top-down technocratic government manipulation of civil liberties, and the American economy, is pushing the nation towards the pernicious charms of socialism.
And America, investors and non-investors alike, will suffer from its impact…
Tag Archive for Government
Money Morning
I Can’t Believe the U.S. Government Wants to Unleash This on the Public
by Shah Gilani • • 0 Comments
Okay, if you have to pay high rates to get deposits into your bank, where are you going to find borrowers that are going to pay higher than market interest rates so your bank turns a profit?
Oh, that would be subprime all over again.
Money Morning, Must Read
General Motors (NYSE: GM) Bailout Leaves Taxpayers with $10.5 Billion Loss – Money Morning
by Tara Clarke • • 0 Comments
Monday, the U.S. Treasury Department sold off its remaining shares in General Motors (NYSE: GM), closing a chapter of the auto industry bailout with a cringe-worthy $10.5 billion loss of taxpayer dollars.
Money Morning, Must Read
The Full Cost of the Government Shutdown – Money Morning
by Diane Alter • • 1 Comment
Standard & Poor’s said the shutdown equaled some $1.5 billion a day and “shaved at least 0.6% off annualized fourth quarter 2013 GDP growth.” Moody’s Analytics reported similar numbers, saying the shutdown cost $1.4375 billion per day, for a $23 billion wallop to U.S. gross domestic product.
Contributors- Economic and Financial, Must Read, William Black
Obama Finally Fights GOP, Affirms a Role for Government, but Renews Threat to Shrink the US Economy- Michael Hoexter
by New Economic Perspectives • • 0 Comments
As the US government shutdown was still in effect and the prospect of a debt default loomed, President Obama held an extraordinary and revealing White House press briefing on October 8th in which he clarified his then position vis-à-vis the shutdown and debt ceiling. After the shutdown was (temporarily) ended on October 17th, Obama made a fairly extensive public statement airing his views of how he sees economic policy and government’s role. While I have not followed every one of Obama’s press conferences or speeches, in both of these public appearances, Obama went into unusual detail and lengths to expand on his views of politics, government and the economy. In addition, he marked out his most combative stance vis-à-vis the Republicans to date. Also in his October 17th statement we had the clearest statement for a number of decades, of some of the benefits of having a government at all from a top American political leader.
Money Morning, Must Read
The Most Important Numbers to Know Today – Money Morning
by Guest Admin • • 0 Comments
200 Democrats and 19 Republicans support passing a continuing resolution with no strings attached to re-open government, according to a CNN poll of Congress. With three vacancies among 435 Congressmen, 217 votes is the minimum required to pass the measure. Senate claims it’s close to a deal, but the question is how House Republicans will react – as the shutdown continues into its fifteenth day.
Money Morning, Must Read
The Government Shutdown’s Long-Term Effects – Money Morning
by Guest Admin • • 0 Comments
The political temper tantrum known as the government shutdown is now a week old, the rhetoric is heating up, and there’s no sign that the peace pipe will be smoked anytime soon.
Money Morning, Must Read
10 Shocking Ways the Government Shutdown Puts us in Danger – Money Morning
by Diane Alter • • 0 Comments
It’s Day 4 of the government shutdown – which means Day 4 of your life being more dangerous than it was in September…
You see, besides the effects of 800,000 workers being furloughed, the government shutdown affects the general public in ways most of us don’t realize.
Money Morning, Must Read
10 Numbers You Need to Know Today as Shutdown 2013 Continues – Money Morning
by Guest Admin • • 0 Comments
810,000 federal workers, give or take a few, were furloughed this week as Shutdown 2013 began. Those employees had to report to work to “prepare” for a shutdown, in many cases simply reporting, signing a form acknowledging the furlough, and leaving again.
Money Morning, Must Read
Government Shutdown Effects: Here’s What Investors Are Missing – Money Morning
by Garrett Baldwin • • 0 Comments
Welcome to the decade of the politicization of everything. With the government shutdown in its first week, it is starting to look more and more like this temper tantrum from both sides could lead up to the debt ceiling deadline.
