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U.S. Senate Panel Reaches Agreement on Anti-US Dollar Measure

Posted by thenewpundit

U.S. Senate Panel Reaches Agreement on Anti-Foreclosure Measure
The U.S. Senate Banking Committee tentatively agreed on an anti-foreclosure measure that would have Fannie Mae and Freddie Mac foot part of the bill for a federal program to insure mortgages for struggling borrowers.
In other words, LET THE BAILOUTS BEGIN!!!
Your tax dollars will now be used to guarantee […]

The Distributional Impact of Windfall Profits Taxes and a Gas Tax Holiday

Posted by thenewpundit

This is from the Tax Foundation
There has been considerable debate in recent weeks over what the federal government should do about the higher price of gasoline. Each of the three presidential candidates has put forth a proposal. Barack Obama would impose a windfall profits tax on U.S. oil companies based upon the price per barrel […]

Iraq War Journalist Weighs in on US Housing Issues

Posted by thenewpundit

Matt Sanchez went from the war in Iraq to the war here in South Florida. I had to take a second look, mostly because this isn’t far from where I live now.
Florida Falling
In Florida, in certain regions, the “value” of some homes have fallen as much as 50%. Last, week, I went house hunting […]

Candidate of Change Won’t Change Oil Companies

Posted by thenewpundit

What Obama doesn’t know about oil, and what he thinks we don’t know, will hurt everyone.
Obama answered questions regarding McCain’s proposed gas tax holiday in Indiana on Saturday. From FoxNews:
“This is one of John McCain’s latest schemes,” Obama said, saying it would save drivers only $25. “That’s the federal highway fund that we use […]

Can The Rest Of The Country Learn From Maryland’s Pain?

Posted by Troy Stouffer

Maryland’s Governor Martin O’Malley had no sooner received the phone call from former Governor Robert Ehrlich in November of 2006, when he began his quest to raise the tax burden on the residents of the Old Line State. His rationale for the increases was the “looming” structural deficits. He claimed that even though the state […]