Archive - The Economy

Is Obama Stimulating Failure?

January 09 Comments Off on Is Obama Stimulating Failure? Category: The Economy, UPIU

Image via Flickr by Rachael Dickson. More news about Obama’s stimulus package is constantly leaking out from the President-elect’s associates. The more news I get, the more I wonder, where exactly is this change I was promised? Obama’s plan to build the economy is conventional, at best. The economy continues to fall and it sees unlikely that Obama’s plan […]

Geithner’s Problem is Not Taxes, But Does it Matter?

January 09 Comments Off on Geithner’s Problem is Not Taxes, But Does it Matter? Category: The Economy, UPIU

Image via Wikipedia While Timothy Geithner’s tax issues are troubling, the real issue is not what he was doing when he was filing with the IRS, but what he was doing when working for the Fed on Wall Street. Let’s get the obvious issues out of the way first. Geithner’s tax problems are severely troubling. Over […]

The End is Near! But That’s a Good Thing.

January 07 Comments Off on The End is Near! But That’s a Good Thing. Category: The Economy, UPIU

All the signs are in order, the planets are in alignment, we haven’t hit the bottom, but at least we know there’s a bottom to hit. The Federal Reserve has finally pulled its collective head out of the sand and realized that everyone else is right and we won’t have a miraculous recovery the minute Obama takes office. […]

Once Again, Banks Bailed Out at Consumers’ Expense

December 17 Comments Off on Once Again, Banks Bailed Out at Consumers’ Expense Category: The Economy, UPIU

Only a little while ago the Federal Reserve set the new target range for the federal funds rate to 0-0.25 percent. A record low. But that’s a whole lot of babble for most people. Here’s what’s important: Your Government has once again bailed out the banking system at the expense of the regular consumer. One of the […]