The huge economic stimulus blew up in the faces of its supporters last week. The legislation led, we now know, to a massive tax fraud. If ever there was an object lesson in the perils of rushing out a stimulus ...
Tagged with: stimulus
Read More »The huge economic stimulus blew up in the faces of its supporters last week. The legislation led, we now know, to a massive tax fraud. If ever there was an object lesson in the perils of rushing out a stimulus ...
Tagged with: stimulus
Read More »Criminals know that people who are distracted might forget to keep an eye on their valuables. It’s just happened to us as a nation. We have all been so busy whining about bonuses at American International Group Inc. and arguing ...
Read More »For two centuries, Wall Street survived wars, depressions, bank panics and terrorist attacks. Now Wall Street as we know it is dead. Gone. When a healthy and thriving person dies suddenly, a medical examiner may talk to family and friends ...
Tagged with: Citigroup Goldman Sachs Harvard MBA Merrill Lynch Wall Street
Read More »President Barack Obama’s electoral success has much to do with his grasp of the American mood. Democratic and Republican Americans coexist peacefully every day and are unanimously disgusted by the increasingly negative tone of our politics. Obama revealed last January ...
Tagged with: Barack Obama electoral Nancy Pelosi
Read More »There is one way to be sure that you are complying precisely with U.S. tax law: read the entire code. Problem is, it currently contains about 3.4 million words. That’s like reading “War and Peace” six times. If you did ...
Tagged with: Barack Obama tax law Timothy Geithner Treasury Secretary
Read More »We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policymakers now believes that the correct response is for the U.S. government to borrow too much money. ...
Tagged with: Barack Obama Congressional Budget Office crisis deficit George W. Bush
Read More »If you go to Germany during Spargelzeit – “asparagus time” – you will experience the amazing intensity with which Germans can focus on a good thing. In recent years, energy conservation has probably received more attention from the Germans than ...
Tagged with: Barack Obama energy conservation Germany Spargelzeit
Read More »