Debt

Kalifornia: The IOU State

07.07.2009 My Rants

It has been said that if California was a country it would have the 10th largest economy in the world. Lately, however it seems that California has lost its luster. California has managed to take its self from a first rate economic juggernaut to what could be classified as a third world country. Aren’t most third world countries mired in huge debt and don’t have the money to pay anyone?

Tagged as: Business, Debt, Government Bailouts...

Is it Barack Obama or Jimmy Carter?

06.16.2009 Business

It isn’t enough that Barack Hussein Obama is pimping his plan at every dog and pony show but he has now commandeered the All Barack Channel (ABC) to run his govermercial care bull. In addition to running his govermercial care the President is failing to provide equal time to the other side of socialism. How convenient? Where the hell is Michael Moore and his in convenient hijacking of public TV channels? The FCC wouldn’t allow this shenanigans during an election. The RNC has filed a complaint to ABC News but was mocked.

Tagged as: Debt, Government Bailouts..., Politics

Greed is Good

06.09.2009 Business

Greed motivates people in amazing ways. Today the United States Treasury Department approved 10 banks to repay over $68 billion in bailout money. Its amazing how 10 of the nation’s largest banks who just months ago were begging for billions of dollars of money in bailouts have suddenly found a method to pay off their Troubled Asset Relief Program (TARP) accounts.

Tagged as: Bail Out, Business, Debt

My New Letter — The New Deal 2: The Bad Sequel

10.13.2008 My Rants

Do to my very successful letter/email writing campaign I am writing Senator John McCain. McCain has recently suggested that the Federal Government should “Buy Back American Home Loans with $300,000,000,000 in Tax Money” McCain would like the US Treasury to become a Mortgage institution with just a few strokes of his pen.  I find this [...]

Tagged as: Debt, Politics