Jeff Wartman

You are browsing the archives of 2009 January.

A lot of people have been using the term “bailout” to describe the TARP packages.  However, “bailout” isn’t an accurate term — pseudo-nationalization is much more accurate.  These aren’t emergency loans or assistance packages — it’s the smokescreen takeover in ownership of these companies by the federal government. From the International Herald Tribune: With two [...]

In a strikingly illiterate decision, an “election board” in south suburban Calumet City has ruled that Mayoral candidate Pam Cap cannot run for Mayor. The board ruled Cap should have resigned or taken a leave of absence in order to run for mayor. “It’s disheartening,” said Cap, who is taking the issue to Cook County [...]

As has been widely reported lately, Obama Treasury Secretary appointee Tim Geithner has some tax problems. The largely seamless confirmation hearings for President-elect Barack Obama’s cabinet nominees hit a snag today after Senate Republicans said they intend to raise questions about a former housekeeper for Treasury secretary nominee Tim Geithner, as well as questions about [...]

Leave it to Matt Drude to connect the dots. The latest numbers for the Obama extravaganza for the upcoming inauguration are in and they ar staggering.  From the UK Daily Mail… Barack Obama’s inauguration is set to cost more than £100m making it the most expensive swearing-in ceremony in US history. The President-elect will take [...]

Some troubling news from the President-elect Until last week, Carol M. Browner, President-elect Barack Obama’s pick as global warming czar, was listed as one of 14 leaders of a socialist group’s Commission for a Sustainable World Society, which calls for “global governance” and says rich countries must shrink their economies to address climate change. By [...]

Steve Gordon has an astute quote, reacting to Chrysler’s “Thank You” ad in which they “thank” the taxpayers for their $4 billion bailout. First of all, if you are going to pseudo-lawfully extort money from me, don’t further insult me with insincere politeness.  In other words, don’t thank me for a pleasant date right after [...]

Brian Doherty over at Reason has brought to my attention a great article over at FoxNews.com regarding people who made a profit from the Bernard Madoff Ponzi Scheme scandal.  Here’s an excerpt… The many Bernard Madoff investors who withdrew money from their accounts over the years are now wrestling with an ethical and legal quandary. [...]