Financial Reform Bill: Cui Bono

The real benefactors of this reform legislation are not the American people, nor is it America’s economy. The Latin phrase commonly means that those who will benefit are found among those who have something to gain, and the stated enemy, in this case Wall Street, is a scapegoat. So, cui bono: who benefits?

Happy Birthday President Reagan: God How I and America Miss You

My sons, 6 and 8 at the time of his passing, had no understanding of who Ronald Reagan was, or of what death meant, for that matter. But, they had never seen their father cry before that day. Those two boys, for reasons kept to themselves, sensed something quite powerful and historic must be afoot, and not at all good. They sat silently, one on either side of me, and watched President Reagan's funeral on television.

Disingenuous President Takes a Beating at the Polls in Massachusetts

Good Job Mr. President!  You Got Into Bed With Big Labor and Lost The Senate In The Process.  I can't wait to hear the all too expected excuses and explanations from leaders of the democratic party as they crank up the blame game. They'll blame Martha Coakley's campaign staff for running a lousy campaign. They'll … Continue reading Disingenuous President Takes a Beating at the Polls in Massachusetts

Obama’s New Punitive Bank Tax: Barney Frank Admits It Isn’t About TARP, They Just Need Somebody To Tax

  The numbers just don’t add up. The Obama administration wants to raise about $90 billion in the next 10 years from an annual fee on the nation’s 50 largest financial institutions. The stated reason: to recoup the cost of the financial sector bailout. Yet, TARP banks owe the government only about $60 billion of … Continue reading Obama’s New Punitive Bank Tax: Barney Frank Admits It Isn’t About TARP, They Just Need Somebody To Tax