‘Committee to Save the World’ Fails Twice! It was 10 years ago this month that Time magazine gave us the Committee to Save the World:

Everything is happening just as we thought it would. Stocks are rising. And people think they see better times coming.

If you want a real look at what’s headed this way, ask Hideko Toyotomi.

The economy is now staring eyeball-to-eyeball with an activist U.S. government. It will legislate, reform, supervise, bully, give out money like cotton candy and get concessions in return.

President Barack Obama’s $825 billion stimulus plan heads to the floor of the House of Representatives this week, with House Minority Leader John A. Boehner, R-Ohio, saying many in his party will vote against the package unless significant changes are made.

The dismal U.S. unemployment numbers have gotten more airtime recently than Jerry Springer. And why not? The numbers are mind-numbing.

U.S. Treasury Secretary-nominee Timothy Geithner told the Senate Finance Committee yesterday (Wednesday) that drastic measures are needed to combat the U.S. recession and promised to overhaul the beleaguered $700 billion Troubled Assets Relief Program (TARP).

December’s larger than expected jump in non-farm payrolls is predictably being touted as evidence of a more vibrant U.S. economy.