Economics

Houston drops idea to pay off personal debt

By Steve McGough | February 24, 2009 |

A proposal to hand out $3,000 to individuals who did not have  good enough credit score to qualify for mortgages has been crossed off the Houston city council agenda this week. The idea was to use the $3,000 to help individuals improve their credit score by a few points so they would qualify to buy…

Thomas Sowell On The Housing Crisis

By Jim Vicevich | February 24, 2009 |

Thomas Sowell is a very bright man with uncommon common sense. A guest on my show only once (he is very tough to nail down), a free market thinker he does a great job of tracing the root cause of the current financial crisis, an even if you are one to believe that “greedy bankers”…

12 American solutions for jobs and prosperity

By Steve McGough | February 23, 2009 |

Former House speaker Newt Gingrich, general chairman of American Solutions has released a formula for real hope and change, 12 American Solutions for Jobs and Prosperity. American Solutions is one of those small 527 organizations that does a very good job taking the lead in political education. They reach out to everyone, and claim to…

You were hoodwinked, bamboozled, duped

By Jim Vicevich | February 22, 2009 | Comments Off on You were hoodwinked, bamboozled, duped

Just in case you didn’t know … and that’s why Pennsylvania Governor Ed Rendell thinks we need a mortgage bailout program. Not because you may have gone into too much home (and you knew it), and used your house like a credit card (irresponsibly), or hoped that the home’s value would just keep increasing and…

Hey … $69 a month is coming your way

By Jim Vicevich | February 21, 2009 |

We do this as a public service and I respect the President enough not to cut it up. That actually would not be fair. But, stimulus? You decide. For some maybe, if you are in construction or work for the state … oh and green jobs. But along with a pile of debt your grand…

The Bankrupt Homeowner as the Prodigal Son

By Jim Vicevich | February 21, 2009 |

Ya know, I really hate it when media folk or politicians, who generally scorn religion in the public square, drag religion into the public square and then quote passages from the Bible out of context. Here’s Roger Simon from the Politico, taking a whack at Rick Santelli, and Republicans, for being, “Darwinistic”? Notice how he…

Stop The Porkapalooza

By Jim Vicevich | February 20, 2009 |

Congressman Louie Gohmert (R-TX) on Hannity last night pledged to stop the Porkapaloza dead in its tracks if the Republicans win back the House in 2010. But he went further, he also said he would give the money back to the people. httpv://www.youtube.com/watch?v=E5zioYUAj1s Congressman Gohmert has been a guest on the show before and proposed…

Send em to “fine print class” but no mortgage money – Update: Poll

By Jim Vicevich | February 19, 2009 |

Update: Take the CNBC poll too … will you join the Chicago Tea Party? The outrage over the Obama Housing Rescue Plan is starting to boil over … more. CNBC’s Rick Santelli garnered national attention this morning on the floor of the Chicago Merc over Obama’s plan to rescue predominately people who either bought too…

Stimulus More Dangerous After We Recover

By Jim Vicevich | February 19, 2009 |

Pat Toomey, with the Club For Growth, had some sobering words for Neil Cavuto last night. Not only does he believe that the current Prokapalooza can’t pull the economy from recession, but he believes as the nation recovers, as it always does, there will be those who believe that massive spending was in the fact…

Where is this money coming from? Why are we nationalizing banks again?

By Erik Blazynski | February 18, 2009 |

Where is the stimulus money coming from? Also why again do we need to nationalize the banks?