Salvaging and Growing the U.S. Economy: Moving on with Lessons Learned

Ask most and they will tell you there are two ways to salvage an economy: the revenue side, by way of taxation or fees, or on the the spending side, by way of expenditure reductions. Determining where and how much is the point at which negotiations and compromise get bogged down.

The President re-elect has released his budget for 2013 that the administration believes is fair;  at another time in history the budget would be viewed as pragmatically centrist.… [Read more]

Small Business Saturday

Everyone is concerned about our economy. Fiscal cliffs and what-have-you.

The easiest and best way for all of us to do something RIGHT NOW to help is to support small businesses.

That’s right. Forget the big box stores and the corporate greed, and go local and go small.

When you support small businesses, you put money back in the pockets of the middle class.… [Read more]

Dystopian Economy: The Antithesis of What Benefits All

The Dow Jones Industrial Average is a very general metric one can use to ‘feel out’ stock market performance. Merriam-Webster defines the word “dow” as useful or capable, but the old English dictates ‘having worth’ as the initial utilization of the term. Nasdaq, the second largest stock exchange, is purely the tech market on display; its ebbs and flows reflect trading activity for publicly-traded technology companies.… [Read more]

How Will Obama Handle The Impending Fiscal Cliff Situation?

Now that the dust has settled on the Presidential election (I’m still smiling) things will slowly but surely get back to normal in Washington. Despite recent assurances from House Speaker John Boehner regarding ‘working together’ we can expect more Republican bickering and attempts to derail and stall anything and everything that might just be beneficial to America as a whole.… [Read more]

Time Keeps On Slippin’….

“Fly Like An Eagle“….the lyrics mean as much today as they did when the Steve Miller Band released this song in 1976. The political parties have spoken and their platforms are clear; it is now up to the citizens to decide which party plans to address the needs of the hungry, the elderly, and the homeless…not just the select few at the very top of the economic ladder.… [Read more]

The Deficit – It’s Not What Republicans Want You to Believe

The deafening noise coming from Republicans about the deficit is nothing but a lot of…. noise. Most of these people, especially on the far fringe right, are talking about something that they really do not understand.

Many understand the underlying thought but a picture will help to reinforce the concept. Towards that goal, here is an extremely simplified picture of the economy:

The concept to keep in mind here is that the economy is a network of circulating money.… [Read more]

U.S. Economy Experienced 2% Growth in Third Quarter – Good for Nation, Not for GOP

A report today noted the nation’s recovery is still slow, but the most recent annualised figures for the period ended September 30th reveal that the economy experienced 2% growth — and that growth was more than originally projected.

Increased strength in the housing market and higher consumer spending resulting from a slight increase in consumer spending are contributing factors.… [Read more]

No Production Tax Credit Extension Will Kill Off 37k Jobs, Slow American Innovation

It’s laid out pretty clear in study after study that if the PTC Extension (Production Tax Credit) isn’t passed in Congress, jobs will be in jeopardy. These aren’t imaginary jobs that someone has made up on paper but are jobs that have been built, one by one throughout the country. The United States is facing the oncoming train that wind energy could be damaged by the severe loss of jobs and support with the PTC.… [Read more]

Romney’s “chick binder” mentality will pinch our lady parts

Aside from Mitt Romney’s bird problem – and what went largely unnoticed during the second presidential debate was his sneering jab at the Keystone pipeline, and his accusation that the Obama Administration launched a criminal action against the drilling:  “. . . 20 or 25 birds were killed and brought out a migratory bird act to go after them on a criminal basis” – he’s got a lady parts problem.… [Read more]

Our Herculean President

We loyal lefties have had to endure some hits this go around. From the ACA (“ObamaCare”) without a public option, to necessary bank bailouts with no strings attached, to continued wholesale tax giveaways for the rich and corporate welfare for Exxon/Mobil and the like, to watered down legislation of all varieties, it hasn’t been a perfect ride.… [Read more]