BlueBloggin

by Len Hart, The Existentialist Cowboy
In theory, a near worthless dollar is great for American manufacturers, American jobs. Lower costs for American goods means US exports should rise, reducing our trade deficit and helping pay off the national debt! That’s the theory, the rationale behind Richard Nixon’s decision to take the US off the [...]

Posted by nytexan October 27th, 2009 | Tags: Chinese policy, gold standard, GOP, Len Hart, US Ecomony | Category: China, GOP, Politics, economics, economy | Leave a comment

US worldviews world’s apart
By Jim Lobe:  WASHINGTON – While the ongoing financial crisis has almost entirely displaced foreign policy and even the Iraq War as the main concern of voters in the United States, differences in approach to the world beyond US borders between Republican candidate Senator John McCain and his Democratic rival Senator [...]

Posted by bosskitty October 26th, 2008 | Tags: disinformation, ecomonics, Foreign Policy, Global Economy, Religion | Category: Foreign Policy, Global Economy, Politics, Religion, disinformation, economy | Comments (1)

John McCain would like everyone to forget he was one of five Senators up to their corrupt behinds in the The Keating Five Savings & Loan scandal of the 1980s and early 1990s. The Senate Ethics Committee stated “Senator McCain exercised poor judgment.” Somethings never change.
In a July 1996, General Accounting Report (GAO); Financial [...]

Posted by nytexan October 6th, 2008 | Tags: banking, economy, John McCain, Keating Five, Savings & Loan Scandal | Category: John McCain, Politics, Scandal, economics, economy | Comments (1)

Washington Post
By a vote of 74-25, the Senate just approved the revised version of the $700 billion Wall Street rescue bill rejected Monday by the House.
The bill now heads to the House for a vote, likely on Friday. Some of the revisions included in the Senate bill were designed to win the support of House [...]

Posted by nytexan October 1st, 2008 | Tags: Bailout, banking, economy, Senate, Wall Street | Category: Congress, Senate, Wall Street, economy | Comments (2)

I really don’t know if I am tired of every one throwing amount the wrong term “bailout” or the Americas stupidity on how the economy works. While many believe that the bailout is about Wall Street the true fact is this is a “credit market” crisis.  Which is a far cry from the Wall [...]

Posted by nytexan September 29th, 2008 | Tags: Ali Velshi, Bailout, CNN, Credit Market, economy, Wall Street | Category: CNN, Politics, Wall Street, banks, economics, economy | Leave a comment

World reaction to the historic Wall St fall

For Stocks, Worst Single-Day Drop in Two Decades
US bail-out rejection stuns markets

‘Shocking scenes’
John Terrett, Al Jazeera’s correspondent in New York, said “I’ve never seen anything like this before.

IN DEPTH

The US bail-out package

“We’re seeing quite literally shocking scenes on the floor of the New York Stock Exchange.
“People [...]

Posted by bosskitty September 29th, 2008 | Tags: Bailout, Bush, Congress, economy, Wall Street | Category: Bush, Congress, Wall Street, economy | Comments (3)

Sphere: Related Content

Posted by nytexan September 27th, 2008 | Tags: Bailout, Bush, Jon Stewart, The Daily Show, Wall Street | Category: Bush, Politics, Wall Street, economy | Comments (1)

OK, there are lessons in history, has anyone bothered to notice that Americans have played this scene before?.  ..
List of stock market crashes
WaMu Is Seized, Sold Off to J.P. Morgan,
In Largest Failure in U.S. Banking History
Welcome to chaos: Arab nations hit hard as world markets crash
European Central Banks Offer More Dollars From [...]

Posted by bosskitty September 27th, 2008 | Tags: banking, Bush, economy, McCain, Obama, recession, Wall Street, WaMu | Category: Bush, GOP, Global Economy, John McCain, Obama, Politics, Wall Street, economy | Leave a comment

Business as usual for US arms sales By Frida Berrigan
The chief executive officer of a weapons manufacturer has plenty of chances to rub elbows with deputy secretaries of defense, officials from Homeland Security, retired military personnel, and the best and brightest of the defense establishment almost any week of the year.
One such opportunity [...]

Posted by bosskitty September 27th, 2008 | Tags: Alan Greenspan, Bailout, banking, Ben Bernanke, economy, Hank Paulson, recession, Wall Street | Category: Accountability, Alan Greenspan, Bush, Wall Street, economy | Comments (2)