According to the IRS, just over 98,000 civilian federal employees are delinquent on their federal taxes (this number does not represent any who are on a repayment plan) as of September 2010. The grand total owed is over $1.03 Billion. … Continue reading →
As you know, one of the big economic fears is inflation. When public debt goes very high, inflation is very popular trick Democrats use to get Republicans elected President. Basically, you print up a whole bunch of dollar bills and … Continue reading →
Dr. J warned the Republicans that President Obama wouldn’t play fair. Today alone, ‘Turbotax’ Tim Geithner advocated that an agreement occur now so that it can ‘get done’ by August 2nd. In his speech to Women in Finance Investment he … Continue reading →
…you spend recklessly, outspending the amount of income you have? Generally, you have a big problem. Well, consider this. The first line shows that the closing balance today for the Federal Reserve is $14.159B and in the lower right you’ll … Continue reading →
For a second, the Czar got excited there when he spottted the headline “Obama Dispatches Geithner, Lew to Negotiate on Tax Cuts.” Ah, they mean the President ordered the two on a special assignment. See, when the Czar dispatches somebody, … Continue reading →
Presidential candidates have historically been lambasted for breaking major campaign promises, even if nuances are present. President Obama, as part of his campaign platform ruled out raising taxes on “the middle class”. His definition was that no new taxes would … Continue reading →
Optimistic signs of recovery abound. No doubt you have heard that some recipients of TARP funds have already begun paying the money back. This is very good news, because it shows the American business can heal itself, and the government … Continue reading →
Probably no one noticed it except the Czar, but CNN has a nice summary of everything that’s wrong with the Obama administration. The story discusses how the GOP is starting to turn the flame up on the Obama economic recovery … Continue reading →
In which the “Committee of Chrysler Non TARP Lenders” channels ‘Puter. It’s this pesky little “rule of law” thing that keeps coming up. At the risk of being trite, if Americans continue to stand idly by as the Obama Administration … Continue reading →
Chrysler is filing for bankruptcy, despite the best efforts of the federal government to bully creditors into submission to the Obama Administration’s thinly-veiled statism. Treasury’s boy wonder, Secretary Geithner managed to whip creditor banks that received TARP funds into submission, … Continue reading →
What’s the difference between a baby chicken and SoT Tim Geithner? More than you might at first think. The Czar of MuscovyБожію Поспѣшествующею Милостію Мы, Дима Грозный Императоръ и Самодержецъ Всероссiйскiй, цѣсарь Московскiй. The Czar was born in the steppes … Continue reading →
Respected economists agree with ‘Puter’s position on the bank bailout, as outlined here. That is, the market pricing offered by distressed asset purchasers is correct. It’s the selling banks that have their collective head in the sand. Oh, and by … Continue reading →
To the correspondent who emailed the Czar this evening… Yes, they do. You are correct. The Czar of MuscovyБожію Поспѣшествующею Милостію Мы, Дима Грозный Императоръ и Самодержецъ Всероссiйскiй, цѣсарь Московскiй. The Czar was born in the steppes of Russia in … Continue reading →
Treasury Secretary Timothy “OTJ” Geithner has decided that being in charge of the auto industry is not good enough, and now wants the government to act as the CEO of banks. That is, he admits that he “would consider forcing … Continue reading →
First, President Obama’s budget plan to deficit spend our way to prosperity ran into a bit of a problem today. The Brits couldn’t find buyers for its entire bond offering this morning. Then this afternoon, a Fed bond auction attracted … Continue reading →
Since Secretary Geithner’s doing such a bang-up job bringing us out of our current crisis, this seems like a good idea. That’s right, folks. The White House and Secretary Geithner want Congress to give them even more power to distort … Continue reading →
Treasury Secretary Geithner finally released his plan to deal with bad bank assets. You can (and should) read Secretary Geither’s executive summary of his plan in the Wall Street Journal here. After going on at length about what a bang-up … Continue reading →
