Jim Johnston on the Wall Street Bailout
Jim Johnston is policy advisor to and senior fellow for The Heartland Institute and a founding member of its Board of Directors. He retired in January 1993 from his position as senior economist at Amoco Corporation, whose Economics Department he joined in 1975. His primary responsibilities at Amoco included the economic analysis of public policy issues and the hedging of corporate risk.
Jim Johnston - October 01, 2009
The leaders of the world have declared war on speculation. The Obama administration’s Commodity Futures Trading Commission is considering position ... (read more)
Jim Johnston - August 10, 2009
July 24, 2009 was the 94th anniversary of the capsizing of the Eastland in the Chicago River. The short story in that day’s Tribune did a good job ... (read more)
Jim Johnston - August 10, 2009
Once upon a time, last fall to be exact, the credit markets seized up. In other times, like the early 1930s, this happened when the growth in the money ... (read more)
Jim Johnston - February 18, 2009
The U.S. economy is in a mess. The Dow Jones Industrial Average is down 40 percent from its peak in mid-2008. Unemployment in January 2009 was 7.6 percent, ... (read more)
Jim Johnston - November 14, 2008
It is becoming obvious that the bailout, or “rescue” as the government wants to call it, will not unfreeze the credit market. Anna Schwartz ... (read more)
Jim Johnston - November 14, 2008
On October 6, 2008 the Federal Reserve announced that it would begin to pay interest starting on October 9, 2008 on required and excess reserves that individual ... (read more)
Jim Johnston - November 12, 2008
1. Bail out the investment banks, commercial banks, insurance companies, Freddie Mac, Fannie Mae, General Motors, Chrysler, Ford Motor Company, with $700 ... (read more)
Jim Johnston - September 30, 2008
There is an interesting parallel between the sharp downturn in economic activity in 1937-38 and the current effort to bailout the finance industry. Government ... (read more)
Dan Miller - September 30, 2008
The national debate over how to address the crisis in the U.S. financial markets has created sharp divisions that cross political and philosophical lines. ... (read more)
Jim Johnston - September 24, 2008
Congress, the Treasury, the Securities and Exchange Commission, and the Federal Reserve are hell-bent to bail out the housing and financial industries and ... (read more)
WHAT'S NEW: Budget Brien Farley - November 03, 2009
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John Nothdurft - November 02, 2009
Illinois' alcohol tax increases, which the legislature pushed through to fund a $31 billion capital works plan, are beginning to have their troubling consequences. ... (read more)
Brien Farley - October 28, 2009
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John Nothdurft - October 24, 2009
After being rebuked by the public and the Legislature, Gov. Paterson is resurrecting his sugary drink "sin" tax proposal on the heels of Obama's ... (read more)
WHAT'S NEW: Taxes Brien Farley - November 03, 2009
0
false
18 pt
18 pt
0
0read more)
John Nothdurft - November 02, 2009
Illinois' alcohol tax increases, which the legislature pushed through to fund a $31 billion capital works plan, are beginning to have their troubling consequences. ... (read more)
Brien Farley - October 28, 2009
0
false
18 pt
18 pt
0
0read more)
John Nothdurft - October 24, 2009
After being rebuked by the public and the Legislature, Gov. Paterson is resurrecting his sugary drink "sin" tax proposal on the heels of Obama's ... (read more)
POLICYBOT: Budget POLICYBOT: Taxes |
