Since the depths of the financial crisis in early 2009, the Dow Jones Industrial Average has soared 105%, rising from 6,627 on March 2, 2009 to a recent high of 13,610 on October 1, 2012. At the bottom in early 2009, most investors were contemplating the collapse of the entire U.S. financial system and the […]
How Did Americans Feed Themselves Before Food Stamps?
November 10, 2012 Leave a Comment
We can pretend not to see it but something is very wrong when 45 million people or almost 15% of the entire population of the U.S. allegedly can’t earn enough money to feed themselves. Is the explosion in the food stamp program a result of fighting hunger in America or is it the result of […]
Allen West On Why Democracies Are Self Destructive – Free Everything Cannot Work
September 20, 2012 Leave a Comment
Mitt Romney raised a firestorm with his comments about the large number of Americans relying on government handouts for survival. Adding to the debate, Congressman Allen West of Florida penned a thoughtful reply which concludes that the country cannot survive unlimited dependency. By Rep. Allen West WASHINGTON (MarketWatch) — Gov. Mitt Romney’s comments about the […]
It’s Not Your Imagination – Our Living Standards Are Collapsing
September 4, 2012 1 Comment
No one likes earning less this year than last year. If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble. The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]
Achieving The “American Dream” Is A Fantasy For Many – How Do You Measure Up?
July 21, 2012 Leave a Comment
A recent study by The Pew Charitable Trust concluded that the current generation has little to look forward to in achieving the “American Dream”. In fact, fewer that one-third of Americans can expect to exceed the level of wealth and income achieved by their parents. This depressing study, entitled “Pursuing the American Dream” probably only […]
It’s The Debt Stupid – Economic Growth Is Suffocated By Excessive Government Borrowing
July 20, 2012 Leave a Comment
Carmen Reinhart and Kenneth Rogoff, in their best selling book, This Time Is Different, have examined sovereign debt defaults over the past eight centuries from around the globe. Based on their in depth analytical studies, the authors conclude that large scale financial crises such as 2008 inevitably lead to ruinous increases in government borrowing and […]
Karl Rove Shreds Obama
May 22, 2009 Leave a Comment
American Dream Turning Into A Nightmare Hard questions are being asked as we confront major issues that will challenge our concepts of traditional American culture and society. The ongoing financial crisis is exposing the myth that America has no fiscal limitations and is able to provide the benefits, wealth and security that many believe […]