Economics

The Cramer Critic Continues

By Jim Vicevich | March 10, 2009 |

Jim Cramer spent some time last night wondering why he’s being attacked for his criticism of Obama’s economic team and policies. The stock market’s in a meltdown … hurting retirements, college savings, capital for business. Stop fiddling and put out the fire. Cramer deals with the criticism first … Obama and the economy second. Stay…

Shades of J. Wellington Wimpy

By Dave in EH | March 9, 2009 |

Perhaps I am showing my age… or just the spoiled fodder of a mis-spent youth, but Obama’s budget director Peter Orszag is starting to remind me of Wimpy, the hamburger-mooching ne’er-do-well out of the old Popeye cartoons, he who would “surely pay you Tuesday for a hamburger today.”  With Orszag, the promise is “We will…

Chutzpah!!

By Dave in EH | March 6, 2009 |

Barney Frank now says he wants criminal charges laid against “the people who caused the country’s financial meltdown.” I’m guessing that Barney gets his shaves in a barber shop… he certainly doesn’t look much at the man in the mirror. From CNBC… Earlier in the day, Frank, who is chairman of the U.S. House Financial…

Getting heat on global warming

By Dave in EH | March 5, 2009 |

Rarely does an ombudsman column rate blogging.  This one, by Andrew Alexander of the Washington Post, does. The short form: “Will’s Feb. 15 column, headlined “Dark Green Doomsayers,” ridiculed “eco-pessimists” and cited a string of “predicted planetary calamities” that Will said have never come to pass. A key paragraph, aimed at those who believe in…

Big Three? Maybe not …

By Dave in EH | March 5, 2009 | Comments Off on Big Three? Maybe not …

Today, the external auditors for General Motors expressed their concerns over the viability of one of the three US car-makers: “Auditors for General Motors today said there is “substantial doubt” that the struggling automaker will remain financially viable and able to continue operating, raising doubts about whether the company will have to declare bankruptcy or…

The only sales the Obama administration are stimulating…

By Dave in EH | March 4, 2009 |

… are at the gun store. Talk of a possible ban on assault weapons has dealers and buyers scrambling. A few days after Attorney General Eric Holder mentioned that the Obama administration would like to make some gun-related changes, including reinstituting a ban on the sale of certain types of assault weapons, local gun dealers…

Garden Variety Depression?

By Jim Vicevich | March 4, 2009 |

It is a classic exchange cut down for your viewing pleasure. Matt Lauer on the March 3 Today Show has guests Jim Cramer and Erin Burnett on to explain the market crash. Lauer tries to put a good spin on it but Cramer places the blame on the current administration for not implementing policies that…

They’re Drunk Or They’re Idiots

By Jim Vicevich | March 4, 2009 |

The stock market crash is starting to get the attention of the mainstream media … even if not the Obama administration.

Backlash!

By Jim Vicevich | March 3, 2009 |

John Hinderaker has spotted a trend and we think it’s a long time coming. Financial firms and businesses, even one’s in trouble, but especially those that are not, are quickly discovering that government funds come with strings, and the rules can change (and often do) in the middle of the game.  Bank of America CEO…

You say tomato … I say …

By Jim Vicevich | February 26, 2009 |

My mom used to sing that song … now the Democrats are singing it too. Tonight’s Neil Cavuto moment comes with West Virginia Democrat Congressman Nick Rahall.