Financial crisis predicted in movie “Rollover” (1981)
Written by admin on February 22, 2009 – 9:27 pm -Financial crisis predicted in movie “Rollover” (1981)
Tags: Financial crisis predicted in movie rollover 1981
Posted in Economics | No Comments »
Two American Heroes, Ron Paul and Peter Schiff!
Written by admin on December 20, 2008 – 3:11 pm -These are the only true American heroes today, Ron Paul and Peter Schiff.
I hope all of you Kool-Aid drinkers are happy with your choice. Keep repeating to your self ” Yes We Can!” Because very soon all you’ll be hearing is “No We Can’t!”
Tags: economy, Peter Schiff, Ron Paul
Posted in Economics | No Comments »
Oil Prices Fall to $65 per Barrel, Why Not Gas?
Written by admin on October 22, 2008 – 3:37 pm -
If you have been living in a bubble and don’t know, oil has been dropping in price pretty quick lately. The price of oil plunged close to 65 dollars per barrel here on Wednesday, hitting a 17-month low after news that US energy stockpiles rose across the board last week, traders said.
The market was already facing intense selling pressure on renewed worries about energy demand in the face of slowing global growth and despite a likely OPEC output cut later this week, analysts said.
London’s Brent North Sea crude for December delivery tumbled to 65.28 dollars per barrel, which was last seen on May 20, 2007. You can read more about oil prices here:
Here is my question, I seem to remember gas prices at the pump going up almost everyday when the price of a barrel of oil was skyrocketing, so why haven’t the prices at the pump been falling just as fast on the way down? I know, I know, it’s a stupid question because the answer is so easy, because they are full of @!$%!
I remember the talking heads on the major news telling us that we should expect a .50 price increase at the pump for every $20 the price of a barrel of oil goes up. Well, shouldn’t we expect to see prices at the pump drop .50 for every $20 a barrel falls in price, just like it did on the way up? Yeah, I know…..
Tags: Gas Prices, oil prices
Posted in Economics | 1 Comment »
Bush Tells Unemployed Americans to Eat Cake!
Written by admin on October 19, 2008 – 11:07 am -Bush Tells Unemployed Americans to Eat Cake!
It seems Bush doesn’t care about the common people. Big surprise. During a recent press briefing the White House press secretary Dana Perino suggested that the bush administration would oppose any efforts to extend jobless benefits, a position the White House has taken before.
The White House press secretary Dana Perino explained their position by saying, we want people to be able to return to work as soon as possible. I assume that the White House thinks that by extending the unemployment benefits somehow prevents people from returning to work. Ms. Perino also had the nerve to say that the best way to help the economy was for the unemployed people to simply get back to work! SIMPLY GET BACK TO WORK?!! To what jobs Ms. Perino? Do you even understand why the people are out of work? Do you even know there is a problem? How can you just stand there and pretend like everything is just fine and dandy with the economy? Like it’s just so easy for someone that’s unemployed to go get another job, just like that. Well, If there were jobs out there it would be that easy, you know, remember, the way it was before your Boss came into office.
Here are just a few of the recent headlines about unemployment this week:
– The Department of Labor reported last week that the country shed 159,000 jobs in September, and the unemployment rate has increased to its highest level in five years.
– The Washington Post reported yesterday that “unemployment claims are at a seven-year high, and factory orders are sharply down. … Small businesses can’t get financing.”
I don’t even know where to start. So, we have the Bush administration, the ones who are responsible for the destruction of our economy, bailing out the wall street executives who along with the Bush administration caused all of the problems, but he tells the people, the ones that are most affected by his stupidity to go eat cake! Where is this guy living, where is he from? Here is a president that has not vetoed one spending bill since he became president and is responsible for doubling or national debt, but if it’s just a small sum of money to help the public, this guy threatens to veto any assistance. I guess if you’re a Wall Street executive making millions of dollars and your job is threatened by your own stupid actions, well, that is just unacceptable to Bush and he will hand you a check for $700,000,000.
I can’t even begin to understand this logic. I guess the only good thing that we have to look forward to is that Bush and his lapdog Ms. Perino will be joining the millions of unemployed in the next few weeks. But I have a feeling that they won’t be hurting as much.
You can watch the Bimbo, White House Press Secretary look down upon the average American here:
Tags: Bush Administration, Press Secretary Dana Perino, Unemployed
Posted in Economics | No Comments »
Party’s Over for Credit Addicted American Consumer?
Written by admin on October 7, 2008 – 9:21 am -Party’s Over for Credit Addicted American Consumer?
Now that the party’s over for the credit addicted American consumer, what are they going to do? No more easy credit no money down loans to fuel their unending addiction of 
consumption. Since two thirds of the United States economy depends on the American consumer purchasing unnecessary products to keep it going, where will the money come from? Americans have a negative savings rate, so we can’t fall back on that. Can’t go back to a production based economy, that has been shifted overseas to third world countries. Can’t shift it on over to real estate speculation, that ship has come and sailed. Can’t go back to an agricultural society, they destroyed that at the beginning of the twentieth century. Now, what happens when the rest of the world stops buying our debt?
Does the general American population even know what is going on? Do they even care?
Tags: Credit Addicted American Consumer, economic collapse, United States Economy
Posted in Economics | No Comments »