Wishing you and yours a joyous and prosperous new year

Illinois Governor Blagojevich has announced his choice for appointment to the Senate seat vacated by President-elect Obama: Former Illinois Attorney General Roland Burris.
Three weeks ago the US Attorney charged Blagojevich with attempting to sell the Seat to the highest bidder.  Since then, Democrats across the nation have demanded that the Governor resign, but he [...]

New York Gov. David Paterson said Friday that because bonuses were canceled for just six Goldman Sachs executives, New York state income tax revenue will decrease by $178 million.
Goldman Sachs decided to capitulate to New York Attorney General Andrew Cuomo and the political-media establishment, all shouting that Wall Street companies receiving cash [...]

The triumphant new chant from the political-media establishment, heard several times a day:
“This is the greatest economic crisis since the great depression.”
The government response so far, follows the Depression precedent:

Hurl blame at designated private sector bad guys, especially “greed on Wall Street,” and,
Assume new powers not authorized by the Constitution.

As during the Depression, politicians, especially [...]

In an effort to minimize the perception that President-elect Obama has any connection with Illinois Governor Blagojevich’s attempt to sell Obama’s recently vacated Senate Seat, the Obama Transition Team issued a press release that looks like the opening tactic in a political disinformation campaign, or coverup:

“At the direction of the President-elect, a review of Transition [...]

Another Unconstitutional Bailout may have been sunk by the intended beneficiary’s greed.
On Wednesday the House of Representatives passed a bill to bail out GM and Chrysler with some $14 Billion.  Thursday night, after feverish negotiations, the Senate rejected a bailout because the UAW refused to agree to the terms Senators proposed.
Friday morning United Auto Workers [...]

offered senate seat to highest bidder auction senate seat for sale governor tried to sell Obama’s senate seat on ebay auction

As Thanksgiving dawns, many - perhaps most - Americans have recently suffered economic setbacks and may feel more cheated than thankful.  But if you have a computer, Internet access, decent shelter and enough to eat you have more than most of the world.
Being thankful for what we have instead of grieving for what we’ve [...]

Can Government Fix the Crisis Government Caused?
Click the boat to see all articles in Big Bailout Series
Sixty days ago Treasury Secretary Paulson and Federal Reserve Chairman Brenanke warned Congress and the public of imminent financial calamity that would engulf the entire economy.
According to the Paulson-Brenanke-government brain trust, the only thing that could save us [...]