Posts Tagged ‘Alan Greenspan’

“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?

Read the rest of this entry »

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

“Double Dip: A Republican Conundrum!”

The financial crisis is a Republican creation they won’t talk about!

Supply-side economics, Reaganomics, lazzez-faire, all theories of economics, developed and promoted by Milton Freidman—advanced by many—and responsible for the financial quagmire we are currently drowning in.

These theories are the mantra of conservative Republicans and the foundation of their party’s free-market-capitalism platform. It is also the cause of nearly all the financial woes and hardships hard-working Americans are experiencing. They have pushed supply-side for 30 years and it has led to the most damaging recession since The Great Depression.

The supply-side experiment is a failure and has left us in such a dire position that with a little shove we could fall into a global depression. The potential is so great that unprecedented steps had to be undertaken to prevent plummeting that far.

But we’re not through. As fears mount of a double-dip we could slide back to, or below, the March 9, 2009 lows when, the Dow fell below 6,600, its lowest level since April 15, 1997 and the S&P slid below 700, its lowest close since September 12, 1996.

In fact the Dow is poised to fall below the 6,000 level or further as it nears the second low. Read “The Dow at 6,000.”

Things were, and are still extremely difficult.

Who is responsible for the difficult problems we face?

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Posted in Economy, Politics, Republican Crises | Comments Off

“An Economic View Into a New Decade”

The financial decade has ended and all evidence points to 10 years of nothing. That’s right, the stock market was actually down during the last decade!

A new decade has begun and with it comes high hopes for a much better decade than the last. At least for the market. The big question is, what will the next decade bring and what will the best bets be for investors?

As we entered 2000, a new millennium, we had what appeared to be a thriving economy. Jobs were plentiful, tech was booming, the country had a budget surplus, and a deficit of only $5 trillion.

A decade later we have unemployment at 10%, tech has leveled off and has moved to selling toys and gadgets, and the deficit climbed to $12 trillion. Banks are failing at an accelerating rate and big banks, those ‘Too Big to Fail’ after being pulled from the abyss with taxpayer money, are cheating the economy at a greater level than at any time since the 1920’s.

A lost decade? The worst in our nation’s history!

Are the prospects for a more prosperous decade any better than they were at the beginning of 2000?

Have conditions really improved? Read the rest of this entry »

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Posted in Economy, Predictions | 2 Comments »