“If you don’t believe me, just watch how Congress and Barney Frank run the banks. If you thought they did a bad job running the post office, Amtrak, Fannie Mae, Freddie Mac and the military, just wait till you see … Continue reading →

 John McCain insists, like his opponents, that the federal government must bail out all home mortgages. He knows that this essentially means a government takeover — a literal nationalization — of the lending industry. If this isn’t socialism, I don’t … Continue reading →

‘I chose my friends carefully. The more politically active black students. The foreign students. The Chicanos. The Marxist professors and structural feminists.’ From “Dreams From My Father,” by Barack Obama, published in 2004.

I think it’s wonderfully refreshing that a newscaster in Florida asked the Democratic vice-presidential nominee a question based on fundamentals. In case you didn’t hear, Senator Joseph Biden was asked to defend how Obama is NOT a socialist, since his … Continue reading →

I have a question. People who make $200,000 a year (or actually $150,000 a year, as Obama’s plan unfolds) are supposed to not care about tax increases — and, in fact, suck them up without a complaint. But the people … Continue reading →

Colin Powell’s endorsement of Obama for President can be explained by only one of two factors. Either he’s making a decision based on race; or he never believed what he claimed to believe while in high government positions over the … Continue reading →

Obama’s philosophy of wealth creation should be called “trickle up” economics. He believes, and states over and over again, that the worker — and the middle class employee — is the central unit of economic activity. Karl Marx had a … Continue reading →

Which to choose–McCain or Obama? The choice is between a man who does not deserve to be President, and a man who will be intolerable as President. That being said, the winner of the title Commander-in-Chief is patently obvious. It … Continue reading →

Sen. Tom Coburn: “The root of the problem is political greed in Congress. Members … from both parties wanted short-term political credit for promoting homeownership even though they were putting our entire economy at risk by encouraging people to buy … Continue reading →

“The financial crisis is not the crisis of capitalism. It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.” — French president Nicolas Sarkozy This from … Continue reading →

John McCain is such a horrendous “defender” of capitalism that one can only conclude he sees no purpose in defending it. This is a man with absolutely NO systemic understanding of anything economic. As awful and as socialist as Obama … Continue reading →

“Still, the bank bill with its huge bailout does suggest that the $29 billion bailout of the bondholders of Bear Stearns in March was a mistake. It seemed to have a moral-hazard effect by encouraging Lehman Brothers and other investment … Continue reading →