Wal-Mart Warns of Democratic Win

Looks like even Wal-Mart sees that democrats controlling both branches of Govt is a bad idea.
They too see Obama’s socialist tendencies. Couple that with those of Pelosi and Reid and you have a situation that could very well bury this economy for good.
Sounds great right?
News Link
Wal-Mart Stores Inc. is mobilizing its store managers and department [...]

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Obama’s ‘emergency’ economic plan

Tax Oil companies.
News Link
Sen. Barack Obama (D-Ill.) on Friday announced an “Emergency Economic Plan” that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls “windfall profits from Big Oil.”
Details are in this six-page policy paper.
The first part of Obama’s plan is an emergency energy rebate [...]

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Mae, Mac and Indy

These last couple weeks has been filled with more economic woes.
IndyMac has failed, mostly fueled by speculation of its demise which forced a run on the bank. Always a dangerous thing. Part of it, if not most of it was fueled by a letter written by Senator Chuck Shumer of NY on June 26th. Midday [...]

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Why I don’t want to drill for oil in ANWAR.

Over the years I have found out that I tend to be fiscally conservative and socially moderate. That means, of course, that neither party has much use for me. Not socially conservative enough for the Republicans and definitely not liberal enough for the Democrats. Heck, I have absolutely no reason to vote for Obama and [...]

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Tipping Points

If you haven’t read it, Malcolm Gladwell’s book “The Tipping Point” sort of set the stage for a new view of economic events and if you have some free time, it’s worth a read. I have been mulling over this post for some time but this week just has to be analyzed, especially in its [...]

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Recession? What Recession?

WASHINGTON (AP) — The economy plodded ahead at a 0.9 percent pace in the first quarter — slightly better than first estimated — but still underscoring caution on the part of consumers and businesses walloped by housing, credit and financial problems.
The new reading on gross domestic product, released by the Commerce Department on Thursday, was [...]

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Risk of Recovery (Part II)

The gyrations continue and there’s little to do but watch it play out. For what it’s worth it sure likes like we have one heckuva struggle going on. The players are the economy, oil, and the dollar. On any given day, the order will change but we have a strange situation where the three are [...]

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Risk of Recovery, Part 1

Bull or bear the truth is everyone is trying to figure out where we go from here. As always, the small investor is probably just as lost as the talking heads are to sort things out. Has the recent runup in the market indicated a bottom or is it just a blip? One thing you [...]

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Bailout #2

So if the bail sterns deal was not bad enough, house democrats want to bailout as well homeowners as well at the expense of course of tax payers. You know the endless pit of money that we are.
I have noted in previous posts how AWFUL their plans are and the HUGE ramifications they will [...]

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Where do we go from here?

Are we in recession? Are we going to be in recession? Does it make any difference? Does it make any difference to me? For most of us, only the last question is important. We are coming up on the end of earnings season and, all things considered, it wasn’t that bad. The Federal Reserve that [...]

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Record number of Americans on Food Stamps

As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record
By ERIK ECKHOLM
Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in the 1960s.
The number of [...]

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Government Benefit Programs in Trouble

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Trustees for the government’s two biggest benefit programs warned Tuesday that Social Security and Medicare are facing “enormous challenges” with the threat to Medicare’s solvency far more severe.
The trustees, issuing a once-a-year analysis of the government’s two biggest benefit programs, said the resources in the Social Security trust fund will be depleted by 2041. [...]

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Truckers ‘going broke’ and threatening to strike

News Link
What started as a small, online grassroots effort now appears to have the potential for something bigger.Dan Little, the owner/operator of a livestock hauling company in Carrollton, Mo., estimated Tuesday that at least 1,000 other truckers from across the United States have committed so far to joining him in a strike on April 1.
Although [...]

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