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Archive for the 'Credit Crisis' Category

Signs Of Another Housing Market Collapse

by @ Wednesday, March 24th, 2010. Filed under Credit Crisis, Economics, Real Estate

First, there is yesterday’s news on existing home sales: Existing-home sales fell for the third consecutive month in February, fueling concerns that the tax credit for home buyers that helped revive the market last year won’t provide a comparable boost during this spring’s buying season. An $8,000 tax credit for qualified first-time home buyers helped […]

Ron Paul v. Tim Geithner 3/23/2010

by @ Wednesday, March 24th, 2010. Filed under Credit Crisis, Economics, Politicos & Pundits, Politics, Ron Paul

Why The Stimulus Isn’t Working

by @ Wednesday, March 24th, 2010. Filed under Barack Obama, Credit Crisis, Economics, Politicos & Pundits, Politics

UC-Irvine economist Richard McKenzie explains:

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

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 […]

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 […]

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 […]

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 […]

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 […]

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 > […]

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