Archive for the ‘Economy’ Category

“The Fiscal Rift”

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 | Comments Off

“It Was the Economy, Stupid”

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 | Comments Off

“Paul Ryan: A Gift to Democrats”

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”

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 | Comments Off

“Unemployment Down In All States”

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 | Comments Off

“The Rabid Dogs of Hypocrisy”

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 | Comments Off

“Saving Us From the Bottom”

This article has been posted on The Huffington Post. Click on the link to read it on Huff Post.

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It’s time for a radical new approach!

We’ve tried trickle-down and it hasn’t worked! All that’s trickled down is crap.

So as we near, bounce along, or bounce off the bottom in our financial recovery, let’s start thinking outside the pox.

Yes, supply side economics has been a pox on this country, on the world — a pox on capitalism with a predatory financial system and unfiltered greed becoming a malignant cancer.

What caused this insidious and unrelenting disease? How do we reverse it?

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Posted in Economy, Election 2012, Finance, HuffPost Articles | Comments Off

“When Right Is Wrong”

The American way of life has changed dramatically, the result of three decades going in the wrong direction.

Economically we’re setting records; contradictory indicators of wealth and poverty, production and unemployment, and corporate growth offset by small business decline.

The economic picture is vividly uncertain and Congress added to the unpredictability with their obfuscation of the payroll tax — finally passed under pressure.

When, then, can we expect recovery?

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Posted in Economy, Election 2012, Opinion, Politics, Rebalancing America | 2 Comments »

“Super Failure?”

This article has been posted at The Huffington Post.

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With a looming deadline the Super Committee is under tremendous pressure.

As November 23rd closes in, the 12 members of the Super Committee (Joint Select Committee on Deficit Reduction) are being approached, attacked, pushed, cajoled, advised, and pressured, from all sides.

The difficult task of finding $1.5 trillion in deficit reductions has fallen into the laps of 12 hand selected members of Congress, six from the House and six from the Senate. Some have called it a daunting task. One-point-five trillion does seem like a lot of money! But their time horizon is 10 years.

An entire decade to reduce the deficit by only $150 billion a year?

Seriously?

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Posted in Budget, Election 2012, HuffPost Articles, Politics | Comments Off

“More Georgia Banks Succumb”

Two more Georgia banks failed on Friday!

With the failure of the 72nd and 73rd banks since the banking crisis began Georgia’s banking system remains extremely vulnerable.

Florida lost another bank, the 12th this year and number 52 since the crisis began. Florida remains 2nd to Georgia in bank foreclosures.

A total of 406 U.S. banks have been taken over by the FDIC, and the four lost last week cost the DIF nearly $360 million.

But, the problem brewing in Europe may far exceed our crisis here in the United States.

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Posted in Economy, FDIC Foreclosures | Comments Off