2008 Government Bailout

Just keep this chart in mind when they come back, in the near future, for debtslaveryus stimulus 2.0. Remember – the politicians are lying to you.
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Yesterday’s Wall Street Journal had possibly the most dire article I’ve ever read on a company’s viability. Unfortunately, the article wasn’t online, but here are some highlights: General Motors Corp. capped a dismal 2008 with a $9.6 billion loss in the fourth quarter, brining its loss for the year to $30.9 billion. … GM...
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Change we can believe in? Last night’s press conference by President Obama was hardly a departure from the typical George Bush-style fear-mongering. You can sum his speech up like this: “Pass the stimulus, or else the universe will collapse!!! Gravity will fail! The sun will implode! Think of the CHILDREN!!” Sometimes the best way...
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The REAL natinal debt – including all unfunded future mandates. The math just doesn’t work. Yes, it currently says $58 trillion. Margaret Thatcher: “The trouble with Socialism is, sooner or later you run out of other people’s money.”
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This post will show how the proposed $825 billion “stimulus” package will do absolutely nothing to help the economy and will only serve to make the existing economic problems worse. “But wait! How could that be?” you ask yourself. All the politicians and talking heads on TV are saying that it will boost the...
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There’s an old parable about getting hooked on government handouts. I had heard this years ago, but it just popped in my mind again today. I searched the Internet and found one version of it. A chemistry professor at a large college had some exchange students in the class. One day while the class...
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Here’s an example of the absolute recklessness of the current bailout mess. An article from Forbes ought to make all Americans go berserk on the members of Congress that are voting in favor of this thing: In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy...
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The giant socialist bailout bill passed the Senate yesterday 75 to 24. Senator Carl Levin voted YES, Senator Debbie Stabenow noted NO. Call Senator Stabenow and say thanks! 202-224-4822. Email her here. Call/write Senator Levin now and tell him that Josef Stalin would be proud! (202) 224-6221 (Fax him at 202-224-1388) Email him here....
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(Note: this post is taken from the Ludwig von Mises Institute’s economic blog) The events taking place in the financial market offer an illustration of the soundness of the Austrian theory of money, banking, and credit cycles, and Mises.org is your source not only for analysis of these events but also the economic theory...
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