The Market Traders

News and analysis that really matters.

Government

Geithner's Failed Makeover

Thu, 02/17/2011 - 2:25pm -- editor
Site Section: 

[[wysiwyg_imageupload:1741:]]By Michael Pento

To counter the increasing demands that government reduce its micromanagement of the economy, last week the Obama Administration offered a fig leaf in the form of a white paper entitled "Reforming America's Housing Finance Market." In addition to marking the official end of the Bush era "ownership society," where increasing the level of home ownership was a national priority, the document contains a recommended regulatory overhaul of the Federal Housing Authority (FHA) as well as Fannie Mae and Freddie Mac (together known as Government Sponsored Enterprises "GSE's"), that intends to bring the share of government owned home loans from the current 95% to 40% over the next 5-7 years.

The Real Tragedy in Greece

Yesterday the world witnessed a new and more severe outbreak of violence in Greece.  Youths and union members clashed with police in a riot complete with tear gas, flash grenades, molotov cocktails, and tens of thousands of protestors.

What, exactly, were they rioting about?  The answer is actually quite simple.  They don't like the austerity being imposed on them by a government desperately seeking to find some sort of fiscal discipine, something to which neither the government nor the public sector workers are accustomed.

Successful Economic Policies? For Whom?

Andy's picture
Tue, 09/07/2010 - 10:54pm -- Andy

By Ron Paul

Last week, in the wake of another uptick in the official unemployment rate, the administration continued to claim that their economic policies were working, just not fast enough. This administration inherited an unemployment rate of 7.7% and promised a peak of no higher than 8% if their policies were followed. Not only does the administration have a funny way of ending a war, but now they claim their economic policies are successful. For whom, I wonder?

Pages

Subscribe to RSS - Government