I caught a program over the weekend on the History channel that compared our current economic condition to teh Gread Depression. The show made a case for the current government involvement in the economy (bailouts) by referencing the lack of government involvement in the early days of the Depression. I tend to disagree with this [...]
Continue Reading...Yes, that’s right, for the second time in the last few weeks, we see the headline “New unemployment claims surge unexpectedly“. Could someone please explain to me what is so unexpected about this? The economy is in the toilet and we’re in a recession. I thought this was a given. Everyday we see more headlines [...]
Continue Reading...I’ve always felt funny about the use “czar” in US politics. The word is rooted in ancient Rome when the emperors took Julius’ name to signify their stature. The name was reused in the form of tsar (czar) in Russia to denote their emperors. So needless to say a name used to signify imperial rule [...]
Continue Reading...There is no doubt that as a country we are heading into dangerous economic waters. Free economy is falling to the wayside as companies line up for bailouts and the government is more than willing to hand them out. The big question for me is what kind of economy is this creating and what kind [...]
Continue Reading...It looks like the US automaker bigwigs learn fast that you don’t show up for the welfare line in an Armani suit. It’s a shame that they don’t learn how to run automobile companies so fast. It seems almost days ago that they few into Washington in their private jets with tin cans extended, begging [...]
Continue Reading...It was only last week that I posted about the auto executives flying to Washington in their private jets to beg for taxpayer bailout money. I guess the jets were indeed owned by the auto companies as GM has now decied to sell two in their fleet of jets. Either way, politicians in Washington were [...]
Continue Reading...For anyone who is still unclear why we are in a financial crisis, the Mint has created an excellent visual guide to the crisis. It’s a nice little… er… long flow chart that does a good job of trying to untangle the web that has lead to government bailouts, crashing stock markets, company failures, and [...]
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