Posts Tagged ‘stimulus’

“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 »

“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

“In Geithner’s Fantasy World!”

My newest article has been posted at The Huffington Post and is available to read and comment on. Click on the link to go straight to the article in the Business Section.

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There’s an incredible disconnect inside The Beltway and Geithner’s the drum major!

In the fantasy world of the Obama Administration and Treasury Secretary Timothy F. Geithner the country is improving and we should all be thankful for their swift and decisive actions.

Those heroic actions prevented the country from sliding into another Great Depression, but what is happening in this economy cannot be defined as recovery.

His recent Op-Ed in the New York Times, “Welcome to the Recovery,” explains why we should all feel better about the economy. “The economy is better than most Americans realize.” He actually believes that the actions they took to stimulate the economy at the height of the devastating meltdown prevented an even deeper collapse and put the economy on the road to recovery.

For whom?

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“The Evaporation of Hope!”

Just two short years ago we were promised hope and change!

After 8 years of a disastrous administration we, Independents like myself, Democrats, and some disgruntled Republicans voted Barack Obama into the office of President over the tired, old, destructive platform of John McCain.

The need for change was obvious and the promise of hope exhilarating. We had a dynamic, charismatic candidate that offered promise for the future; an opportunity to right the wrongs of the previous administration and 12 years of a destructive Congress.

It was clear that Obama understood the needs of the people and would work hard to restore the balances that make this country great! There had been a long, slow, painful 30 year erosion of that balance and America was in an agonizing death spiral. Obama promised to reverse that!

But, as an Independent, a year-and-a-half into his Presidency, I’m wondering…

Where is the change that millions of Americans were hoping for?

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Posted in Economy, Politics, Rebalancing America | Comments Off

“Surrounded by Warning Signs!”

Could the stock market still feel the pain of a double dip?

The market had a huge scare last week which left Wall Street reeling!

Traders, analysts, and everyone on Wall Street are worried that this might not just be a glitch. They’re calling it a “flash crash” but it could be one of the many warning signs that the market is just two converging economic crises from a meteoric fall to a new bottom?

The new bottom—a more realistic bottom given all the band aids that have been applied to this economy—could be the second leg of the double dip. There is compelling evidence, largely ignored, that the March low of 6,547 could be tested again.

Despite the rising markets there has been a pall over the trading floors for sometime. And rightly so. The signs are there and they are many.

But does that indicate a double dip?

Last Thursday, David Hefty, CEO of Cornerstone Wealth Management appeared on Squawk On the Street and identified several of the huge warning signs that threaten the global markets.

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Posted in Economy, Markets, Wall Street | 1 Comment »