What happens when the Fed can’t cut interest rates anymore? We’re getting really close to finding that out. No, wait, isn’t that sort of what the Bush administration “Stimulus package” is- when we borrow money from future generations, and…
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How to stimulate the right part of the economy by saving the government money
With all the fuss about the Fed raising interest rates- which is going to go straight to the banks’ bottom line, it’s time to take a look at a commonsense approach to handing some money back to the people at the bottom of the economic ladder- and save the…
A reminder on the bailout.
I haven’t watched this video since it was made. Five minutes- ad lib, no cue-cards, no teleprompter, no script, no edit. It was commentary on the $150 Billion dollar handout that the Bush administration promised us would “stimulate the economy” by…
How I’m going to spend my $300 – or “we messed up, and need to buy your vote “
I’m a service disabled veteran. Instead of ending a war that’s bankrupting our country, and making even more service disabled veterans, Congress, just voted to hawk your future to send a paltry $300 to 250,000 service disabled veterans. Anyone in congress…
President Obama!
It hasn’t sunk all the way in yet. Maybe by morning, I’ll feel like the dark ages of 8 years of a moron in charge are finally over. Maybe, we could even see Congress impeach Bush, and get started early. When you have Mike Turner telling people he’s…
Let’s put a face on unemployment
The latest news is that pouring money into road construction as “stimulus” didn’t work the way it was supposed to. Of course, when at least 10% of the workforce is unemployed, it’s not a matter of buying your way out of the situation. We need…
Esrati on the Financial Crisis in video
I’m not a TV anchor, and there was no script. One take. It has errors (watch the pop up titles for corrections)- but, this is in support of my post Economic Stimulus the Esrati way The Fed dropped interest rates 3/4% today. The markets still tanked. The dollar…
Is “Economic development” bad for the economy?
In our free-wheeling, “democratic” nation with our belief that capitalism solves all problems, we seem to have let Adam Smith’s “invisible hand” deal us a whopper of a punch. All of a sudden, property values are dropping like a rock,…
My question for the presidential debate tonight
Tonight, the questions are supposed to be from the people. Not, that it means that John McCain or Barack Obama will actually directly answer any question clearly. I’d like to hear a simple yes or no answer to the following question, with a promise if elected, to…
Economic Stimulus the Esrati way
I’ve heard some crazy ideas about sending everyone a check to try to get the economy going. Unfortunately, that’s a short term salve with a hefty bill. A simple solution would require the banks (who’ve gotten us into this credit crunch in the first…
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