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Recession, foreclosures, and unemployment equal tent cities

What a difference a year makes.  Do you remember when both the US Treasury Paulson and Federal Reserve Bernanke testified in Congress the US economy was fine and that there would be no recession.  Both of these financial wizards refused to utter the R word.
NEW YORK (CNNMoney.com) —
Federal Reserve Chairman Ben Bernanke and Treasury [...]

Deficit spending is the problem not the solution

I just finished reading a good article at Reuters titled “Trillion dollar deficits are not the answer” by Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor, is a senior fellow at the Hudson Institute.  I never knew people actually read all those big boring reports put out by the CBO.  It’s probably [...]

SNL Tim Geithner

I just finished watching this and though it was funny.  Enjoy!

SNL Tim Geithner video

Bernanke baloney: recession will end this year!

The markets closed down today but that was expected.  We have gained about 20% in 3 weeks based on news from banks claiming they are now profitable.  The same banks that claimed they had the subprime debacle under control 2 years ago.  I predict those banks that claim they were profitable the first 2 months [...]