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Tag: "ARRA"

Mortgage Bubble Started Crisis, Isn't Getting Better

Mortgage Bubble Started Crisis, Isn’t Getting Better

Last year the economy crashed. Now, the stimulus has stimulated, the Federal Reserve has eased, Geihtner has.. well done whatever he does, and Obama has spoken (certainly that should have fixed everything). So how did we hit 9.8% unemployment since the stimulus was an emergency action that would keep unemployment from going over 8%, pumping massive amounts of liquidity into the economy should have loosened credit, little Timmy G. and Obama bought GM, AIG and Chrysler and they helped everyone buy a new car that wanted one? It must be that G.W. Bush must still be affecting the economy from his ranch in Texas…

America Goes Protectionist, Echos 1930's Era Actions

America Goes Protectionist, Echos 1930’s Era Actions

Still thickly in the middle of the biggest economic catastrophe since the great depression, American policy makers are making anti-free trade decisions that are eerily similar to the protectionist moves made during the depression. The A.R.R.A. (stimulus bill), has provisions in it that only allow the money to be spent on “manufactured goods” that are […]