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Economy Tag

Posted by William A. Jacobson on May 14, 2009 5 Comments

Critics, including me, of Obama's economic plans have made the point that the unprecedented huge deficits necessary to pay for expanded health insurance coverage, college education guarantees, the present and future "stimulus" plans, infrastructure projects, budget expansion, financing and operational takeovers of the auto industry...

Posted by William A. Jacobson on April 29, 2009 25 Comments

It would be very easy to fall into a depression over Arlen Specter switching political parties, giving Democrats a likely filibuster-proof Senate majority. The result will be that Obama will be able to push through much of his agenda without meaningful debate.Not that I will...

Posted by William A. Jacobson on April 20, 2009 22 Comments

The Financial Times reports that banks and other financial institutions which received TARP funds may not be allowed to repay the loans. Yes, that is correct:Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a...

Posted by William A. Jacobson on March 25, 2009 0 Comments

Michele Bachmann, the conservative Republican Congressman from Minnesota, has gotten into the heads of the left-wing blogosphere. Yesterday was the completely phony attack on Bachmann's "armed and dangerous" comment, in which her metaphor for outrage was twisted into a supposed call to arms.Today brings another...

Posted by William A. Jacobson on March 25, 2009 4 Comments

I have been waiting for this day, when one of the demonized executives at a bank or insurance company would tell Congress to "take this job and shove it." The person singing this song today is Jake DeSantis, an executive vice president of the American...

Posted by William A. Jacobson on March 25, 2009 2 Comments

The internet and media are abuzz with the prospect of changes in the law which would permit newspapers to operate as non-profits. Michelle Malkin comments that And so, it has come to pass… after the well documented decline of newspaper revenues and profits.If you were...

Posted by William A. Jacobson on March 21, 2009 2 Comments

The financial crisis seems hard to understand. How did we go from a robust economy to "the worst economy since the Great Depression"? (h/t Barry O)There are 27 visualizations which make things easier to understand. I like this one in particular (click on picture to...

Posted by William A. Jacobson on March 19, 2009 0 Comments

Note: Cuomo's Press Release and The Indictment Are Posted BelowThis story is just breaking. Hank Morris, a top confidant of U.S. Senator Charles Schumer, has been indicted for pension fraud for using political connections to steer N.Y. State Pension Fund business for a fee:A political...

Posted by William A. Jacobson on March 17, 2009 4 Comments

Oh boy, has this administration become unhinged in its efforts to force through Obama's "bet the farm" economic plans.Rahm Emanuel runs anti-opposition campaigns from inside the White House against Rush Limbaugh to take down the leading opponent of Obama's economic plans. The White House coordinates...

Posted by William A. Jacobson on March 15, 2009 0 Comments

Much has been written about ammunition shortages, and skyrocketing prices. It is about to get worse, as the Obama administration has implemented scrap metal policies which will make it much more difficult for manufacturers to get the material needed for civilian munitions.An interesting post...

Posted by William A. Jacobson on March 15, 2009 10 Comments

Change is in the air. Not just that the inside the Beltway pundits are noticing that He is not all that He is cracked up to be. Not just that people are taking to the streets in protest. Not just that our European allies no...

Posted by William A. Jacobson on March 15, 2009 9 Comments

Just a little true anecdote on how the "rich" cutting back is hurting the "not rich."My wife went to a hair salon last Friday. The salon is located on the East Side of Providence, Rhode Island, near Brown University. This is the premier neighborhood in...

Posted by William A. Jacobson on October 16, 2008 0 Comments

Here is a link to my article, published in The Ithaca Journal, on how "Risk in the Mortgage Industry Spurred Meltdown": http://www.theithacajournal.com/apps/pbcs.dll/article?AID=/20080927/OPINION02/809270304/1014/NEWS17 ....

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