The global economic storm continues to rage and national governments seem about as commanding in these conditions as small boats tossed around on a tumultuous sea. The week began with an emergency bailout of Citigroup, the world’s biggest bank, by the United States Treasury. A few days later the Federal Reserve [...]

Just thought you might like to see what I sent to Washington. I know it will end up in the dead letter bin, but you have to try. I will post any reply I get.

Dear Deadbutts (I didn’t include this line in the letter)

I know you have the world by the tail [...]

Life is back to good now. Bush is out, No-Experience is in. Personally, I have stopped listening to the news, so things are quite fine. Just remember, the media has predicted 27 out of the last 2 recessions. Screw ‘em all. Let the advertising dry up and the ‘news’ programs be [...]

I don’t fully agree with this guy often, but here’s Bill O’Reilly speaking against the auto bailout of the Big Three:

I will preface this by saying I do believe that the big 3 is being treated harsher by Congress than the banking industry has been. That being said I think this was poignant and entertaining.

Rep. Gary Ackerman, D-New York On learning that the CEOs representing the big 3 all flew [...]

American Auto Industry: “Can we please have $25 billion in tax payer money to stay in business?”

Congress: “If we give you the money what are you going to do differently to ensure that you don’t end up in this situation again?”

AAI: “Umm… This time we’re going to do it [...]

What happens when you agree to dole out $700 billion of taxpayer money directly to corporations? The vultures start circling looking for the remaining specks.

As of this writing, Atlanta, Phoenix, Philadelphia, and now Dallas are lobbying for their own cut of federal tax money to help prop up their cities. [...]

The Wall Street Journal commented on an interesting facet of the bailout bill. Apparently, the Democratic Party has decided to slip in some “scripted dialogue” after the vote on the bailout took place in order to secure more money for the UAW via Detroit’s Big Three:

The plan? Make [...]

In a recent spotlight on the Boston Globe’s website they try to come up with reasons why the bailout might feasibly help taxpayers.  Seems to me like they have to stretch pretty far to see any light at the end of that tunnel.  Most of the “benefits” are obscure ways to [...]

Problems here in the US have a tendency to make themselves felt worldwide, as we have all seen in recent months.  Here is another good example.

German automaker Opel, a subsidiary of the existentially threatened American firm General Motors, is trying to get the German government to secure its future. Its [...]