Posts Tagged ‘politics’

Cash for Clunkers

The US government recently passed legislation to promote owners of older and fuel inefficient vehicles to trade in their cars for new fuel efficient models (USA Today Story). There are two immediate benefits of this bill. First, it stimulates the economy and props up the auto industry by incentivizing the sale of new cars. Second, […]

Main Street Greed

Today Obama reiterated his belief that banks are to blame for our current financial crisis. In my opinion, Main Street greed is just as much to blame as Wall Street greed. Let’s look at the sub-prime mortgage situation that pricked our housing bubble. Using a supply and demand framework, Americans demanded more expensive homes and […]