Posted by Erick Erickson: Wow. Obama has been touring the nation making sure we know how many jobs he has saved or created. It is looking more and more like he is saving or creating the jobless. Unemployment this morning topped 10.2%, even though the number seeking employment has declined. Many have just given up. […]
Be Prepared for the Worst By Ron Paul Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these […]
by Frank DeMartini I have been a California resident for the past 23 years. During that time, I have seen the best of times and worst of times. Prior to this economic disaster, the only serious recession in those 23 years was in 1991-1992. At that time, myself and many others in similar situations faced […]
Posted by Leon H. Wolf Via USA Today, TARP IG Neil Barofsky has some harsh words for the way the TARP funds have been handled: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to […]
To the Congress: The U.S. Postal Service was established in 1775 – you have had 234 years to get it right; it is broke. Social Security was established in 1935 – you have had 74 years to get it right; it is broke. Fannie Mae was established in 1938 – you have had 71 years […]
Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter – a sign the plague is still spreading. By Les Christie, CNNMoney.com staff writer Last Updated: October 15, 2009: 7:34 AM ET NEW YORK (CNNMoney.com) — Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number […]
CHARLOTTE, N.C. – Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills. The nation’s second-largest bank said it wrote down loans on its books by almost $10 billion during the July-September […]
-By Frosty Wooldridge For 15 years, from the mid 1970s to 1990, I worked in Detroit, Michigan. I watched it descend into the abyss of crime, debauchery, gun play, drugs, school truancy, car-jacking, gangs and human depravity. I watched entire city blocks burned out. I watched graffiti explode on buildings, cars, trucks, buses and school […]
