Is Ireland a preview of the US fiscal crisis?

I spend a lot of time looking at financial blogs as the situation on the economic front portends all sorts of changes from a social and political standpoint.  I think that almost every political or social trend has its genesis in some economic event.  In our world, everything is closely integrated and related.  It always has been but globalization and rapid dissemination of information probably makes this more apparent to many of us. Ireland... Read More

A French Campaign to take down the banksters

It’s increasingly clear that there are two sources of news nowadays; what’s reported in the main stream press and what’s reported in the world of blogs.  I’ve come to trust the blogs more as I just see the mainstream press as being a mere extension of the corporatocracy that seems to rule our nation and most of the world nowadays.  So, if I want to read about Kim Kardashian’s latest escapades (which I could care less about),... Read More

Obama getting some heat on the banks

It seems that Obama is the sort of guy that needs to be made to do the right thing on some things.  I maintain that had Obama had the backbone to play hardball with the banks rather behave as if he were spineless, the recent mid-term debacle could have very well been averted.  As it was, he allowed the crazies to assume a populist stance (a fiction as well) while he was painted as a socialist.  He really needed to take the banks to the mat,... Read More

Why the silence from the tea party lately?

  This is a fair question to ask in light of recent events, particularly in light of the fact that this movement claims it’s all about fiscal restraint.  What I refer to here is the situation of yet another bank bailout; this time our tax money has gone to bail out Greece and the European Union via the International Monetary Fund.  Moreover, our Federal Reserve is setting up more “stealth taxes” by printing up yet more dollars to set up swap... Read More

State of the Union

I just finished listening to Obama’s state of the union speech and this is classic Obama.  He’s an effective and excellent speaker, as he’s always been. As I get past his presentation and look at his positioning, it’s clear that he’s been somewhat chastened by the loss of Ted Kennedy’s seat and will now try to pivot and become a populist.  What we’re really talking about here is perceptions around populism rather than reality as the... Read More

A Thought: African-American banks and moving your money

Anyone who has been reading this blog for awhile knows that my biggest problem with Obama administration and the Federal  Reserve was the Wall Street bailout which was pretty much limited to helping the major money center banks and firms like AIG.  Many of these institutions were at the center of the financial crisis we encountered.  The unpopular policies pursued by our government resulted in the taxpayer being put on the hook for poor management... Read More

The Trauma of Joblessness

This is the single greatest issue facing the nation and Obama. The article below says that most folks are giving him a pass on the unemployment situation, but at some point  Obama is going to own this issue, particularly since large commitments have gone to bail out  Wall Street and to pursue the Afghan war. Neither of those initiatives promise to bear any fruit for the people, but look to extract much in the way of cost. Perhaps it’s due... Read More

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