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Money & The Economy

News on Finance, Money, markets and the economy

Seven Points of Economic Leadership for the United States of America

Seven Point of Economic Leadership for the United States of America By William Way It is time for economic leadership in Washington that makes sense.  The entire mental infrastructure of Washington DC has endorsed the foolish theories of Keynes.  If they studied just a little bit, only a little, they would recognize that Keynes never believed that his theories would ...

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Would 230,000 New Jobs Get Obama Reelected?

A trillion taxpayer dollars wasted here and another trillion or so wasted over there, and we still have unemployment over 9%.  So what is an incumbent President to do to get reelected under such dismal U/E numbers, considering that in all of modern U.S. electoral history no sitting President has ever been reelected with an U/E rate over 7.2% ? As the ...

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Just What, Exactly, Is The Buffett Plan?

Warren Buffett stepped into the spotlight recently to say that he does not pay enough taxes. He states that he is wealthy enough that he can afford to pay more taxes than he does now. There is no doubt that he can afford a higher tax bill, but why is Buffett calling for higher taxes on the “rich” when he ...

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Who Pays What in Taxes: The Truth Comes Out at CDN

The President wants to raise taxes in America through his phony American Jobs Act and the unconstitutional super debt committee fallacy. Is President Obama trying to slam us into a double-dip recession? Now he wants to impose what he cutely calls The Buffet Rule  to tax Americans even further, because as Warren Buffet says, the rich pay less than in taxes than the poor ...

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Texas, North Carolina and South Carolina Viewed as Best States for Business

California, New York and Illinois Ranked as Worst for Business NEW YORK, Sept. 19, 2011 /PRNewswire/ — Texas, North Carolina and South Carolina are viewed as having the best business climates among the 50 states, according to a new survey of U.S. corporate executives released here today. The poll pinpointed California, New York and Illinois as the U.S. states with the least favorable business climates. Conducted by Development Counsellors International (DCI) every ...

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Is President Obama Pushing Us Into a Double Dip Recession? History Says YES

President Obama’s approval ratings among American voters have been dropping to historic lows as he heads into the third year of his first, and only term, as President of The United States. Electoral history backs up that last statement, in the fact that no incumbent President has ever been reelected with our current stubbornly high unemployment rate hovering over 9%. ...

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The Obama Effect

The following chart shows a comparison of prices of certain commodities from January, 2009 when Obama took office to the prices of the same commodities in January, 2011.             Sourcing is footnoted.             Leftist should take a lot of tranquilizers before reading this chart. Just take this last item: In the last two years we have accumulated national debt at ...

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Progressive U.S. Senate Piles on the Debt with 2012 FEMA Bill.

Pretty much everyone in the country wants to fund FEMA ( Federal Emergency Management Agency) to ensure the money is there to help the areas of America that need to recover from the numerous natural disasters of late. Hurricanes, tornadoes, and the subsequent flooding from them have left many towns ravaged and they are in need of federal dollars to ...

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House Republicans Pass Highway (to Hell) Bill by Voice Vote

Yesterday, Sept. 14, 2011 should be marked as an eye-opening day of revelation for conservative voters across the nation that handed the U.S. House of Representatives to the GOP in the historic 2010 elections. Why should this day be such an eye-opener? Well, this is the day that Republicans used the Liberal trickery that we have seen for the past ...

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Greece's Departure From the Euro Seems Inevitable

NEW YORK, Sept. 14, 2011 /PRNewswire/ — Removing Greece from the eurozone might be the best solution to ending the uncertainty and volatility in the European markets and would remove one of the biggest hurdles impeding an economic recovery in Europe, according to a white paper from Newton*, theLondon-based global asset manager that is part of BNY Mellon Asset Management. “We have believed for some ...

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Fannie Mae Redemption

WASHINGTON, Sept. 12, 2011 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: Principal Amount Security Type Interest Rate Maturity Date CUSIP Redemption Date ...

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U.S. Exports Hit $178 Billion in July

WASHINGTON, Sept. 8, 2011 /PRNewswire-USNewswire/ — The United States exported $178 billion in goods and services in July 2011, an all-time high, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. Exports of goods and services over the last twelve months totaled $2.005 trillion, which is 27.3 percent above the level of exports in 2009.  Over the last twelve months, ...

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Funded Status of U.S. Pensions Falls to 78.0 Percent in August

BOSTON, Sept. 7, 2011 /PRNewswire/ — The funded status of the typical U.S. corporate pension plan in August fell 5.6 percentage points to 78.0 percent as pension plans were affected by both falling assets and increasing liabilities for the second month in a row, according to monthly statistics published by BNY Mellon Asset Management. The typical plan is now at its lowest ...

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Zero JOBS! Obama Off to Camp David

14 million Americans remain unemployed in the U.S., a number that is unchanged from July. As a Bureau of Labor Statistics report stated today, the economy created exactly zero jobs for the entire month of August signalling the failure of the current administration’s economic policies. In reponse to the zero job growth, White House economic advisor Gene Sperling said, “This president ...

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