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Rising trade deficits = American unemployment America’s only road to economic salvation Often there is profound wisdom in poetry and song – we all should listen to Merle Haggard sing America First. One line goes, “There’s things to be done all over the world, but let’s [...]  “Had he not been nominated for treasury secretary, it’s doubtful that he would have ever paid these taxes.” Senator Byrd
Pinocchio's nose grew as he lied – as did Geithner's WASHINGTON – Timothy Geithner was sworn in Monday night as the nation’s new treasury secretary, shortly after winning confirmation despite personal [...]
John Thain John Thain John Thain, age 53, served as CEO of Merrill Lynch since December 2007. On joining Merrill, Thain received a $15 million signing bonus – the kid was off to a good start. Unfortunately, the same was not true for Merrill – and certainly not true for the [...] Credit U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” according to said New York University Professor Nouriel Roubini, who predicted last year’s economic crisis. “I’ve found that credit losses could peak at a level of $3.6 trillion for U.S. institutions, half of them by [...]
More pesos for your dollar More pesos for your dollar! In the last three months, the Mexican Peso has lost 37% of its value against the U.S. Dollar. Let me rephrase that – in the last three months the dollar gets you 37% more pesos. That means, [...] Obama’s own publication, THE JOB IMPACT OF THE AMERICAN RECOVERY AND REINVESTMENT PLAN, shows only minimal short term gains for his trillion dollar bailout plan. [...] Obama has played the fear card by warning us of dire and long-lasting consequences if Congress doesn’t pump trillions dollars into the national economy. Fear mongering Obama said, “In short, a bad situation could become dramatically worse. Obama is so very very wrong. When you are deep in [...] For want of a nail the shoe was lost. For want of a shoe the horse was lost. For want of a horse the rider was lost. For want of a rider the battle was lost. For want of a battle the kingdom was lost. And all for the want of a horseshoe nail. [...] |
U.S. college debt, nearly $1 trillion, is larger than housing or credit card debt. US healthcare worst, and most expensive.
Infections kill 100,000 patients in hospitals and other clinics in the U.S. every year. Japan’s health-insurance system covers everybody, including illegal aliens. It pays for physical, mental, dental, and long-term care. Japanese are the world’s most prodigious consumers of medical care; they see the doctor about 15 times per year, three times the U.S. norm. They get twice as many prescriptions per capita and three times as many MRI scans. The average hospital stay is 20 nights—four times the U.S. average. Cost: And yet Japan produces all that high-quality care at bargain-basement prices. The aging nation spends about $3,500 per person on health care each year; America burns through $7,400 per person and still leaves millions without coverage. Canadians live three years longer and are healthier than Americans, and the lack of universal health care in the United States may be a factor, researchers say.
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