Editors Picks

Dear Mr. Obama: Interest is the “penalty” for borrowing money.

In President Obama’s push for a “fee” on banks to recoup losses from the TRAP plan.  He and his administration continue to confuse economics and with wealth redistribution and to play pretty loose with the facts.  Let’s look at this speech in a little more detail.
Losses in TARP plan.
These losses are not caused by the [...]

Obama’ … Just words. Just speeches.

Obama does such a great job of saying on thing and doing another.    In blaming others for every ill .    But is was he himself that said “Just words.. Just Speeches”.    That actions are what matters.
He says he does not want the government to own banks or car companies.   But his actions go beyond ownership, [...]