True Cost of Bailouts: $14 Trillion

Treasury Secretary Tim Geithner

Although the cost of the Wall Street bailout is usually said to be around $700 billion, the real cost of economic recovery is at least 20 times larger according to a recent breakdown of ALL of the government recovery programs by Mother Jones Magazine.

The $700 billion bailout that people usually allude to is only the cost of the TARP program that was passed about a year ago and even then, the bill that contained the $700 billion for TARP cost $850 billion because of all of the earmarks inside the bill.

Here’s a look at other …continue reading

Yankees Trade Melky Cabrera for Javier Vazquez

Vazquez Back in Pin Stripes

The New York Yankees have completed a five-player trade with the Atlanta Braves that sends starting pitcher Javier Vazquez back to the New York Yankees and fan favorite outfielder Melky Cabrera to the Atlanta Braves.

In total, the New York Yankees gave up Cabrera and prospects Mike Dunn and Arodys Vizcaino (both pitchers) as well as $500,000.

The Braves sent Javier Vazquez along with reliever Boone Logan to the Yankees.

Vazquez was truly lights out for the Braves last year winning 15 games and striking out 238 batters while posting a 2.87 ERA and a 1.03 WHIP. In his one year on the Yankees, …continue reading

Senate Dems Water Down Bill, Buy Votes for Healthcare

Senate Majority Leader Harry Reid

As expected, Harry Reid and Senate Democrats managed to water down the healthcare reform bill enough to get the support of the party’s “moderate” wing while also buying all of the votes that they needed to stop a Republican filibuster.

While the healthcare lobby spent $600 million getting the bill to where the insurance companies want it to be, Harry Reid and the gang used taxpayer money to buy votes for a lousy bill. Here’s a look at just some of the earmarks included in the bill:

-$300 million in extra Medicare funding for Senator Mary Landrieu’s …continue reading

Jets Lose Heartbreaker, Playoff Hopes Waver

Jets Head Coach Rex Ryan

With just three games games left to go, the Falcons were going to be the Jets’ easiest opponent. Instead, Atlanta turned out to be the big spoiler that the Jets were afraid off.

Entering the game in a three-way tie with the Baltimore Ravens and Miami Dolphins for the second Wild Card slot, the Jets knew that they had to win this one because their following games would be against the undefeated Indianapolis Colts and the AFC North leading Cincinnati Bengals.

If the players were watching the scoreboard throughout the game, they also knew that the Dolphins, …continue reading

Rudy Not Running For Office, Endorses Lazio

Former Mayor Rudy Giuliani

It appears that the political gods are in fact merciful and Rudy Giuliani will in fact not run for office in 2010. On Tuesday, former New York mayor Rudy Giuliani announced that he will not run for governor or senator in 2010, putting an end to months of relentless rumors about his political future.

Giuliani had been riding the September 11 gravy train after his term as mayor of New York expired and was doing a good job of it as he continuously reminded us of the fact that he was mayor of New York when it was …continue reading