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economy

CNN Takes The Tea Party Express

September 13, 2011

I remember listening last week to Fox radio while driving in my car. The topic at the time was how weak President Obama was for changing the date of his speech to a Joint Session from Wednesday evening, where it conflicted with NBC's GOP candidates debate, to Thursday evening where Obama's speech would be just [...]

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GOP Searchs For New Hostage

September 9, 2011

Nothing surprising in President Obama's speech to a joint session of Congress last evening. It was a good speech, presenting a sensible and balanced medium range economic stimulus program for the nation. More importantly, Obama's speech was delivered with spirit and intensity. Obama's "America Jobs Act" would cost approximately $450 billion and would include an [...]

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Jobs Talk

September 2, 2011

It's been obvious for a long time that our national economic problem is being exacerbated by lack of demand for goods and services. This lack of demand is not because of lack of confidence. It is because of lack of jobs. Obviously, when working Americans lose their jobs, they lose a good deal of their [...]

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Not All Tax Relief Created Equal

August 22, 2011

1 On the 8th day, god cut taxes. 2 And god looked at the taxes he had cut and saw that they were good. 3 And it came to pass that there were some who complained to god that one specific payroll tax cut was not all that good. 4 "Why do you complain of [...]

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You Don't Say

August 15, 2011

Watching True Grit from outdoor video projector a few weeks back at family members lakehouse. Picture was taken with Droid X Motorola cell phone, no flash.____________ The Reverend, June 20, 2011… No matter how often you hear the Serious and the Professionals go on and on about how essential it is right now to cut, [...]

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Obama, The Tea Partier

August 11, 2011

I am convinced now that Barack Obama's only real goal as president is to satisfy the movers and shakers of Wall Street. I suppose in the modern American era, that's the primary goal of all elected presidents. Wall Street and multi-nationals pay for the presidential campaigns, and so all modern presidents find themselves beholding to [...]

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Working Out As Planned

August 9, 2011

Don't you just love it when a well thought out plan comes together? That's how members of the Republican Party have been feeling lately. Good about themselves. It's the way Tony Soprano and his cohorts felt after killing an enemy or hijacking a tractor-trailer full of plasma teevees. Satisfied with their performances. Take House Speaker [...]

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Standard-To-Poor

August 6, 2011

The role of ratings agencies in the mortgage meltdown…. The Financial Crisis Inquiry Commission reported in January 2011 that: "The three credit rating agencies were key enablers of the financial meltdown. The mortgage-related securities at the heart of the crisis could not have been marketed and sold without their seal of approval. Investors relied on [...]

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Those Jobs Must Be Around Here Somewhere

August 3, 2011

In the end, as Glenn Greenwald points out, President Obama got the plan he was looking for all along. Obama may have wanted to address more revenues through "reforming" tax code loopholes….but he didn't fight very hard for that. No, Obama wanted a "big" package of spending cuts. In addition, Obama put Social Security and [...]

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Agreeing To End The Economic Recovery

August 1, 2011

It appears as if our born-again, bipartisan debt and deficit hawks have reached an agreement to end the fragile economic recovery. It took weeks and weeks of theatrical playacting to arrive at a consensus….but by god, officials from both parties have now agreed to starve the federal beast just enough for our teetering economy to [...]

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