#23 Nov 13, 2011
WASHINGTON -- With the economy in a slump for nearly four years, corporate executives and conservative politicians have repeatedly invoked "uncertainty" as a major barrier to American job-creation. The "uncertainty" jab is a go-to talking point for any congressional Republican looking to tag President Barack Obama as a tax-raising, regulation-obsessed foe of American businesses.
But according to banking data compiled by economic research firm Moebs Services, the uncertainty plaguing the American economy has nothing to do with government regulations or taxes on millionaires. It's an uncertainty driven squarely by consumers and small-businesses who are worried about their short-term financial prospects. And it's been going on since well before Obama took up residence in the White House.
Since the end of 2007, bank customers have pulled over $900 billion out of certificates of deposits at major U.S. banks, parking their money in checking accounts and money market deposit accounts. Banks pay customers interest to park their money in CDs, but pay out next-to-nothing for money market accounts, and still less -- usually nothing -- for checking accounts.
"These are enormous shifts," Moebs Services founder and Chairman Mike Moebs told HuffPost. "We haven't seen stuff like this since the 1930s."
Click on link for the rest of the article.
Since: Nov 11
#24 Nov 13, 2011
Buy your goods from the U.S., not Wal-Mart or Steve Jobs, and by the way, you probably have things at home that were manufactured by people overseas for both of these companies.
Support your local stores instead of letting main street die.
#25 Nov 14, 2011
At this, EVERYONE has items manf. ovrseas. My point exactly. If we are going to turn things around,we need to support American Cos. That said, must be quality at an affordable price - yes, I know it will be more expensive than China. If it lasts longer, then it is a better bargain.
I agree about buying from Church Point businesses. I have noticed in the past few months that Walmart is NOT a better bargain than stores here in CP and therefore, have been purchasing more locally.
This Christmas we should give more gift certificates from local businesses. Everyone needs a hair cut/color, car detailed/repaired, groceries, eat out...
#26 Nov 14, 2011
WASHINGTON -- A "60 Minutes" investigation of stock trading by members of Congress singled out House Speaker John Boehner and former Speaker Nancy Pelosi as having personally profited from investments into companies whose interests were before Congress. The investigation makes a strong case that members of Congress have the ability to profit in the market from non-public information, but in the cases of Boehner and Pelosi the claims made by "60 Minutes" fall short under scrutiny.
Honest graft, as "60 Minutes" calls it, is a serious problem in Washington, with a massive industry called "political intelligence" devoted to digging up inside regulatory and congressional information so traders and companies can take advantage of it.
But by swinging and missing at Boehner and Pelosi, "60 Minutes" undermined its case
Click on link for the rest of the article, worth reading:
Should it be legal for Congress to benefit from insider info received during their time in Congress? HELL NO! How can we expect them to act independently if their own money is at stake? If it is illegal for me or you, then it should be illegal for ALL.
I wonder if Mary L., David V. or Jeff L. will act on this and submit a bill to make if illegal, or will they just play along as usual? This will let the people know what kind of person they sent to Washington (and if they need to fire them).
#27 Nov 15, 2011
WASHINGTON -- Millionaires are receiving billions in taxpayer-funded support every year that helps them pay for everything from child care to bad debts to boats and vacation homes, according to a report released Monday by Sen. Tom Coburn.
People who individually earned more than a million dollars in 2009 even managed to collect a total of nearly $21 million in unemployment insurance.
"From tax write-offs for gambling losses, vacation homes, and luxury yachts to subsidies for their ranches and estates, the government is subsidizing the lifestyles of the rich and famous," wrote Coburn, an Oklahoma Republican, in an accompanying letter. "Multimillionaires are even receiving government checks for not working. This welfare for the well-off -- costing billions of dollars a year -- is being paid for with the taxes of the less fortunate."
Calling the giveaways "sheer Washington stupidity," Coburn detailed in the study more than $30 billion a year that comes out of the U.S. Treasury to aid people who make more than a million a year.
Click here to read the rest of the article:
Why aren't the politicians talking/doing something about this?
#28 Nov 15, 2011
Can Republicans agree to more tax revenue without violating Grover Norquist's no-tax-hike pledge? The surprising answer: Maybe.
With the help of some budget magic, last week's offer by Senate Republicans on the Joint Committee on Deficit Reduction to raise taxes by $250 billion as part of a $1.2 trillion deficit reduction package might not be a technical violation of Norquist's pledge — even if it goes against its spirit.
The key is that Norquist's Americans for Tax Reform pledge appears to leave room for politicians to say they are complying with it even if they are allowing taxes to go up. And with the Bush tax cuts set to expire in 2013, that's potentially a big loophole.
Click here to read the rest of the article:
#29 Nov 15, 2011
WASHINGTON (AP)— Republicans and Democrats are criticizing the U.S. government's development agency for providing aid to Washington's main foreign creditor, China.
The House Foreign Affairs subcommittee on Asia on Tuesday is putting under the microscope a $4 million tranche of proposed assistance, mostly for promoting clean energy.
The panel's chair, Republican Donald Manzullo of Indiana, said the aid would boost the competitiveness of Chinese manufacturers at the expense of U.S. manufacturers.
Democrat Rep. Brad Sherman of California said the U.S. could not afford to provide aid to China, and to think it could was "an insult to the American people."
Nisha Biswal, the assistant administrator for the U.S. Agency for International Development, said the aid supports U.S. values and interests
This is CRAZY? What do you think? Should this money be considered a loan repayment? Again, this is corporate interests - why doesn't Global Corporations pay the bill????
I think we need an audit team to go over ALL money given to other countries and contracts awarded to businesses and weed out the fraud and waste! How about you?
#31 Nov 21, 2011
Here's one more oddball, and wrong, claim that makes the rounds at Christmastime: The Obamas did away with the traditional White House Christmas tree beginning in 2009 in favor of a secular "holiday tree."
Myth of the Obama Holiday Tree Spreads
A widely circulated email reads, in part:
"We have a friend at church who is a very talented artist. For several years she, among many others, has painted ornaments to be hung on the various White House Christmas trees. The WH sends out an invitation to send an ornament and informs the artists of the theme for the year.
"She got her letter from the WH recently. It said that they would not be called Christmas trees this year. They will be called Holiday trees. And, to please not send any ornaments painted with a religious theme."
The myth of the Obama holiday tree is just a bunch of holiday hooey.
The origins of the email are unknown, and thus suspect. The White House has denied ever sending such a letter instructing artists not to send ornaments with religious themes.
How the Obamas Refer to the Tree
The Obamas themselves refer to the tree that adorns the White House Blue Room as a Christmas tree, not a holiday tree.
First Lady Michelle Obama, speaking with the president on his weekly radio address on Dec. 24, 2009, made reference to the White House Christmas tree.
"This is our first Christmas in the White House, and we are so grateful for this extraordinary experience," Mrs. Obama said. "Not far from here, in the Blue Room, is the official White House Christmas tree.
IF THEY CAN GET YOU TO BELIEVE THE "HOLIDAY TREE" MYTH, they can get you to believe anything. Are you that gullible?
#32 Nov 26, 2011
Without Accountability, No Lessons Learned
In a word, the road to Baghdad was paved with "lies". I don't just mean the fictions of "weapons of mass destruction" or of "Saddam's connection with al Qaeda" that were used by the Bush Administration to justify their case for war. In both instances, the White House and its minions throughout the government worked overtime, relying on embellishment, distortion, and outright fabrication to make their arguments for war. What they did in manufacturing and marketing these lies was wrong, both morally and legally.
Click for entire article.
#33 Nov 28, 2011
> State debt per capita:$3,914 (17th highest)
> Pct. without health insurance: 17.8%(10th highest)
> Pct. below poverty line: 17.8%(5th highest)
> Unemployment: 6.9%(13th lowest)
Louisiana remains in our bottom 10 again this year, although it has improved since last year, primarily because of decreases in unemployment and violent crime rate. In all, however, the state ranks poorly in most of the metrics we considered. Louisiana has the fifth-highest poverty rate in the country, the 10th-highest percentage of residents without health insurance coverage and the fifth lowest percentage of adults with a high school diploma.
Read more: Best and Worst Run States in America — An Analysis Of All 50 - 24/7 Wall St. http://247wallst.com/2011/11/28/best-and-wors...
#34 Nov 28, 2011
nothing changes here
#35 Nov 28, 2011
oh look, now I'm in Estonia
#36 Dec 1, 2011
Looks like Congress will finally put a stop to legal insider trading in Congress. This needs to be put into law ASAP!
My question is, why did it take so long?????
I wonder how many of them got richer at a time when the average worker lost their retirement?
#37 Dec 2, 2011
10:12 PM ET
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Obama delivers very Christian message at Christmas tree lighting
By Dan Gilgoff, CNN.com Religion Editor
(CNN)- President Barack Obama delivered an unusually stark Christian message at the White House Christmas tree lighting Thursday night, saying Christ's message "lies at the heart of my Christian faith and that of millions of Americans."
"More than 2,000 years ago, a child was born to two faithful travelers who could find rest only in a stable, among the cattle and the sheep," Obama said at the tree lighting ceremony, a longstanding White House tradition.
"But this was not just any child," Obama continued. "Christ’s birth made the angels rejoice and attracted shepherds and kings from afar. He was a manifestation of God’s love for us."
Obama has been more public and specific about his religious beliefs since polls last year showed that only a minority of Americans know he is Christian. Last Easter, Obama got unusually specific about his beliefs on Christ's resurrection at a White House prayer breakfast.
Some conservative Christian leaders have questioned Obama's Christian faith, even though Obama got his start in politics through church-based political organizing and has written about accepting Jesus in his 20s.
Last month, South Carolina Christian conservative leader Bob Jones III told a reporter “I’ve no reason to think (Obama is) Christian."
“Some people will say whatever they think the politically helpful thing would be,” Jones said.“I say,‘Where is the evidence that he is a Christian?’”
In his remarks at Thursday's tree lighting, Obama said that Jesus "grew up to become a leader with a servant’s heart who taught us a message as simple as it is powerful: that we should love God, and love our neighbor as ourselves."
"So long as the gifts and the parties are happening, it’s important for us to keep in mind the central message of this season," he said, "and keep Christ’s words not only in our thoughts, but also in our deeds."
#39 Dec 4, 2011
Cuious about something.
Over the summer there were reports of knockoffs of Apple products (iphone, ipad)being sold in China.
Would you beable to tell if your iphone or ipad was a knockoff?
Do you trust that the place you bought either from would tell you if they later (after the sale) found out it was a knockoff?
Greed does not come with integrity.
#40 Dec 6, 2011
WASHINGTON -- Corporate America is sitting right on top of the solution to the nation's employment crisis, according to a new report from a group of University of Massachusetts economists.
If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.
"There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis," Robert Pollin, lead author of the report and co-director of the Political Economy Research Institute, said in a statement accompanying the report's release Tuesday.
WHY WOULD THESE CORPORATIONS HOLD AMERICA HOSTAGE? WHAT DO THEY REALLY WANT? Tax payers gave big banks bailout money; maybe should have gone to community banks - mistake?
#41 Dec 11, 2011
Should college be considered a luxury for the 1%?
Shouldn't aptitude be the litmus test for college?
Doctors, lawyers, engineers...do you want someone who only has the money to pay for college or the one who has the brain power?
Education should be a core right (as healthcare) so we place people in their comfort zone. Happy people, happy life = accountability!
#42 Dec 13, 2011
Payroll Tax Cut Extension: GOP Embraces Raising Medicare Premiums On High-Income Retirees
May want to read this one; it might just affect you. Are you paying attention yet? Paul Ryan and Eric Cantor at it again. They want to make certain the Middle Class and Poor pay for everything and then some.
#43 Dec 13, 2011
Congress Investigates 'Lavish' Executive Pay At For-Profit Colleges
"When compared to public and non-profit schools, for-profit companies spend a smaller percentage of their funds on student education, reserving more for marketing, advertising, recruitment and other non education expenses," Cummings said. "Their student success rates are lower, and their students are more likely to default on loans. But their CEOs consistently make much more than their counterparts at public and non-profit schools."
Rich get richer at the expense of student's futures. Education and Medicare should NOT be in the "FOR PROFIT" arena.
#44 Dec 16, 2011
The major contention of Occupy Wall Street -- that America is a country where a tiny slice of the population controls a disproportionate amount of the wealth and power -- appears to be a view shared by a healthy majority of people.
Seventy-seven percent of Americans say that too much power rests in the hands of large corporations and a few wealthy people, according to a poll released Thursday from the Pew Research Center.
The Pew poll doesn't use the language of Occupy Wall Street, which frames the class struggle in America and elsewhere as a face-off between "the 1 percent" and "the 99 percent." But the poll indicates that the Occupy movement's general sentiment is basically mainstream. Sixty-one percent of respondents in the Pew poll said that the U.S. economic system unfairly favors the rich. Fifty-one percent said that Wall Street hurts the economy more than it helps it.
Where do you stand on this issue?
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