30
Sep
2008
Defeat Of Government Bailout Plan: What Next?
Posted by admin as Economy
After yesterday’s vote and subsequent defeat of the government bailout plan, lawmakers are scrambling to revise it.
One of the proposals being considered is raising the federal deposit insurance limit from $100,000 to $250,000. This would help prevent runs on banks and restore confidence that Americans won’t lose their savings.
Another proposal in the works is modifying the ”mark [...]
24
Sep
2008
Are The Fundamentals Of The U.S. Economy Strong?
Posted by admin as Economy, John McCain
We all know Senator John McCain’s now famous line that the “fundamentals of the U.S. economy are strong”:
The mainstream media and Senator Barack Obama have ridiculed McCain for this statement, especially in light of the current financial crisis and the U.S. government’s potential $700 billion bailout.
Since then, McCain has clarified his statement by saying that the “fundamentals” [...]
22
Sep
2008
Are We Becoming A Socialist Country?
Posted by admin as 2008 Election, Barack Obama, Economy
This question cannot be ignored. With the government’s impending $700 billion bailout of U.S. financial institutions, we should review a few critical facts that reflect the state of our economy and our society.
The dictionary defines the word “socialism” as “any of various economic and political theories advocating collective or governmental ownership and administration of the [...]
17
Sep
2008
Who Is To Blame For All This Financial Turmoil?
Posted by admin as 2008 Election, Barack Obama, Bill Clinton, Economy, John McCain
Yesterday, we recapped each presidential candidate’s take on this week’s financial meltdown. Senators Barack Obama and John McCain each cited different reasons why companies like Lehman Brothers and AIG were in dire financial straits. Obama blamed President George W. Bush’s economic policies, while McCain blamed Wall Street corruption. Each individual also proposed different plans for reversing the [...]
16
Sep
2008
Economy: McCain Or Obama?
Posted by admin as 2008 Election, Barack Obama, Economy, John McCain
I was traveling over the weekend, which explains yesterday’s lack of a post. But we’re back in full force today!
Even after yesterday’s financial bombshell, the economy doesn’t seem to be in dire straits. I remember watching CNBC yesterday, and the forecast, nevertheless, appeared to be all gloom and doom.
However, it’s no secret that the bankruptcy [...]
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