The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit." [View news story]
Regardless of who's to blame (which is everyone,) WHO THE HECK KEEPS GIVING THIS GUY A MICROPHONE?
I love the Jedi mind tricks the Fed keeps trying to pull. News-There are less loans available. The Fed-"No there are more..." News-All this printing of money will lead to inflation. The Fed-"What is this inflation you speak of..."
Dodd-Frank financial reform has produced some 3.3M words, or more than 3,500 8.5x11 pages - yet 62% of the rules the new law requires haven't even been proposed. By attempting to dismantle it, Paul Krugman believes that Republicans are "doing everything they can to ensure that there will be even bigger bailouts in years to come." [View news story]
ROTF!! Second best thing I've heard all day Stoploss, thank you. First is Bin Laden being raped in hell by 10,000 horny gay men, of course..
The biggest brawl in D.C. isn't the budget battle; it's the proposed regulations over debit card fees. HuffPo's Zach Carter's description of the slugfest between the banking and retail industries mostly exposes how "Washington doesn't work." For Yves Smith, the "ugly spectacle... is compelling proof of the need to regulate financial services firms as utilities." [View news story]
You won't read any argument from me on any of those points. I agree my friend. Let's add reality TV as the new opiate of the masses.
The biggest brawl in D.C. isn't the budget battle; it's the proposed regulations over debit card fees. HuffPo's Zach Carter's description of the slugfest between the banking and retail industries mostly exposes how "Washington doesn't work." For Yves Smith, the "ugly spectacle... is compelling proof of the need to regulate financial services firms as utilities." [View news story]
Educating the masses is absolutely the answer, cbc! Unfortunately, as long as teachers unions and dems have a shared interest in bigger gov't they'll keep teaching what the school board and union leaders tell them to teach, which doesn't include any type of basic, non-political economics, apparently.
The biggest brawl in D.C. isn't the budget battle; it's the proposed regulations over debit card fees. HuffPo's Zach Carter's description of the slugfest between the banking and retail industries mostly exposes how "Washington doesn't work." For Yves Smith, the "ugly spectacle... is compelling proof of the need to regulate financial services firms as utilities." [View news story]
Rising gas prices is a "very bad development" but "the Fed can't create more oil, we don't control the growth rates of emerging-market economies," says the Fed chair in response to a question about high gas prices. [View news story]
How about we start allowing the drilling to start again?! No, that couldn't possibly help lower the prices at all... No... Supply and demand mean nothing in DC. Bunch of ridiculous political posturing.
As Bashar Assad steps up military action against his people, the U.S. warns American citizens to leave Syria. In addition to stepping up the rhetoric against the crackdown, the Obama administration is considering financial sanctions against Syria. [View news story]
Maybe if Assad and his wife were voting in the next election he'd give a crap about them.
If America's budget crisis really is that serious, "shouldn’t we be raising taxes, not cutting them?" Paul Krugman asks. "How we go about stemming the tide of red ink is... a choice - and by making tax increases part of the solution, we can avoid savaging the poor and undermining the security of the middle class." [View news story]
Interesting how raising taxes is always the solution over cutting spending. How will taking money away from people ever increase security? And the middle class are always the ones left holding the bag when the well connected skirt the new taxes. Bad choice again Mr Krugman. Class warfare is not the answer.
The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit." [View news story]
Banks are more willing to make loans to consumers than anytime in the last 17 years, according to a new Fed survey, apparently contradicting reports that lending has remained stagnant or is still contracting at most U.S. banks. Bad loans such as non-performing mortgages are "clogging the arteries of the financial system," ex-Fed official Vince Reinhardt says. [View news story]
News-There are less loans available. The Fed-"No there are more..."
News-All this printing of money will lead to inflation. The Fed-"What is this inflation you speak of..."
Dodd-Frank financial reform has produced some 3.3M words, or more than 3,500 8.5x11 pages - yet 62% of the rules the new law requires haven't even been proposed. By attempting to dismantle it, Paul Krugman believes that Republicans are "doing everything they can to ensure that there will be even bigger bailouts in years to come." [View news story]
First is Bin Laden being raped in hell by 10,000 horny gay men, of course..
The biggest brawl in D.C. isn't the budget battle; it's the proposed regulations over debit card fees. HuffPo's Zach Carter's description of the slugfest between the banking and retail industries mostly exposes how "Washington doesn't work." For Yves Smith, the "ugly spectacle... is compelling proof of the need to regulate financial services firms as utilities." [View news story]
The biggest brawl in D.C. isn't the budget battle; it's the proposed regulations over debit card fees. HuffPo's Zach Carter's description of the slugfest between the banking and retail industries mostly exposes how "Washington doesn't work." For Yves Smith, the "ugly spectacle... is compelling proof of the need to regulate financial services firms as utilities." [View news story]
The biggest brawl in D.C. isn't the budget battle; it's the proposed regulations over debit card fees. HuffPo's Zach Carter's description of the slugfest between the banking and retail industries mostly exposes how "Washington doesn't work." For Yves Smith, the "ugly spectacle... is compelling proof of the need to regulate financial services firms as utilities." [View news story]
Rising gas prices is a "very bad development" but "the Fed can't create more oil, we don't control the growth rates of emerging-market economies," says the Fed chair in response to a question about high gas prices. [View news story]
As Bashar Assad steps up military action against his people, the U.S. warns American citizens to leave Syria. In addition to stepping up the rhetoric against the crackdown, the Obama administration is considering financial sanctions against Syria. [View news story]
If America's budget crisis really is that serious, "shouldn’t we be raising taxes, not cutting them?" Paul Krugman asks. "How we go about stemming the tide of red ink is... a choice - and by making tax increases part of the solution, we can avoid savaging the poor and undermining the security of the middle class." [View news story]