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Members of AIG's financial-products unit should take heart. Yes, Obama administration pay czar Kenneth Feinberg is coming down on them with the awesome power of his czardom, dictating that their pay not exceed $200,000 a year. ...more
October 28, 2009
" ... ObamaCare basically means that every time you are sick or injured, you will have a clerk from the Department of Motor Vehicles telling your doctor what he can and cannot do," wrote comedian/pundit Ben Stein. This might not be such a bad thing if it came to be. ...more
October 9, 2009
It is absolutely unbelievable how dumb the Obama administration thinks the American public is. They put forth a plan to buy the "toxic assets" of banks, which they now call "legacy assets," and try to convince us that this will be done by the private sector. ...more
March 29, 2009
These past few days watching the news programs covering the events up in Washington, D.C., I heard something that should scare everyone. ...more
March 28, 2009
Both President Obama and Treasury Secretary Geithner say they take full responsibility for the AIG debacle although neither says what he has done wrong or what he would do to correct it. This may be a good sound bite but is meaningless. Actions speak louder than words. ...more
March 27, 2009
Ye Gads! Great Scott! Great Jehosafat! They never stop! It was devastating enough that corporate CEOs succeeded in achieving the standard of minimum wages for American workers while they "earned" billion dollar profits through outsourcing. It was devastating enough that they, Wall Street, bankers and mortgage companies, nearly destroyed our economic system through criminal skullduggery. ...more
March 26, 2009
Suzan Franks of Hernando says the Florida Public Service Commission should rejected Progress Energy Florida's latest rate increase request. ...more
March 25, 2009
President Barack Obama claimed early progress Tuesday night in his aggressive campaign to lead the nation out of economic chaos and declared that despite obstacles ahead, "we're moving in the right direction." At the second prime-time news conference of his presidency, Obama also toned down his criticism of bonuses to executives at bailed-out AIG, and shot back at Republican critics of his budget. ...more
March 24, 2009
Treasury Secretary Timothy Geithner called on Congress Tuesday to grant him new powers to regulate huge financial companies like insurance giant AIG, whose failure would pose a grave danger to the U.S. financial system and the broader economy. ...more
March 24, 2009
A $14 trillion economy hangs by a thread composed of (a) a comically cynical, pitchfork-wielding Congress, (b) a hopelessly understaffed, stumbling Obama administration and (c) $165 million. ...more
March 24, 2009
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