Robert Oak's blog

What Is It About the Hungry and Poor House Republicans Just Can't Stand?

People are broke and hungry in America and the food stamp program has been the only thing between many and starvation.  Food stamps are successful, it has an incredibly low fraud rate and most importantly, America doesn't have starvation filling the streets as a result.  Yet for some reason House Republicans, with Majority leader Eric Cantor leading the charge, want to cut food stamps and force people to starve.

Nearly 40% of the Top Paid CEOs Bombed at Their Jobs

The Institute for Policy Studies has released a no holds barred report on CEO pay, culture.  Even the study title screams outrage, Executive Excess 2013: Bailed Out, Booted, and Busted.  Every year there is a list of the top 25 highest paid CEOs and over the past 20 years this list has included 500 executives.  Of those 500 who made the Wall Street Journal's top 25 highest paid Chief Executive Officer list, a whopping 38% were utter failures at their jobs.

America's Outsourcers to be Reclassified as Manufacturers

Don't like the trade deficit, low GDP and the public outrage over the offshore outsourcing?  Change the accounting method to make it go away!  Such is the agenda of government statisticians it appears.  How they are going to incorporate statistical lies into national accounts is shocking.  Production location no longer matters, the thing that will count is ownership of the final product.

Privatizer in Chief Obama Blames Reckless Homeowners

President Obama gave a speech on winding down Freddie Mac and Fannie Mae, the GSEs often blamed for the housing crisis and a darling of conservative ire.  Government sponsored enterprises, or GSEs buy up mortgages from private lenders and the theory is to loosen up funds to stir additional lending.

Outrageous Economic Shorts - The Great American Middle Class Wipe Out

Welcome to this week in economic outrage.  Every day there are thousands of economic horror stories where one just shakes their head in disbelief at the incessant injustice.  To combat the information overload, we give you a financial follies reader's digest and how those in power could care less about any of it.

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