THE DEMON ECONOMIST OF MAIDA VALE; ARE 800 YARDS ENOUGH TO KEEP AMERICA FROM DEVOLVING INTO 3RD WORLD MEDIOCRITY?

America cannot stomach the bare facts of economics. What goes up must trough at some point, level, and then rise again ... these must be tax cuts for small businesses and relief for Americans who are threatened with foreclosure ... of debt that by itself could doom the US economy. Most importantly, it must put people who wish [more...]

Date: 2009-01-09 21:59:00

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Scary: Obama’s “Economic Stimulus” Spending May Reach As High As $1 Trillion, Over 5% Of The GDP

To put that into perspective, American defense spending has averaged 5.5% of GDP over the last 45 years. NEW YORK (Reuters) ... is. And even if Obama comes out with legitimate tax relief, is blowing up our already exploded ... to do the same thing) but rather a lack of liquidity. Americans have a lot of debt, and credit pools [more...]

Date: 2008-12-14 19:15:18

Is this what we call change?

USA Today reports that many states despite shortfalls in revenues due to the recession and decreased property taxes are still spending like it was 1999: Last week, President-elect Barack Obama promised “immediate relief” to “help struggling ... money to go around.  While inflation is currently not a concern, it will be as American debt [more...]

Date: 2009-01-15 13:57:32

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