another Obama lie

The mainstream press provided wide coverage when President Barack Obama said equipment maker Caterpillar would rehire laid-off workers if Congress passed his stimulus package. But the media were relatively quiet about that claim when Caterpillar recently announced that not only would it not rehire workers, but was cutting additional jobs. Caterpillar Inc., the world’s largest […]

how to understand the stimulus bill

Shortly after class, an economics student approaches his economics professor and says, “I don’t understand this stimulus bill. Can you explain it to me?” The professor replied, “I don’t have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, […]

give them a pail

and let them bail themselves out… Interesting way to look at the financial crisis: How We Can Clean Up A Lot of the Economic Problems Remember Enron, WorldCom, Adelphia, and other companies had artificially put assets on the books? They’d say something was worth $10M when they bought it, but eventually it decreased in value, […]