Asian Conservatives

Paul Krugman of the NYT is a respected economist — after all he’s won a Nobel Prize for his work. He paints a grim picture in his latest column, “The Third Depression,” which puts blame mostly on worldwide government policies: We are now, I fear, in the early stages of a third depression. It will [...]

The recent volatility in world stock markets not only show how regional economies are intertwined today, but also how tattered some of the E.U. economies are. Today it is Greece, but anxiety over Portugal and Spain has yet to be calmed. In fact, the bailout for Greece from other European nations failed to inject confidence [...]

I get the feeling that American taxpayers are starting to feel like they’re in the movie Groundhog Day. You know, when Bill Murray’s main character keeps waking up and reliving the same day, seeing the same people doing the same things, over and over and over… We’re waking up every day to news of new [...]

Could Greece’s debt crisis tear the European Union apart? German Chancellor Angela Merkel, with backing from most Germans, oppose to a bailout of Greece. That has angered Greek parliament members, so much so that they’re going back to World World II history. Share and Enjoy:

Analysts from the leading French bank, Societe Generale, told investors that a bailout of the Greek debt would send the eurozone bloc into a financial crisis, risking a “double-dip” recession of the member states. The European Union, led by Germany and France, has tentatively agreed to rescue Greece, but details are still vague. A bailout [...]

What could be a sign of more rough roads ahead than the fact that Social Security is now cash-negative? For the first time in decades, Social Security is taking in less taxes and cannot fulfill benefits: No one has officially announced that Social Security will be cash-negative this year. But you can figure it out [...]

Does the president who doesn’t tweet think Americans can be fooled by anything the administration puts online, including data on recovery.gov? The Recovery Board Chairman Earl Devaney officially admitted to the fact that: …In a letter to Issa dated Nov. 17, Devaney wrote, “Your letter specifically asks if I am able to certify that the [...]

Twenty percent of the union face imminent bankruptcy: Those states in fiscal peril include California, Arizona, Rhode Island, Michigan, Oregon, Nevada, Florida, New Jersey, Illinois and Wisconsin. California, a state with a population and economy that rival some countries, is in deep water. It’s one of the few states to support illegal aliens in its [...]

Yes, Government Motors indeed. The American economy at 10.2% unemployment rate, and G.M. wants to boosts its overseas operations instead of creating jobs on U.S. soil. With taxpayer money. Share and Enjoy:

We are starting to witness the community organizing skills of President Obama in handling our national affairs. President Obama has demonstrated that he’s a man of inaction and indecision, typical of an “organizer.” The bad news for us is that he also holds the most powerful office in the world and commands the world’s best [...]

In recent years China’s economy has been the envy of the world. It’s grown consistently and even amidst the global recession, China emerged as the savior of several Western economies, namely ours, by loaning America money and buying our debt. But what is China has been cooking its books? What if it’s just another Enron, [...]

Apparently $12 billion wasn’t enough to keep GMAC afloat, and now it’s asking the Treasury Department for more bailout money. The government and taxpayers already own 35% of the company. It continues to bleed: GMAC, which lost $3.9 billion in the second quarter of this year, got into financial trouble largely to many sub-prime mortgages [...]

Bernie Madoff’s ponzi scheme cost his clients nearly $65 billion. He’ll spend the rest of his life in prison now. But every taxpayer should be appalled by what is discovered by TARP Special Inspector General Neil Barofsky regarding the $700 billion federal economic rescue package to banks. The audit finds Mr. Bernanke and Mr. Paulson [...]

The U.S. Postal Service is in deep trouble ever since… well, since the likes of UPS and FedEx were able to deliver better service in the market. The USPS was in trouble way before the recession, but now it’s lobbying Congress for some financial relief. But let’s step back and look at the situation. Seriously, [...]

President Obama is open to bailout assistance to failing newspapers as long as they restructure as a nonprofit organization. Yes, another hint of the president’s socialist and anti-capitalist ideals rearing its ugly head. But even more insulting is his reasoning: Obama said that good journalism is “critical to the health of our democracy,” but expressed [...]