So, the US has had its credit downgraded. Nevermind the fact that this is the same agency that previously rated securities back by sub-prime mortgages as low risk. Of course, the tea party tools are bending over backwards to make this Obama’s fault. The whole debt ceiling crisis that was manufactured by the tools revealed… [Read more…]
April 20, 2010
Being the next goal of the administration, the republicans have predictably come out accusing the democrats of creating a partisan bill and for supporting endless bailouts. There was a problem… the finance reform bill does not contain said language. Upon further review, it is clear that the republicans are just parroting notes provided by Frank… [Read more…]
March 30, 2010
I have a sure-fire way to end this recession for once and for all. It is so simple that I wish I had thought of it earlier. First, round-up anybody that unemployed or facing bankrupcy and send them to Las Vegas. Next, give them zero or near zero percent loans with which to gamble. The… [Read more…]
January 14, 2010
Indeed, after fees are subtracted, inflation is accounted for and taxes are paid, many investors in C.D.’s, government bonds and savings and money market accounts are losing money. Banks should be doing more to encourage people to use their services. The money that get deposited can be used to make loans to others. After all… [Read more…]
January 4, 2010
Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong. Ethics? What is that? It is the glue that holds our economy together. Without it people cannot trust that obligations will… [Read more…]
December 31, 2009
GMAC, one of the corporations responsible for the financial meltdown, is getting another infusion of taxpayer cash. So, how much longer are we going to continue funding these crooks? How much am I going to lose due to inflation or due to increased taxes? I am sure in hell not going to see any benefit… [Read more…]
December 23, 2009
About this time last year, I attended a conference where judge Payne, who is the head of DCS, addressed a conference for foster parents. In his speech, he said how important and vital they were in the lives of children who have been taken from their families. So, this year how does he and governor… [Read more…]
December 17, 2009
Bernanke is Time’s man of the year. When faced with a severe financial crisis, he did what all good Fed heads do. He fired up the printing presses and pumped money into the banks that were too big to fail. Coincidentally, they are the same banks that caused the problem in the first place. Looking… [Read more…]
December 14, 2009
Recently the EPA just declared that it is going to begin regulating carbon emissions. “Coincidentally,” this announcement came the same week that the global warming cultists are meeting in Denmark. It is expected for Mr. Change to travel to Denmark give our tithe to them (money which could have been used to get out of… [Read more…]
December 11, 2009
With the economy being as it is, one would think that getting people back to work would be high on Washington’s priority list. Sadly, it is not. Instead, they have chosen to save Wall Street’s assets, escalate the war in Afghanistan, and to reform health care. While health care reform is nice, it does nothing… [Read more…]
December 7, 2009
I am having a hard time understanding something. One of the metrics that economists are using to determine if the recession is ending is the thawing of the credit market. I have to wonder if that is such a good metric. One of the things that led to this mess was an overabundance of credit.… [Read more…]
August 8, 2011
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