Comment

Comment by Joan Denoo on January 30, 2013 at 5:20pm

Economy Contracted Unexpectedly in Fourth Quarter

Don't listen to the fast talking broker who wants to sell you some financial products during a downturn ,,, they are not talking to the small business owner or those working for wages or those out of work or those too old or too young or too sick to work. These people don't have extra dollars to invest and take advantage of markets. They, the financial brokers, speak to the top one or ten percent of people who have the bucks and can take advantage of the cheap prices and low interest rates. 

Daddy Warbucks  speaks again! 

Comment by Joan Denoo on January 29, 2013 at 2:19pm

Oh Ye! Consistency! Cognitive dissonance is one weak point of religious. You nailed it Grinning Cat!

Comment by Grinning Cat on January 29, 2013 at 1:27pm

Ideological consistency?

(from Nick Anderson)

Comment by Joan Denoo on January 28, 2013 at 1:09am

“My goal is to cut government in half in twenty-five years.” ~ Grov...

He says this even as the gap between rich and poor grows monthly.He can't get any more money from small businesses and wage earners. He'll have to go for the people with money. 

Comment by Joan Denoo on January 28, 2013 at 12:35am

The good news: "Ohio Senator Sherrod Brown is a strong advocate for breaking up the big banks and is now on the Senate Finance Committee. And Elizabeth Warren, scourge of Wall Street, will sit on the Senate Banking Committee. "

~ Robert Reich

TARP -- the notorious Troubled Assets Relief Program that bailed ou...

Comment by Joan Denoo on January 28, 2013 at 12:29am

Stocks are way over-valued right now, Robert Reich

Get ready for a bumpy ride. I've been here before and it ain't go'n to be pretty. 

Comment by Joan Denoo on January 28, 2013 at 12:22am

Robert Reich doesn't think the current economic "recovery" is susta...

This is what I am reading from others as well and I think they look at the obvious evidence to support this news.
Consumers don't have $ with which to buy.
Banks are not willing to lend.
Employed worried about their jobs.
Median wage dropping further, adjusting for inflation.
Saving for education and retirement more difficult.
Social Security rose from 4/2% to 6.2%, about $100 month.
Stimulus is over.
States cutting jobs and spending.
Fiscal showdown delayed 3 months.

Take a look at what happens in Europe, Japan, China.
Chance of recession for next 18 months is 50%.

Comment by Joan Denoo on January 27, 2013 at 2:32pm

Thanks Sentient, too bad Viet Name ate up the money that could have made a big difference. However, his anti-poverty program reduced the poverty rate by half. Really good for "bombs or butter" disputes.

Comment by Sentient Biped on January 27, 2013 at 1:12pm

Respectfully....  One pres from Texas had his moments.

 

LBJ signing the Civil Rights Act

Comment by Joan Denoo on January 27, 2013 at 1:09pm

“In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.” 
― Matt Taibbi, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That I...

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