The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said. The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into …
A new ad on health care from Family Research Council plants tongue firmly in cheek to make a serious point: [youtube]http://www.youtube.com/watch?v=aXHSw8-YP3w[/youtube] The earliest identified use of the phrase, “there’s no such thing as a free lunch,” dates, fittingly enough, to the Depression Era. And what is true of free lunches, …
The Chief Actuary in the Centers for Medicare and Medicaid Services in the Obama Health and Human Services department issued a memorandum late yesterday looking at the potential impact of the House health reform legislation (H.R. 3200). As the Associated Press and other media outlets have been reporting, the study …
Some wonder whether the stock market’s rebound to over 10,000 is a sign not of economic recovery but of inflation. Is the simultaneous rise in gold prices another symptom of dramatic inflation ahead, sparked by big government blunders? An article at Smart Money includes Jonathan Hoenig’s warning of government-caused hyperinflation. …
The dollar’s steady and sometimes fleet downward slide in exchange markets is eliciting a number of interesting explanations, but most commentators are only looking at their favorite piece of the economic puzzle. The dollar is under pressure against, well, every currency that matters. But why, and are there other financial …
The Congressional Budget Office reported yesterday that the U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion, the biggest since 1945. Washington will spend $33,932 per household in 2009–$8,000 per household more than last year. Following President Barack Obama’s budget, Washington will be spending $33,000 per …
