Free market to the rescue in the mortgage mess

A new firm set up by former executives of Countrywide Mortgage has started to make possible exactly what the government was hoping would happen in this mortgage fiasco: take over “toxic debts” and make money for themselves and the government.
But because Countrywide played a role in creating the mortgage mess in the first place, so-called [...]

Obama hypocritically embraces “trickle-down” economics

It’s now official. After decades of trying to deny the fact that fiscally healthy and profitable corporations create jobs and sustainable economic growth, the Democrats have finally embraced the so-called “trickle-down” effect. The only problem is that they recognize it only when they themselves are directly controlling the spending, and the fates of the companies [...]