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Democrats Blame Bush for Everything – PROVE IT

By Steve McGough / March 7, 2008 / Comments Off on Democrats Blame Bush for Everything – PROVE IT

I’m calling out all Democrats and liberals. Prove it. Prove that President Bush did this, and it resulted in that. I’m talking a clear case of cause and effect. Jobs, housing, oil prices, gas prices, global warming… Pick your poison and give it a shot. Reuters just posted a story, Democrats Slam Bush on Gloomy…

The growing government hand – looking back

By Steve McGough / October 26, 2008 /

M. Jay Wells at American Thinker has put together a time line wrapping together – year by year – how the mortgage crisis happened. It’s a long post, but worth your time this Sunday morning. The piece outlines choices made by our elected leaders – and influence by organizations like ACORN – going back to…

Governement Promotes Subprime Loans – Gets Caught

By Steve McGough / April 3, 2008 / Comments Off on Governement Promotes Subprime Loans – Gets Caught

There is quite a bit of blame going on concerning the so-called subprime loan crisis. Depending on who you speak with, it’s either the predatory lenders that took advantage of people, or it was the people who signed the contract that clearly stated they were buying into an adjustable rate mortgage, but just didn’t care.…

How does a 4.5% mortgage sound to you?

By Steve McGough / December 4, 2008 / Comments Off on How does a 4.5% mortgage sound to you?

As I walked through the living room just now, I heard talk of a 4.5 percent fixed rate mortgage on Fox News. Financial industry lobbyists are knocking on Hank Paulson’s door at the Treasury Department with a plan in hand to lower interest rates to help “stabilize” the housing market. Will everyone be able to…

Rahm Emanuel tied to Freddie Mac – nothing to see here

By Steve McGough / November 7, 2008 / Comments Off on Rahm Emanuel tied to Freddie Mac – nothing to see here

Just who is Obama’s new chief of staff? I’ve been a bit behind this week in reading due to other commitments, but this afternoon was when I first heard about Obama’s pick. Guess who served on the board of Freddie Mac in 2000 and 2001?

Walter Williams writes – Lessons from the bailout

By Steve McGough / October 8, 2008 /

Williams has another good column out this week, and it quickly sums up – for those of you who missed it – how this economic crisis started back in 1977 with the Community Reinvestment Act. Walter’s point gets right to the root of the problem. Even though McCain and Obama want to lay the blame…

Your local bank is in fine shape, thank you

By Steve McGough / October 6, 2008 /

Earlier today, Chris Dodd – senator from Connecticut and Senate Banking Committee chairman – stopped by the Sheraton Hotel at Bradley Airport to meet with Connecticut business and labor leaders. He hoped the market would react positively to the federal government taking over a good chunk of the U.S. housing market. As of noon ET,…

Williams helps us understand the Constitution

By Steve McGough / September 17, 2008 / Comments Off on Williams helps us understand the Constitution

Always a good read, Walter Williams’ column this week is right on message for our audience. This week he reminds readers that Congress – primarily the people’s house – runs the government including generating tax revenue and determining spending allocations. As the media and many politicians completely ignore the founding documents, over time they become…

Summer of recovery – July existing home sales at 15-year low

By Steve McGough / August 24, 2010 /

Ouch. Although some analysts suggested July home sales would drop around 12 percent, the figures just in from the National Association of Realtors indicate July existing home sales numbers dropped more than 27 percent.

Connecticut governor asks banks to help small businesses

By Steve McGough / October 9, 2008 / Comments Off on Connecticut governor asks banks to help small businesses

Is this not how all of this economic strife started? Connecticut’s Republican governor, M. Jodi Rell, wants local community banks to contribute $1 million each into a lending pool that will provide loans to small business.