Economic Crisis

Financial Reform Law Institutionalizes ‘Too Big To Fail’

We talked about the stupidity of the financial reform bill before they passed that 2,000 page monstrosity that includes the Office of Financial Research to track every single financial transaction in the country, but now the rest of the country might just find out how bad the Dodd-Frank law actually is. Bloomberg has put out a report (see video link below) showing that the 'too big to fail' banks actually grew into mega-banks during the financial crisis through the gobbling up of rivals. This is not big news but these facts might be: The US banking sector has grown 7…
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Are You Paying Attention To Congress and The Big 3 Auto Bailout?

At least the Big 3 Executives have gone from flying private jets to driving hybrids to Washington.  That is not enough reason to "gift" billions of dollars to the Big 3 Executives who through mismanagement and poor vision have destroyed their companies and made the major players in the American automotive industry colossal dinosaurs compared to the technologies coming out of Asia and Europe.  Is this our fault? Should we be paying for it?  Why has Detroit been peddling luxury and "status" cars for the 10% of the population that can afford them instead of gearing their designs, plants and…
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Another View Of Joe The Plumber and Barack Obama

I want to thank Will Bower of PUMA08 for sending me this video of drinkingwithbob about our new favorite "hero", Joe the Plumber.  I am pretty damn sure that after watching the video you are going to be thinking Bob needs to be added to Joe the Plumber, Harriet Christian, and Lady Lynn as heroes and heroines of the Constitutional American Dream. I was warned to turn the sound down and I am issuing the same warning to my readers.  If you are not laughing your butts off by the end of this most perfect rant, then maybe you need…
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