October 2008

I've been enjoying hearing from all of you, both that agree and disagree with me.  Most of you disagree with me, and I'm glad you do.  You have made your opinions heard not only on my blog, but my Fox Business colleagues blogs also. We live in a credit driven economy.  Many businesses operate with small to large lines of credit.  We as consumers, business owners, and as a country have ... read more

Bill King and I do not agree.  He has been on the show with us two days in a row.  He believes Treasury Secretary Paulson and Ben Bernanke are offerring the disease (debt) as the cure.  He says it is nonsense that taxpayers will make money off this deal.  He says Hank and Ben are under the assumption that the buyers and sellers of these toxic assets will play fair when it comes time to buy and ... read more

Once again I find myself upset with Washington. They voted down a 700 billion dollar package (which I still believe was/is needed to unfreeze the credit market as I watch IBM and AT&T deal with CP problems this morning) and turned it into a piece of pork. They lost credibility on Monday by saying a deal was in place, when in fact it wasn't. Strong decisive action was needed, and Paulson's ... read more

Ron Paul will be joining us at 12 Eastern on Friday to discuss the new house vote.  Although details seem to change as quickly as a model at fashion show, I'm looking forward to seeing what his next prediction is about the Rescue Bill. When he we talked to him last week, he believed there would be a Great Depression.  If the House, and again, the timing is murky for Friday, does pass the ... read more

That pretty much sums up how Congress feels about the rescue package that was signed today by President Bush.  By now they are on planes heading home to face their constituents, and they are not happy about their situation.  Sure, they voted yes, and many changed their minds from their initial no, but now the work has to be done.  I plan to blog about the next move by the Treasury this ... read more