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Money & The Economy

News on Finance, Money, markets and the economy

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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Whitehouse Ignores the Rule of law, refuses to report on Fannie and Freddie once again!

       The Whitehouse continues to stall on reforming the money train known as Fannie Mae and Freddie Mac, even though they are breaking their own so-called Financial Reform, ( also known as the Dodd-Frank Bill) laws to do it. This article is a part of the continuing exposure of the fraud, corruption and waste of taxpayer dollars by the F&F (Fannie ...

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Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com: “Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.” Yet they have managed to do just the opposite of the purpose for which they were created. With record ...

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Rubio visits Afghanistan, Pakistan. Was the trip necessary?

Newly elected Senator Marco Rubio (R -FL), recently went on a trip to the war zone of the Afghanistan/Pakistan border. As you can see in the picture, it is a very inhospitable land comprised mostly of rocky mountainous regions seperated by barren desert. While it is nice to see my  Freshman Florida Senator jumping in and getting to “work” up in DC, ...

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Money for Nothing and Houses for Free.

How would you feel if a burglar was caught inside your home stealing everything of value, and when the police went to make out the police report, you were told that you would have to write a check for $5000.00 to pay for the burglar’s legal fees? Well that happens indirectly, with the Lawyer-enriching “Right to Legal counsel” laws we ...

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California Dreamin

California Governor Jerry Brown was in the news again last week, with a startling “revelation”. He declared a State of Fiscal Emergency after looking at California’s budget, as California is 25.5 billion in the red. People seem to forget that this is the exact same declaration former Governor Swarzenegger made just last month, and which the California Democratic Legislature chooses ...

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