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Economics: Haloween 2011

Supercommittee Isn’t Making Super Cuts In The Deficit
Given all the hoopla, you’d think the deficit Supercommittee was hacking away at the size of government without mercy. In fact, even the $1.2 trillion in hoped-for cuts will do nothing to attack our long-term deficits. Sometimes it’s worse to pretend to be doing something … (Read Full Story)

Caving On ObamaCare
Remember when Nancy Pelosi promised that Americans would fall in love with ObamaCare once it was the law of the land? Turns out barely half of Democrats now like it. The Kaiser Family Foundation has tracked public support for ObamaCare since the law was passed. It’s never … (Read Full Story)

Student Loan Debt Shows High Cost Of Federal Aid
When Obama announced changes to rules on repaying college student loans, he said his goal was to ease the financial burden of getting a degree. “We’ve made it a priority to make … (Read Full Story)

Life, Liberty and All That Jazz…

Student Loan Debt Shows High Cost Of Federal Aid
When President Obama announced changes to rules on repaying college student loans, he said his goal was to ease the financial burden of getting a degree. “We’ve made it a priority to make … (Read Full Story)

TRIPLE-DIP FOR HOUSING?
The besieged market has even further to fall before home prices really hit rock bottom. (Read Full Story)

ReTuRN OF THe BaiL OuT THRiLLa!
It’s Midnight this late October night and Central Banksta Zombies Lurking in the Dark… (Read Full Story)

One Third of Americans Say They Have No Spare Cash
Global consumer confidence remained weak in the third quarter with more than 60 percent of consumers saying it was not a good time to spend, and one-in-three North Americans saying they have no spare cash, a survey showed on Sunday. (Read Full Story)

Real Estate Prices Down 35% Since Peak… But It’s Not Over
We remain in the middle of the worst economic and financial crisis in the history of our nation. While there may be isolated pockets of sporadic growth on a month-over-month basis, the long-term trend is one of sustained decline. A 50% to 75% price collapse from peak to trough is not out of the question – though it may be outside the realm of possibility for many. (Read Full Story)

The 2.5% GDP Growth Spin Job
Last week, the government announced the economy (gross domestic product, GDP) grew at a 2.5% rate. The mainstream media (MSM) hailed this as some significant turnaround. Businessweek.com reported, “Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in the July-September quarter, the government said Thursday. (Read Full Story)

Is It the Fault of Zionists?
What is Zionism? … A Zionist is one who believes in a Jewish homeland … “Nothing in all the World is more dangerous than sincere ignorance and conscientious stupidity” – Dr. Martin Luther King, Jr. 1963. When Dr. King spoke those all-too phonetic [sic] words, I don’t think he was thinking about the so-called problems created by Zionist Jewish bankers. I’m pretty sure he wasn’t thinking Jews should be deported, thirty-eight years ago. It would appear the Occupy Wall Streeters anti-Semitic contingent is still spittin’ their stuff. It’s not the fault of the Jews! It’s the fault of Zionists! (Read Full Story)

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