Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Tuesday, April 07, 2009
U.S. Budget Expands Size of Government as Economy Contracts / Politics / Recession 2008 - 2010
By: Dr_Ron_Paul
Last week the House passed another budget that increases federal power, raises taxes, and increases the national debt. I voted against it, and was pleased to see that not a single Republican representative voted for it. Legislators often see bipartisanship as constructive, but I disagree especially where the destruction of our economy or our liberty is concerned. There has been too much bipartisan consensus on expanding government far beyond the bounds of the Constitution which we all swore to defend and uphold. Because of this, I have never been able to vote for a budget. However, it was good to see Republicans come together on this important vote, even if their alternative budget was almost as bad.Read full article... Read full article...
Monday, April 06, 2009
Obama's Auto Industry Bailout as an Implementation of Fascism / Politics / Credit Crisis Bailouts
By: LewRockwell
Vin Suprynowicz writes: The typical American automobile in the early 1920s was easy to describe. It was boxy and black, offered a manual transmission only, and sported a straight-up four-cylinder engine. Creature comforts were few. On the bright side, if your car tipped over on a sharp turn – as the top-heavy contraptions were wont to do – two strong men could usually set the thing upright, little the worse for wear. Read full article... Read full article...
Monday, April 06, 2009
Government Fuels Mass Hysteria Against AIG Employees on Bonuses / Politics / Credit Crisis Bailouts
By: Ayn_Rand
Peter Schwartz writes: In dealing with AIG, why are people pussyfooting around? They believe that the bonus money was stolen from the public and must be retrieved by any means possible. So why not bypass the niceties and just send in some well-armed “enforcers” to confiscate the bonus recipients’ cars and houses and bank accounts? Read full article... Read full article...
Monday, April 06, 2009
The Crisis of Creativity in America / Politics / Social Issues
By: Pravda
Cage Innoye writes: There is a great crisis of creativity in our age. Critical problems are mounting up and very little is being done. It is because we do not understand, teach or promote creativity that we are in the great mess of today. We live in world of advancing complexity and evolving situations and contradictions; there is no way a species can manage all this without being creative. The more developed a culture and society, the more developed must be its creativity. But look at our nation, our creativity is either inadequate or simply non-existent. Read full article... Read full article...
Monday, April 06, 2009
Artists Rendition of the State of the U.S. Economy / Politics / Recession 2008 - 2010
By: Mike_Shedlock
I received a unique email from Scott Moore about the State of the Economy. Scott writes:
Read full article... Read full article...
Sunday, April 05, 2009
America's Financial Oligarchy Is Still in Control / Politics / Market Manipulation
By: Lorimer_Wilson
“The crash has laid bare many unpleasant truths about the United States . One of the most alarming is that the finance industry has effectively captured our government”, says Simon Johnson, a chief economist with the International Monetary Fund in 2007 and 2008. In an article entitled “The Quiet Coup” in the May, 2009 issue of the Atlantic magazine he (with James Kwak) goes on to say that “if the IMF's staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform and if we are to prevent a true depression, we're running out of time”. Read full article... Read full article...
Sunday, April 05, 2009
PPIP is RIP - What a dead cat can't see a dead cat don't know / Politics / Credit Crisis Bailouts
By: Andrew_Butter
Here is a tip if you are thinking of buying bank stocks, (1) get hold of a photo of the CEO (2) show it to your dog (3) if the dog wags his tail then you can be sure the guy has a "trusting face", and (4) that's as a good a reason as any to buy a bank stock. Read full article... Read full article...
Saturday, April 04, 2009
How Wall Street Robs the Banks that it Owns / Politics / Credit Crisis Bailouts
By: Submissions
Bill Moyers writes:
The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailoutRead full article... Read full article...
Friday, April 03, 2009
Let's Play Pretend at Toxic Asset Valuations / Politics / Credit Crisis Bailouts
By: Peter_Schiff
When elementary school kids want to escape the confines of their circumstances they pretend to be pirates, princesses, and Jedi knights. Now, with the relaxation of "mark to market" valuation rules announced yesterday by the accounting trade's self-regulatory body, our bankrupt financial institutions can escape their own reality by pretending to be solvent. The unraveling of our fairytale economy over the last few months has not yet convinced us that the time has come to put away childish things. The applause that greeted the news yesterday on Wall Street is a clear sign that we still have some growing up to do.Read full article... Read full article...
Friday, April 03, 2009
U.S. Treasury Bad Asset Programs May be a Stable Foundation for Economic Recovery / Politics / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes: The U.S. Treasury's much-maligned Term Asset-Backed Securities Loan Facility (TALF) and its new “prequel,” the Public-Private Investment Program (PPIP) have been viewed by the markets and skeptical prospective participants as merely a price discovery mechanism which, with a lot of luck, might create a floor under toxic security prices. Read full article... Read full article...
Friday, April 03, 2009
Social Security: There Is No Trust; There Is No Fund / Politics / US Debt
By: Mike_Shedlock
Social Security is back in the limelight where once again its problems will no doubt be ignored.
Friday, April 03, 2009
G20 Outcome - An Unmitigated Disaster for Humanity / Politics / Credit Crisis Bailouts
By: Brian_Bloom
Attached is a video of Gordon Brown making his summary wind-up speech.http://www.breitbart.tv/?p=311333
This speech contains everything I had feared would be the outcome, because:
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Friday, April 03, 2009
Mark to Market Madness … Geithner Plan Shenanigans … Economy in Crisis / Politics / Credit Crisis Bailouts
By: Money_and_Markets
Mike Larson writes: I've had a lot on my mind this week, and so has the market. Mark to market accounting … the Geithner plan … and the latest economic data have all been capturing the attention of investors. So I want to share my latest thoughts on all of these market drivers, and explain where we're likely headed next … Read full article... Read full article...
Friday, April 03, 2009
G20 Summit Members Agree to Waste $5 Trillion / Politics / Economic Stimulus
By: Pravda
A compromise, the American style, became the main result of the G20 summit in London. The world's leading countries decided to boost the world economy with the help of grand investments, which goes along the US model of the anti-crisis struggle. Such an approach may result in the loss of control over the situation, economists say. The United States and Great Britain solve their own problems first and foremost.Read full article... Read full article...
Thursday, April 02, 2009
Gordon Brown Saves the World, G20 $1.1 Trillion Down Payment / Politics / Economic Stimulus
By: Nadeem_Walayat
The G20 summit in London agreed on a plan to fight the global economic crisis and provided a down payment of $1.1 trillion to support developing economies during the crisis. The French and Germans despite much rhetoric and play acting of threatening to 'walking out' signed on the dotted line, as I stated they would in an earlier article, as the consequences of a failure of the summit would literally mean Financial Armageddon. Read full article... Read full article...
Thursday, April 02, 2009
Obama's Latest No Banker Left Behind Scheme / Politics / Credit Crisis Bailouts
By: Stephen_Lendman
On Wall Street, that is. So hyped by advance fanfare, Timothy Geithner unveiled his Public-Private Investment Program (PPIP) on March 23, the latest in a growing alphabet soup of handouts topping $12.5 trillion and counting - so much in so many forms, in "gov-speak" language, with so many changing and moving parts, it's hard for experts to keep up let alone the public, except to sense something is very wrong. They're being fleeced by a finance Ponzi scheme, sheer flimflam, and here's how from what we know: Read full article... Read full article...
Thursday, April 02, 2009
Chinese Students Desperate and Destitute in the United States / Politics / Recession 2008 - 2010
By: Pravda
More than 140 Chinese students, who had hoped to become pilots, are trapped in a Palm Coast, Florida apartment complex without income, electricity, food or transportation. They have fallen victims of a flight school that shut down and filed bankruptcy. The school location is Palm Coast, Florida.Read full article... Read full article...
Thursday, April 02, 2009
A Guide to Hiding Toxic Assets / Politics / Credit Crisis 2009
By: Oxbury_Research
Tomorrow marks an important economic decision regarding FAS 157 and marked to market accounting . This is going to be another reason to, at the very least, question government intentions. The following is a complete look into how marked to market accounting has affected the banks, and what the real intentions behind banning FAS 157 really are. Read full article... Read full article...
Thursday, April 02, 2009
Defrauding the American Tax Payer, Geithner's $500 Billion Gift To Pimco / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Geithner's Heist America Plan is receiving words of self-serving praise from Pimco's Bill Gross. Indeed, Geithner's Non-Recourse Gift Keeps on Giving to Bill Gross .
Treasury Secretary Timothy Geithner's plan to rid banks and markets of devalued assets may be a boon for Pacific Investment Management Co.'s Bill Gross. Read full article... Read full article...
Thursday, April 02, 2009
Madoff Ponzi Scheme Collapse in Perspective / Politics / Scams
By: Mike_Stathis
The Savings & Loan Crisis had Michael Milken. The dotcom charade had Bernie Ebbers, Kenneth Lay, and Jeffery Skilling. These men have been selected as the scapegoats to distract the public away from the real criminals that caused each crisis. And now, the world's largest real estate and banking crisis – much larger than all previous heists combined – has Bernie Madoff. He will serve the same purpose. Read full article... Read full article...
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