Last Resort – Retire Early While You Can

DollarsAndSense.org

With the current state of US and world economy, the alternative to jumping out a window, committing a heinous crime or planting your pup tent under an overpass, is retire early and collect your meager social security check at general delivery. Yes, the post office still has General Delivery.

Have […]

Not Recession, Just A Slowdown, Oil Still Pricey … No Connection, Mr. Bush?

Bush: economy not in recession, in slowdown

NEW ORLEANS (Reuters) – President George W. Bush on Tuesday said the U.S. economy was not in a recession but was experiencing a slowdown.

“We’re not in a recession, we’re in a slowdown,” Bush said at a news conference at the end of a […]

Diminishing Oil Causes Tough Choices For A Hungry World

It used to be oil for food. Now, its oil substitute OR food. Super Powers are focusing on a dying concept. Cheap energy the old fashioned way is no longer viable. […]

Stand Down Ya’ll, Bush insists US not in recession

US President George W Bush has insisted the US is not in recession but says that he remains concerned about the economy’s performance.

In his State of the Union address, President George W Bush made reviving the US economy the centrepiece of his last year in office. But can he do […]

Bush Blames You — Not Iraq — for Our Tanking Economy (Condi for President?)

Five years into Iraq, Bush denies any link between Americans’ economic pain and war spending.

… oil prices once again crested above $100 a barrel and more Americans than at any time since the Great Depression owed more on their homes than the homes were worth; in the year that the […]

Wall Street Plunges While Super Tuesday Plays

NEW YORK – Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow’s biggest percentage drop in almost a year.

“The report drives a nail into the coffin from […]

Republican Sen. McConnell Holds Economic Stimulus Hostage As Senate Brawls Over FISA

Reid Tries to Pressure G.O.P. for $159 Billion Stimulus Bill

WASHINGTON — Senate Democrats tried to pressure Republicans on Monday to vote for a $159 billion economic stimulus plan, including $1 billion in additional subsidies for home energy, instead of a cheaper, more streamlined package approved by the House […]

Bush Exit Strategy, Spend $3.1 Trillion, Let Rebates Boost China

WASHINGTON — President Bush unveiled a $3.1 trillion budget on Monday that supports sizable increases in military spending to fight the war on terrorism and protects his signature tax cuts.

The spending proposal, which shows the government spending $3 trillion in a 12-month period for the first time in history, squeezes most […]

World Markets React To Bush’s Plan And The Fed

Last week, Bush announced his economic stimulus plan, which was too little too late. The world markets reacted in the same fashion believing that Bush once again is not doing enough. As Bush continues to wastes billions on a failed war, the U.S. economy has tanked. Bush’s attention on what is important to […]

Quick, Gimme $800 Now – They’re Repossessing My …

 

The devil is in the details

Once a rebate is decided on, the IRS could start mailing out checks by the end of June since the agency is now in the middle of the 2007 tax-filing season, said Jason Furman, a senior fellow at the Brookings […]