By Bill Wilson — The global financial elite have finally taken off their masks and just flat out told the world that the solution to Europe’s debt woes is too simply turn on the European Central Bank’s (ECB) printing press to refinance the debts of Greece, Italy, […]

By Bill Wilson — Obama’s Labor Department report on the unemployment rate no longer passes the smell test as an accurate indicator of economic activity.  The fact that the rate dropped almost half a percentage point to 8.6 in spite of the fact that the economy created […]

By Bill Wilson — Markets were awash with irrational exuberance on Nov. 30 upon an announcement by the Federal Reserve and other central banks to lower interest rates for “temporary U.S. dollar liquidity swap arrangements”.  Particularly, this will lower the cost of dollars in Europe, which is thought will help with any potential liquidity shortfalls there. Whether that will work or not […]

By Bill Wilson — Eric Holder’s Nixonian levels of paranoia penetrating the upper reaches of the Justice Department notwithstanding, there is indeed a growing chorus of elected officials calling for the Attorney General to step down — and with good cause. One Border Patrol agent and at least 300 Mexicans are dead because of the Justice Department’s operation to funnel guns […]

By Bill Wilson — It is not frequent that the retirement of a member of the House of Representatives would warrant any form of comment in these pages.  But, then, Barney Frank was no ordinary Representative. From 2007 until the end of 2010, Frank was the chairman […]

By Bill Wilson — Earlier Monday, Nov. 28, White House Press Secretary Jay Carney assured the American people that the U.S. was nowhere near bailing out European banks that had bet poorly on the sovereign debts of Greece, Portugal, Italy, and other bankrupt nations. “We do not […]

UPDATE: Bill Wilson responds to Mr. Ponnuru : The gentleman doth protest too much, methinks. Fact: Ponnuru states the following in the lead two paragraphs in his Bloomberg piece, “Republicans quickly reached a consensus about why they lost so badly: They had failed to be sufficiently Republican. This consensus still moves […]

By Bill Wilson — On Nov. 14, Defense Secretary Leon Panetta in a letter to Senators John McCain and Lindsay Graham threatened to gut the nation’s defenses under the guise of enforcing the sequestration provisions of the Budget Control Act of 2011 . “Absent Congressional approval, current law does not provide flexibility.  It dictates sequester cuts must be applied in […]

By Bill Wilson —  Markets were all giddy on Nov. 18 because of a new proposal by the International Monetary Fund (IMF), reported by Dow Jones , that would call on the ECB to get around the Lisbon Treaty’s Article 123 prohibition on purchases of government debt by lending the money to the IMF first. Then, […]

By Bill Wilson — Anti-tax increase advocates were alarmed on Nov. 2 when 40 House Republicans signed a letter indicating they were open to new revenues as part of a package expected from the so-called congressional Supercommittee. “To succeed, all options for mandatory and discretionary spending and revenues must be on the table,” the letter stated. Members who signed the letter have said what […]