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POPSFaith in Free-Market Capitalism Is Being Rewarded The biggest source of economic stimulus is not the $800 billion Barack Obama spending package. It's the $4.6 trillion of capital gains thrown off by the stock market over the past three quarters. This is investment money, and it also enhances consumer spending. As a result, jobs are likely to start rising early in 2010. The other source of economic stimulus is the amount of money Michael Moore invests in Dominos Pizza and Krispy Kreme, only later to bemoan those same corporations in which he owns shares. Michael Moore-on's movie in which he capitalistically makes money off of gullible liberals’ hatred of capitalism? Seriously, not only did that movie bomb, but the hippo-like hypocrite became enchanted by the ideals of socialism when he took an economics class while coked out of his mind. Using socialism to help revive a failing economy is like putting angry weasels down your pants because you need some rest.
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POPSHot Air: Welcome to the Obama Administration’s “New Transparency” I’m sure it is … for analysts and Fannie and Freddie workers, but I’m not sure taxpayers should share that optimism. The report states the U.S. Treasury will receive preferred stock paying 10% dividends and warrants to acquire nearly 80% of the common shares in Fannie and Freddie. However, the Treasury has already loaned $60 billion to Fannie and $51 billion to Freddie. At this point, it’s hard to believe more money is the answer. Maybe the New York Times was right: Democrats plan to talk about deficit reduction in 2010 but not do anything about it for now. Or as President Obama puts it: “Mr. Obama calls it “a false choice” to pit spending to spur the economy against reducing the deficit. His advisers say the president, and American voters, favor both " spending to create jobs in the short term, and commitment to spending discipline and deficit reduction over the long term.”
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