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Showing posts with the label main street

Senate gives public the middle finger and the Mainstream Media barely reacts

Andrew Taylor and Ben Feller of the Associated Press penned an article called Senate Republicans vote to kill Obama's jobs bill and it was made up of just 4 paragraphs.   Four paragraphs, I mean that’s it.   The U.S. Senate can not pass a bill that they know very well is sorely needed by their constituents and all that get’s reported on is 4 paragraphs.   Where is the outrage? Americans are struggling to make ends meet.   Businesses are refusing to lift a finger to help but do not mind paying billions to buy congress and keep profits high.   They do not mind enjoying the protection that this country affords them but do mind helping to protect their fellow Americans.   Congress hired to represent the people but can’t seem to find their backbone to vote in favor of these people when they need them the most and all we have to say about this is 4 paragraphs. The 46 Republicans and 2 Democrats should be consistently hounded by the Mainstream Media and...

High unemployment numbers remain consistently misdiagnosed

Christopher S. Rugaber of the Associated Press penned this article titled Unemployment aid applications stuck at high level, in which he reports “the number of people seeking unemployment benefits hardly changed for a second straight week, stuck at a high level that points to a slowing job market.   Applications had fallen in February to 375,000, a level that signals sustainable job growth.”   The article goes further to explain that “the report suggests that employers have lost some confidence in the economic recovery, said Neil Dutta, an economist at Bank of America Merrill Lynch. He pointed to higher gas prices, the Japan crises that have led to a parts shortage and the inability of Congress to agree on a plan to raise the $14.3 trillion debt ceiling as the main reasons. He expects employers will likely add about 150,000 jobs per month for the next few months, a level that would barely reduce the unemployment rate.”   While I am no expert, I am acutely aware of wh...

Wall Street brain trust missing excellent money-making opportunities

One would think that as much as Wall Street loved money, they would never let anything pass them by where there was the slightest possibility where they could make a buck without risking a dime which surprises me about this revelation. We are all quite aware of what banks did with the Toxic Assets Recovery Program (TARP) money.   It was used to cover over their gaping holes in the financial reports, pay out bonuses, hide and stash away millions and purchase smaller banks to reinforce their bottom line.   It was implied that the reason for the TARP money was to keep the banks afloat, save the housing market and keep people employed.   While it was used to keep them afloat, it was not used to save homeownership nor keep employees off the unemployment rolls.   Imagine if the banking industry adopted a fresh way of doing business like allowing community banks to take care of their communities while the bigger ones concentrated on investing assisting internationally. ...

The War between Wall Street and Main Street

Before this economic collapse, many people on Main Street never really considered Wall Street as alive; it was only thought of a place where people go to work.   Lately, it’s becoming increasingly clear that Wall Street is most definitely alive and is eating our breakfast.   Typically, I never really like to categorize any issue as “us/we” and “they/them” but for the sake of clarity and to better help you understand my point, this time I must.   We will be the middle class, seniors, poor and less fortunate while they will simply be the wealthy.   Make no mistake about it, this is class warfare. One of the most ingenious things ever created by Main Street was Wall Street but just like any animal that goes mad, it turned on us.   Main Street wanted a better life for their children so we created the Student Loans.   We wanted to reach a higher standard so we created Home Loans.   We wanted to be our own boss so we created Commercial Loans.   We w...

Solutions offered to the biggest issues with the Value-Added Tax

I believe that it is safe to say that all politicians in Washington wishes to reform the tax-code.   I believe it because many of those asked have said as much.   I’m skeptical because only during the “lame-duck” session did we see any form of parties working for the betterment of its nation.   Maybe this will be something that would fit the lame duck mold. There are always oppositions to anything whether proposed by a democrat or a republican but In response to the objections expressed in a Mark Trumbull article for the Christian Science Monitor which was offered by Ronald Reagan in 1985 when he said that “a value-added tax (VAT) actually gives a government a chance to blindfold the people and grow in stature and size," "That tax can quietly be increased, and all the people know is that the price went up and they don't know whether the price went up because somebody got a raise or whether the company wanted to increase profits or whether it was government."   It ...