Politics
“Markets are casting vote of no confidence for Obama”
Published on October 24, 2008
Obama’s economic plan includes some of the most lethal tax increases imaginable, including a jump in the capital-gains rate, expanded government spending massively, plus token $500 welfare check handouts he calls a tax cut. How could his 1970’s-style Eruo-Socialism possibly lift stock markets?
Market crisis: It is the unions’ fault
Published on October 22, 2008
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 [...]
Election-year economics: Another stimulus package?
Published on October 20, 2008
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 [...]
Spread the wealth: Don’t forget about Bob the Builder!
Published on October 17, 2008
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… [...]
Obama’s economic program: Wealth redistribution
Published on October 15, 2008
“I think when you spread the wealth around, it’s good for everybody.” — Barack Obama
State budget deficits: Here come the tax hikes
Published on October 13, 2008
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. [...]
Why America’s credit crunch spells debacle for Europe
Published on October 7, 2008
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…
VP Debate: All eyes on Palin
Published on October 3, 2008
The vice-presidential debate last night was a success. Biden held his ground and Palin did not implode. Who is Wall Street voting for? The answer is obvious.
By Andrew Snyder
Baltimore – (TFN): If one more person asks my wife if she knows Sarah Palin, she is going to snap. After spending the last two years [...]
Bailout bill: Corrupt politicians steal your money
Published on October 2, 2008
You may not believe it, but our elected officials are not morons. In fact, they are very smart, calculating businessmen. The measure profits not in dollars but by votes. Unfortunately, the world of politics is far more corrupt than Wall Street.
By Andrew Snyder
Baltimore – (TFN): I do not know why I am surprised by [...]
Jeffrey Miron: Bankruptcy, not bailout!
Published on September 30, 2008
The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company.
The Great Hedge Fund Extinction
Published on September 30, 2008
Panicked billionaires will trigger the next financial shock wave as mass redemptions hit the over-leveraged, money-losing industry.
Dollar Bear: No rebuilding without a clear slate
Published on September 26, 2008
Sadly, Americans now appear willing to abandon their economic heritage at the first sting of financial pain. Although passage does seem inevitable, it is nevertheless the wrong thing to do. Central government planning did not work in the Soviet Union and it will not work here. Only free market forces are capable of sorting through the mess. Political meddling will make the problems worse.
The nation’s future: When campaign managers are in charge, it’s time to short Under Armour
Published on September 26, 2008
Wall Street is in a mess today. It is all thanks to our elected officials in Washington. Yesterday, we were close to a deal. Today, we have moved backwards and investors are paying for it. Go short on companies like Under Armour (NYSE:UA) and take advantage of the action.
By Andrew Snyder
Baltimore – (TFN): The [...]
Offshore oil ban lifted: Why oil company shares will FALL
Published on September 24, 2008
Congress is working to lift the offshore oil-drilling ban. It is nothing more than political pandering that will raise taxes and lower earnings potential. If you are an oil investor, you need to keep a close eye on your portfolio while this legislation works its way through Washington.
By Andrew Snyder
Baltimore – (TFN): In a day [...]
Do as they say: Charlie Rangel’s tax reporting
Published on September 23, 2008
For someone who’d like to slam the evil rich with special taxes, Rep. Charlie Rangel has a strangely tenuous grip on his own reporting. “Forgetting” to report rental income from his Caribbean beach retreat may be just the beginning… or his version of the two Americas. Click here to view!
Big trouble: Wall Street in the hands of Congress
Published on September 19, 2008
Wall Street is in the hands of Congress. With less than a week before the end of the current legislative session, the heat is on to pass the legislation the financial world needs to survive. If our elected officials fail, we could all be in big trouble.
By Andrew Snyder
Baltimore – (TFN): Here is a factoid [...]
Congressman Charlie Rangel evades taxes, while trying to steal 50% of your expat assets
Published on September 17, 2008
“Hypocrisy is defined as the act of professing beliefs, feelings, or virtues that one does not really possess. In other words, it’s a fraud – especially when a certain person’s actions secretly contradict what he’s been preaching. But I can think of a better definition of hypocrisy.” — Bob Bauman
Blogger’s note: American history is [...]
Election 2008: Freedom vs. Socialism
Published on September 16, 2008
Discussions about pigs with lipstick should not distract us from the fact that American prosperity is at stake in the coming elections. The choice is not between candidates but between principles. It’s Freedom vs. Socialism.
Republicans vs. Democrats: Who spends more?
Published on September 15, 2008
“Republicans like to call themselves the party of fiscal discipline. But if you dig into the numbers, you might find some surprises.” — Charles Delvalle
by Charles Delvalle
Baltimore — (TFN): Republicans like to call themselves the party of fiscal discipline. But if you dig into the numbers, you might find some surprises.
Since 1938, Democrats increased [...]
How Big Brother Justifies Global Spying Part II
Published on September 10, 2008
“Unless we assume everyone carrying out any type of financial transaction is a criminal, this type of pervasive financial surveillance is a prima facie violation of our rights.” — Mark Nestman
by Mark Nestman
Baltimore — (TFN): Yesterday, I gave you a laundry list of reasons how governments worldwide are working in tandem to steal [...]
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