Like a racing horse with blinders on, The Bush Administration has blindly raced this country to near economic ruin.  The Jockeys in this case are corporate America, led by their huge lobbying efforts over the years.  From what we have witnessed over the course of the last eight years, we can not trust giving the Bush Administration $700 billion of our money.

First, let’s look at the Iraq War.  Some will argue that there was or was not just cause for invading that country.  Few will argue that Iraq was more stable, and less of a threat, under Saddam Hussein’s rule.  Many billions of dollars later, Iraq is still unstable and now is home to more terrorists then ever before. Read the rest of this entry »

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Because of the economy, and many failed policy decisions by our politicians, not only big businesses like AIG and Bear Stearns are feeling the pinch.  The forgotten victims of the housing crisis are the many displaced families.

A recent news story at MSNBC highlights what is going on in Reno, Nevada.  After emergency winter shelters closed for the summer, a number of tents cropped up by the railroad.  Within a few weeks, over 150 people were living in what had become a “tent city.”

Many of the people living in these tents were at once hopeful of getting a casino job.  But interviews in the story indicate that casinos are actually starting to lay off employees. Read the rest of this entry »

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In a troubled economy, finding a good bargain can help us stretch our dollars even further.  I personally enjoy golfing, and one of the best golf deals I have come across is from a company named Warrior Custom Golf.

Warrior Custom Golf is giving away a free custom golf wedge or a hybrid golf club.  The catch you ask?  Simply signup for their newsletter and get the special promotion code.  They do charge a small shipping and handling charge, but it is well worth it considering the quality of the club. Read the rest of this entry »

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Just when I thought President Bush could not piss any more of our tax dollars away, now his Administration has provided $85 billion to bailout insurance giant AIG.

This latest bailout comes on the heels of $50 billion of our tax dollars pumped into the market to ease the credit crunch.

As each week passes, President Bush and his Administration is handing our tax dollars over to the same companies that sold, managed, and insured sub-prime mortgages.  What the President is doing is rewarding the failure of these companies and the damage they caused to many families across this nation.

At what point will this President stop wasting our money?  Between the Iraq War, and the bailouts, President Bush is pushing close to a trillion dollars in wasted spending!  Any other President would have been tossed out of office, but none of the politicians we elected are prepared to do the job we elected them to do.  And that job is to represent the people.

If President Bush is going to bail anyone out, it should be the victims - the citizens that were duped into these high cost loans.  That would have done a few things.  First, it would have helped families keep a roof over their head.  Second, it would have stabilized home values.  And finally it would have helped the overall economy.

What President Bush is doing is nothing short of a band-aid fix.  The reason why these banks and insurance companies are going belly up is because people are losing their life’s possessions and can’t afford to pay their mortgages.  There is a lack of jobs, high costs of health insurance, and energy expenses that have eroded each citizen’s purchasing power.  President Bush has ignored the causes of the economic problems in this country and has chosen to throw billions of dollars at the result of the problems.  This is yet another failure feather George W. Bush can put in his hat.

It is going to take many years to recover from the financial impact of the bailouts and the Iraq War.  And this money will need to be replenished at a time when Social Security and Medicare are going broke.  This country is going downhill at full speed, and nobody has their hands on the wheel or foot on the brake.  And most taxpayers seem to have their heads in their asses and could care less.  Shame on those people!

Many citizens of this country can’t afford to pay their bills, let alone repay all this debt.  It’s time that Congress stepped in and demanded a halt to these bailouts.  This is the people’s money, and it should be spent on helping the people - not those that have screwed citizens.

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If you live in the Cleveland Ohio area, and read the Cleveland Plain Dealer, you probably understand that the Plain Dealer strongly opposes the sick time issue that will be voted on in November.  The question is why.

Before I answer the “why” question, let’s look at what this issue is about.  The issue is called the “Healthy Families Act.”  If approved by voters, the law would require employers to provide their employees seven paid six days per year, which could be carried over into the following years if unused.  It’s important to note that this law would only apply to companies that have 25 or more workers. Read the rest of this entry »

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In yet another blow to the American economy, news reports indicate that Lehman Brothers will file for bankruptcy protection.

How a 158 year old company can go from a high flyer to a dud is simply unbelievable.  The greed that has gripped this country, the corporations, and the politicians, has reached an all time high.  Without the help of taxpayers, this country would be facing certain economic collapse.

Fortunately for taxpayers, the government (actually our tax dollars) will not bail out Lehman Brothers.  This is a good thing.  In a free marketplace, there needs to be failure which allows the marketplace to shift and fill in the void.  Unfortunately though, taxpayers are still on the hook for billions of dollars because of the Fannie Mae and Freddie Mac bailouts. Read the rest of this entry »

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