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HomeSchweizer Exposes Washington’s ‘Mafia-Like Tactics’
Posted by Larry Doyle on October 26th, 2013 6:23 AM |
With this commentary, I welcome inducting Peter Schweizer of the Hoover Institution at Stanford University into the highest echelon of the Sense on Cents Hall of Fame.
If you do not think that the folks in Washington employ practices (e.g, shakedowns, protection money) commonly connected to those engaged in ‘organized activities’, then take the mere 5-minutes to view a recent Yahoo clip highlighted below with the acclaimed author of the recently published Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets.
Schweizer opines on a standard Washington practice directed at business owners and executives.
“If they don’t offer up campaign donations…lobbying contracts for friends or family members, bad things will happen to them so they feel compelled to give when they would rather just be focused on building their business.” (more…)
Breaking News: S&P Downgrades United States
Posted by Larry Doyle on August 5th, 2011 7:55 PM |
The Wall Street Journal is reporting that Standard & Poors has just downgraded the credit rating of the United States from a AAA rating.
This is a HUUUUGE story. What do I see as the implications?
1. Short term lending markets will get tighter and activity will likely decline as the quality of what had been the highest quality collateral, US Treasury debt, is now downgraded.
These short term lending markets, also known as the repo market, are the liquidity in our financial markets’ engine. As the liquidity lessens and the cost of doing business increases, overall activity in the markets will be negatively impacted.
2. Other entities which had owned and used US Treasury debt for collateral purposes will be negatively impacted by the higher costs of holding lower quality debt. Other entities which were closely aligned with the US Treasury, such as Freddie and Fannie, will also be negatively impacted in terms of higher borrowing costs. (more…)
My Thoughts on Wisconsin
Posted by Larry Doyle on March 4th, 2011 6:36 AM |
What is really going on in Wisconsin?
Are Wisconsin Governor Scott Walker and his Republican colleagues trying to ‘break the unions’?
Are the ‘Wisconsin 14’ senatorial contingent true patriots standing up for the rights of the working man?
Given the level of heated protest on the streets of Madison and on the airwaves throughout the nation, clearly people have strong opinions on both sides of this topic. What does it all mean? (more…)
Steve Walker Addresses Washington’s SOBs
Posted by Larry Doyle on January 19th, 2010 5:46 PM |
With the surge of Scott Brown in the MA Senate race, the Democrats are licking their wounds. The Republicans will likely parade in splendor. The fact is both political crowds are increasingly out of touch with America. Washington is much more the problem than the solution.
The Wall Street Journal provides insights on this burgeoning development in writing, Republican Rise. This title is actually a bit of a misnomer. While the Republicans may be benefiting from recent developments, the fact is America in general and independent voters specifically have cast a pox on both political houses. Who gets this? Steve Walker. Who is Steve Walker? Let’s revisit the WSJ article: (more…)
