The professors have done a good job clearing up any misconception that the US will be able to avoid using third-world tools to rein in its excessive debt.
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This is a more acerbic look at the president’s announcement of “victory” in the GM bailout. The man’s hubris and audacity are breathtaking.
It was a victory of a kind, but not for the American taxpayer.
The more I dug into the Treasury’s report the more I was persuaded that it was propaganda, pure and simple. It’s helpful to remember that the Treasury Department is staffed by Obama-ites, operating under orders from His Worshipfulness.
The MSM bally-hoo leaves out essential pieces of Summers’ background. With his towering moral decrepitude, he would have fit right in at the Fed.
Ferrara should have used the recovery from the Depression of 1920-21 as his model, when the relatively free market rebounded mightily, recovering fully within 18 months.
This is a republishing of an article from last week which now includes some revisions and expansions and clarifications that my editor at The New American suggested before it is published in an upcoming print edition of that magazine.
This is a great reminder about what is possible.
The NFIB’s survey is the real-world boots on the ground view of what’s really happening in the economy.
This time, it isn’t Bush’s fault.