GM Logo on BuildingITEM: The New York Times for October 31 reported: "As the Treasury Department prepares a $40 billion program to help delinquent homeowners avoid foreclosure, it confronts a difficult challenge: not making the plan too tempting."

Summit on Financial MarketsThe much-ballyhooed international economic summit in Washington is over, and, according to news reports, little was accomplished aside from agreement on various vague goals by the delegations from 21 nations and four international organizations in attendance. There were no flashy resolutions and no dramatic makeover of the global financial system — yet.

Peter SchiffFor years, the so-called economic experts — Ivy League economists, Federal Reserve chairmen, Treasury Secretaries, and media financial analysts — have been selling a bull market. Buy, buy, buy; spend, spend, spend; borrow, borrow, borrow. But the running of the bulls on Wall Street has now turned bloodier and uglier than the annual carnage on the streets of Pamplona.

President Bush and Henry PaulsonThe $700 billion bank bailout plan will use taxpayer money to purchase troubled assets. How does this stack up against the limited federal powers granted by the Constitution?

obamaIf the language in his first post-election press conference is any indication, Senator Barack Obama will be true to his profligate campaign promises. He pledged in that November 7 press conference a variety of vague new government initiatives that would appear to require massive new federal spending.