Prosper by consumer spending, now suffer for of it.

The flaws of the US and credit economy are now being exposed one by one.  The latest evidence to indicate the length of the recession/depression could very well be later than sooner.  The caged beast known as consumer spending has now proven it can injure its keeper.  The Federal Reserve reported consumer borrowing fell in August [...]

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Voter fraud and intimidation alive and well in 2008!

In what can only be considered another example of the sad state of the United States of America, Katherine Lucey of philly.com reports on some of the tactics used in predominantly black neighborhoods to depress citizens more likely vote democrat.
An anonymous flier circulating in African-American neighborhoods in North and West Philadelphia states that voters who are facing outstanding [...]

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More bailouts, backed by taxpayer funds…great?

 
NEW YORK (CNNMoney.com) — The Federal Reserve announced a new program to help the battered market for short-term business loans – taking its closest step yet to lending directly to businesses.
The program addresses commercial paper, a form of short-term funding that is crucial to many businesses operations.
In the past month, the amount of money outstanding [...]

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Keating 5 History lesson.

Update: Check out http://keatingeconomics.com/
For anyone not aware of the Keating Five, here’s a very simple summary:
Charles Keating owned a savings and loan in California. He was illegally using the money of his bank’s customers to give loans to himself and friends that they didn’t have to repay, and to speculate on risky real estate investments, [...]

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Replace Sarah Palin with Elizabeth Hasslebeck!!

Judging by the reception of John McCain’s choice of a young female character to his campaign, he may well have been on to something.  His only problem,  picking the wrong talking [pretty] head.  The choice of Sara Palin was suppose to show McCain’s ‘Maverick’ tendencies.  Demonstrate that he will not make decisions based on the status quo.  He almost [...]

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Mrs. Palin….See you in 8 years.

The ‘great’ debate is over.  For Sarah Palin, it was “mission accomplished”.  As a result of so many shocking missteps, the expectations were amazingly low and she surpassed those expections.  All she needed to do was prove she could string together a coherent sentence.  Good for you.
Her handlers finally were able to prepare to the [...]

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Plain Palin is a Millionaire

“So much for being Joe Sixpack or plain Jane.”
read more | digg story
As far as anyone is concerned, there are other better things to criticize when it comes to Governor Palin.  The fact that she has saved her money, made good deals and does not carry credit card debt should be applauded.   Are her critics [...]

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The SURGE WORKED!!!!….maybe not.

According to a Rasmussen Reports, “For the first time since Rasmussen Reports began polling on the issue, a plurality of voters in September say the U.S. mission in Iraq will be viewed as a success in the long term.”
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Sighting survey data, “41% said history will rate the war in Iraq a success versus [...]

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Wow..economic solutions available 8 months ago.

Isn’t it amazing how those who saw this coming were never really listened to?  You have to ask one of two questions.  1)  Are the folks in Washington (Treasury Secretary, FED, House and Senate) all that stupid, they did not see this coming? or 2) are they in on it.  This is a case of leadership [...]

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Best explanation for NO Bailout

This is the best explanation as to why the bail out is not needed!!!!! It has been pasted in its entirety.
Jeffrey A. Miron is senior lecturer in economics at Harvard University. A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.
CNN Article:
Commentary: [...]

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