An Unfolding Economic Collapse?

  I’ve been on a bit of a hiatus lately due to some work related commitments, but still staying abreast of what’s occurring in the world. The biggest issue we face is the unfolding economic situation and the focus is now revolving around what’s happening in Europe.  What’s occurring is a both a sovereign debt crisis and a banking crisis.  The sovereign debt crisis was spawned largely by the transfers of debts from the banking systems... Read More

Great Recession Leaving Tracks

    At his rented home in Lehigh Acres, James Mould sells items that families in the area tossed out before moving As  the Great Recession/Depression II plays out, it’s leaving tracks almost everywhere imaginable.  How this event impacts any particular person really depends upon how leveraged (indebted) one was and whether or not one was able to retain gainful employment.  Like the Great Depression of the late 1920’s, our current economic... Read More

Obama fires back: Responds to African-American Critics

image Over the past few weeks, Obama has come under intense fire from prominent African Americans ranging from Cornel West to Danny Glover, Jesse Jackson and the Congressional Black Caucus.  The basic complaint is that Obama has ignored the plight of African-Americans and some think that some special dispensation needs to be given as a salve on the wound from the Great Recession.  The general idea is that Obama ascended to the presidency on the... Read More

Debtor's Dilemma: Pay the Mortgage or Walk Away

Well, in the post immediately preceding this one, we see that there are people whose financial situation is such that they have to [The Burning Questions]worry about eating between getting their monthly food stamp allotment.  That’s not the full story of the financial crisis as we’ve another group of people who, while not needing to concern themselves with food stamps, nevertheless seek to place themselves on the government dole... Read More

Midnight in the food-stamp economy

image I read an interesting article from Reuters on the food stamp economy.  Retailers like Costco and Walmart have had to upgrade their point of sale systems to handle food stamp EBT cards.  Clearly, the job situation has driven droves of people onto the public assistance rolls.   Ultimately, people are going to have to come up with solutions of their own to survive the Great Recession as this will be with us for quite some time.  Although I... Read More

Are Blacks Abandoning Obama?

More heat on Obama from prominent African-Americans.  Basically, they’re having a problem with his seemingly lack of empathy for the plight of African-Americans in the Great Recession and the continuation of the policies of George Bush on the foreign and domestic policy fronts.  The article references a state-wide poll in Georgia that reflects a 35% disapproval rating  among African-Americans.   That’s likely an aberration. As to... Read More

Coordinated warning to Obama from African Americans

An op-ed from Dwayne Wickham, a noted African-American columnist.  He’s reporting  on the Congressional Black Caucus’ anger at perceived slights from Obama.  The CBC recently boycotted some legislation to force some spending initiatives for neighborhoods and the unemployed in the districts they represent.  Several prominent African-Americans across the board are going after Obama in a coordinated fashion with the same talking points. They’re... Read More

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