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Terry330

Terry330
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  • When the three-month moving average of the Chicago Fed's National Activity Index moves below -0.70 following a period of economic expansion, there is an increasing likelihood that a recession has begun. The latest reading: -0.60.  [View news story]
    The US never recovered from record unemployment and 40% drop in stocks under W. Bush.
    Jul 27 11:02 AM | Likes Like |Link to Comment
  • President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue.  [View news story]
    I've never been so proud of our President. Excellent press conference­.
    Jul 22 06:58 PM | 8 Likes Like |Link to Comment
  • Ronald Reagan on the debt ceiling: "Unfortunately, Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar."  [View news story]
    If you check any federal debt charts, you can see a move up under Reagan, he was a big spender and tax cuter like W. Bush. The only time the debt went down was under Clinton.
    Jul 21 06:29 PM | 8 Likes Like |Link to Comment
  • Apple (AAPL +0.5%) has accumulated $76B in cash, and investors are starting to ask what it intends to do with the hoard. Apple's longtime policy is that it wants to be ready for strategic opportunities, but this is "a level of cash that's preposterous by any metric," and the company, which has no debt, could easily borrow money at low rates to make a large acquisition, an analyst says.  [View news story]
    Donate some money to President Obama reelection,after all he has made the company very profitable.
    Jul 21 11:23 AM | 2 Likes Like |Link to Comment
  • How much veracity is there in Rupert Murdoch's testimony? First he said he would seldom speak to the NOTW editors and then said it would be once a month. But Piers Morgan, a former editor at the paper, tweets that "Rupert called me every week for 18ms on News of the World." (previous)  [View news story]
    Any conservative today is a lying dog, just watch Fake News. You don't get wealthy telling the truth.
    Jul 19 12:51 PM | 1 Like Like |Link to Comment
  • In yesterday's conference call with investors, Steve Wynn (WYNN) said he wants to boost hiring for his Las Vegas operations, but the government is standing in his way: “This administration is the greatest wet blanket to business, progress and job creation in my lifetime... [Businesses are] frightened to death of the weird political philosophy of the President of the United States.”  [View news story]
    Yes Steve the government says you must pay minimum wage.
    Jul 19 10:34 AM | 2 Likes Like |Link to Comment
  • No one should be surprised by the "extremism and irresponsibility" exhibited among Republicans during the debt ceiling talks, according to Paul Krugman. There has been no price to pay for the GOP's "tax-cut fanaticism," or "to show any kind of responsibility, or even rationality... If you’re surprised, that means that you were part of the problem."  [View news story]
    Krugman is a important balance to Conservatives who dominant the cable news channels.
    Jul 15 07:06 PM | 2 Likes Like |Link to Comment
  • Maybe this will be one less thing to replace around the house: The House approves a provision to save the 100-watt incandescent light bulb for at least a year. Legislation passed in 2007 would have effectively pushed the traditional bulbs off store shelves, starting with the 100-watt version next year.  [View news story]
    This just brings to a point the extreme republicans in Washington. Conservativies are the worst.
    Jul 15 06:14 PM | 1 Like Like |Link to Comment
  • The News Corp. (NWS) hacking scandal claims another executive as veteran Dow Jones CEO Les Hinton steps down. (WSJ) (Earlier: Rebekah Brooks resigns)  [View news story]
    The entire News Corp/Fox News is a criminal organization, ever watch any of there programs?
    Jul 15 04:15 PM | 1 Like Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    Kark Rove laid out how the federal government can pay its bills in August. He can pay seniors,me­dicare,the military. tax refunds, military contractor­s, veterans, and most unemployme­nt, including interest and some of the debt due.

    What he cannot pay for is Customs and Immigratio­n, air traffic controller­s, the Federal Reserve, Treasury, or State Department­, Whitehouse­, Congress or the Federal Courts, and the Ag Department­. What does this mean?

    Airports will stop (no air traffic controller­s, no TSA)
    all land and sea ports will stop (no customs and immigratio­n) which means no oil, no auto parts, no imports.

    This will stop virtually all commerce in the US. No Autos to be made (2M layoffs), No food being inspected (No goods at your grocery store), No Oil imported (gas prices will skyrocket)­.

    Without the Federal Reserve and the treasury department­, Credit will dry up and most likely banks will shutdown. Your insured savings are not insured because there is no one at the FDIC to pay or process claims. Banks will run out of cash, Credit will be nonexistan­t.

    This is Karl Rove's plan. I think it was well thought out.
    Jul 14 06:27 PM | 3 Likes Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    The 45% of Americans who pay no federal taxes, but pay sales tax,property tax, SS-Medicare tax are the ones working non-union jobs after Conservatives moves there jobs to china so they could get a tax break and pay record low federal taxes.
    Jul 14 06:24 PM | 3 Likes Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    Help DEFEAT the Middle Class! . . . Vote Republican­!
    Jul 14 06:20 PM | 4 Likes Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    Wealthy tell us evoneone must sacrifice, but not them. Five decades of tax cuts must be extended.
    Jul 14 06:16 PM | 4 Likes Like |Link to Comment
  • Recent polls suggest that Americans are willing to accept some increase in taxes to reduce the deficit, Bruce Bartlett writes. Republicans, take heed.  [View news story]
    W. Bush raised federal debt 7 times. Who will pay for his party's two trillion in debt for wars and other borrowed spending?
    Jul 14 06:06 PM | 3 Likes Like |Link to Comment
  • It's time for the U.S. to prosecute News Corp. (NWS), says Eliot Spitzer, and strip TV licenses if it's guilty - because how likely is it that the company's overseas misdeeds stopped at the water's edge? The U.S. has been aggressive on the Foreign Corrupt Practices Act and needs to step up, if the British government has been even a little bit captured by NWS. (Murdoch drops BSkyB bid)  [View news story]
    the best outcome would be Fake News lose there US license for 18 months. turn network into another HSN.
    Jul 13 07:33 PM | 2 Likes Like |Link to Comment
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