“Cash For Clunkers” Extends Auto Bail Out

A relatively minor program captured the headlines over this past week end and promises to continue to arouse partisan political passion through this week until the final disposition of the ” cash for clunkers ” program is determined.  The White House is very much in favor of continuing the program which has burned through the initial one [...]

Read Full Post »

Obama Administration “Strong Arming”: To Enhance UAW Position

We are fascinated by the alleged strong arm tactics the Obama administration allegedly introduced into their negotiations with senior debt holders of the Chrysler Corporation. A representative of the administration, car czar Steve Rattner, allegedly threatened an official representing Chrysler creditors. As reported on Fox news, Thomas Lauria, an attorney at White & Case, one of [...]

Read Full Post »

Obama and UAW 1 Corporate America 0

Barack Obama, his administration and the Democrat party were celebrating the numerous events of the first 100 days of the Obama administration this past week, while a long suferring remnant of America’s former industrial dominance was rushed into a chapter eleven bankruptcy from which it may or may not emerge. The decision by Chrysler to seek [...]

Read Full Post »

Barack Obama And Our Aspirations

If one listens closely you can hear the trees falling in the dense, dark economic forest that we as a nation, are currently wandering aimlessly through, as we search for a path that will lead us to the light of economic recovery. We have arrived at our current location on our national economic journey as [...]

Read Full Post »

HO HO No Santa Claus Rally

A year in which many investors have had frigid returns well below zero is not warming up as we approach the finish line in a historical year in the markets, in which volatility was one of the few constants. The long awaited Santa Claus rally in the stock market appears to be in a deep freeze [...]

Read Full Post »

Oil Falls While Auto Bail Out Crawls

The price of a barrel of crude oil fell below $37 today. Despite the OPEC decision on Wednesday to further reduce oil output by 2.2 million barrels per day, oil has tumbled to a level not seen in nearly 5 years. It was only a few short months ago, that speculators triggered a run on the [...]

Read Full Post »