bailout

U.S Debt – how much is too much?

As policy makers bicker over the budget and increasing the debt ceiling let’s take a look at our nation’s financial condition. In recent years I have begun questioning how much debt is simply too much even for the U.S government… Are you familiar with the term normalcy bias? It is a mental state we often “enter when facing a disaster.” It “causes people to underestimate both the possibility of a disaster occurring and its possible effects,” causing most of us to be inadequately prepared. I suspect to a degree normalcy bias with the economy is at play in clenching this ‘faith based notion’ in the U.S. credit system all together.

May 22, 2011 ·

Politics

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U.S Budget Woes – Getting a grip on a hungry Beast

As the airways heat up over the budget debates with calls of cutting trillions and billions getting a mental grasps of the enormity of the problem can be challenging. Comprehending billions is difficult enough let alone trillions. I find it helpful putting this into context by thinking of it this way; it takes 1000 billion to make up a trillion. The annual spending budget deficit, which adds to the nation’s accumulating debt, is estimated to be $1.5 trillion for this year. That’s $1500 billion. The nation’s debt is currently $14.2 trillion. That’s $14,200 billion. This is before discussing interest on that debt.

April 18, 2011 ·

Politics

Market Watch article: “Tax Super rich now or face Revolution”

By Mitch Gurney April 1, 2011 It’s extremely rare for the corporate media to publish an article as candid as this one, Tax the Super Rich Now or face a Revolution a commentary by Paul B. Farrell and published by Market Watch, a division of the Wall Street Journal Digital Network owned by News Corp ... Read More »

April 3, 2011 ·

Politics

tax

Masters of Compromise – how things get done in DC, but sometimes the public gets shafted

For politicians compromise is often how things get done but sometimes their deals lead to the public getting shafted. This all depends of course on ones perspective on who wins and who loses. Compromising isn’t a bad thing and doesn’t always produce negative outcomes but sometimes in politics it does and a good case in point is the banking deregulation in 1998...

November 18, 2010 ·

Politics

FORD Is a Four Letter Word

FORD is a four Letter Word is yet another example of the globalization strategies among America’s multi-national corporations (MNC) that are making business decisions no longer rooted in country first. As the title indicates the article is about Ford’s global strategies and in April of 2009 I wrote an article about American auto companies Moving jobs south of the Border. I’d like to point out that while we are singling out Ford here their global manufacturing strategy is consistent with most American MNC’s.

November 4, 2010 ·

Politics

Understanding the Foreclosure Mess

If you are learning about this crisis for the first time, understanding what is actually broken here is very important. For those interested in gaining a better understanding of this situation I encourage reviewing a five part series of links that I highlight here that do an excellent job in explaining this crisis on a basic 101 level by giving a brief explanation that includes charts...

October 20, 2010 ·

Politics

The Foreclosure Crisis, No Big Deal Right? Think Again!

By most MSM accounts the foreclosure crisis is nothing more than robo-signing of potentially flawed foreclosure documents without reading them. But as some already realize there is much more to this story and it is far more complex than we are being told. Homeowners can only be foreclosed and evicted from their homes by the person or institution that actually has the loan paper, only the note-holder has legal standing to ask a court to foreclose and evict…

October 19, 2010 ·

Politics

As the Economy Worsens, A New America Is Emerging, Part 1

During the last year or two, I have watched America's "Corapacy" take out their losses out on the public rather than using tried and true methods that enhance profitability that have a propensity to stabilize the economy in general; Greed, a message that tells America that we "don't count" is now the standard rather than an aberration. Even if the economy is on the uptake, which I doubt, the unintended consequences of this assault on our economy are far from over. If you believe the economy is recovering, think again - it's only getting worse and the aftermath of this assault on America is another notch on the belt of America's ongoing class war.

May 16, 2009 ·

Politics

Free Trade Is A Misnomer; So-Called Protectionism Is A Matter of Self Survival

Opting to outsource our light and heavy manufacturing, from the very beginning was destined to destroy our economy and turn us into a "service-based" economy", which we now know has destroyed the "American Dream" for millions of our citizens and has effectively destroyed our Middle-class.

February 12, 2009 ·

Politics

President Obama, We Need A Short-term Solution – And Now!

Congress is attempting to build more FEMA Internment Camps under President Obama's watch - and the MSM is again ignoring news that has the potential to affect every American alive. As Americans watch in horror as the economy is nose-diving, it becomes obvious that our nation is desperately in need of a short-term solution, and a $500.00 stimulus check does not even come close to helping this nation stabilize our economy. At best, it's a band-aid on a gaping wound that requires major surgery. With all due respect President Obama, we need a solution that will halt this economic crisis dead in its tracks, and there is a way to accomplish that endeavor without pouring billions of dollars into the failed financial sector.

January 29, 2009 ·

Politics

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