Blogcritics Author: Kenn Jacobine

Paulson: Liar or Misfit?

Kenn Jacobine — Sat, 15 Nov 2008 10:13:22 EST

What is Hank Paulson talking about?
Hank Paulson is a dirty rotten liar. In July, along with Fed chairman Bernanke, he assured Congress that Fannie Mae and Freddie Mac were not in danger of failing. His testimony before Congress was instrumental in getting Congress to approve Treasury Department and Federal Reserve proposals to make sweeping changes to the relationship between the...

Will Obama "Change" U.S. Foreign Policy?

Kenn Jacobine — Sun, 9 Nov 2008 02:02:32 EST

Are Obama's first two appointments indicative of an agent of change?
The national sham, better known as the 2008 U.S. Presidential Election, is behind us. 24 months and more than $2 billion later, Barack Obama is our new leader. He ran on a platform of "change". To be precise his campaign theme was "Change We Can Believe In". Clearly, after eight years of the Bush Administration this mantra appealed to many...

Potholes Ahead for Main Street

Kenn Jacobine — Sun, 2 Nov 2008 01:15:55 EDT

Washington is doing more harm than good.
Congress, the administration, and the Federal Reserve Chairman have repeatedly told us that they are working hard to fix the economy for the American people. They claim that every action they have taken has been done with the best interests of Main Street not Wall Street in mind. Whether their intentions can be believed is questionable. After...

Hoovernomics Revisited

Kenn Jacobine — Sat, 25 Oct 2008 13:39:07 EDT

Will history repeat itself with the current economic crisis?
Herbert Hoover is recognized as one of the worst presidents in American history. The historical depiction of his non-handling of the Great Depression is legendary. We have all been taught that he was a do-nothing executive who let the country’s economy fall apart at his feet. Further, if Franklin Roosevelt had not thumped him in the...

The Best Laid Plans of Mice and Governments Often Go Astray

Kenn Jacobine — Sun, 19 Oct 2008 12:01:16 EDT

Bush should follow the Constitution and stop screwing up the economy.
The founders of the United States were brilliant human beings who developed and left us a framework for existence that we continue to ignore to our detriment. The framework I am talking about, of course, is the Constitution. In the current economic crisis, the regime in D.C. is ignoring it by devising new ways to "stabilize" our economy, the...

Congress is a Rotten, Stinking Corpse

Kenn Jacobine — Sun, 12 Oct 2008 16:24:48 EDT

On November 4, vote the bums out!
At the end of August, Rasmussen Reports released data from a poll it conducted on the approval rating of Congress. The poll found that an incredibly anemic 9 percent of Americans surveyed felt that Congress was doing an excellent or fair job. You heard right – only 9 percent of Americans approve of the way Congress is doing its job! This...

Congress Has Sold Us Out to the Big Banks

Kenn Jacobine — Sun, 5 Oct 2008 19:34:45 EDT

In fact, the $700 billion bailout will only do harm to the middle class.
Ronald Reagan said, “Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”. Even before Bush’s Big Bank Bailout Bill was passed by Congress we were in the “subsidize it” phase of the cycle. We have...

A Call to Arms

Kenn Jacobine — Mon, 29 Sep 2008 02:52:58 EDT

America, we have reached the point of no return!
America, we have reached the point of no return! The government of the United States is about to embark on a course that will prove to be ruinous for our country. This morning, Congress is jubilantly announcing a tentative agreement on the Wall Street bailout plan. The plan, if approved this week by the full Congress and signed by the President,...

In Defense of Capitalism

Kenn Jacobine — Sat, 20 Sep 2008 22:53:33 EDT

Capitalism is not to blame for the current financial crisis.
The economy of the United States is not a pure capitalist system. We operate economically under what economists like to call a "mixed system". This is a system that combines elements of a market economy with elements of a planned economy. It is because of this mixed economic approach that Treasury Secretary Paulson and Federal Reserve Chairman...

Fascism in America

Kenn Jacobine — Sun, 14 Sep 2008 15:13:14 EDT

Folks, we have real problems in this country.
Folks, we have real problems in this country. You are probably thinking that I am going to talk about the endless wars we are fighting, the high incarceration rate of our citizenry or the economic collapse that is just around the corner. Instead of discussing these issues directly, I would like to address the underlying cause of these problems -...