From the Wall Street Journal: The federal government agreed Sunday to take unprecedented steps to stabilize Citigroup by moving to guarantee close to $300 billion in troubled assets weighing on the bank’s books. Treasury has agreed to inject an additional $20 billion in capital into Citigroup under terms of the deal hashed out between the […]
Money & Investing
RNC to File Suit to Undo McCain-Feingold Limits
The Washington Times is reporting that the Republican Nation Committee plans to file two lawsuits seeking to overturn elements of the McCain-Feingold act – formally known as the Bipartisan Campaign Reform Act of 2002. The first suite due to be filed in filed in the District of Columbia seeks to strike down the soft-money ban […]
Miami Dolphins Owner Wants to Sell His Stake Before Obama Raises Taxes
Miami Dolphins owner Wayne Huizenga said Sunday that he wants to sell up to 45 percent more of the team to Stephen Ross and that the presidential election is among the issues weighing on his decision. From SunSentinal.com: Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 […]
Dick Armey: Bush Plan to Buy Bank Stocks Should Face Constitutional Challenge
Via CNSNews.com: Former House Majority Leader Dick Armey (R-Texas) said that the Bush administration’s plan to buy $250 billion in stock in U.S. banks should be challenged in federal court as unconstitutional. “I think that it is subject to a serious constitutional challenge,” Armey said in a conference call with reporters on Tuesday. “It is […]
Back to the 70’s
Everything old is new again or here we go again… Back to the 70’s. Every time I listen to democrats in talk about energy policy I feel I’ve been transported back to the 1970’s. Admittedly some of of their suggestions like making sure your tires are properly inflated or getting regular tuneups are basic commonsense […]
Ho-hum…
I’ve been digging around looking for something interesting to blog about over the past few days and so far I’ve come up dry. I could write about Barack Obama’s world tour but that’s been done to death and frankly I can’t think of anything hasn’t already been said. So I thought rather than leaving you […]
Tell the RNC what you think…
Here’s your chance… Have at them 🙂 Here’s my top ten: A strong dollar – The value of the dollar has fallen over much of the past decade and we’re paying for it in the form of higher prices for oil and gas among other things. Stabilizing and strengthening the dollar will help reduce the […]
Gas Prices and Politics
The only thing worse than a trip to the gas pump these days is listening to John McCain, Hillary Clinton and Barack Obama talk about energy policy. John McCain and Hillary Clinton both say they’ll bring us relief at the pump with a temporary moratorium on the 18.4 cent per gallon federal gas tax. To […]
No Surprise Really
I wanted to write something about the Microsoft / Yahoo non merger on Saturday but I couldn’t come up with anything more than YAWN. I’m not really surprised that talks between the two companies broke down or that Microsoft withdrew its acquisition offer. The deal never made sense to me and to be honest I […]
Recession?
Can we put an end to the recession talk at least for now? The last time I checked a recession was defined as two or more consecutive quarters of negative growth. So far we haven’t had a single quarter of negative growth so all this talk of a recession is, well, premature. Make no mistake […]
Somthing you should read…
Take a couple of minutes to read Jerry Bowyer’s “Don’t Blame the Markets” OpEd in the New York Sun today it does a good job laying out how we got to where we are in the current sub prime mortgage mess.