Category archive: Subprime Crisis

Continued Government Intervention Keeps Home Prices from Recovering

By Chuck Roger • September 13th, 2011 12:00 am

By Chuck Rogér Zealous people with agendas to sell often get so focused on minutia that big-picture truths get passed over. The Paul Krugmans, Barack Obamas, and other government-spending Keynesian-minded “thinkers” overlook the obvious. In our current economic disaster, the most obvious points are the actual causes of the disaster—flawed Federal Reserve policy, an ideology-inspired subprime mortgage [...]

Dissecting progressive arrogance, Part IV

By Chuck Roger • July 12th, 2011 12:00 am

The Clear Thinking blog is on hiatus and will return with new posts on July 18, 2011. Meanwhile, please enjoy this re-post of the “Dissecting progressive arrogance” series. More “Dissecting Progressive Arrogance” I, II, III, V, VI, VII By Chuck Rogér Today we return to the well of progressive wisdom known as Clive Crook, Financial Times columnist. [...]

Economic nudism

By Chuck Roger • June 30th, 2011 12:00 am

The Clear Thinking blog is on hiatus and will return with new posts on July 18, 2011. Meanwhile, here’s an oldie originally posted July 1, 2009. By Chuck Rogér When the weather became unbearably cold, the leaders decided to ease the people’s pain by outlawing clothing. When the people grew hostile, the leaders led them to [...]

Obama’s shellacking sinks in; economic recovery gathers steam

By Chuck Roger • December 22nd, 2010 12:30 am

For 27 months, since September 2008, Americans and the world have lived in a state of trepidation or outright fear. The national and global economies sometimes teetered on collapse. Let’s all take a deep breath. It’s easy to become entranced with all the doomsaying by “experts.” If you insist, then by all means stop reading [...]

Dissecting progressive arrogance, Part IV

By Chuck Roger • October 28th, 2010 2:15 am

More “Dissecting Progressive Arrogance” I, II, III, V, VI, VII Today we return to the well of progressive wisdom known as Clive Crook, Financial Times columnist. In my October 18th post, I analyzed part of an article in which Crook flaunted his inability to understand why voters would reject what Obama and the Democrats are doing to [...]

Ivy League economic nonsense

By Chuck Roger • August 24th, 2010 3:14 am

The arrogant liberal intellect has a knack for putting on a show. Columbia University economist Joseph Stiglitz is a showman. I have dissected Stiglitz’s illogic once before, in an early 2009 column titled “Clowns behaving badly.” Presently, we treat the matter of Stiglitz’s recent proclamation in Financial Times that: The blame game continues over who [...]

Tell us the truth

By Chuck Roger • March 10th, 2010 4:22 am

Originally in American Thinker, March 8, 2010. In America, we are beginning to sense a nasty reality that President Obama must acknowledge: Our worst economic problems lie ahead, and fixing those problems is going to hurt — plenty. Our federal government now runs a con game that promises people a level of financial security impossible [...]

America, Greek style

By Chuck Roger • February 17th, 2010 3:54 am

Greece now owes more in loan repayments than the value of the country’s entire annual output. The Greeks have gone so hog-wild on socialistic entitlement spending that government debt owed to public lenders stands at 121 percent of 2010 gross domestic product. In America, the Obama administration’s projections show that our federal debt will exceed [...]

Longest recession ever–and progressive Democrats don’t care

By Chuck Roger • January 31st, 2010 10:24 pm

Shortly after the market crashes wrought by the subprime mortgage crisis, I wrote an article titled, “Integrity’s moment of truth,” which I opened with the following observations. Feel-good ideology has dealt us a mess. Regrettably, it would be hard to find more arrogant, self-serving, ineffective problem solvers than the herd currently grazing Capitol Hill. We [...]

Throwing bad money after bad money

By Chuck Roger • December 10th, 2009 2:10 am

Foolhardy lending — the beat goes on. Two Washington Post staff writers declare, “[Ginnie Mae] has provided taxpayer backing to at least 36 other mortgage companies with a history of reckless lending, fines or other sanctions by state and federal regulators or civil lawsuits, according to an analysis of government records, court documents and statistics [...]

Economic nudism

By Chuck Roger • July 1st, 2009 4:05 am

  When the weather became unbearably cold, the leaders decided to ease the people’s pain by outlawing clothing. When the people grew hostile, the leaders led them to a lifeless land and loaded them onto wooden rafts on a river of molten lava. The people warmed. At first amused—remember, they were naked—the people’s good humor evaporated [...]

Upheaval

By Chuck Roger • April 8th, 2009 4:21 am

Slender One prowls the cliff, venturing close to the edge and causing the top to crumble. And the people gasp in anticipation. But hope dissolves as the beast avoids the same fate experienced by the rocks crashing to the trail below. The screeching and strutting persist. “If only he would go away!” cry the people at [...]

Ghost in the economy

By Chuck Roger • February 25th, 2009 4:25 am

He was once unfamiliar with this kind of intimacy with nature. But over the past few years, the man has grown fond of wind tossing the wispy hair while his cheeks catch spray breaking over the bow of the boat. He drinks it all in, watches the orange cork plunge beneath the waves, and reels in [...]

The hog on the Hill

By Chuck Roger • October 8th, 2008 4:45 am

Loan agents herd home mortgage applicants into screenings of the latest Hollywood assault on traditional values. In exchange for an end to the torture, the applicants sign mortgages which they know they cannot afford. Nice try, liberals. But our economic meltdown’s main driving force is the “progressive” notion that everyone deserves a home mortgage. History [...]

Integrity’s moment of truth

By Chuck Roger • October 1st, 2008 4:47 am

Feel-good ideology has dealt us a mess. And sadly, it would be hard to find more arrogant, self-serving, ineffective problem solvers than the herd currently grazing Capitol Hill. Americans are witnessing historic dishonesty and unaccountability. The actions of politicians who created the subprime mortgage fiasco and of those trying to find solutions will determine whether history paints [...]