Getting a rebate for a gas guzzler might be good for the vehicle's owner, but it's turning out to be terrible for some charities. The rebate program, officially titled Car Allowance Rebate System or CARS, kicked off on July 24 and was originally scheduled to run through Nov. 1 or whene ... Read ... Read more

From ABC's This Week , George Stephanopoulos interviews Vice President Joe Biden: STEPHANOPOULOS: While we've been here, some pretty grim job numbers back at home -- 9.5 percent unemployment in June, the worst numbers in 26 years. How do you explain that? ... Read the full post ... Read more

From David Leonhardt at the NY Times: A Forecast With Hope Built In In the weeks just before President Obama took office, his economic advisers made a mistake. They got a little carried away with hope. ... Without the stimulus, they saw the unemployment rate — then 7.2 percent — rising above ... Read more

The full Senate Tuesday approved its economic stimulus package. Now a House-Senate conference committee will have to come up with a melded version that can then be OK'ed, once again, by both legislative bodies before going to Obama for his signature. But one former IRS attorney says there' ... ... Read more

What I am about to say may not be very politically correct.  It may even sound heartless.  The "Stimulus" Package (or as some like to refer to it, the "We're All Socialists Now" Act of 2009) includes a hefty increase in unemployment benefits.  It increases weekly ... Read more

From CNBC: BofA CEO Lewis: Bank Will Not Need More TARP Funds Bank of America won't need any more bailout money from the government and hopes to pay back the $45 billion it's already received within three years, CEO Ken Lewis told CNBC. ... Lewis also dismissed speculation of a possible government ... Read more

Over at VoiceofSanDiego.org I've put up a two-parter explaining why I believe a protracted period of deflation is an exceedingly unlikely outcome. No Deflationary Spiral Forthcoming, Part 1 No Deflationary Spiral Forthcoming, Part 2: Counterpoints (These articles comprise a very slig ... ... Read more

Federal Reserve Chairman Ben S. Bernanke is once again calling for an economic stimulus package to help deliver America from the credit crunch. Bernanke is an idiot. And so is almost everyone in Congress right now. I know we all like to play this game once in awhile, but let's preten ... Read more