On: 10/23/2008 11:50:14 In: Economy ALG Editor’s Note: As noted by the following featured news story , which was published over 9 years ago, the seeds for the subprime mortgage failure were sowed when Fannie Mae, the government sponsored enterprise, made the decision to lessen lending standards at the behest of the Clinton administration. […]

On: 10/23/2008 10:41:52 In: Monetary Policy ALG Editor’s Note: Not all parts of the financial sector are pushing for a big bailout, as noted by the following featured letter from Branch Banking & Trust, Co. :

On: 10/22/2008 15:38:47 In: Stop ACORN! “Why do you look at the speck of sawdust in your brother’s eye and pay no attention to the plank in your own eye?”—Matthew 7:3 For ACORN, it’s all about the sawdust. The Association of Community Organizations for Reform Now (ACORN) […]

On: 10/22/2008 15:02:28 In: Energy Crisis, Global Warming Fraud, and the Environment In a much ballyhooed 236-189 vote , the House of Representatives passed its drill-nothing legislation, which, amongst other evils, permanently seals off the first 50 miles off the coast of the U.S. from any drilling. At all. On balance, the House, and Congress for that matter, is […]

On: 10/22/2008 14:16:33 In: Term Limits The New York Times has declared that term limits for elected officials are on the defensive all across the United States. It seems the “Old Gray Lady” might need to replace her spectacles because she’s obviously not seeing clearly. Yesterday’s article, […]

On: 10/22/2008 11:56:18 In: Hard Left By Carter Clews There’s this thing called “The Darwin Award.” It’s given to sheer idiots who manage to shoot themselves in the foot (usually fatally) in a manner so embarrassing that they’re usually better off dead. One such award recently went […]

On: 10/22/2008 09:43:30 In: Energy Crisis, Global Warming Fraud, and the Environment “Democratic leaders know that [their] counterproductive proposals will not become law. Yet they seem ready to push this legislation as a way to block offshore drilling while appearing to be in favor of it. They need to stop standing in the […]

On: 10/21/2008 21:48:36 In: Monetary Policy “We are at a Smithian moment, in which the temptation for the Fed to spend its last dime of credibility may prove irresistible. Investors are already being taxed by inflation and can rationally expect that tax rate (the inflation rate) to […]

On: 10/21/2008 21:05:43 In: Barack Obama Consider the following impromptu hypothetical:

On: 10/21/2008 19:53:40 In: Big Labor It appears that even in New York State there are limits to the reach of Big Labor. New York Governor David Paterson recently vetoed some 34 bills, many of which cater to the special interests of public employee unions at the […]