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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 rebuild America first.” Think [...] “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 tax lapses that [...] 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 American taxpayer.
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 banks and broker [...] 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, if you have dollars, everything [...] 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 [...] 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 debt, you don’t rectify [...] For want of a nail the shoe was lost. The cause of the current [...] |
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