obama stimulsThe price tag for the incoming Obama administration's proposed stimulus bill continues to rise. This morning, a few hours in advance of a planned announcement, the Associated Press, which managed to obtain an advance copy of the latest version of the stimulus bill drawn up by House Democrats, gave the newest figure for the stimulus as $825 billion, up $50 billion from Obama's earlier proposal.

obama stimulu splanAccording Barack Obama's presidential transition team, the new stimulus plan being prepared by the upcoming Obama administration can be expected to create between 3.3 million and 4.1 million jobs. This according to the Washington Times, which also pointed out that "the president-elect wants [the plan] to total slightly less than $800 billion but ... some Democratic leaders say [it] should near $1 trillion."

Bailout moneyThe recent decision by the federal government to bail out GMAC, the financing arm of General Motors, encouraged the illusion that the federal government has decided to "rescue" the U.S. automobile industry, saving many thousands of jobs and sparing America untold economic pain in the process. But the truth of the matter is less encouraging.

Pile of Hundred Dollar BillsThe Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history.

Federal Chairman Bernanke at PodiumFederal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression.