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The Status of the U.S. Economy
Once upon a time earnings were a reliable performance measure to judge a company’s financial health, whether being good or poor. It helped to make proper business decisions.If the company was making money, it was... The stimulus Scam
Political arguments have resulted in a stimulus package that will do enormous damage to the economy. The idea is simple, just have the government write everyone a rebate check, and these rebate recipients will... Mister Market’s Moral Lesson
Markets are not mathematical, nor mechanical; they're moral. Their purpose is not to make people wealthy, but to make them wise. If they were mathematical they would make people richer by adding zeros. But it's not... History of Stimulus Effects
When a man wins the lottery, it has a stimulating effect on everyone around him. He usually spends the money quickly - often even before he gets it. But no matter how much he wins, he is usually broke within a few... Consumers’ Change of Heart
The vast credit expansion that lasted from 1945-2007 now has contracted till an insignificant quantity, as people’s hearts and minds have been thrown into reverse. During the bubble years, more and more... 150 views | 12 recommendations | 3 comments
Financial System led by Market or Economy?
A market economy is a system of allocating resources based only on the interaction of market resources such as supply and demand. A true market economy is free of governmental influence and other external... Creative Destruction
Schumpeter framed the phrase “creative destruction” into the economic discussion around 1940 in one of his publications.Creative destruction is often shared with innovation when something new kills something... Author's update of "Wasting taxpayer funds" by Arnie Sherr
April 11, 2008
To Ken Lewis, CEO of Bank of America and all other entities that have accepted tax payer funds:
At last April’s (2008) Senate oversight hearing Ken Lewis said, "I get it, and I'll make sure Bank of America get's it!" Mr. Lewis, I am not sure that you... Are We Impoverishing The US Anti-Poverty Effort?
My concern, now that we have earmarked multiple trillions of the public purse to bailing out banks and building bridges, is that we will have squeezed the money available to meet the goal established by Barack's new Domestic Policy Council Director, Melody Barnes, to cut... Are We Over-Stimulating The US Economy?
I believe that we are where we are because governments around the world have been over-stimulating their economies since the late Eighties. Every time it has come time to pay the piper, we have put off the day of reckoning by literally printing more money.I’m going to spend... Roll Call: Here is who voted for- against the Obama Stimulus Bill
"Here is how the House voted on Obama’s Stimulus Bill. The 244-188 roll call Wednesday by which the House passed a $819 billion economic stimulus bill. A “yes” vote is a vote to pass the bill. Voting yes were 244 Democrats and 0 Republicans. Voting no were... 70,000+ Layoffs Expected in One Day as Financial Crisis Deepens
Monday, as Iceland's Parliament resigned and US President Barack Obama stated that the financial crisis would get "dramatically worse," several companies announced layoffs that could total at least 70,000 jobs...
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