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President Obama Talks About Jobs & Deficit In Weekly Address
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Started this discussion. Last reply by James Scott Feb 4.

Will Glenn Beck Scold Republicans?
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Started this discussion. Last reply by Nathan Andover Jan 15.

Should People & Companies Have To Pay To Put Carbon Into The Air?
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Started this discussion. Last reply by Nathan Andover Dec. 20, 2009.

 

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Fed Members And Future Policy Predictions

I just read an interesting article about the members of the Federal Reserve and the implications on future monetary decisions.

Basically, the argument was that the new members are soft money proponents who will keep interest rates low. The author argues that this will lead to higher inflation.

What do you think?

Posted on March 9, 2010 at 6:30pm —

paul

Wall Street Supports Republicans

Wall Street loves the Republicans. To express their love and support, Wall Street is sending tons of campaign contributions to Republican candidates.

Wall Street bankers want nothing more than to be able to continue making huge risky bets while knowing they will be bailed out by taxpayers. These are the risky bets the Obama Administration is trying to limit. The Republicans voted against the financial regulation bill in the House.

Nobody wants any industry to be over regulated. However, there… Continue

Posted on February 8, 2010 at 8:28am —

paul

George Bush's Debt

I have always been amazed that the Tea Party activists are so vocal about the huge national debt now that George W. Bush is out of office. Where were they during the Bush years?

When Bush took office, the national debt stood at $5.7 trillion and was being reduced with the budget surpluses being left by President Clinton. When President Bush left office, the national debt was over $10 trillion.

President Obama has a goal of reducing the national debt. Yes, there are some investments that need t… Continue

Posted on December 25, 2009 at 10:07pm —

paul

Democrats Blamed For Republican Economic Problems

In the post election analysis, votes told pollsters that they voted for Republicans in Virginia and New Jersey partly because they were concerned about the economy.

This doesn't make sense to me.

Republicans are making a lot of noise about the deficits and national debt, but it was the Republicans who greatly increased the national debt while they were in power.

The deficit was so large this year because the economy tanked under George W. Bush. $400 billion of the current deficit was caused b… Continue

Posted on November 8, 2009 at 12:10pm — 2 Comments

paul

Ten Trillion And Counting

I just watched a really good program about the national debt and our current economic condition.

The program is called Ten Trillion And Counting and it is a Frontline program from PBS.

You can watch it online here: http://www.pbs.org/wgbh/pages/frontline/tentrillion/

It basically showed how the national debt has been growing and what we are going to have to do about it. It showed how the debt was reduced during… Continue

Posted on September 2, 2009 at 10:00pm — 1 Comment

Latest Activity

Democracy continues to morph into plutocracy...
on Wednesday
paul added a blog post
I just read an interesting article about the members of the Federal Reserve and the implications on future monetary decisions. basically, the argument was that the new members are soft money proponents who will keep interest rates low. The author a…
on Wednesday
Should the government just monitor the economy or should it be allowed to regulate it? I agree that the financial regulations need to be updated. I don't agree with the laissez faire types who think that government should not be allowed to regulate…
March 1
Here's Paul Krugman's opinion: "It’s an ugly picture. But it’s important to understand the nature of Europe’s fatal flaw. Yes, some governments were irresponsible; but the fundamental problem was hubris, the arrogant belief that Europe could make a…
February 15
I agree that the other nations in the EU will have to swallow the pain and help the PIIGS. However, I don't agree that the EU can't change the political environment of each sovereign country. Part of being in a larger community is living within the…
February 14
I support PAYGO as a general operating principle, but I have some hesitations about it because I think it is sometimes necessary to go into debt. For example, many states have balanced budget acts in place (the same a PAYGO???). When the recent eco…
February 9
I just read an article about the debt problem in Greece: "Over the past decade, Greece took full advantage of a strong euro and rock-bottom interest rates to fuel a debt binge by the country’s consumers and its government. Now, if Greece can’t pers…
February 8
Have you seen the new ad from the "commission for truth in politics"? It says that the House Democrats just passed a new $4 trillion dollar bailout for the big banks. The problem is that it isn't true. The banks won't be getting $4 trillion for thi…
February 8

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At 4:19am on November 12, 2009, Selina Thounaojam said…
thank you...m interested in development economics...and trying to concentrate on issues related to India itself, specially the north east of the country... but still busy figuring out where to apply and stuff...
 
 
 

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