JAAG

This Recession Will Be Neither Short Nor Shallow

Great article, the economy suffers everytime we have 8 years of supply-side economics from the republican party; compare it against the demand-side economics of Clinton= HUGE DIFFERENCE.
It is estimated that 70% of our economy is comprised by consumers (mainly those with incomes less than $99,000) therefore, let's take care of these group via taxes and the economy will cruise. For those idiots we call business analysts at FOX, CNBC, CNN etc... a tax cut for this income group (< $99,000 aprox.) equals profits for all companies, and wall street. It is main street that fuels wall street not the other way around.

Good Luck, BofA [Housing Tracker]

Newsflash!!!! Predatory lending ilegal, giving loans without checking incomes irresponsable and so on .... If all these mortgage companies did everything in a responsible manner, why the credit crunch??? Wake up people.

Good Luck, BofA [Housing Tracker]

I am not sure about Bac being a buy; I predict a wave of lawsuits against them because of countrywide previous practices. Florida already file a lawsuit and there are more to come. I never liked the idea of acquiring countrywide but it is going to be entertaining.

Obama's Misguided Ethanol Policy

Longoil that problem is that you dont get it either!!! It is pathetic that the US still using oil as the main source of energy. Brazil is leading the world on ethanol production that tells me that the US could have developed ethanol or solar technologies 20 years ago!!! But this country is directed by big business (oil, pharmaceuticals, etc..) and wall street, this is the wrong way, period. Obviously, corn is not the best solution but is better than depending on the middle east. I suggest we follow Brazil and develop sugar cane either by growing it here or requesting it from Latin America they would supply sugar cane all day long; then, we can have GM build those cars they built in Brazil that run on ethanol and/or oil. Furthermore, we should harness solar power afterall it is free !!! and will not be depleted like oil will eventually. Only idiots think that drilling for more oil is the solution, no matter what it will be depleted !!! Lets find a long term solution trust me the sun is not going anywhere; if we lead with solar technology, we will not need to fight wars in the middle east not to mention that terrorism will lose most of its funding that comes mostly from oil. Do you see the irony? our national security has been sold out to the oil companies; if we had solar or ethanol technologies we would not be in Irak (sorry mr cheney, Haliburton would not quintuple its stock value, by the way how much stock do you own? how much money have you made? ) The notion that India and China are increasing oil prices is just ridiculous, as though these two countries just came into the picture yesterday... newsflash they have been growing at an tremendous pace in the last 20 years but in 2008 they drive the prices of oil to $140? wow fascinating!!!