Hank Paulson

Hank Paulson, whose claim to fame in the public sector is panicking and browbeating the nation and its Washington politicians into accepting the Troubled Asset Relief Program in late September 2008, and who just two weeks later "put a (figurative) gun to the heads" of large-bank CEOs to "persuade" them to accept federal "investment" in their enterprises, has re-emerged to tell us, according to…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. In Part 1, I noted how Biden, who in August described Tea Party sympathizers as "terrorists" and in September as "barbarians," today spoke in complimentary terms of how…

There are at least two schools of thought in economics. One of them - Keynesian economics - suggests that consumption is the most important element and therefore spending is the way to restore a faltering economy. This is the theory that's been adopted by the spendthrift Obama administration and often the news media that have argued in favor of more government and personal spending. But according…

Can I have permission to utter the S-word ("socialism")? Ken Thomas's Associated Press report today (link is dynamic, subject to change, and will probably be gone in a week) on auto industry bailout ideas emanating from Washington includes these items, all of which expand soc- ... soc- ... socialism: Legislation proposed by Barney Frank involves the government taking ownership stakes in the…

For years NewsBusters and its affiliate the Business & Media Institute have agonized over the astounding economic ignorance of many press members who despite their lack of financial acumen have the gall to offer their unqualified opinions to the public.No finer example of a media member who should understand her limitations and keep her mouth shut during economic discussions was the Atlanta…