Posts Tagged ‘TARP’

“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 »

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

“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

“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

“Republicans Run From the Truth: Again!”

This new article has been posted at The Huffington Post and on wsj.com.To read it there click on the link.

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Like spoiled children the remaining two Republicans quit bipartisan budget talks.

Majority Leader, Eric Cantor, and Senator, Jon Kyl, the last two GOP members, left the Biden chaired budget negotiations.

But this is not the first time Republicans have quit.

Because things weren’t going his way, Senator Tom Coburn, left the Gang of Six. Sarah Palin continues to quit everything she starts, more recently her big bus vacation. And Republicans have, over and over, abandoned positions they had previously supported as soon as the Democrats or Obama endorse them, even if they’re good for the nation.

This time, the consequences may be more serious—the results far more devastating.

Why, when negotiations reach critical points, do Republicans take their ball and head home?

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Posted in Budget, Economy, Election 2012, HuffPost Articles, Politics, Republican Crises | 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

“The Gang of Six”

Three Republicans and three Democrats search for budget compromise!

A bipartisan group, six Senators, have spent months pounding out a compromise they hope to persuade Congress to adopt; a plan that will reduce the deficit, create jobs, and turn the U.S. economy around.

Senators Mark Warner (VA), Dick Durbin (IL), Kent Conrad (ND) and Tom Coburn (OK), Saxby Chambliss (GA), and Tom Crapo (ID), after months of meeting behind closed doors may not be able to complete a deal as budget talks begin in earnest now that Congress has returned from its two week recess.

Since they’ve been meeting in almost complete secrecy it’s difficult to predict what their proposal will contain. Difficult to know what they agree on and what they differ on.

Unlike the Ryan Plan which was passed by the House a few weeks ago, the bipartisan proposal is rumored to contain some revenue increases as well as spending cuts. It will, like the President’s Deficit Commission, address the reality that serious deficit reduction requires growth in revenue which does not sit well with Republicans.

Will the bipartisan plan get bipartisan support?

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Posted in Budget, Economy, HuffPost Articles, Jobs, Politics | 1 Comment »

Up! Up! and Up! But Why?

Wall Street continues its climb in spite of the pain they’ve cause on Main Street.

The last two weeks the Street bounced back from its retreat to under 12,000 the previous week. The dow hit a yearly low of 11,613 and the S&P bottomed at 1,256 on Wednesday the 16th of March.

The bulls fight to keep the markets above 12 despite all the turmoil and chaos in the world. On Friday it closed at 12,373 after hitting nearly 12,420 earlier in the session.

Continuing unrest and disruptions in the Middle East, nuclear uncertainty in addition to the devastation in Japan, and financial disruption in Portugal and the United Kingdom, should have sent the market into a 500 or more point tailspin.

With all the uncertainty, why is the market still rising?

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Posted in Economy, Wall Street | Comments Off

“The Banksters: An Oscar Winning Performance”

Oscar Winning “Inside Job” exposed the criminals of the banking crisis!

As a result of the hard-hitting documentary, the criminals have been rounded up, tried, convicted, and incarcerated in maximum level confinement.

Their families are outraged, claiming they are being treated like caged animals; treated like Bradley Manning—isolated and stripped of their rights and visitation privileges. They are calling for fair and humane treatment, including access to their overpaid attorneys.

What?

There are no banksters in prison?

No one has been convicted?

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Posted in Banking, Economy, Finance, Politics, Too Big to Bail | 1 Comment »

“A House Derided”

This new article has been posted on The Huffington Post, Thursday at 11:05 pm. Click on the link to read at the HuffPost.

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Will the coming change in the House of Representatives be productive?

In the 110th and 111th Congresses the Democratic Majority was accused of socialism, out of control spending, manipulation, and derision by a bitter and vitriolic Republican minority. A minority with a memory deficit.

Attacks have been unfairly levied at Speaker Nancy Pelosi, Barney Frank, and other high ranking Democrats in the House for a multitude of positions and actions they took as the majority party. Many of the actions would actually ‘help’ most Americans.

Republicans are set to again become the majority in the House despite their previous 12 years of failure: causing the economic meltdown, throwing us into a costly war in Iraq, increasing the cost of Medicare with Medicare Part D, bailing out the banks with TARP, and on and on, ad infinitum.

If you think the House of Representatives was bad this past four years wait until you see what’s coming.

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