Matthew Vadum

Massive Inauguration Day Stock Drop

The Dow Jones Industrial Average suffered its worst Inauguration Day drop ever yesterday as Barack Obama was sworn in as president of the United States, Bloomberg reports.

Another Philanthropist Hedge Fund Manager Absconds?

There are reports that Arthur Nadel, a hedge fund manager and philanthropist, disappeared with up to $350 million of his clients’ money.

Green Nutter Says World Will End in 4 Years Unless Obama Acts

Although scientific data show the earth hasn’t warmed since the 1990s, Jim Hansen, America’s leading global warming alarmist after Al Gore, says incoming U.S. president Barack Obama has only four years to lead the world to climate salvation. According to a news report:

Pelosi Wants to Criminalize Policy Differences

A disturbing report came out from Bill Sammon of FoxNews. He reports that House Speaker Nancy Pelosi wants to prosecute Bush administration officials for war crimes. This is the kind of thing that goes on in banana republics after one regime leaves office. Sammon reports:

Nonprofit Bailout included in Stimulus Package

Left-of-center nonprofits are getting the bailout they wanted from the U.S. government, the Chronicle of Philanthropy reports. The news comes a month after Independent Sector president Diana Aviv demanded it.

Hypocrisy on Geithner

We keep hearing again and again and again from the media that Timothy Geithner, President-elect Obama’s choice as Treasury secretary, made an honest mistake in failing to pay employment taxes. The media keeps saying Geithner committed “goofs."

Energy Czarina Browner Belongs to the Socialist International

With all the accusations that have been hurled at President-elect Barack Obama that he is a political radical, it’s not surprising that he has tried to present a moderate image to the public. The PR campaign has been working to a large extent.

Right-to-Kill Lawyer in Schiavo Case to be Number 3 at DOJ

President-elect Barack Obama has nominated Thomas J. Perrelli to be associate attorney general, according to reports.

De-funder of the Left

By swindling clients out of up to $50 billion, hedge fund manager Bernard L. Madoff has hurt -- and in some cases fatally wounded -- scores of nonprofit groups and charitable foundations.

Another ACORN Ex-Worker Charged with Vote Fraud

Add another one to the ACORN elections crime file.

Terrorist Bill Ayers Now a HuffPo Columnist

Attempted mass murderer Bill Ayers is now a columnist at the Huffington Post. In his January 2 column he bloviated on cabinet picks he would have made.

Clinton Foundation Donor Helped by Senator Clinton

The New York Times reports that around the same time businessman Robert J. Congel made a hefty donation to the William J. Clinton Foundation, Senator Hillary Clinton (D-New York) helped Congel get millions of dollars in federal assistance for his business venture.

A Trillion Here, A Trillion There, Pretty Soon We’re Talking About Real Money

Five Democratic governors are determined to help President George W. Bush secure his legacy as the president who helped to destroy the U.S. economy in order to protect idiot real estate speculators.

Thomas Frank Wrong Again

Anti-capitalist zealot Thomas Frank’s latest column in the Wall Street Journal is pure drivel.

Church of England Invests in Al Gore’s Ponzi Scheme

Penny wise, pound foolish? In a breathtaking leap of faith, the Church of England has decided to gamble £150 million on global warming alarmist Al Gore’s sketchy investment firm, Generation Investment Management (GIM).

Obama Planning to Gut Union Disclosure System?

President-elect Obama’s choice of Rep. Hilda Solis (D-California), a champion of labor, as his labor secretary had led to outbreaks of ideological ecstasy among the Big Labor establishment.

NYT Hatchet Job on Bush

On domestic policy, George W. Bush has been a terrible president. He sold out to the left early and often and when called on it has been irritatingly self-righteous.

Bill Clinton Celebrates Impeachment with Document Dump

On the eve of the 10th anniversary of his impeachment as president of the United States, Bill Clinton has finally released the promised list of donors to the William J. Clinton Foundation, the Politico reports. Is there even the slightest possibility he released the documents today in order to drown out any news stories tomorrow about the anniversary?

Michael Gerson, Annoying Faux Conservative

I believe the very heart and soul of conservatism is libertarianism. I think conservatism is really a misnomer just as liberalism is a misnomer for the liberals–if we were back in the days of the Revolution, so-called conservatives today would be the Liberals and the liberals would be the Tories. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is. -Ronald Reagan

Another Fed Abuse

The Federal Reserve Board is refusing to disclose who it gave $2 trillion in emergency loans to, Bloomberg reports.