Tag Archives | financial crisis
Foreclosure photo 2009 by Basic Gov

Who Really Caused the Crisis?

It’s the question that just won’t go away. You’d think it would be settled now, but it hasn’t been, mainly because of politics.

Democrats believe the financial crisis was caused mainly by a deregulated Wall Street run amok, and some … More…

President George H.W. Bush

Who Were the Real Fraud Busters?

Faced with a banking crisis and an epidemic of white-collar crime, the president convened a special meeting of 88 top prosecutors and declared war on fraud, as The Los Angeles Times reported:

“We will not rest until the cheats


President Obama and Australian Prime Minister Gillard

A Bold New Move to Contain China


G8 Leaders Canada 2010

It’s a Crisis in Leadership, Too

When the financial crisis hit in 2008, the world’s leaders and central bankers acted decisively. They saved the financial system, pumped liquidity into the markets, and used Keynesian policies to jump start economies on life support.

They were bold and … More…

A politician giving a speech

The Speech About Jobs No Politician Would Make

This is a mythical speech about the economy by a mythical politician. Any relation to real political figures is purely coincidental.… More…

President Sarkozy and Chancellor Merkel

Politicians Have Wrecked the Markets

On Friday, July 22nd, the Standard & Poor… More…

Gov. Mitt Romney

Republicans Jump the Gun on Jobs

As President Obama prepares to unveil his latest plan to revive the ailing economy, some of his Republican opponents have preempted him with jobs plans of their own.

Former Gov. Mitt Romney is the latest, with a slick, 159-page plan More…

The New York Stock Exchange

The Markets’ No Confidence Vote

The Dow Jones Industrial Average fell nearly 635 points Monday, following Standard & Poor… More…

Where Liberals Failed

“To those who charge that liberalism has been tried and found wanting, I answer that the failure is not in the idea but in the course of recent history”—former Sen. George McGovern, (defeated) Democratic presidential candidate, 1972.

Liberalism has two … More…

Where Conservatives Failed

“The [Bush] aide said that guys like me were 'in what we call the reality-based community,’ which he defined as people who ‘believe that solutions emerge from your judicious study of discernible reality.’

“‘That's not the way the world really More…