George is confident that the economy will rebound in the second half.
There you have it.
Andrew
· 1 year ago
“…free competitive markets are by far the unrivaled way to organize economies.”
Freedom, it would seem, can wait for another day.
ShirleyGoodnessanMercy
· 1 year ago
Is today the deadline for filing taxes?
grandma
· 1 year ago
tomorrow...the 15th
grandma
· 1 year ago
Steelers For Obama: Pittsburgh Steelers chairman and owner Dan Rooney has endorsed Barack Obama:
ShirleyGoodnessanMercy
· 1 year ago
Thanks Grandma, that's what I thought. But I couldda sworn I heard someone say the 14th was the last day and I wondered if there'd been some odd change I hadn't heard about!
Andrew
· 1 year ago
I wonder how may people we could have fed in this country with 7 million dollars.
Jackson ignored housing crisis, solicited ‘emergency bid’ for oil portrait of himself. This week, Housing and Urban Development (HUD) Secretary Alphonso Jackson will be leaving office under a cloud of ethics investigations. But less examined than his corruption was his inattention to the housing crisis. During Jackson’s tenure, “foreclosures for loans insured by HUD’s Federal Housing Administration (FHA) have risen and default rates have hit a record high.” The Washington Post reports:
In late 2006, as economists warned of an imminent housing market collapse, housing Secretary Alphonso Jackson repeatedly insisted that the mounting wave of mortgage failures was a short-term “correction.”
He pushed for legislation that would make it easier for federally backed lenders to make mortgage loans to risky borrowers who put less money down. He issued a rule that was criticized by law enforcement authorities because it could increase the difficulty of detecting and proving mortgage fraud. […]
They contend that Jackson ignored warnings from within his agency, the Department of Housing and Urban Development, whose inspector general told Congress that some of the secretary’s efforts were “ill-advised policy” and likely to put more families at risk of losing their homes.
At the same time, Jackson “launched a new $7 million auditorium and cafeteria” at HUD’s headquarters and used taxpayer money to solicit an “emergency bid to obtain oil portraits of Jackson and four other HUD secretaries.” He also insisted upon a personal chef and security detail.
jr
· 1 year ago
Fox had a chyron on last night's strategy room or whatever the hell they call the show saying McCain supports "pro-growth" policies. Being in a depression is "pro-growth"
Andrew
· 1 year ago
From my vantage point the Wall Street crowd is so juvenile and trite. Dartmouth ought to be a bit embarrassed when it comes to one of its favorite son graduates, US Treasury Secretary Hank Paulson. I say that because of his compulsion to act like a grade school kid when it comes to uttering gibberish about how the US is for a strong dollar. Talk about a farce. This is how much the US cares about a strong dollar at this point. It's the lowest its ever been and inflation in the real world for US consumers is running at over 12%. The fact that the financial press doesn’t laugh in his face, or take him to task for his hypocrisy, is typical. What he is really saying is that the lynchpin of the US strong dollar policy has always been to suppress the gold price which should be screaming past $1500 to $2,000 per ounce. In that regard Paulson is living up to what he says … that the US is still out there keeping the dollar from total collapse. However, you won’t get anyone in the MSM to go there, to explain what Paulson really means by his strong dollar talk drivel … meaning the gold price suppression scheme. There is nothing else he could possibly mean with his drivel, as the conditions could not be worse for the dollar. Commodity prices are screaming higher, real inflation in the US is on the galloping uptick, yet the Fed is powerless right now because of real estate deflation and financial market stress in the US. This is a mess so entrenched into our system now that many on Wall Street are calling the situation the most challenging since The Great Depression. The Fed has abrogated one its primary roles, and that is to fight inflation, to keep the bankers happy and afloat. At the same time, the European central bank is acknowledging their own inflation problem and is dealing with it but holding firm on interest rates, much to the consternation of many crybabies on Wall Street. Until we return to a sound financial monetary system that is back by something of value like gold and silver, we are all going to pay a very dear price in just trying to make ends meet.
All Comments
There you have it.
Freedom, it would seem, can wait for another day.
Pittsburgh Steelers chairman and owner Dan Rooney has endorsed Barack Obama:
Jackson ignored housing crisis, solicited ‘emergency bid’ for oil portrait of himself.
This week, Housing and Urban Development (HUD) Secretary Alphonso Jackson will be leaving office under a cloud of ethics investigations. But less examined than his corruption was his inattention to the housing crisis. During Jackson’s tenure, “foreclosures for loans insured by HUD’s Federal Housing Administration (FHA) have risen and default rates have hit a record high.” The Washington Post reports:
In late 2006, as economists warned of an imminent housing market collapse, housing Secretary Alphonso Jackson repeatedly insisted that the mounting wave of mortgage failures was a short-term “correction.”
He pushed for legislation that would make it easier for federally backed lenders to make mortgage loans to risky borrowers who put less money down. He issued a rule that was criticized by law enforcement authorities because it could increase the difficulty of detecting and proving mortgage fraud. […]
They contend that Jackson ignored warnings from within his agency, the Department of Housing and Urban Development, whose inspector general told Congress that some of the secretary’s efforts were “ill-advised policy” and likely to put more families at risk of losing their homes.
At the same time, Jackson “launched a new $7 million auditorium and cafeteria” at HUD’s headquarters and used taxpayer money to solicit an “emergency bid to obtain oil portraits of Jackson and four other HUD secretaries.” He also insisted upon a personal chef and security detail.
The fact that the financial press doesn’t laugh in his face, or take him to task for his hypocrisy, is typical. What he is really saying is that the lynchpin of the US strong dollar policy has always been to suppress the gold price which should be screaming past $1500 to $2,000 per ounce. In that regard Paulson is living up to what he says … that the US is still out there keeping the dollar from total collapse. However, you won’t get anyone in the MSM to go there, to explain what Paulson really means by his strong dollar talk drivel … meaning the gold price suppression scheme.
There is nothing else he could possibly mean with his drivel, as the conditions could not be worse for the dollar. Commodity prices are screaming higher, real inflation in the US is on the galloping uptick, yet the Fed is powerless right now because of real estate deflation and financial market stress in the US. This is a mess so entrenched into our system now that many on Wall Street are calling the situation the most challenging since The Great Depression.
The Fed has abrogated one its primary roles, and that is to fight inflation, to keep the bankers happy and afloat. At the same time, the European central bank is acknowledging their own inflation problem and is dealing with it but holding firm on interest rates, much to the consternation of many crybabies on Wall Street.
Until we return to a sound financial monetary system that is back by something of value like gold and silver, we are all going to pay a very dear price in just trying to make ends meet.