Posts Tagged ‘consumers’

Quick Hit: “Move Your Money”

Are small banks and credit unions safer than big banks?

Big banks and Wall Street caused the financial meltdown, were bailed out by the taxpayers, and are operating under the same destructive model that caused our financial problems. By remaining with any one of the top 20 banks you are helping create another financial crash that will be even worse for the global economy.

Occupy Wall Street has brought the collusion of  big banks and Wall Street into focus as the main cause of our declining economy. It has served, in growing numbers, to expose their collusion and calls for Congressional action.

But, the next move can be yours!

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Posted in Banking, Quick Hits, Rebalancing America, Too Big to Bail | Comments Off

“Overcoming the Stigma of Bankruptcy!”

Millions of hard-working Americans are filing bankruptcy every year.

In 2010 more than a million and a half individuals and families filed for bankruptcy — exceeded only in 2003 and 2005.

It’s predicted that bankruptcies could decrease in 2011 after returning to the pre-2005 levels the past two years. But, if the economy slows bankruptcies will climb. More than 3.7 million Americans have filed for bankruptcy in the last five years.

With so many Americans in financial trouble bankruptcy no longer carries the stigma it once did. The need to file bankruptcy has touched not only the poor, but a wide spectrum of Americans who are struggling to make ends meet.

When will the financial struggle for hard-working American’s end?

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Posted in Bankruptcy, Economy | Comments Off

“Financial Ruin: A Republican Legacy!”

The right continues to push U.S. into a deep financial abyss!

Holding Republicans responsible for the damage they’ve caused over the past three decades should be our first priority. And the damage is unprecedented.

The mid-term elections and the rise of the Tea Party has again changed the political landscape so it is even more imperative that the American people start paying attention to the reasons we’re in this incredible mess and why we’re sliding back into recession.

In the second article in the Republican Crises Series, “Financial Crisis: Made in America by Republicans,” eleven different events that have caused pain and suffering for the American people are listed.

Have Republican policies ruined America?

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Posted in Economy, HuffPost Articles, Politics, Republican Crises | Comments Off

Quick Hit “Warren Runs For Senate”

Elizabeth Warren will oppose Scott Brown in the Massachusetts Senate race.

Scott Brown will face a formidable foe in the 2012 election after winning Ted Kennedy’s Senate seat in a heated special election just one year ago.

The Harvard Law Professor, whose last gig was setting up the Consumer Financial Protection Bureau — the office established to protect consumers from the banksters — will soon represent ‘the people’ of Massachusetts. She announced her candidacy this morning after her exploratory committee determined she had the support to challenge Scott Brown.

Many of us believe Obama should have nominated Ms. Warren for the chairmanship of the new agency. But her confirmation was being blocked by the obstructionist Republicans in the Senate. They will not confirm anyone who will fight for ‘the people.’

The President should have fought for her appointment but caved under Republican pressure.

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Posted in Election 2012, Politics | Comments Off

“SuperCommittee? Or SuperFluous?”

Congressional leaders selected 12 members to the new Super Committee!

A committee of eleven men and one woman have been chosen to fix the deficit; a deficit that was set in motion 30 years ago.

They begin work this week, charged with the daunting task — given the current partisanship in Congress — of reversing the spiraling deficit. They already have many obstacles to overcome.

Others have introduced proposals to rein in congressional spending, but each has been rejected for varying reasons.

Can this group find success when others have failed?

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

Why Isn’t the Economy Recovering?”

Article was posted on The Huffington Post on 8/11/11. Click on link to read it on HuffPost.

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For most Americans it has been a slow and painful recovery from this recession.

Analysts, politicians, and pundits continually offer excuses for the slowness of this recovery; and there are a multitude of excuses.

Most prominent among them is ‘the government,’ and the catch phrase being pushed, ‘uncertainty.’ It’s constantly stated, “businesses are reluctant to hire or grow, because of the uncertainty of government policies.”

They’ve blamed low income home buyers for the housing crisis; buying more home than they could realistic afford. They call them liar’s loans. But they hold corrupt mortgage lenders, Wall Street charlatans, and rating agencies, harmless.

Are there any other reasons the American economy is struggling?

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Posted in Economy, HuffPost Articles, Politics | Comments Off

“Stimulating a Dead Economy”

My newest article is now available on The Huffington Post. Click on the HuffPo linke to read it there.

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The U.S. economy is surviving only because of over-stimulation.

We’re living on fumes in this country, and the pursuit of happiness has come to an end for millions of families!

Main Street is still suffering. But, the Market is on Viagra, shored up by QE2, the Fed program to buy hundreds of billions of dollars in U.S. Treasury Bonds. As QE2 winds down, and the economy falters, the discussion turns to the possibility of QE3.

A tremendous number of band aids have been administered to keep the U.S. economy from hemorrhaging; to prevent not only a domestic collapse, but a global one.

Each attempt to divert a financial disaster has had varying levels of success; many failing to achieve their intended goals.

Why have we needed so much stimulus?

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Posted in Economy, HuffPost Articles, Predictions, Wall Street | Comments Off

Quick Hit: “Oil Slides While Executives Whine”

The price of oil fell by over $5.00 a barrel yesterday after EIA report was released.

Speculators were running for the exits yesterday as demand for their pumped-up product continues to fall.

Oil Executives of the big five oil companies, Exxon Mobil, Chevron, BP, Conoco, and Royal Dutch Shell, testified before the Senate Finance Committee to justify—after amassing huge quarterly profits—the need of government subsidies of $2.1 billion dollars a year.

In a pre-statement with unAmerican overtones, Conoco-Phillips CEO, James Mulva, called the elimination of the subsidies ‘UnAmerican’ and ‘discriminatory.’

With the oil industry making record profits, why continue subsidies?

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Posted in Economy, Oil, Uncategorized | Comments Off

“Transitory Oil: Greasing the Slide”

Turmoil in the Mideast is being blamed for high gas prices.

Americans are getting fleeced by big oil companies!

In his first ever press conference Fed Chairman Ben Bernanke referred to the rise in oil and gas prices, as well as food and other commodity prices, as transitory. Though these stifling rises aren’t permanent they are having an immediate impact on those that can least afford them. They continue to erode the middle-class.

Transitory or not, big oil companies are making a killing on the high prices.

Exxon/Mobil reported record quarterly earnings, $10.65 billion, for the first quarter of 2011. That’s a 69% improvement over the same quarter last year. They spend millions of dollars in television and radio ads telling us how great they are. How much they’re doing for our planet. How much they’re improving our lives.

But are they really improving our lives?

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Posted in Economy, Oil | Comments Off

“Slip Sliding Away!”

Republicans are eating away at everything that is great about democracy!

Paul Ryan introduced his Republican version of a budget, and like his Road Map for America’s Future, it’s aim is to privatize everything and destroy America.

The budget and deficit are in desperate need of adjustment and rebalancing, but Ryan’s plan fails in its exclusion of many equally important issues that need to be part of the discussion. This would include an honest evaluation and truthful discussion of taxes and past budget deficits.

As is typical of all Republican fiscal legislation, Ryan’s plan has the greatest impact on the most needy and transfers taxpayer money to corporations and wealthy Americans.

Can we really go down this destructive path?

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Posted in Economy, Politics, Rebalancing America, Republican Crises | Comments Off