Movie Trailer:
H/T Lee Stranahan Lee has the whole movie hosted on his blog…
Category Economics
The Prophet Alan Keyes one year ago….
Healthy Families Make A Healthy World!
Instapundit: Job Loss Expectations
Going Galt
Go Here to read an interesting take on the Job Situation
Quote from a businessman who annonymously summed things up for Glenn:
“Glenn, in the unlikely event you publish this email, I’d ask you not use my name. As a partner in a midsize firm (annual gross about $50,000,000) I can give you our perspective on hiring: we’re not doing it. And we’ve always been in hiring mode in the past. We’re not struggling, but we simply are not willing to take on the risk of hiring people in this environment. Just look around: small businesses are still closing. How many “For Lease” signs do you see right now in front of empty commercial properties that used to house small and mid-size businesses? With taxes and interest rates expected to rise later this year or next, thus sucking even more cash out of the economy, and consumers still cutting personal spending, most businesses would be idiotic to go on the type of hiring sprees that would be necessary in order to create robust job growth. Instead, many businesses are still looking everywhere they can to slash expenses. Unfortunately, that includes payrolls.
I doubt anybody in the Obama Administration gets this. They’d have to take a break from their obsession with health care reform, and you know, actually talk to people who run businesses to understand what’s going on. But except for hobnobbing at fund raisers with the occasional fund manager or Fortune 500 CEO who’s so rich he can afford to be a liberal Democrat regardless of what happens, they don’t do that.”
Healthy Families Make A Healthy World!
Fed earned $45 billion in 2009: report
Federal Reserve
Click on the image to get to an article on the Ron Paul web site titled “The Case against an unaccountable Federal Reserve”
Time to AUDIT the Fed! (And then get rid of it!)
“WASHINGTON (Reuters) – The Federal Reserve made record profits in 2009 and will return $45 billion to the Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington Post reported.
The $45 billion reflects the highest earnings in the 96-year history of the U.S. central bank, the newspaper reported on its website late on Monday. The figure was obtained by calculations based on public documents, the Post said.
The Fed funds itself from its own operations and returns its profits to the Treasury. The largest previous refund to the Treasury was $34.6 billion in 2007, the Post said.
The report said much of the Fed’s higher earnings were sparked by the central bank’s aggressive program of buying bonds to push interest rates down and stimulate growth.”
Healthy Families Make A Healthy World!
NY Post: Time for Tim to go
I don’t know that he should resign, someone should slap his bum in jail.
“After a string of personal and political bungles by Treasury Secretary Tim Geithner, critics of the country’s top money man are wondering what it takes to lose your job in Washington DC.
Geithner’s fielding a fresh round of criticism after e-mails surfaced last week that showed he forced insurance giant AIG to keep quiet about tens of billions of dollars in payments it made to several Wall Street banks — payment that represented full payouts funded by taxpayer cash that the banks otherwise wouldn’t have received”
