Big government on president’s true agenda

Freedom New Mexico It is almost difficult to parody the incoherence of the Obama stimulus plan and administration statements about the state of the economy in the past couple of days: Although only 6 percent of the $787 billion stimulus package passed in January has been spent, it has done the trick nicely, and the […]

Editorial: Government bullied banks into TARP funds

A few smaller banks have begun to repay money loaned to them under the Troubled Assets Relief Program begun with $700 billion in October when the depth of the financial crisis became apparent, and the government decided some troubled financial institutions were “too big to fail.” But interestingly, repayment is not just a matter of […]

N.M. Senators applaud enactment of American Recovery and Reinvestment act

WASHINGTON – U.S. Senators Jeff Bingaman and Tom Udall today applauded news that President Obama had signed into law an economic recovery package that will send more than $1.6 billion to New Mexico. The American Recovery and Reinvestment Act will send $1.1 billion to the state through formula grants — funds that will flow on […]

Bingaman and Udall: N.M. set to receive $1.108 Billion to create jobs

U.S. Senators Jeff Bingaman and Tom Udall today said New Mexico will receive $1.108 billion from the American Recovery and Reinvestment Act to create 22,000 jobs throughout the state.

Legislators talk with business leaders

By Bob Quick: The Santa Fe New Mexican With a budget deficit of more than half a billion dollars looming over the state, there’s a need to “keep an eye on what’s happening” in Santa Fe during this legislative session, Lt. Gov. Diane Denish told a Tuesday morning gathering of business leaders from around New […]

Jan. 29 Letters to the Editor

Money wasted on big businesses Our government wants to spend $825 billion in taxpayers’ money to “jump start” our lagging economy. I could fill three pages of this paper with stuff I have learned recently about this “bailout, jump start, job creating” plan our Congress and President Obama are trying to force down our collective […]

Only productive people can create stimulus

Freedom New Mexico It has become increasingly clear that the presumed agent of fundamental change in the way Washington does business is firmly committed to the oldest tool in the Washington toolbox: the notion that government, using our money, can spend its way to widespread prosperity. Leave aside the fact that the tax rebate of […]

Administration acts according to own agenda

Freedom New Mexico Apparently a perverse understanding of the meaning of the season got to President Bush as Uncle Santa announced a $13.4 billion loan (and another $4 billion likely early next year) to U.S. automakers General Motors and Chrysler. Even as most Americans are cutting back on the amount of Christmas shopping they’re putting […]

Budget prey to wasteful spending

By Paul Gessing: Guest columnist New Mexico faces a $454 million budget shortfall. For just the third time in 20 years, revenue is expected to decline during the current budget year. Certainly, the ongoing financial crisis and subsequent rapid drop in oil and gas prices are at the heart of the issue, but the good […]

Major lessons to be learned in lending crisis

Freedom New Mexico In the wake of the initial failure of the proposed $700 billion bailout of the