Freddie Mac posts $5 billion loss – asking tax payers for another handout.

The new faces of day labor – U.S. citizens competing with immigrants for work.

Food Stamps Anyone? – Nearly half of all U.S. children and 90 percent of black youngsters will be on food stamps at some point.

The Government Will Default on Its Debts – The governments of every major nation are going to default on their debts. There are two relevant questions: (1) How? (2) When?

Death of the American Economic Dream – This crisis has been a long time in coming, and history suggests that the period of upheaval will be long and painful, just as it was between 1914 and 1945

New Stimulus Program: Cash for Golf Carts – We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama’s stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart.