Uncle Sam the Loan Shark

I must admit - I’m totally dumbfounded and stunned today by the article I read in the Wall Street Journal entitled, “The Paulson Plan will make Money,” by Andy Kessler. Essentially, Kessler’s argument is that somehow in all of this mess, the money spent in the proposed financial intervention plan before Congress will actually result in a windfall to the taxpayer in potentially trillions of dollars. This argument is fundamentally flawed - for it if were true, there would be no investment/financial services crisis to force the government’s hand.

PETA: Ben and Jerry’s new flavor - Wacky Taffy Titty?

(Washington, D.C. : Right Commentary): I am never ceased to be amazed by some of the lefty organizations and what they come up with in terms of “solutions” to problems that don’t exist. The group PETA, People for the Ethical Treatment of Animals, sent a letter to Ben Cohen and Jerry Greenfield, cofounders of Ben [...]

Reform, not Rescue… Buy in, not Bail Out.

This is a restructuring, not a rescue. It’s a buy in, not a bailout. Congress and the White House need to realize that this effort’s main goal is the stabilization of the financial markets and the recapitalization of the financial system. It is not the time to take the taxpayer’s money and give it to Wall Street. It is not the time to take the taxpayer’s money and give it to homeowners who can’t pay their mortgages. We’re taking the taxpayers money and correcting an error we should have corrected over five years ago - making the markets more transparent and ensuring that people who benefit from risky deals also assume the downside to those deals when they go bad.

Del Monte today discusses the Financial Crisis on BlogTalk Radio with “The Hill Chronicles”

Today I did a one-hour discussion with Layla Gonzales (the host) at “The Hill Chronicles” on Blog Talk Radio about the financial crisis. I’ve embedded it into this post for those who may be interested. Next week, I’ll be discussing politics.

Possibly Related Posts:

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World Leaders panic while Washington [...]

By Joe Biden’s standards - I’m a Yankee Doodle Boy…

(Washington, D.C.; Right Commentary): Last Thursday, Democratic vice presidential candidate Joe Biden said that paying more of your income in taxes is the patriotic thing to do. Well Joe, if that’s the case, then I’m a “Yankee Doodle Boy,” because I pay an incredible amount of my hard earned cash in taxes. Chances are - [...]