Bill Gates Apparently Doesn’t Understand How the Private Sector Works

Given the amount of money Bill Gates has made, one would think he already understood how the private sector works. But his recent comments concerning green energy research and the public and private sector makes me think he has no idea what he’s talking about: Yes, the government will be somewhat inept… But the private sector is in general inept. How many companies do venture capitalists invest in that go poorly? By far most of them. Yes. Precisely. It is absolutely necessary for companies Read more […]

Fannie Mae Is At It Again!

Mortgage giant Fannie Mae, the too-big-to-fail bailout beneficiary, is apparently at it again—doing everything in its power to sink the economy into another recession: The Federal Housing Finance Agency inspector general said its latest concerns involve Fannie Mae’s “haphazard” decision to fill a critical auditor position with an employee who lacked proper qualifications and suffered from a conflict of interest. Unless Fannie Mae’s leaders and the audit committee that allowed the Read more […]

GM is Alive; At Least Twelve GM Owners Are Not

For me, the most frustrating part of the massive bailout for the failing big businesses of America (like GM and the big banking interests) is not how much money the taxpayers had to shell out (though that was rather frustrating). It’s one simple fact—the bailouts propped up businesses that should have died. The bailouts rewarded mediocrity and punished excellence. I hate my bank—Chase. I used to be a very happy customer of Washington Mutual. Do you remember them? They had generally happy Read more […]

Obama Calls Losing $10 Billion a Success

“When I took office, the American auto industry – the heartbeat of American manufacturing – was on the verge of collapse…As President, I refused to let that happen. I refused to walk away from American workers and an iconic American industry.” – The Great One (Barack Obama) So self-congratulatory, isn’t he? It’s sort of nauseating. Sometimes, I believe that we must live in multiple worlds. One world is real—the one in which Obama is a massive failure, and a self-adoring oaf, and the other Read more […]

Citizens of Iceland Overthrow Government Over Bank Fraud

Consider a country where banking interests balloon debt by lending to people who cannot possibly pay back their loans. These toxic assets then threaten to destroy the national economy. Banking interests plead with the civil government to rescue them for the sake of the economy. The civil government bails them out with taxpayer money. Sound familiar? Well, that’s where the similarities end between the banking crisis in Iceland which began in 2008, and the banking crisis that occurred in the States Read more […]

Has GM Used Taxpayer Dollars To Send Jobs Overseas?

Barack Obama and Joe Biden repeatedly told the American public that Romney helped send American jobs overseas.  Biden said it so often that it sounded like a broken record or a looped sound bite, mindlessly playing the same thing over and over and over again until everyone is sick and tired of hearing it.  They said it so often that millions of gullible voters began believing them and voted for Obama. If the current rumors are true, I wonder how Obama and Biden would justify their part in doing Read more […]

Taxpayers Held Hostage By Obama’s FHA Lies

It’s official. The recovering US housing market, under the Obama Administration, is going to need a $1 billion dollar bailout and soon. No wonder the President was late with his budget. Once again the leaches running our federal government are asking the sheep, or at least our representatives, to look the other way while the alleged housing recovery receives another financial transfusion courtesy of a country $17 Trillion dollars in debt. On March 29, 2013, I read a highly recommended article Read more […]

Detroit Politician Demands Bailout Because City Supported Obama

Quid pro quo: something given or received for something else; also, a deal. A few weeks ago, I wrote about how FDR’s state bailouts caused greedy and dishonest competition for government dollars. As it turned out, the states that needed the money most were not the ones that got it. The states that got the cash were the states that FDR needed to win re-election. And so it goes even today. As Detroit goes bankrupt, city councilwoman JoAnn Watson wants Obama to bail the city out. She said this Read more […]