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Dreaming of Deficits
Jan. 5 (Bloomberg) — President-elect Barack Obama’s economic stimulus package will include hundreds of billions of dollars worth of tax breaks for individuals and businesses, according to a transition official and Democratic aides. Obama is asking that tax cuts make up 40 percent of a stimulus package, the people say.
I’ve been watching CNBC today with nothing but spite for a Larry Kudlow who can barely keep his pants on he’s so excited. I think if they’d let him, he’d be singing songs praising supply side this and Keynesian that.
As for the other jackals who call themselves financial reporters, there…
6Jan2009 | Oxbury Research | 0 comments | ContinuedWall Street Physics
This past week we saw more outrageous behavior from our government. The Federal Reserve and “Bailout” Ben Bernanke refused to give the details of the $2 trillion that they have “loaned” to financial institutions. I only wish I could get in on that gravy train!
Even more outrageous was a speech this past week by Treasury secretary “Handout” Hank Paulson. He basically said that the US is not at the heart of the global economic problems and that all countries are equally to blame. I didn’t know whether to laugh or cry.
Should I laugh? Is he really that dumb? I doubt it.…
17Nov2008 | Oxbury Research | Comments Off | ContinuedAmerican Banksters
Who said the following – “Some of our bankers have shown themselves either incompetent or dishonest in their handling of the people’s funds. They have used the money entrusted to them in speculation and unwise loans.” George W. Bush? Hank Paulson? Ben Bernacke? Nope – it was Franklin D. Roosevelt on March 12, 1933!
I guess human nature doesn’t really change much. I wonder if someone will write a book on our era similar to “The Great Gatsby” and its look at Gilded Age society. Maybe the book will be titled “The Fabulous Fuld”?
Hear the Money Talk
The ‘best’ of America was…
27Oct2008 | Oxbury Research | Comments Off | Continued
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