Posts Tagged: economy

Robert Reich Debunks 6 Big GOP Lies About The Economy

Worth watching. The lies are these – (watch the video to see how he debunks them): Tax cuts for the wealthy and corporations will trickle down to benefit the middle class and the poor. Corporations are having higher profits now than we have seen in 35 years. Ratio of profits to wages is higher now

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Made in America

One of the ways we can all help our economy is to look for products made in America, especially in the upcoming Christmas season. Here are some directories to get you started finding products made here in the United States by American workers. Americans Working a Directory of products made in the United States US

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TARP worked, the Stimulus worked

Rachel Maddow crunches the numbers – TARP worked, the stimulus worked, and Health Care is working. The economy is not out of the woods yet – we still need major turn-around on jobs, but we are WAY better than we were in 2008. We are on the right track, and we need to stay there.

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links for 2010-02-21

It’s Not Your Money | Ian Welsh Most people get this, but libertarians seem to have a hard time with it – "It seems like every time I discuss taxation, some libertarian will waltz in and say 'it’s my money and I don’t see why the government should be able to take it.' So let’s

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links for 2010-02-19

Officials: Austin Plane Crash May Be Intentional : NPR And he was a tea bagger railing against the IRS for taking "his" money awa from him. Domestic terrorism. (tags: terrorism teabaggers Texas) The Richest 1% Have Captured America's Wealth | Economy | AlterNet The U.S. already had the highest inequality of wealth in the industrialized

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links for 2010-02-18

Economic Perspectives from Kansas City: Wall Street Still Doesn’t Get It An interesting perspective. Dunno what I think about it yet — "A Wall Streeter buys the life insurance policies of individuals with terminal illnesses, packages them into securities, and profits when the underlying collateral dies. In his most recent movie, Michael Moore documented the

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links for 2010-02-11

CSS3 Hover Tabs without JavaScript « Kamikazemusic.com (tags: css3 webdesign tutorial) Figure Skating: The Olympics' Broken Sport : NPR The prime purpose of the new and unimproved scoring system was to better quantify the various elements in a program — required jumps and spins — so that the famously nefarious judges would have less latitude

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Economic Meltdown Articles of Interest

There are a couple news items about the economy that I found to be tremendously helpful. I’ve linked to them from one or another of my links posts, but it’s very much worth it to pull them out and highlight them, because knowledge is power, and more average people need a really good understanding of

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How the world almost came to an end on Sept. 18th

How a run on Money Market accounts on September 18th almost collapsed the global economy – terrifying stuff that is just coming out now about what the Treasury and Congress were doing behind the scenes. Quoting from Zero Hedge: LiveLeak has caught a scary moment of previously undisclosed insight by Paul Kanjorski where he reveals

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I can has?

I think if he just went to the Capitol like this, those Republicans would get their heads straight pretty quickly. They’re selling these things on eBay for $80.00.

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Rachel Maddow Must-See

If you didn’t catch Friday night’s Rachel Maddow show, take the time to watch it now. What she has to say on the Senate’s vote about the economic stimulus bill is critical.

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In the news

Scary bits in the news, all coming at once. Publisher O’Reilly lays off 14% of it’s staff – 30 of 222 employees. Indianapolis insurer Wellpoint lays off 600 people. Circuit City closes and liquidates remaining stores. Citigroup reports $8.29 billion loss; twice as much as expected. Bank of America Posts Quarterly Loss After Bailout Lots

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Mixed emotions

So many reasons to be happy, and yet… California and Prop 8 is still to close to call. And as the NY Times explains — “Ban-gay-marriage amendments were approved in Arizona and Florida, and gay rights forces suffered a loss in Arkansas, where voters approved a measure banning unmarried couples from serving as adoptive or

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CNN: Money Fact check: Plumber Joe’s taxes

According to CNN Money small business owners will not see an increase in taxes. McCain has entrepreneurs spooked about tax hikes, but fewer than 2% of small business owners would pay more under Obama’s plan. … Should small business owners fear for their wallets if Obama is elected? Not the vast majority, business and tax

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The Debate in 90 Seconds

The few things that jumped out at me — John McCain does “air quotes” while talking about the health of the mother in emergency abortion situations — so apparently the health of the mother is irrelevant? Wow. So let me get the Republican position straight here — when I get raped, I’ll be forced to

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More than just the last couple weeks

Over the weekend, we got caught up on watching our saved Rachel Maddow shows — one thing that struck me was than when she interviewed Pat Buchanan, he keep going to the same talking point — “McCain is suffering in the polls over the last three weeks because of the economy taking a nose dive!”

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The American Dream

Reading this article today on what the AIG executives did after the nation bailed out their company nearly made me throw up with anger: Have you heard of anything more outrageous – a week after taxpayers commit $85 billion dollars to rescue AIG, the company’s leading insurance executives spend hundreds of thousands of dollars at

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Some economic legislation IS needed

I know I spoke out against bailing out greedy rich Wall Street investors last week, and I still feel that way. But even at that time, I understood that some sort of financial intervention into the economy needed to happen — preferably one that helps the middle and lower classes. I sort of assumed that

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Republicans derail talks with infighting

I want to hear a debate tonight. If McCain flew to Washington to fuck up talks about the bailout and to drag Obama into the weeds with him, he better stand up in front of me and explain himself. If if he’s too much of a chicken to do so, then Obama should appear without

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I heard the news today, oh boy…

I’ve tried numerous times to stop blogging about political matters. I’m not any sort of expert on them, and they do make me frazzled in a way that isn’t always healthy. There are lots of cool things going on in our lives that I should be talking about instead. But like many people I know,

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Barack Obama on the Economy

Candidate Obama addresses what’s happened in the last few days. Every time I hear him speak, I think this guy is the most presidential guy I’ve seen in years. Does Barack need to suspend the campaign and return home? Here’s an astute analysis from metafilter: This is entirely needless. Yes, they’re both Senators, but that

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Rachel Maddow on the Bailout

My favorite part of this is the Bush quote “now is not the time to be partisan. We need to come together…” I disagree. I think this is a GREAT time to be partisan. The best possible time, actually. The Republicans FUCKED UP. There’s just no other way to see this. The fuck-ups don’t get

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Clinton on the Administration’s Proposal to Restore Stability to U.S. Financial Markets

Statement of Senator Hillary Rodham Clinton on the Administration’s Proposal to Restore Stability to U.S. Financial Markets WASHINGTON, DC – Senator Hillary Rodham Clinton made the following statement on the administration’s proposal to restore stability to U.S. financial markets. “When the American people, facing a foreclosure crisis and struggling economy, turned to this administration for

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To Middle Class, Economic Crisis isn’t News

Barack Obama outlines exactly what he wants to do to fix the economy. You can read more about his plan here. Transcript of the Video: In the past few weeks, Wall Street’s been rocked as banks closed and markets tumbled. But for many of you — the people I’ve met in town halls, backyards and

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Unemployment climbs to 5-year high of 6.1 percent

According to the Associated Press: By JEANNINE AVERSA – 1 day ago WASHINGTON (AP) — The nation’s unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years — and it’s likely to go even higher in the months ahead, possibly throwing the economy into a tailspin

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Exxon has record profit again on soaring oil prices

From Reuters: NEW YORK (Reuters) – Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company. Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share,

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It’s a class war, stupid

If you only read one article about the 2008 election, make it this one – Matt Taibbi’s “It’s a Class War, Stupid” in Rolling Stone this month. Taibbi’s article about the looming economic depression (yeah, you read that right – I didn’t say recession, I said depression) is spot on… and the mainstream media is

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Anecdotal Evidence

People I know who have either been laid off or are on the verge of having it happen, or who are otherwise struggling financially: 8 Yes, that would be 8. Eight. There’s no way you can tell me we’re not in a recession. And I’m frustrated with anyone thinking about voting in more of the

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Stuff we could have bought with Iraq War money

Courtesy my friend Lori — this link to Something Awful’s list of stuff we could have purchased with the money we’ve spend blowing the crap out of Iraq. Like…. 454 of the Tallest Building in the United States more than 80,000 of the world’s biggest truck 156,250 episodes of Arrested Development 298,412,466 Sony Wega 23″

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