Submitted by fake consultant on Fri, 02/18/2011 - 4:50am
We have spent the past two years watching as insanity has gripped Congress, and even more so with Republicans now running the House.
We have a wavering President, far too many feckless Democrats, and Republicans that have decided to dive headfirst into total “insane mode” in a full-blown effort to destroy this country just as fast as possible.
To give but one example, in my own District, WA-08, we are represented by the absolutely useless Republican Dave Reichert, whose best-known legislative achievement is that he has virtually no record of any legislative achievement whatever.
Now we’ve had a very interesting relationship, you and I, over these past few years; in my efforts to “bring you the story” I’ve been a fake political consultant, a fake lobbyist, even a fake historian…and now, I think it’s time to try to bring our relationship to a new level.
And that’s why, America, I’m announcing my fake candidacy for Congress.
If anyone needed evidence that the Great Recession is still reverberating through the economy, consider the situation state legislatures face as they come into session this month.
Put together, states have a collective $160 billion budget shortfall for the current fiscal year. And some states are doing much worse than others: 10 have budget shortfalls of at least $2.5 billion, according to the Center for Budget and Policy Priorities, including Florida ($2.5+ billion), North Carolina ($3+ billion) and Texas ($10+ billion).
Submitted by southernstudies on Fri, 12/03/2010 - 2:39pm
Yesterday the Interior Department announced an updated strategy for offshore oil and gas leasing that bans drilling in federal waters off the Atlantic Coast and the Eastern Gulf of Mexico for the next seven years.
Submitted by fake consultant on Tue, 11/16/2010 - 12:03am
Over the course of the past couple of weeks we’ve been talking about how the War On Social Security was about to get under way and what happens when countries choose to privatize their systems.
Today we take on another bite-sized chunk of economic analysis: how can you get to a situation where Social Security is financially stable for the next 75 years?
We’ll describe some proposals that are out there—but the big focus of this conversation will be to look at one change that, all by itself, could not only solve the entire funding problem, but could actually allow us to lower the Social Security tax rate, immediately, and still achieve fiscal balance.
“Well, if that’s such a bright idea” you might ask, “why haven’t we adopted it already?”
That’s a great question—and after you hear the proposal, you may well have explanations of your own.
Submitted by Anonymous on Thu, 10/21/2010 - 10:39am
The biggest bank in the US, Bank of America has said it will restart legal proceedings to repossess 102,000 homes. The lender had stopped its foreclosure process earlier this month after it emerged that thousands of cases may have been mishandled. The bank said it would restart proceedings in 23 states. It is continuing an internal review of cases in the other 27 states, but said it expected fewer than 30,000 foreclosures to be seriously delayed. The bank spokesman said that as was the case for our judicial state review, our initial assessment findings show the basis for our foreclosure decisions is accurate. The news was greeted well by markets, with Bank of America's and JP Morgan's share prices rising 2.9% and 2.4% respectively by the close of trading on Monday. JP Morgan also suspended its foreclosures this month for similar reasons.
Competition. It drives our economy, pushes us to be better, and is a cornerstone of the American Dream. Right now, many people in Wake County are engaged in the fight of their lives. We're competing for jobs and opportunities. We're doing our best to make sure that we're not the first generation that makes things harder on the next.
My father lost his father in the Spanish influenza epidemic in 1918. His mother remarried and his mother and step-dad used the proceeds of a insurance policy, left to my then infant father by his father, to purchase a house. During the depression they took in boarders ($5 a week room and board) and his step father tried to find work in his trade - carpentry. The step-dad built a tool chest on wheels and was often gone for weeks at a time pulling his cart and looking for work. Finally, it was too much for him and he took his own life ... leaving behind an insurance policy to repay my then @ 12 year-old dad. It was a bitter time. Folks who lived through it have never forgotten.
I'm not trained in economics. I'm not sure what the future holds. But the signs are troubling and getting worse rather than better...in my opinion.
Submitted by wade norris on Thu, 05/06/2010 - 7:20pm
Think about this, what if this oil spill, as tragic as it is, provides us with the wake up call about how we power our world? My first thought when the spill happened was, what if we had not gotten rid of the electric car of the 1990's (from the documentary Who Killed the Electric Car?) and electric cars had grown in usage for the past decade? Would the drilling platform catastrophe still have happened?
No one can be sure, but what we can be sure of, is that it will keep happening until we change our cars from gas/oil powered to electric powered.
That's why this petition is so important - the Gulf Oil Spill Electric Car Credit. It asks for legislation to give a substantial credit for purchasing an electric car, and it has key provisions to put a lot of people to work, immediately, in a midterm election year. But we need to get support for this idea in the US House and Senate. That's where you can help.
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