The Colorado Independent

Posts Tagged Economy/Finance

AIG execs whined for tax-paid bonuses, saw persecution as ‘McCarthyite’

By | 03.04.10 | 2:30 pm

The grasping AIG Financial Division execs who brought the firm to its knees and helped send the global economy spiraling only to receive federal rescue handouts to the tune of $180 billion in loans, stock investments and other commitments…

GOP deficit crusade opposed by fiscal hawks

By | 03.04.10 | 9:08 am

WASHINGTON– Sen. Jim Bunning’s (R-Ky.) recent one-man stand against legislation extending unemployment benefits offered a high-profile airing of a popular GOP message: Deficit spending, in almost any form, will cause more harm than good to a fragile economy. Standing in the way of the Republicans’ reasoning, however, has been another formidable group: budget experts.

Bunning’s unemployment benefits blockade now a conservative rallying cry

By | 03.03.10 | 9:07 am

WASHINGTON– Sen. Jim Bunning’s (R-Ky.) blockade on extending temporarily unemployment benefits put the Tea Party movement in an unfamiliar position. Instead of nudging the Republican Party to take a stand, activists watched a politician pick an anti-government fight they didn’t even know existed.

Wall Street Journal: Make like a bank and just walk away from debt

By | 03.02.10 | 6:30 am

Of all the interesting tidbits in Brett Arends’ article in The Wall Street Journal about how to decide whether to walk away from your mortgage, his admission that the middle class is the only part of America adhering…

Democrats demand relief for still-volatile housing market

By | 02.26.10 | 9:51 am

WASHINGTON– One year after the Obama administration launched its $75 billion anti-foreclosure program, the housing market remains volatile, loan modifications have been scant, foreclosures are still sky-high — and more and more lawmakers are wondering why the White House hasn’t been more aggressive in tackling the crisis.

On stimulus spending, some state GOP officials split with national figures

By | 02.23.10 | 8:25 am

WASHINGTON– To hear Republicans in Congress tell it, the Grand Old Party is pretty much united against the deficit-spending approach to economic recovery. Don’t tell that to local GOP officials.

Faced with the most severe budget crises in decades, state and local policymakers from across the country — including a growing list of prominent Republicans — have been only too happy to accept the additional federal funding that accompanied last year’s $787 billion stimulus bill. Not only did that money prop up job markets, many say, but it kept social-service programs running strong during a period of greatest need. They don’t see stimulus spending as indebting the future. They see it as an investment in the future.

Bennet’s public option supporters mystified by Udall’s ‘weird’ silence

By | 02.22.10 | 3:58 pm

A trio of groups that has been rallying support for the public option health insurance plan is puzzled over the fact the Colorado Democratic Senator Mark Udall has not come out as a supporter of the plan. Udall’s silence on…

McInnis steps up, says he doesn’t support state anti-tax initiatives

By | 02.22.10 | 12:14 pm

Long silent on the subject of three Colorado tax-slashing ballot initiatives, Republican candidate for governor Scott McInnis reportedly told attendees at the state’s Contractors Association convention at the beginning of the month that in fact he did not support the initiatives, which have been popular with Tea Party activists in the state. McInnis agreed with Gov. Bill Ritter, Denver mayor and Democratic gubernatorial candidate John Hickenlooper and other lawmakers, including GOP legislative leaders, that the initiatives would destroy the state government’s ability to function.

Schwarzenegger calls out GOP stimulus hypocrisy

By | 02.22.10 | 8:32 am

Here’s a profound idea from California GOP Gov. Arnold Schwarzenegger, who went after congressional Republicans yesterday for criticizing the Democrats’ stimulus bill one moment, then taking credit for the money the legislation is providing their districts the next.

A libertarian complaint at national conservative conference

By | 02.19.10 | 10:06 am

As the Conservative Political Action Conference chugs on in Washington, Wes Benedict, executive director of the Libertarian Party, issued this statement reminding the world that the GOP has no moral claim to small government or fiscal…