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If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is worse than any time since the Great Depression. I...
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Although this story doesn’t quite qualify for “No honor amongst thieves,” it does say something about Geithner. I suspect he will be thrown under the bus shortly, perhaps also with Bernanke. Bernanke is more difficult because of the political assault on the independence/privacy of the...
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Does Obama Administration Have Less Business Experience? | Share | (no tags) Yesterday 1:55 PM | pk | Paul Kedrosky’s Infectious Greed Does the Obama Administration have less business experience? According to some semi-whimsical (I think) research in a new J.P. Morgan report that would seem to...
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Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the well for more, with no end in sight. Bloomberg has a summary of the results here . FNM was the organization that couldn’t do accounting properly...
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“By one measure, the government already plays an outsize role in our so-called free-market economy —and it has little to do with the recession. Economist Gary Shilling has calculated that 58 percent of the population is dependent on the government for “major parts of their income”...
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“We stand on the brink of a financial challenge of unprecedented magnitude in the history of this state,” he added. “This is a historic moment. We’re going to have to make historic decisions.” This language could have come from the most of the leaders of state and/or local...
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Poverty is a topic that we often hear about, yet I don't believe many of us have ever truly experienced it. I am writing about poverty based on my knowledge and without claiming that I have done research on actual statistics. No, I won't be telling you how many poor people are in the world and...
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Looking back at my childhood in communist Romania I remember the respect towards authority that was instilled in all of us. Yes, I grew up in a system where the authority was always above everyone else, they were never wrong no matter the circumstance and we had the right to keep our mouth shut and never...
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A short blurb in today's (10/27/09) Wall Street Journal stated that home prices rose in most major American cities in August. This is cited as evidence of a recovering economy. But what does this mean and is it something we really want? Perhaps you've noticed that prices at the pump are going...
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I`d like to see how conservatives can figure out how to bitch about Obama`s new executive order . From WaPo on Monday (Juliet Eilerin) The federal government will require each agency to measure its greenhouse-gas emissions for the first time and set targets to reduce them by 2020, under an executive...
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I was looking over my posts the other day and said to myself, "Futbol Guru, you sure have become cynical." So I've been thinking about my attitude and trying to decide if I'm being fair or if I've gotten into a rut. Well it's always possible to focus on doom and gloom. My lovely...
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We tend to forget that government, politics, and economics are not the same thing. The word politics and the phrase political party don’t even occur in the U.S. Constitution or the Bill of Rights. Nor is the word economy even implied in either of these documents. In fact, George Washington, the...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Mon, Feb 23 2009
Filed under:
Filed under: capitalism, government, politics, greed, selfishness, nepotism, free market, materialism, hedonism, economics
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They say things come to you in the shower. That doesn’t usually happen with me. More often, during the act of climbing into bed. Then I have to get up and write the idea down, for experience has taught me if I don’t write it down, no matter how Earth-shattering the thought, it will be gone...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Fri, Feb 6 2009
Filed under:
Filed under: Bail out, Bailout, socialism, economy, Communism, capitalism, government, retirement, feudalism, greed, mutual fund, FICA, taxes, Social Security, stock market, swindle, 401K, swindler
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AMC. American Motors Corporation. Does anybody remember that one? They actually made some pretty cool cars. The Javelin and AMX come to mind. Forward thinking for the time, the AMX was a two-seat sports car with a 401 C.I.D. engine. Fast, good-handling. It actually competed well with GTOs, Camaros, Mustangs...
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It has become unfashionable in some circles to speak out against the rich. Of course it is a hobby on the left, and it is not at all uncommon for a wealthy congressman or actor to rail against excess, such as former South Carolina Senator Ernest Hollings’, famous statement that, “There’s...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Thu, Jan 1 2009
Filed under:
Filed under: Bail out, Bailout, fraud, socialism, theft, corruption, Communism, toxic loans, mortage crisis, capitalism, fascism, government