When the big automakers went to Washington and Ottawa (and Toronto) to request funding from the taxpayers, politicians were more than happy to oblige. Why shouldn’t taxpayers bailout the private sector when jobs are at stake? This was a bipartisan move, and all of the leading news media outlets applauded. A decade later, and General […]
Archives for November 2018
U.S. corporate debt tops $9 trillion – analysts warn it’s about to explode
Last week, financial experts sounded the alarm about China’s corporate debt problem. It was reported that Chinese corporations that held their debt in dollars will soon experience a tidal wave of defaults within the next two years. It turns out the U.S. also has a corporate debt problem. According to a new CNBC report, U.S. […]
Trump slams Federal Reserve, Jerome Powell AGAIN
President Donald Trump continues to goad the Federal Reserve into a response to his constant tirades against the Eccles Building. So far, the central bank has not taken the bait. Speaking in an interview with The Washington Post, President Trump slammed the Fed and Chair Jerome Powell for raising interest rates and introducing other normalizing […]
Why Fight for $15? Why not fight for $50? Leftists don’t need to settle
By: Jacob Hornberger If economic ignorance among leftists (i.e., liberals and progressives) had no adverse impacts, we could consign it to the ranks of the humorous. Unfortunately, however, such ignorance has very serious adverse consequences, especially on poor people. The classic example of this phenomenon is the minimum wage. This week a liberal website named […]
Fake news? The Guardian says Paul Manafort met with Julian Assange
Fake news? Perhaps. The London Guardian published a report on Tuesday that alleged former campaign manager for Donald Trump, Paul Manafort, held “secret talks” with WikiLeaks founder Julian Assange at the Ecuadorian embassy. One such meeting occurred around the same time Manafort joined the Trump campaign. Here is the primary part of the story: “Sources […]