Below The Beltway

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Archive for the 'Credit Crisis' Category

Ron Paul: We Need More Fed Transparency

by @ Tuesday, March 16th, 2010. Filed under Credit Crisis, Economics, Politicos & Pundits, Politics, Ron Paul

Barack Obama Begins To Learn; It’s The Economy, Stupid

by @ Monday, February 8th, 2010. Filed under Barack Obama, Credit Crisis, Democrats, Economics, Political Parties, Politicos & Pundits, Politics

The latest Gallup poll has more bad news for the President:
PRINCETON, NJ — At 36%, Americans give President Barack Obama his lowest job approval rating yet on his handling of the economy. By contrast, the president’s 51% approval rating on handling foreign affairs is up slightly from last month.
Gallup measured Americans’ ratings of the president [...]

Congress Increases Debt Limit To $ 14,294,000,000,000

by @ Thursday, February 4th, 2010. Filed under Credit Crisis, Economics, Politics

Well, this was inevitable:
WASHINGTON — The House on Thursday voted to allow the government to go $1.9 trillion deeper in debt – or about $6,000 more for every U.S. resident.
The measure, approved 217-212, would raise the cap on federal borrowing to $14.3 trillion. That’s enough to keep Congress from having to vote again before the [...]

U.S. Government: Whoops We Missed 800,000 Laid Off Workers

by @ Thursday, February 4th, 2010. Filed under Credit Crisis, Economics

Tomorrow, the Bureau of Labor Statistics will announce that job losses over the past year were 800,000 people higher than originally reported:
NEW YORK (CNNMoney.com) — As bad as the government’s jobs readings numbers have been during the Great Recession, we’ll soon find out the real situation likely was worse.
Job losses during the recession may have [...]

Obama’s FY 2011 Budget: Trillion Dollar Deficits As Far As The Eye Can See

by @ Monday, February 1st, 2010. Filed under Barack Obama, Credit Crisis, Economics, Politicos & Pundits, Politics

Later today, President Obama will unveil his proposed budget for Fiscal Year 2011 and it’s clear that any hope that he’s serious about reducing the budget deficit will go out the window:
President Barack Obama’s new $3.83 trillion budget—on its way to Congress Monday— anticipates an even worse deficit this year than last and no big [...]

Could Ben Bernanke Be Out Of A Job In Two Weeks ?

by @ Friday, January 22nd, 2010. Filed under Barack Obama, Credit Crisis, Economics, Politicos & Pundits, Politics

Ordinarily, the reconfirmation of a sitting Federal Reserve Board Chairman would be fairly non-controversial.
These, however, are not ordinary times:
Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn’t sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal [...]

Obama’s First Year Increase In National Debt Already Record Setting

by @ Thursday, January 21st, 2010. Filed under Barack Obama, Credit Crisis, Economics, Politicos & Pundits, Politics

Wow:
The numbers below do NOT reflect the actual National Debt. Instead, they reflect the amount of the INCREASE in the National Debt during each presidential term.
> Ronald Reagan’s First Term – $656 billion increase
> Ronald Reagan’s Second Term – $1.036 trillion increase
> George H.W. Bush’s Term – $1.587 trillion increase
> Bill Clinton’s First Term [...]

Only 21% Of Americans Favor Reappointing Fed Chairman Ben Bernanke

by @ Wednesday, December 2nd, 2009. Filed under Barack Obama, Credit Crisis, Economics, Politics

A very interesting poll from Rasmussen:
Ben Bernanke begins the formal process tomorrow for confirmation to a second term as chairman of the Federal Reserve Board, but 41% of Americans think President Obama should name someone new to the post.
A new Rasmussen Reports national telephone survey finds that only 21% of adults believe the president should [...]

Third Quarter GDP Growth Not As Large As First Thought

by @ Tuesday, November 24th, 2009. Filed under Barack Obama, Business, Credit Crisis, Economics, Politics

Well, this is no surprise:
WASHINGTON – The economy grew at a 2.8 percent pace last quarter, as the recovery got off to a slower start than first thought.
The Commerce Department’s new reading on gross domestic product wasn’t as energetic as the 3.5 percent growth rate for the July-September period estimated just a month ago.
The main [...]

Anti-Bailout Palin Supporter Doesn’t Realize Palin Supported The Bailout

by @ Friday, November 20th, 2009. Filed under Credit Crisis, Economics, Politicos & Pundits, Politics, Sarah Palin

And, yes Sarah Palin did support the TARP bailout.
These people walk among us, and they vote.

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