It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
First is quite a bombshell from Bill Moyer's Journal on the financial bail outs. Congress Representative Marcy Kaptur and Economist Bill Simon brazenly say Wall Street is in charge of the government. This is a must watch.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
A very nasty small business job creation graph by the Atlanta Fed caught my eye. Below are the number of jobs lost by small businesses. The blue is small businesses less than 50 employees. Now look at the job creation and destruction for this recession, 45%.
Brought to you by the Mythical Jobs Saved by the Stimulus - So what we spent $800 billion dollars to have 10% unemployment. Our press releases look good!
Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...time to check out the Funnies!
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
New America Foundation, Policy Director of the Economic Growth Program, Michael Lind is on a roll. He's pulling in a host of economists and policy formulators who really are speaking truth, interviewing them an' putting 'em on the Internets. You're going to love these interviews with Thomas Palley, Ralph Gomory, Pat Choate and Peter Morici.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
The NAHB has also been arguing to expand the tax credit from $8,000 to $15,000. But using $8,000 per home buyer - and estimating 5 million home sales over the next year - the total cost of the tax credit would be $40 billion.
According to the NAHB this would result in 383,000 additional home sales. Dividing $40 billion by 383 thousand gives $104,400 per additional home sold!
The new SIGTARP report is out and it's not the bombshell last month's report was.
Below is an interview with SIGTARP inspector general Neil M. Barofsky that's just dynamite. MSNBC anchor Dylan Ratigan has coined a new phrase, Corporate Communism to describe how taxpayers are getting the shaft while a select group of financial institutions can do no wrong.
An earlier post gave a preview of this report. The claim some healthy banks were receiving TARP funds was fiction and done simply to boost investor confidence.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read #1
Chris Whalen says Q4, 2009 will be a bloodbath for banks. It's a long video interview talking about how the original bank problems have been simply put off but have not gone away. This is completely contrary to Goldman Sachs upgrades on TARP banking companies recently. He also says the real U.S. economy is dying.
This is a major h/t from Naked Capitalism who expands on the prediction. This quote:
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did. With that, EP is starting the infamous link post series, otherwise known as read this, did you see this? The title of the links series will be the title of this post with the date modified. With introductions over, onto the read this post!
Must Read #1
Over on Naked Capitalism is a guest post The Real Reason Giant Insolvent Banks are not Being Broken Up. He has a host of bullet points as to why the obvious hasn't happened and no, it's not because the governent's hands are tied. Just one quote:
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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