Almost no one can top the insane proclamations of Bill Gross, a certified nut who runs Pacific Investment Management Co (PIMCO) and consistently partners with government in order to assist with the design of government planning schemes that enrich Wall Street firms and guys like him who pull all the levers behind the black curtain. [...]

He rescued us. “Today, we’re pointed in the right direction,” Obama said in brief remarks in the Rose Garden hours after the report was released. “While we’ve rescued our economy from catastrophe, we’ve also begun to build a new foundation for growth.” Even so, Obama said: “We have a lot further to go. As far [...]

This morning I reported that the government’s ‘Cash for Clunkers’ program ran out of cash, meaning that people had to keep their clunkers and give up the cash. Congress just voted to refill the ‘Cash for Clunkers’ trough. The Wall Street Journal just reported: The House voted 316-109 to approve the transfer of $2 billion [...]

Welcome to Federal Government Micromanagement of the Economy 101. NoThe government’s joke-of-a-program, the “Cash for Clunkers” scam, is over already. Why? The tank ran dry. The so-called “Cash for Clunkers” program will be suspended because the funds set aside for the effort are on the verge of running out, Capitol Hill sources told CNBC. Transportation [...]