Freddie Mac Was Kind to Emanuel Almost immediately after I wrote yesterday’s post on Rahm Emanuel, I came across this story about him, found in the Chicago Tribune, revealing that he made $320,000 at Freddie Mac for very little work over a 14-month period. The story notes: Emanuel’s Freddie Mac involvement has been a prominent point on his political résumé, and his healthy payday from the firm has been no secret either. What is less known, however, is how little he… Read more »
Emanuel: Ultimate Insider The man on the right is Rahm Emanuel. Most people don’t know who he is, but he’s been around for quite a while, and has a reputation for carrying out political strategy. You might call him the ultimate insider due to his ability to use the system for his advantage. Emanuel was a chief advisor to President Clinton, then became a congressman. His tactics can be described as ruthless—he accomplishes what he wants no matter how he… Read more »
Minnesota congresswoman Michele Bachmann on the Obama budget and the deficit: President Obama is never at a loss to note that he inherited a trillion-dollar deficit. But, for a man that’s expressed so much outrage towards this deficit, he sure is doing his best to see that it keeps growing higher and higher. On Friday, the CBO (Congressional Budget Office) released its analysis of President Obama’s Fiscal Year 2010 budget, finding that if enacted as is, his big spending proposals… Read more »
If you are a little confused by the Treasury plan revealed yesterday, let me do my best to explain it. Isn’t it great to gain an understanding of complex economic policy?
I don’t usually begin with the cartoon, but I thought this one was a wonderful lead-in. It exemplifies the simplistic ideas some people carry in their heads about how government works. “He’s president, isn’t he? So he can just make anything happen that he wants!” No, that’s called a dictatorship. The Founders set up a federal republic. It may not be as efficient. Things may not change instantly at the whim of man. But that’s the reason they set it… Read more »
Every so often I like to recommend a book. I’m about halfway through The Forgotten Man: A New History of the Great Depression by Amity Shlaes. Although I haven’t yet completed it, based on what I have read up to now, and on the numerous positive reviews of the book, I am confident I can recommend it without concerns that I will have to retract that recommendation by the time I have finished it. Some of you, I know, may… Read more »
After posting below on what I consider the phony outrage of congressmen this past week, I came across this essay from Mark Steyn, who is always a good read. If you haven’t had the opportunity to see it yet, I strongly encourage you to spend a few enlightening minutes with it. Steyn has the ability to make you think and laugh simultaneously—a trait that is most admirable.