Posts Tagged ‘the Fed’

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Quick Hit: “Move Your Money”

by jim_worth Posted: Friday, 10/14/2011

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 | No Comments »

“Defining Occupy Wall Street”

by jim_worth Posted: Sunday, 10/9/2011

The right-wing attempts to define the Occupy Wall Street movement!

Maybe the Occupy movement — rapidly spreading to a city near you — defies explanation. But the one thing that can be said, unequivocally, is that it grows daily fueled by the growing frustration at the decline of this great nation and the number of egregious issues that must be addressed.

It is an unrest and dissatisfaction of a Congress that is not listening to the many while supporting the few; a Congress that has been deaf to the voice of justice and fairness.

They are the cadre of hard-working Americans disenfranchised by the system and declaring the causes, individually and collectively, which impel them to express their grievances. And, like the Opressions listed by our 56 signators of the Declaration of Independence, those grievances and usurpations are listed below for all to see and understand, conceding that these will not be the sum of their grievances.

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Posted in Economy, Occupy, Politics, Wall Street | 2 Comments »

“Financial Ruin: A Republican Legacy!”

by jim_worth Posted: Friday, 9/16/2011

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?”

by jim_worth Posted: Thursday, 9/8/2011

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 | No Comments »

Why Isn’t the Economy Recovering?”

by jim_worth Posted: Wednesday, 8/10/2011

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 | No Comments »

“Debt, Deficit, and Deceit”

by jim_worth Posted: Monday, 7/18/2011

New article has been posted on The Huffington Post, on 7/19/11. Click on link to read article on Huff Post.

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Holding the debt ceiling hostage is a huge political mistake.

The debt limit and budget deficit are separate issues and should be dealt with separately.

This debt limit is the ghost of Congresses past. The budget and reducing the deficit is the ghost of Congresses future. But, reality is firmly entrenched in the present.

Reasonable legislators understand the immediacy of raising the debt ceiling and the potential ramifications of failing to do so.

It has been raised without question 10 times since 2000, eight times under George Bush. Though there is no clear history from a previous default, economic and business leaders around the world are warning of catastrophic implications in failing to do so.

If this is even remotely possible, why are Republicans holding the debt ceiling hostage?

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Posted in Economy, HuffPost Articles, Politics, Republican Crises, UnAmerican | 2 Comments »

“Stimulating a Dead Economy”

by jim_worth Posted: Friday, 6/17/2011

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 | No Comments »

Up! Up! and Up! But Why?

by jim_worth Posted: Monday, 4/4/2011

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 | No Comments »

“Hiding America’s ‘Real’ Economy!”

by jim_worth Posted: Thursday, 1/20/2011

This article is available on The Huffington Post and was posted at 5:00 pm on January 20. Click on link to view on the Huff Post.

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America’s economy seems to be recovering but is that the ‘real’ story?

Some fourth quarter economic indicators—retail sales, manufacturing, stock market, corporate profits—portend a rising economy significant enough to avoid another slide to the bottom.

The optimism on Wall Street is palpable as the stock market continues to rise, or melt up as they now say, a result of the positive indicators over recent months. And the heightened exuberance the consumers showed this holiday season was also a positive sign. Manufacturing has been rising for the last several months which is seen as paramount to an improving economy.

The stock market is on its way back to its peak, due, in part, to record corporate profits.

The market is considered a forward looking indicator, and the private sector seems poised to stand on its own and no longer require the extreme measures it needed from the Federal Government.

So what could possibly go wrong and who would even whisper that things weren’t getting better?

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Posted in Economy, HuffPost Articles, Wall Street | No Comments »

“A Missive to Senator Coburn…and Others!”

by jim_worth Posted: Saturday, 7/24/2010

Senator Coburn’s appearance on The Kudlow Report prompted a response!

As I watched Senator Coburn on the “Almost Fox” Kudlow Report I realized that though he was being asked directed questions there were holes in the Senator’s responses regarding the causes, the stagnation, and solutions of our current financial situation.

There were many causes, and some signs of improvement, but not for everyone. Solutions are varied and some have better ideas than others.

The following is the letter I sent to the Senator today, 7/24/2010:

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Senator Coburn,

I watched and listened to you on The Kudlow Report last Friday, talking about the economy and financial regulation, with extreme interest.

I’ve been impressed in recent months with some of your positions and  few of your statements and comments. CNBC loves using your clip stating that Congress is incompetent. And, like you, I wonder who the 18%  are that think otherwise. You see, it has dropped since your original declaration.

There are a lot of reasons for Congress’ declining approval rating and recent legislations are a big part of that decline. In your segment on Kudlow you were right about a few things, but clearly not all. Read the rest of this entry »

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Posted in Economy, Politics | No Comments »
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