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    Economics, Politics /

    Economic Foreign Policy?

    December 11, 2008

    One aspect of the current economic crisis getting attention in Washington, but more so in Chicago at Obama’s transition headquarters is its impact on foreign governments. The crisis, while it is huge here, has potentially even more grave consequences in other parts of the world. There are many Third World countries like Egypt whose governments […]

    Economics, Politics /

    Auto Bailout: Thursday Afternoon Edition

    December 11, 2008

    The bailout is going down in flames. There is not enough Republican support in the Senate to get the legislation through. This is the story so far: Auto Bailout Bill Appears Stalled in the Senate The Republicans have dug their heels in over this one and will not budge. Since the House voted yesterday and […]

    Economics /

    Federal Deficit at Record Pace

    December 10, 2008

    Given all the bailouts and stimulus checks being written it can be no surprise that the Federal Deficit hit an all time high for November coming in at a hefty $164.4 billion. Yes you read that correctly. Federal revenues fell a modest 4% approximately while outlays soared nearly 25%. At this pace we will reach […]

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