Rising Tide
Union participation has declined steadily since the 1960’s thanks to the recent prevailing small-government, big-business deregulation, hands off approach to free-market economics. And as it turns out, when they said smaller government, what the GOP really meant was, personal government, they wanted you and I to play no part at all in deciding how they redistributed our tax dollars to the top of the income pyramid.
Obama: From “Hope & Change” To Hopeless Status Quo Part 1
It is almost one year since President Obama took office, the expectations were high not only in America but across the world. In that time frame, President Obama’s approval rating has gone down by 20 percent in the polls as more people realized that he didn’t have a “vision for changing the world”, but instead […]
US House Passes Historic Wall St. Reform Act
The US House of Representatives voted today to pass H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009. Sponsored by Barney Frank (D-MA), this bill would protect consumers and investors, provide for financial regulatory reform, and regulate the over-the-counter derivatives markets. No Republicans voted for the bill.
Are We Heading For Another Global Food Crisis?
Global food prices are on the rise again, the United Nations Food & Agriculture Organization (FAO) reported today, with the agency’s food price Index registering four straight months of increases. According to the FAO’s latest food outlook, the index- a “food basket” composed of cereals, oil seeds,dairies, meat & sugar- averaged 168 points in November […]
Will War Spending Finish Bankrupting the US Economy?
The main topics of the day in Washington were jobs and possibly injecting some of the TARP money — paid back by the banks as an economic stimulus. While addressing the dreadful unemployment situation and a shaky economy is urgent, it would be wise to address the financial consequences of the Obama administration escalation of the conflict in Afghanistan. According to the Brookings Institute and the Congressional Research Service, the total cost for both wars in Iraq and Afghanistan will be 1.08 trillion for 2010.
