Each day the foundations of our economy crumble a little bit more, and we need to wake up as many Americans as we can to what is really going on while there is still time.
Archive for Category: "Economy"
Obama’s Virtual Economy
When Newt makes claims like this, he’s nuts; with Barack Obama, it’s a vision. .. Instead of the economy we all live in, he’s making one up and inviting us to pretend we are living in it. Welcome to the Sim City Economy. – WSJ
Santorum: Reid, Pelosi, Obama like drug dealers hooking you on entitlements
The food stamp president is sure doing a good job of it. With half of American households getting some form of payments from the government we may have come too far already to right the sinking ship.
Obama’s Double Talk on Sky-High Gas Prices
When gas prices hit $4 a gallon in 2008, candidate Barack Obama said it was due to previous failed energy policies. Now that prices are heading still higher, President Obama calls it progress. – IBD
Crude Oil vs. Iran: Who Blinks First?
But with Iran still a volatile unknown, analysts say oil could continue to rise and expect to see gasoline at $4 a gallon, and some even see $5, heading into the summer driving season. If the analysts were right, $4 or $5 gasoline by summer time would certainly be detrimental to the nascent U.S. recovery, and debt-troubled Europe, which could bring demand destruction pushing oil prices back down.
Jetsons Episode 5,437: the Kroger vending machine
We are surrounded every day by the glories of free enterprise and risk tasking. We don’t have to lobby for the progress. We don’t have to vote for it. We don’t have to stop our lives and get involved in some stupid pressure group and march around with signs that say: “we want to do our grocery shopping through vending machines!!”
8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default
[T]he new debt deal imposes such strict conditions on Greece that it is almost inevitable that Greece will fail to meet some of them. When Greece does fail, Germany and the other northern European nations may try to claim that they “did everything that they could” but that Greece just did not “live up to its obligations”.
Could the American Government Default?
While Greece continues to inch its way towards a deal with its EU partners, the creditors of a much-larger debtor, the US government, appear to be untroubled. Ten-year Treasury bonds still yield just 2%. But the issue of how the US addresses its long-term fiscal problems is, as yet, unresolved.
Disability Fraud Holds Down Unemployment Rate; Jobless Disability Claims Hit Record $200B in January
Is there anyone who thinks disability fraud is less than 10%? If not, then the unemployment rate would be at least 9.9% assuming those in fraudulent claims started looking for work.
Leaked Memo Blows The Lid Off Of The Entire Greek Bailout
Again, basically what it shows is that European leaders can’t deny what everyone sees as obvious: That everything undertaken so far is destroying the Greek economy, and that further reforms will only make it worse. – Business Insider