Friday, Some Post Of Interest

Click on over and check them out.

At Orcinus, a look at ICE and the far right


Some very big investors are getting very nervous, at AMERICAblog.


At Informed Comment, a look at John McCain, Turkey and Iraq


And the passing of William Buckley cannot be ignored. It is marked with some legitimate praise, and some well earned contempt.



Tags
Racism, Economy, McCain, Iraq, Right Wing

Can You Say Stagflation

Inflation is climbing, we have almost stagnant job growth, the value of the dollar is crashing, and consumers are feeling it.

We may be seeing something straight out of the 70s.

For the American public, this is just another gift of the Bush Administration and Republican economic and political philosophy. We get a grossly expensive and totally unwinnable war in Iraq, an exponential growth in national debt, increased concentration of wealth among the richest of the rich and now Stagflation.

If they were trying, I don't see how the Republicans could have done any more damage to my nation.



Tags
Bush Administrtion, Economy, Republicans

Flying Lessons

Many, many years ago, back in the days of high school and college, I worked as a ramp rat at a small airport.

We were the guys that directed planes when they were parking. We tied them down, fueled them, and washed them. I was basically a gas station atendent for Cesnas. It was a great job, different, fun, and it beat the heck out of flipping burgers.

The pay was what you would expect for any job labeled ramp rat, poor, but it did have nice benefits, I got to fly.

I was able to pay for a few lessons, and got to fly a lot more simply because I was there. One of the key points that every pilot I flew with stressed was the danger of overcorrection. A pilot needs to think a step or two ahead, and move the plane gently, the closer to the edge you were, the greater the risk of any abrupt change.

For some reason I suspect the Ben Bernanke and the rest of Federal Reserve are not pilots, or have forgotten this lesson.


Fed stays aggressive




Tags
Economy

I Didn't Miss A Thing

For the first time in 15 years I did not hear one second of the state of the union address and judging from media reports, I missed nothing.

Just more lies and distortions from our President.

If I wanted to consider the real state of the nation, I don't need to listen to Bush, but to the people of the nation who are trying to spread the truth.

Since 2001, American median income is down by more than $1,000 a year
The number of Americans in poverty is up 5 millon people to 36 million

The amount of consumer credit has almost doubled in the past 7 years

The foreclosure rate on single family homes is 68 percent higher than it was in 2001

There are 3 million fewer manufacturing jobs now than in 2000

Between 1992-2000 there were an average of 1.76 million new private sector jobs created each year; between 2001-2008 that average was down to 369,000

And there is much more.

I suspect that these details were not motioned last night


Tags
Economy, State of the Union

Tuesday On Wall St.

In Asia the markets saw serious losses, the European markets are following the trend. It seems that few are enamored with the stimulus plan that is being considered.

Tuesday's stock market opening in the US could be way to interesting.



Tags
Wall St, Economy

Clueless and Heartless

how can anyone be this detatched from reality

I am so proud to be from the state of Minnesota. We're the workingest state in the country, and the reason why we are, we have more people that are working longer hours, we have people that are working two jobs.

She thinks a person having to work two job is a positive sign. This is a perfect example of what is wrong with DC, they are unaware of the harsher realities of our economy. Here is a hint, most people working two jobs are doing this out of desperation.




Tags
Employment, Economy