Category

The Economy

Barack Obama Gets His FDR On
Barack Obama, Political News, President Obama, The Economy
11.22.08 | Permalink | Comment?

Barack Obama has announced via YouTube that his economic recovery plan will create 2.5M jobs for U.S. Americans over the next two years. He says the majority of jobs will be related to children’s education, infrastructure, and alternative energies.
Our question is…when FDR did his Fireside Chats, did people back in the 1930’s say to themselves, [...]
Senate Passes Emergency Economic Stabilization Bill…A Really Sweet, Sweet Bill
Economics, The Economy
10.02.08 | Permalink | Comment?

Come on.
Just when you thought Congress was going to get together and do the right thing, they pass the Emergency Economic Stabilization bill loaded with sweeteners, which is a nice way of saying, “pork.”
Some of our favorite provisions:
SECTION 503: Exemption from excise tax for certain wooden arrows designed for
use by children.
And then there is:
SECTION 325: [...]
Hey, Maybe It Was the Democrats’ Fault
Economics, Nancy Pelosi, Political News, The Economy
09.30.08 | Permalink | Comment?

We love playing the blame game and pointing fingers. Like much of U.S. America, nothing is our fault and we take no responsibility for our actions.
Apparently the Democrats are just like us too.
Here’s a great video of Congressional hearings back in 2004 where Democrats are defending the policies of Fannie Mae and Freddie Mac. The [...]
Wow House Republicans Are Very Sensitive
Political News, The Economy
09.30.08 | Permalink | Comment?

Let’s see. The nation is facing the worst financial crisis we’ve seen since The Great Depression. Everyone agrees action must be taken, even if said action is not something you really want to do. Your President, your Presidential nominee, and most of your leadership have said (paraphrasing), “You know, this pretty much sucks but it’s [...]
So It Was Pelosi’s Fault (VIDEO: Nancy Pelosi’s Bailout Speech)
Barney Frank, Economics, Nancy Pelosi, Political News, The Economy
09.29.08 | Permalink | 1 Comment

So in a strikingly bi-partisan atmosphere in passing the bailout bill and saving our economy, looks like House Speaker Nancy Pelosi single-handidly sunk it with this…well…highly partisan speech.
House Minority Leader John Boehner blamed it on the Speaker: “We put everything we had into getting the votes to get there today, but the Speaker had to [...]
Uh Oh.
Political News, The Economy
09.29.08 | Permalink | Comment?

Drink up. We’re all going to need it.
So the economic bailout package was 86′d in Congress by a 228 to 205 vote and the Dow fell a record bazillion points.
While we’re no math majors, those numbers don’t add up very well for the U.S. American economy in the near future.
Rep. Barney Frank (D-Mass.) said that [...]

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