• by dlhitzeman

    This afternoon, the House of Representatives will vote again on a revised version of the Wall Street bailout bill they defeated Friday. I don’t know about you, but I hate having to do the same work twice.
    There has been a lot of talk recently in Washington and around the country about lipstick and pigs, a [...]

  • by dlhitzeman

    If one only judged by the media frenzy, one might conclude that the world ended sometime this afternoon when 228 brave representatives listened to their constituents and their own consciences and voted against the Emergency Economic Stabilization Act, better known as the Wall Street bailout. Instead, while the economy is rough and times are tough for some people, we are all still here and without a $700 billion dollar debt against our futures. [...]

  • by dlhitzeman

    I grant that I am not an economist, but it seems to me that, with the combination of the projected federal budget, the current federal deficit, and the proposed Wall Street bailout plan, the federal government will control more than 25 percent of the gross domestic product if the bailout plan passes. More correctly, the federal government will split that control with foreign governments who own a substantial share of our government’s debt. [...]


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