Public criticism of big businesses getting a bailout from the Paycheck Protection Program (PPP) is working as effectively as boycotts to prevent abuse that appears designed into the program by lobbyists. Presented as a way to save employees of small businesses, devastated by state and federal coronavirus lockdowns, the program doled out loans to only 19% of […]
Boeing is a prime example of bailouts going bonkers. It flew to the government’s fuel pumps fast like a jet plane to beg the government for relief on the basis that the airline industry was disproportionately hit by something no one could see coming.
It’s not hard to figure out how to end the rinse-and-repeat cycles of financial destruction that I described in “The Bailout Bonanza is Back! (Pt 2: Hedge Hogs Demand More!).” It’s just hard to do politically because the people who are getting bailed out run the system.
![Zombie economists bring on US 2016 recession. (Photo by Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons)](https://thegreatrecession.info/blog/wp-content/uploads/Zombie-Epocalypse-Brains-Needed-100x150.jpg)
Dems will process you like a Cuisinart. Demonizing Democrats and reviling Republicans is as easy as shooting fish in a gun barrel. Democrats are so addicted to process, they can’t get anything done because they spend twenty years arguing about what to do, rather than doing it. That’s why they have caucuses, instead of primaries. […]
I spend much time criticizing the outlandish economic foolishness I see throughout the global economy and especially in the US economy (because the US economy is the one I am familiar with as a direct participant). Those who criticize need to be able to offer solutions. I have real, sustainable economic recovery ideas, but I […]
The Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, high yield bonds and other risky assets in spite of nagging investor concerns about slowing global economic growth….. The quandary for the Fed is that easy monetary policy seems more effective in spurring asset values than it does in boosting […]
In my last article, I argued that Socialism is “The Price Capitalism Pays When Greed Goes Unrestrained.” Unrestrained and highly rewarded greed in the US is fueling a revolution by conservatives and liberals with liberals stampeding toward Socialism as their answer under the auspices of Alexandria Ocasio-Cortez (AOC), Bernie Sanders and Elizabeth Warren. That fire […]
The triumph of Donald Trump as the champion of a revolution against the status quo assures huge economic changes in the coming year, which I’ll list below. His victory struck a shocking upset to the globalists who have steered the last sixty or more years of world history, as I reported in an earlier story about George Soros mourning […]
![By Guy Sie (Flickr: Seven Deadly Sins - Greed) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Greed-150x106.jpg)
It’s a good question to ask on the day after Christmas, when we have all used our credit cards to buy gifts for others. In spite of this seasonal gift buying, I think there has never been a more selfish generation. (Regular readers of this blog are excepted because you wouldn’t be reading this contrarian blog if you were […]
It should be coming clear that economic recovery has evaded us. If you’re not seeing that just yet, your illusion of recovery will dissolve quickly this fall, just as I’ve said it would. Nothing the Federal Reserve has done has created recovery because it was never possible that such simplistic stimulus — made to appear […]
My economic vision for a sustainable economic recovery is easy to understand, easy to believe in and almost impossible to enact politically. I’ve laid it out in bullet points throughout the article below: Banks that failed would be allowed to fail, so the bad stuff dies and decays back into the fetid earth, and the evil and greedy are […]
How can Republicans still believe a capital gains tax increase will hurt investment and jobs when the world’s most successful, multi-billionaire, investment advisor begs to differ? Republicans may stand on the right side of the aisle, but they certainly do not stand on the right side of the argument when it comes to ending the […]
The Business Editor of The Daily Telegraph must be dining on the food of the gods to be so high about recovery from the Great Recession, but he’s also eating with his feet and making quite a mess in his analysis, which speaks against any evolutionary development in his thirty years. According to The Telegraph, […]
Anyone can criticize while having no better ideas. In fact, I would argue that, if you cannot put forward reasonable alternatives, you might not be qualified to criticize those who are, at least, trying something. In that spirit, I want to scope out a new economic recovery program vastly different from the economic plan the U.S. adopted […]
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