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Money & The Economy

News on Finance, Money, markets and the economy

Our Harsh Reality: We Are Self-Destructing As A Nation

Remember the lady who said she wasn’t going to have to worry about putting gas in her car or paying her mortgage now that Obama was president. In her words: “If I help him, he’s gonna help me.” And then there’s the “Obama stash” lady: Well, there is a lady in Orlando, Florida, who seems to believe that the moment ...

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Hey Obama Stop Trying To Help Me

Obama gave another speech on T.V. recently where he went on and on about how he has helped the middle class and started naming all the programs he has put in place that has made it easier for all Americans. If Americans look around at their situations and that of those around them, here’s what they are likely to find: ...

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Who’s Offering Economic Solutions?

Given America’s growing national debt, now in excess of $15 trillion: http://www.usdebtclock.org/ A per capita government debt that’s worse than Greece’s: http://www.weeklystandard.com/blogs/chart-america-s-capita-government-debt-worse-greece_631797.html Unemployment numbers “officially” listed at 8.5%: http://www.bls.gov/bls/newsrels.htm#OEUS Petroleum prices trending higher, adding pain at the pump for consumers while decreasing money available to them for spending on vital necessities like food and shelter: http://www.livecharts.co.uk/trend_signals/trend_forecast_chart_selector.php?ts=Futures_WI A statement like: “America’s ...

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Obama’s Got America Singin’ the Blues

Gas prices have doubled under Obama's leadership. Implementing the same policies as Jimmy Carter, the same outcome has resulted. How long until late 70's inflation rears its ugly head due to the failed economic policy of another progressive administration.

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Only 54% of Americans Have More Emergency Savings than Credit Card Debt

NEW YORK, Feb. 21, 2012  — Only 54% of Americans have more emergency savings than credit card debt, according to a new poll released today by Bankrate.com (NYSE: RATE). One in four Americans (25%) has more credit card debt than emergency savings and 16% have neither credit card debt nor emergency savings. Bankrate’s monthly Financial Security Index held at 97.3, unchanged from January and ...

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Shredding George – The Latest in Nanny State Government

Last December, I wrote an article about a bill lurking in the dark shadows of Congress that would begin production of a fourth dollar coin over the past three decades.  Harmless right?  I mean, so what if the Susan B. Anthony and Sacagawea coins were total busts.  I remember the biggest deal about the SBA coin was that kids kept ...

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Robosigning to Robosettlement to Roboslaves

Let’s keep this short and easy.  The banks own you. They own your houses and most of your cars and your land and your government.  Oops, did I say that out loud.  Well if they didn’t, wouldn’t the government have actually punished the banks for the illegal, specifically fraudulent practice of “Robosigning”?  In stead they helped the banks in every ...

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Mortgage Rates Slide to Another Record Low

The average rate on the benchmark 30-year fixed mortgage rate fell to a new low of 4.1 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.35 discount and origination points.

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U.S. Postal Service continues to hemorrhage money

The U.S. Postal Service ended the first three months of its 2012 fiscal year (Oct. 1 – Dec. 31, 2011) with a net loss of $3.3 billion. Management expects large losses to continue until the Postal Service has implemented its network re-design and down-sizing and has restructured its healthcare program. Additionally, the return to financial stability requires legislation which gives the Postal Service ...

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Alarming Number of Americans Unable to Find Jobs in Obama Economy

The Bureau of Labor Statistics, a division of the Department of Labor, released it’s employment situation summary this morning and the news is not as good as the first paragraph suggests. Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the ...

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Ford Motor Company U.S. Sales Increase 7 Percent in January

DEARBORN, Mich., Feb. 1, 2012  — Ford Motor Company U.S. sales in January totaled 136,710 vehicles, a 7 percent gain compared with January 2011; retail sales increased 8 percent Focus contributed to 30 percent of Ford Motor Company sales growth in January, more than any other vehicle in the Ford product lineup. Focus sales were 14,400 vehicles, up 60 percent – the ...

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Indiana State Police Seize $4 Million Transcontinental Cocaine Haul

. WXIN-Fox 59 reports that the Indiana State Police have seized 37 kilos of cocaine that was on its way to New Jersey from California. Around 9:30am on January 31st, a trooper on Interstate 70 pulled over a Freightliner for a routine traffic stop.  Upon speaking with the driver, 26-year-old Mosies Delgado, the trooper became suspicious and investigated further.  The trooper ...

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CBO Predicts Fourth Consecutive Year With Trillion Dollar Deficit

. The Conressional Budget Office (CBO) treated us with some bad, yet expected, news: Another year with a deficit exceeding a Trillion dollars.  In their release, the CBO said: CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012 if current laws remain unchanged. Measured as a share of the nation’s output (gross domestic product, or GDP), that ...

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Consumer Confidence Index Decreases Slightly

Index Retreats after Two Months of Large Gains NEW YORK, Jan. 31, 2012 — The Conference Board Consumer Confidence Index® , which had increased in December, retreated in January. The Index now stands at 61.1 (1985=100), down from 64.8 in December. The Present Situation Index declined to 38.4 from 46.5. The Expectations Index edged down to 76.2 from 77.0 in December.The monthly Consumer Confidence ...

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