Tag Archives: Budget Cuts

European banks see debt threat in U.S. as well as at home

Posted on July 19th, 2011

  The deadlock in Washington over how to avoid a government default increasingly threatens to strike another blow to Europe’s ailing financial system because of the tremendous sum of Treasury bonds and other U.S. debt held by banks across the Atlantic. If the United States defaults and its top-notch credit rating is downgraded, European banks [...]

Posted in Bond Markets, Deficit Spending, Euro Zone, Greece, Overseas Markets, Solid Principles | Tagged as: , , , , , | Leave a comment

Mean streak: Obama is not as nice as he looks

Posted on April 18th, 2011

The Washinton Examiner Liberal Democrats were often befuddled by President Reagan’s “Teflon presidency.” By their lights, Reagan could commit the most heinous acts, but their criticisms were usually shrugged off by the American people, who judged him a “nice guy” who deserved the benefit of the doubt. President Obama has enjoyed something similar during his [...]

Posted in Barack Obama, Business, Deficit Spending, Democrats, Economy, Health Care, Paul Ryan, Solid Principles, Washington Examiner | Tagged as: , , , , , , | Leave a comment