Why The Biggest Risk To The Economy Is A Strong Recovery
Concerns about the current economic mess turning into another Great Depression seem to have faded. The consensus view of government officials and private economists seems to be that the economy, although still fragile, is well on its [...]
Census Bureau Report Portrays Destruction Of The American Dream
It Already Is A Depression For Many
The latest report from the Census Bureau on income, poverty and health insurance coverage portrays a darkening economic picture for millions of Americans. Incomes and living standards fell without regard to [...]
Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation?
Excluding the depression of the 1930’s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs 9.4% [...]
If You Buy A Lottery Ticket In Connecticut Don’t Go On Vacation
Living Beyond Your Means
Connecticut is facing a projected $8 billion dollar plus deficit over the next two years. In an attempt to prevent raising taxes which are already among the highest in the nation, Connecticut is following [...]
Super Clunkers - How Congress Can Double US Vehicle Sales
Clash for Clunkers Increases Car Sales
The much maligned Cash For Clunkers program has three remarkable features that differentiate it from the other wide assortment of endless government stimulus/bailout programs.
1. The Cash For Clunkers program, at an initial [...]
How The Government Encourages “Ruthless Defaulters”
The Delusion of Lenders
The old banking rule of lending only to those who had the capacity to repay was gradually relaxed and then completely abandoned over the past two decades.
New techniques such as loan securitization spread the [...]
The Perfect Health Care Plan For The Legendary 46 Million
Another Government Solution At Zero Cost
Congress has been working hard lately as one trillion dollar legislative decree after another has “solved” the banking crisis, the global warming crisis and the foreclosure crisis. In between all of this, [...]
Obama - 40 more years!
For all of those worried about tax increases, slow economic growth and rapidly expanding deficits, I have one word - relax. Consider the following comments made by the President today.
Obama Says Robust Growth Will Prevent Tax Increases
June [...]
The Cost Of Easy Money - $14 Trillion and Counting
Supervisory Insights - Where The Money Went
The FDIC released their Supervisory Insights report today which contains a detailed breakdown of the almost $14 trillion dollars committed by the Government to support the financial system over the past [...]
