics
12.17.08

Why is nobody going after the governments long-lasting Ponzi scheme? Congress, Economy, Party Politics, Spending | (1)
If you're a news junkie, it's more than likely you've seen at least a dozen stories regarding the $50 billion Ponzi scheme orchestrated by former NASDAQ chairman, Bernard Madoff. Just to recap, a Ponzi scheme is an illegal investment practice that pays out an unusually high return to investors by simply redistributing money that comes in from new investors. Often times these schemes come to a screeching halt when a few larger investors try to pull out their money at the same time, leaving the scheme operator in a position where there is a withdrawal request that simply cannot be accommodated because ...

Tagged: Economy, Fraud, Government, Investments, Madoff, Money, NASDAQ, Ponzi, SEC, Social Security, Spending, Stocks, Theft, Wall Street
12.13.08

I think this song describes the auto bailout perfectly Across the US, Congress, Party Politics, Spending |
All I wanna do is take your money.... [youtube]http://www.youtube.com/watch?v=7sei-eEjy4g[/youtube]

Tagged: Bailout, Chrysler, Democrat, Detroit, Ford, General Motors, Republican, UAW, Unions
12.11.08

Senate Republicans show America they still have a pair and kill auto bailout Across the US, Beltway Politics, Congress, Democrats, Spending |
Update (12/11/08 - 11:12pm): Senate fails to invoke cloture with a vote of 52 Yeas to 35 Nays, 8 short of the required 60 votes. This means that both bodies will have to take this issue up again in January, as the rest of the Senate's sessions will be pro forma, where nothing really happens. ------------------------------------------------------------ It looks like the efforts of Senator Bob Corker (TN) and the leadership of Senate Minority Leader Mitch McConnell have paid off and the Senate Republicans have grown a pair, standing up to the Democrats and the White House. It appears that the Senate wont have the 60 ...

Tagged: Auto Bailout, Bailout, Chrysler, Corker, Dodd, Ford, General Motors, House, McConnell, Reid, Senate
12.10.08

House of Representatives Passes Auto Bailout Beltway Politics, Government, Spending |
This seems to be the thought process of many of the elected officials in DC today... Step 1: Pass Auto Bailout in the House. Check. The United States House of Representatives just passed the latest round of government handouts (237-170), this time with the taxpayers money directed towards the troubled automakers. Step 2: Pass Auto Bailout in the Senate. coming soon. Step 3: Adjourn Congress, go back to districts and receive praise. Then come back to Washington to find out this "bridge loan" didn't do as much as they had hoped and start this whole process again. Step 4: Write a book. While today's proceedings ...

Tagged: Auto Makers, Bailout, Ford, GM, UAW, Unions

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