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Politics
What consumer confidence numbers tell about America’s trust in liberal totalitarianism.
by J. Christoph Amberger
Baltimore — (TFN): “I hope you have a healthy New Year,” my friend wrote in her Christmas card. “I would wish you a prosperous and happy New Year, but unfortunately I don’t think that’s in the cards for anyone this year. [...]
I cannot believe the audacity of this country’s beggars. Greedy businessman after greedy businessman is lining up in Washington for a bailout package of their own. The free market will not help them, so now they want assistance in the world of blind politics.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore—(TFN): After the banks got their rescue, the [...]
Two vital marketplace signals are the profits that come with success and the losses that come with failure. When these two signals are not allowed to freely function, markets operate less efficiently. To be successful a business must take in enough revenue not only to cover wages, rents and interest but profits as well.
by Walter [...]
This is a big day for Illinois. Not only was its governor and his chief of staff arrested, but the state is working to blackmail Bank of America (NYSE:BAC) out of millions of dollars.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): This country has made an incredible ideological shift in the past three months. I cannot [...]
The nation was forced to digest a horrifying jobs report this morning. Just when we thought the economic news could not get much worse, it does. What impact will the news have on our nation’s politicians? I say it can only help.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): Today’s horrific jobs report may be just [...]
No matter how the spot and future prices change (both up, both down, one up, one down), when the futures contract expires, the price gap closes and they make money. All this activity thus will close the abnormal gap between futures and spot prices to normal contango levels. Conclusion: making money is hard work—there is [...]
The new Capital Visitors Center was unveiled in Washington today. It was more than $500 million over budget and three years too late. If our leaders cannot manage a building project, how in the world will they save companies like Ford (NYSE:F) and General Motors (NYSE:GM)?
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): I am not one [...]
This is one of the most pivotal times in the nation’s history, yet it is politics as usual in Washington. Obama promised change but is delivering Clinton 2.0. Is he making the right decisions or are we all in serious trouble?
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): The Bush administration threw its third pitch at a [...]
Our politicians are handing Wall Street a gift today. Shares of General Motors (NYSE:GM) and Ford (NYSE:F) are soaring in price. Will they make good on their word.
By Andrew Snyder
****** Story Update (3:30 PM EST) ****** Congress now tells us that it has put off a vote on any Detroit bailout until after Thanksgiving. It [...]
This is turning out to be one of the most important months in American history. Congress is making one politically induced mistake after the other. If it cannot get this mess sorted out, the nation will never be the same again.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore — (TFN): The nation celebrated Veteran’s Day this week. The eleventh [...]
The federal government does not have a strong reputation of getting things done. When it dives into a big project, a handful of folks get rich and the rest of us suffer. The $700 billion bailout is turning out the same way.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): We all knew it was nothing more than [...]
We are down to the last 48 hours of a presidential campaign that started over four years ago. Now, it seems the more we learn about Obama, the more the nation fears him. It is a shame we do not have more time.
By Andrew Snyder
Baltimore – (TFN): I did my part. After watching the political [...]
The net result of an Obama Presidency, supported by a rubber-stamp Congress, is that the legal left will once again have a majority on the nation’s most important regulatory court of appeals.
by Steven G. Calabresi, Wall Street Journal
Baltimore — (TFN): The legal left wants Americans to imagine that the federal courts are very right-wing now, [...]
Obama’s economic plan includes some of the most lethal tax increases imaginable, including a jump in the capital-gains rate, expanded government spending, plus token $500 welfare check handouts he calls a tax cut. How could his 1970’s-style Euro-Socialism possibly lift stock markets?
by Charles Gasparino, New York Post
Baltimore — (TFN): Most investors know the devil is [...]
I am no fan of overly powerful unions. They destroyed America’s manufacturing industry and ripped apart Detroit. Now they are setting their greedy sights on Boeing (NYSE:BA).
By Andrew Snyder
Baltimore – (TFN): I did not know it was physically possible until it happened this morning. I actually hate unions and their devastating me-first mentality more [...]
Capitol Hill is at it again. As if spending over a trillion dollars was not hard enough on the federal budget deficit, our left-leaning leaders want to throw even more free money into the economy. If you want a healthy economy, do not cash those checks.
By Andrew Snyder
Baltimore – (TFN): I used to think [...]
Presidential politics are heating up. Earlier this week, Obama was walking away with the lead. But thanks to a bald-headed plumber, McCain is clawing his way back.
By Andrew Snyder
Baltimore – (TFN): I thought these guys only answered previously screened questions. How in the world did this Joe-the-plumber guy slip one by Obama?
I know how… [...]
“I think when you spread the wealth around, it’s good for everybody.” — Barack Obama
by J. Christoph Amberger
Baltimore — (TFN): “It’s not that I want to punish your success,” Obama told Ohio plumber Joe Wurzelbacher. “I want to make sure that everybody who is behind you, that they’ve got a chance for success, too.”
Wurzelbacher is [...]
The slowing economy is hurting everybody, including state and local governments. At least 29 states are expecting budget shortfalls over the next twelve months. Taxes are going up and spending will go down. It is all happening at the worse time possible.
By Andrew Snyder
Baltimore – (TFN): I woke up this morning to some not-so-great news. [...]
Smug Europeans are gleefully rubbing their hands as America’s financial industry hits rock bottom. But the Schadenfreude may be short-lived: The U.S. credit crunch means lower demand for European imports. And American spending built their economic recoveries… Click here to view!
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