“The math isn’t that complicated,” White House Deputy Communications Director Jen Psaki claims . She was speaking of the Obama Administration’s plan to convert the federal government’s preferred stock in American International Group, Inc. (AIG) into 1.653 billion common shares . The government currently owns about 80 percent of AIG because of the 2008-09 taxpayer multi-billion-dollar bailouts of the insurance giant, but the White House expects it will get all of the […]

The Bretton Woods monetary system, which was established after World War II and solidified the U.S. dollar’s place as the world’s reserve currency, is collapsing before our eyes. That’s too bad, because that status may be one of the last assets the American people have […]

By Kevin Mooney – On the surface, it is very easy for readers to sympathize with financially stressed families that may be evicted from their homes. But emotional appeals should not serve as a substitute for reporting on the economic consequences of government intervention that […]

By Kevin Mooney — Younger workers who are concentrated in fast food restaurants and coffee shops could find themselves out of work in a few months, if union organization efforts continue to catch on nationally. Several Starbucks locations have already succumbed to the demands set […]

The total taxpayer tab for the government bailout of Fannie Mae and Freddie Mac could total $363 billion under a worst-case scenario , according to the Federal Housing Finance Agency (FHFA). That scenario assumes further declines in housing prices, which many analysts are already predicting. It could even be worse than that, however. Right now, the Government Sponsored Enterprises (GSEs) that helped […]

By Kevin Mooney — Various free market organizations have expressed concern over the very real possibility that Democrats could force through damaging legislation during the “lame-duck” session after the election. However, Seton Motley, editor-in-chief, of StopNetRegulation.org , has offered up a compelling proposal that Tea Party […]

Another week, another government bailout. In light of a 50 state joint investigation into the alleged improper filing of foreclosure claims by financial institutions, several Capitol Hill lawmakers are now calling for a national moratorium on the entire foreclosure process. Those include embattled Representatives Alan […]

By Kevin Mooney — While speaking at a National Press Club (NPC) luncheon in September, Sen. John Cornyn (R-Texas) predicted his party would win the U.S. Senate race in West Virginia in an upset and not without good cause. The Real Clear Politics average has Joe Manchin, the state’s […]

Can the U.S. pay off the national debt without printing more money? By mid-August, 2011, the Federal Reserve will hold over $1 trillion of the $13.6 trillion U.S. national debt, making it the largest holder in the entire world, greater than Japan or China . Right now it holds over $821 billion worth of treasuries , roughly equal […]