Archive for the ‘Policies’ Category

An Explanation of the State of our Economy

By: Alex Harris First of all, I’d like to say that I personally apologize to those of you who do actually enjoy reading this blog periodically. Clearly, it’s been a while since I’ve taken the time to write; apparently college takes its toll.  But, that’s neither here nor there,...
November 16th, 2009 | Business, Markets, Policies | Read More

In Debt We Trust: Here Comes the Bust

By: Billy Alpert On September 15, Fed Chairman Bernanke said that the recession is “very likely over”.  At this juncture there is really no point in believing anything that comes out of this man’s mouth, in fact, over the not too distant past it was actually wise to use his statements to forecast...
September 18th, 2009 | Business, Policies | Read More

Cash-For-Clunkers: Not So Bad After All

By: Alex Harris Recently, the Obama administration striked into law what has been so-cleverly dubbed by the mainstream media: the ”Cash-for-Clunkers” program, or more professionally known as CARS, or the Car Allowance Rebate System.  At first glance, it seems like another government initiaition...
August 9th, 2009 | Business, Policies | Read More

Real Economic Stimulus: Abolish Minimum Wage

By: Billy Alpert The most recent attack on prosperity is the federal government increasing the minimum wage from $6.55 per hour to $7.25 per hour, effective July 24, 2009.  This 11% increase is occurring on top of a large 12% increase from $5.85 to $6.55 in 2008. Many only tend to look superficially...
July 19th, 2009 | Business, Policies | Read More

GM Bankruptcy: Lawless Government

By: Billy Alpert Although the media has been covering the GM bankruptcy from May extensively, I feel it has failed to address the real hidden issue surrounding it: government lawlessness. When a company declares bankruptcy, the company does so because it acknowledges it cannot fully meet the obligations...
June 14th, 2009 | Business, Policies | Read More

Ken Lewis: Speak Up

By: Alex Harris On June 11th, Ken Lewis (the current CEO of BofA) testified in front of a congressional panel to answer questions regarding last year’s September 14th merger with investment bank, Merrill Lynch.  The main topic of concern: Did the government, specifically Ben Bernanke or former...
June 14th, 2009 | Business, Policies | Read More

Sheila Bair, FDIC Doesn’t Equal Citi Bank

By: Alex Harris The last time I checked, 36% meant exactly that: 36%.  36% is the percentage of Citi Bank that the U.S. government currently owns.  However, FDIC Chairwoman, Sheila Bair has recently decided that she can overlook our ownership stake, pretend she’s a majority share-holder and...
June 8th, 2009 | Business, Policies | Read More

Caught Between a Barack and a Harding Place

By: Billy Alpert George Santana once said, “Those who cannot learn from history are doomed to repeat it.” This concept may give us more economic insight than all the gray beards combined. In dealing with the current economic crisis, many figures, especially Obama, keep referring back to history,...
May 30th, 2009 | Business, Policies | Read More

U.S. Takes 72% Stake in GM

By: Alex Harris After 101 years in operation, world-renowned automotive corporation, General Motors, will follow through with filing bankruptcy protection on Monday, June 1st.  However, because of the convoluted, quasi-public market we unfortunately live in, bankruptcy will come with numerous demoralizing...
May 29th, 2009 | Business, Policies | Read More

Obama’s Budget Cuts Raise Questions

By: Alex Harris Market analyst Peter Schiff once said something in the realm of, “Increasing government spending while our country is experiencing never-before-seen deficits is comparable to a guy losing his job, only to come home and tell his wife he took out a loan to re-model the bathroom....
May 7th, 2009 | Business, Policies | Read More