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Barack Obama is claiming credit for "saving" the economy from a full-blown depression based on passage of the stimulus plan.As with most Obama claims of success, Obama simply is exhibiting his prowess at using strawman arguments.Obama compares where the economy is now, versus where the...

The NY Times reports on whether the Treasury's "Pay Czar" will try to break the contract Citigroup has with a Phibro commodities trader, under which the trader is owed $100 million. There apparently is no dispute that absent the Treasury lending Citigroup money, and the...

Sarah Palin's announcement that she will resign as Governor of Alaska has kicked off a new round of attacks on Palin's intelligence and integrity from pundits on both sides of the political spectrum. For most of the commentators, the resignation signals an end to Palin's...

The financial crisis seems hard to understand. How did we go from a robust economy to "the worst economy since the Great Depression"? (h/t Barry O)There are 27 visualizations which make things easier to understand. I like this one in particular (click on picture to...

I think the British paper The Times of London has it right, in its article, "Barack Obama bets the farm in $4 trillion poker game."One of the most seductive elements of Barack Obama's ascent to the White House was his unshakeable conviction that he was...

Jim Cramer, the television investment personality, has been in the news recently since he criticized Barack Obama's economic plans as a destroyer of wealth. The petty White House reaction to Cramer has put Cramer on the White House enemies list, along with Rick Santelli and...

Will AP's cheerleading never stop? AP cheers the "audacity" of Obama's speech to Congress last night, while Marketwatch reports on the reality of Obama's massive plans for spending. ---------------------------------------------------UPDATE: Drudge Report gets it right:...

The beginning of a protest movement against Barack Obama's redistributive policies is underway. Though still small, every movement starts somewhere. While called the "Tea Party" after the Boston Tea Party, this movement is similar to movements throughout history where the producers of society refuse to...

Another Obama "I told you so," this time from Investor's Business Daily:Last Oct. 13 [2008], in trying to explain why the market had sold off 30% in six weeks, we acknowledged that the freeze-up of the financial system was a big concern. But we cited...

There's an old saying on Wall Street that a bear market has not bottomed out until the last bull capitulates. News flash. The last bull has capitulated. Me.I'm a true believer in capitalism and markets. There is no better measure of what an item is...

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