Oil Above $51 and Rising. Blame The Fed – Not “Big Oil”

The Federal Reserve announced yesterday that it was going to pump $1.2 Trillion dollars into the economy by purchasing long-term Treasury Bonds and mortgage securities. Oil prices, which had been hovering around $40 per barrel after bounding off its December 19th low of $32.40, have now increased about 60% from that low and over 20% [...]

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The Dangerous National Hissy-Fit

The President, Congress, and the Media are whipping up the American people into a National Hissy-Fit over AIG’s “bonuses”. Barney Frank wants their names, or he’ll subpoena AIG for them. Chucky-Cheese Schumer has promised to get the money back “one way or another.” The Media is running almost non-stop viewer statements of angry Americans who [...]

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Pelosi: Keep the Door Open for Stimulus II – The Sequel…

In a recent report by Fox news (link), House Speaker Nancy Pelosi commented that Congress needs to “Keep the Door Open” to yet another grab bag of ridiculous, mind-blowing spending. Apparently, Congress didn’t get everything it wanted out of your wallet, so they’re going to engage in that social taboo called “double dipping.” Mark Zandi, [...]

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