Archive for the ‘Economy’ Category

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“Sequestration or Secession?”

by jim_worth Posted: Monday, 2/25/2013

Is sequestration a fête accompli?

It’s looking more like it everyday.

We’re facing yet another incomprehensible battle in Congress, another unnecessary deadline which could have grave consequences for the nation and the global economy.

Despite being firmly established in a previous economic battle, sequestration — automatic cuts to the budget, half military and half discretionary — has become a political hot potato with both sides pointing fingers fearful of holding the proverbial spud when the music ends on March One!

So, what’s to fear from sequestration?

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Posted in Economy, On Survcast, Politics, Rebalancing America | No Comments »

“A Political Deficit”

by jim_worth Posted: Monday, 2/4/2013

The fiscal situation is not the only deficit infecting this country.

Congress’s approval rating is a shocking ten percent. It’s lowest approval rating since they began keeping track in 1974 and, given the current political climate, there doesn’t appear to be any chance for improvement in the near future.

The reason for this low approval can be traced to the very sources of the problem and in order to fix it we must first expose what and who caused it to fall below the approval of Communism and Used Car Salesmen.

On issue after issue, as Yogi Berra so aptly put it, “It’s déja vu all over again.”

Is this low approval rating deserved?

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Posted in Deficit, Politics, UnAmerican | No Comments »

“Twisting In the Wind”

by jim_worth Posted: Thursday, 1/10/2013

This article has been posted on The Huffington Post. To read it there click on the link.

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Congress avoided going over the proverbial ‘Fiscal Cliff.’

Republicans, universally incapable of compromise, caved in the wee hours of the morning to prevent us from potential economic damage to the economy and the recovery.

As a result, taxes were raised on income over $400 thousand, unemployment insurance was extended, and the Alternative Minimum Tax was put to rest forever. These moves all help continue the slow growth and keeps us on a path to possible recovery.

Significant? Yes! But is it sufficient?

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Posted in Economy, HuffPost Articles, Politics | No Comments »

“The Silent Minority”

by jim_worth Posted: Wednesday, 12/12/2012

It’s what the Republicans don’t say that’s disturbing.

As we move toward a ‘fiscal cliff,’ Republicans continue their rhetoric; rhetoric that makes no sense given the existing situation, recent election, and prevailing consensus.

Republicans are loquacious when using talking points — most of them lies or misinformation — but are evasive when asked specifics or their ‘real’ positions. They’re equally tight-lipped about the damage they caused while in a position of leadership.

Haven’t Democrats caused all the problems?

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Posted in Economy, Politics, Rebalancing America, Taxes | No Comments »

“The Fiscal Rift”

by jim_worth Posted: Friday, 11/30/2012

This article has been posted on Huffington Post. To read it at Huff Post click on the link.

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We’re back on the edge of a fiscal cliff and the battle rages on!

The two parties are again pressed to address fiscal compromise, facing a deadline to prevent several potentially damaging things from happening in an already fragile economy — and the rhetoric is flying.

Though many pols give the impression, in their cautiously worded statements, they believe the parties can come together to avoid the financial impasse that would cause damage to the economy and recovery. They’re reluctant to play their hands for fear of exposing an irretrievable vulnerability.

Who’s going to win this fiscal battle?

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Posted in Economy, HuffPost Articles, Politics, Rebalancing America, Taxes | No Comments »

“It Was the Economy, Stupid”

by jim_worth Posted: Friday, 11/16/2012

This article was posted on Huffington Post. To read it on Huff Post click on the link.

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Obama won a second term with an impressive victory!

Apparently he was able to overcome a bad economy, high unemployment, an incredibly inept foreign policy, a declining stock market, high taxes, failing banks, and the exploitation of small business.

He also overcame being a socialist, commie, marxist, born in Kenya, a Muslim warring against christianity, who associates with terrorists and refuses to show his college transcripts.

So, how did Obama get 332 electoral votes with such a horrendous record?

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Posted in Economy, Election 2012, HuffPost Articles, Obama, Politics | No Comments »

“Paul Ryan: A Gift to Democrats”

by jim_worth Posted: Wednesday, 8/22/2012

This article has been posted on The Huffington Post on August 27.

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Ryan is Romney’s choice for his 2012 running mate.

Just over a week ago Republican Presidential hopeful, Mitt Romney, selected, Representative Paul Ryan, from Wisconsin’s 1st District to be his Vice President.

The selection was a surprise to many on both the right and the left. Most had narrowed the field down to Senator Rob Portman or the ex-Governor from Minnesota, Tim Pawlenty.

Was the professed deficit hawk a good choice?

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Posted in Economy, HuffPost Articles, Politics, Romney2012, Taxes | 1 Comment »

“Georgia’s Banks Continue To Fail”

by jim_worth Posted: Sunday, 7/22/2012

Unbelievably, two more banks fail in Georgia!

On Friday, five more banks failed and were taken over bringing the year’s total to 38 closures by the FDIC.

The five closed last Friday brought July’s total to seven equalling June’s total. This is only the second time in 2012 that five banks were seized in a single week.

But the big news was the loss of two more Georgia banks, the seventh and eighth this year and the 83rd failure in Georgia since the crisis began in 2008.

Georgia’s the worst, but others are not far behind.

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Posted in Economy, FDIC Foreclosures | No Comments »

“Unemployment Down In All States”

by jim_worth Posted: Friday, 7/13/2012

Year-over-year change in unemployment impressive.

In the month of May unemployment remained unchanged at 8.2% but there is some great news in the Bureau of Labor Statistics report for May.

Only three states, Nevada, California, and Rhode Island are still in double digits in the unemployment rate compared with nine states just one year ago.  And thirty-four of the states are now under the national average.

Good news, right?

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Posted in Economy, Jobs | No Comments »

“The Rabid Dogs of Hypocrisy”

by jim_worth Posted: Saturday, 3/10/2012

This article has been posted on The Huffington Post, To view it on HuffPost click on the link!

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Discontent is high on both sides of the political spectrum.

These are the best of times and the worst of times — a clash between the tea party and occupy, taxes and spending cuts, the haves and have-nots, religiousocity and reality, poverty and gluttony, big government and small government.

But the warring — the battle between right and wrong, good and evil — does not stop there. The battle lines are fluid, constantly moving, and as more lines are being drawn chances of survival decline.

What’s caused this huge divide?

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Posted in Economy, HuffPost Articles, Politics | No Comments »
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