Rising displeasure with the Troubled Assets Relief Program was apparent this week when the U.S. House voted 270 to 155 not to spend the second round of TARP money, even though representatives knew the vote was symbolic and wouldn't stop the $350 billion from being spent. ...more

January 24, 2009

Like anyone who pays attention to business and financial news, I am in a state of high economic anxiety. Like everyone of good will, I hoped that President Barack Obama's Inaugural Address would offer some reassurance, that it would suggest that the new administration has this thing covered. ...more

January 24, 2009

The U.S. government of the people has become the government of the political elite. ...more

January 23, 2009

For the first time since the Great Depression, General Motors cannot call itself the world's largest automaker. Its sales fell behind Toyota in 2008, a year when GM celebrated its 100th anniversary and narrowly avoided a bankruptcy filing amid a significant downturn in the economy. ...more

January 22, 2009

Japan's Toyota Motor Corp. sold more cars and trucks last year than General Motors Corp., stripping the Detroit automaker of the No. 1 global sales crown. But it's a victory made hollow by the overall industry's continued struggle for viability amid one of its worst sales declines ever. ...more

January 21, 2009

Last September, after meeting with Federal Reserve Board Chairman Ben Bernacke and Treasury Secretary Henry Paulson concerning the "need" for the $700 billion bailout, President Bush reportedly remarked to a White House aide, "I am not going to be another Herbert Hoover." ...more

January 21, 2009

Stepping into history, Barack Hussein Obama grasped the reins of power as America's first black president on Tuesday, saying the nation must choose "hope over fear, unity of purpose over conflict and discord" to overcome the worst economic crisis since the Great Depression. ...more

January 20, 2009

The slender man with the odd name, the charismatic senator with the soaring rhetoric, will make history Tuesday. ...more

January 18, 2009

and admitted mistakes, too. ...more

January 13, 2009

"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible. If nothing is done, this recession could linger for years." ...more

January 12, 2009