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Archive for the ‘Economics’ Category

Financial Crisis: What Should You Do?

Friday, September 19th, 2008

It's no longer an open discussion-we are in the midst of the worst financial storm since the Great Depression. And it's not even close to being over, despite the exuberance on Wall Street following the announcement of a federal bail-out for the flimsy mortgage market and other financial institutions. Make ...

Financial Meltdown: Math & The Myth Of Fiscal Responsibility

Friday, September 19th, 2008

While the details haven't been disclosed, it appears that the powers that be are considering a plan to bail out Wall Street...in a big way...on the backs of the American taxpayer. Troubling as this sounds, it may be the only viable solution. Regardless of the eventual solution, one thing is ...

Uber Cynicism: Wall Street Meltdown - Where’s George W. Bush?

Wednesday, September 17th, 2008

Today, Chris Matthews is pushing an important meme in light of the ongoing financial meltdown. While Americans watch a free-fall that has resulted in a near double digit percentage drop in the stock market, Matthews is asking, "Where is George Bush and why hasn't he addressed the American people?" At first ...

Achilles’ Heel and Those Damn Chickens

Wednesday, September 17th, 2008

Yesterday was wait and see time. For the jocks of the financial world, it's fourth and one with less than a minute to go. AIG is the Patriots, and unlike in the NFL, cheaters might not prosper. I think it might be helpful to understand what is actually happening with AIG. ...

John McSame- “I’m always for less regulation.”

Wednesday, September 17th, 2008

As John McSame does another giant flip-flop on who he wants you to think he is, it's helpful to remember that as a politician, John McSame often describes himself as "the greatest deregulator" ever interviewed. Why, it was just a few months ago, in March 2008, that McSame said this in ...

Selling our soul to the Devil…

Wednesday, September 17th, 2008

That is what the Fed is doing this morning. Selling more of our debt to foreign nations in order to bail out AIG. We are bailing out INVESTORS and stock holders...people who took a chance on making big bucks or going broke. They went broke. Yet, our government sees nothing wrong ...

Barack Obama On The Economy: The Sharp Contrast Of Now

Tuesday, September 16th, 2008

If you're still uncertain as to the reasons to support Barack Obama, you must watch the following video of a speech he delivered earlier today in Golden, Colorado. Obama offers perhaps the best explanation of the differences between the economic philosophy of the GOP and his vision for the future. ...

No Golden Parachute for Fannie and Freddie exec’s

Tuesday, September 16th, 2008

This per The Legal Times: The Federal Housing Finance Agency-the regulator that now controls Fannie Mae and Freddie Mac-announced yesterday that it would block millions in exit pay to the companies' departing chief executives. The "golden parachute" packages could have totaled as much as $24 million, and they have drawn fire ...

Fired HP CEO Says She’s More Qualified Than McCain Or Palin?

Tuesday, September 16th, 2008

It was bound to happen. After weeks of carefully calculated spin, the McCain campaign's web of incongruous rhetoric is beginning to unravel. In less than 48 hours, the straight talk express has run itself into a ditch, and the rubber that no longer meets the road is wearing perilously thin ...

Do the republicans still want to privatize social security?

Tuesday, September 16th, 2008

Privatizing social security was one of the corner stones of the Bush administration. ~Weren't these guys supposed to be the folk that would handle all of our retirement accounts? The Dow took a huge shit yesterday on the weekend news that more financial institutions were taking their last breaths. Over four ...

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