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Money & The Economy

News on Finance, Money, markets and the economy

Economic Forecasts Too Rosy?

The last few weeks have been ripe with claims that the U.S. economy is recovering. Pointing primarily at consumer sentiment and holiday spending, analysts expected that the outlook for America could only improve from here. Unfortunately, the numbers don’t add up: Gallup’s economic confidence index is at -31, well below its 52 week low February orders for U.S. durable goods ...

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Budgetary Boondoggle: Round 6

         In an article posted here at CDN on Feb. 14th titled, “Upcoming Budget: Nowhere to Run*,  I explained how I could see that our current Congress would not be able to even come close to passing a responsible budget for 2011 fiscal year. Looking at today’s news headlines, this budget boondoggle is following along exactly as I stated it ...

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Investors Turning Away from U.S. Debt Over Record Deficits

The proverbial chickens.. have come home to poop –  or roost if you prefer. The world’s largest bond investment fund, Pimco’s Total Return Fund removed U.S. government debt from its holdings: Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.[1] ...

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Look who voted to EXPAND Obamacare on 03/09/11

Yes, 95, count them, 95  fake Republicans voted to expand Obamacare yesterday! * Republican 95 138   7 Democratic 185     7 Independent         TOTALS 280 138   14  BILL TITLE: Veterinary Public Health Amendments Act of 2011* (Republicans in roman; Democrats in italic; Independents underlined)* Ackerman Aderholt Akin Alexander Altmire Andrews Austria Baca Baldwin Barletta Barrow ...

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Why Oil Price Drop .. Doesn’t Matter

Yesterday everyone and their brother was reporting that oil prices had managed to settle near $104. First, how is that good news? It’s just not as bad as the news we were told to expect. So does that make oil “unexpectedly” near $104?? Reading all the news, you’d think this was either good or confusing news. The news is not ...

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Years of Stimulus Fails to Create Jobs; 8 Weeks of Tax Cuts Gets it Done

Stimulus after stimulus program has been put in place by the Obama administration. Cash for clunkers, the GM/Chrysler/Union bail-outs, the actual 2009 economic stimulus bill, and on and on and on. As the  New American posted, it didn’t create much of anything in the private sector. Thomas Smith at Emory University, supported the stimulus package but he now finds that ...

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Florida Rail Project Decision Due Today

The two people pictured at the left here are State Senator Arthenia Joyner (D-Tampa) and State Senator Thad Altman (R-Melborne). Fore those of you not familar with Florida, Melbourne is on the far side of Eastern Florida, which is nowhere near the path of this High Speed Rail scheme.  I,d like to hear Mr. Altman’s explanation as to why he ...

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House Passes GOP 2 Week CR Spending Bill

       Today many Democrats joined Republicans to pass a 2-week spending resolution, that continues to keep our government running while they attempt to hammer out a budget. The deadline is looming folks, and this vote puts extreme pressure on the U.S. Senate and Harry Reid to come to an agreement to avoid a shutdown. The final House vote was 335-91, ...

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Bust the Unions ? You Betcha!

      Bust all public sector Unions and bar them from the taxpayer’s wallet, and do it today. It is time to put this circus to bed. Democracy does not include 10% of the population forcing their will on the majority of the people who pay their salaries. It is that simple.  PhotoStory1   <-  Click the link here to see some ...

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Wisconsin on Fire: Budget Protest Updates

As most of us here in America know, the Wisconsin Unions are protesting Governor Scott Walker’s proposed State budget, in which he is asking for  Union members to contribute more to their own healthcare premiums and pensions. The Union thuggery in conjunction with certain Media members, has some real tall tales being told about the facts here. They are also adding ...

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Upcoming Budget : Nowhere to Run

   We are a country that has essentially given our Congress a blank check to run the country with no budget plan for two years running.  How can anyone expect Congress to control spending when they can’t even pass a yearly budget?  This isn’t your usual incompetency in budget sanity we are led to believe at times, but to the contrary, this is done ...

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Conference Board Indicator Ticks Up Fourth Consecutive Month

NEW YORK, Feb. 7, 2011 /PRNewswire/ — The Conference Board Employment Trends Index™ (ETI) increased in January for the fourth consecutive month. The index now stands at 100.5, up from December’s revised figure of 100.3. The index is up 7 percent from a year ago. Says Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board: “Despite anemic job gains in January, the Employment ...

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States owe feds 42 Billion for Unemployment Payout

      Imagine a what $42 Billion dollars would look like considering the picture here represents about $1oo,ooo  bucks. It would take 420,000 of these same piles to equal the amount 30 States owe the federal government this year for the Unemployment payouts. When Republicans called for an end to unemployment extensions they were called heartless. Next week those same “Heartless ...

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The Real Unemployment Report

The Mainstream, New York bred, big-business news media outlets were practically tripping over themselves to report that the unemployment rate had dropped “unexpectedly” to 9.0%. The fact that only 36,000 of an expected 140,000 jobs were added was glossed over. How could an economy that must “Generate 246,600 Jobs A Month To Get To Pre-Depression Employment By End Of Obama ...

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