A new report by the Center on Budget & Policy Priorities has released a new study stating 23 states have raised taxes of all types, regressive "item" taxes such as cigarettes, automobile licensing fees, business taxes, property and personal income. States have also slashed social services.
There are those that honestly think you can make a sustainable economy based on people buying things they don't need with money they don't have. Then there are those who just want to sucker in the sheeple so they can fleece them one more time.
Finally, there are the sheeple themselves - so scared that they will buy into any feel-good message about Green Shoots that the politicians and media sells them, and even defend it.
What none of these three groups want is for the general public to know what the actual numbers really are.
They don't want me to show you what I am about to show you.
The FDIC agreed to have First Bank of Troy, N.C., take over Cooperative Bank's 24 branches and nearly all of its assets. Cooperative Bank had total assets of $970 million and total deposits of $774 million.
United Community Bank of Blairsville, Ga., will assume Southern Community bank's five branches, its $307 million in deposits, and nearly all of its $377 million in assets.
And Bank of Kansas of South Hutchinson, Kan., will acquire First National Bank of Anthony's six branches, its $142.5 million in deposits, and nearly all of its $156.9 million in assets.
There have been 40 banks that have failed in 2009.
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!
Before we get to the documentary, if you missed this one, it's a must watch! Before Congress, health insurance executives refuse to stop rescinding health insurance coverage, retroactively, when a person actually gets sick! Reminds me of the big Tobacco CEOs Seven Dwarfs famous clip, all under oath swearing they did not believe nicotine is additive.
A picture is worth a thousands words, and this map shows the loss of a couple of hundreds of thousands of jobs. This map shows the current unemployment in each of the 50 states, and in 13 of them, that rate is above 10%.
At least in part, this map shows the immediate impact of the shutdown of much of the US auto industry. With most GM and Chrysler plants idled beginning in early may, a large number of parts suppliers have followed suit. As a consequence, the industrial region around the Great Lakes has seen unemployment jump to heights not seen since the late 1970s.
There is no doubt the illegal alien lobby will scream bloody murder over this, but due to the fact California is about to collapse and default, Governor Schwartzenagger is considering the obvious, instead of paying for illegal immigrants who are sitting in California's prisons costing the state money, how about handing them back and let that country be responsible for their own citizens?
What a concept and he's not releasing the violent felons either.
Can't keep track on the latest with health care? ( except to know when it comes to getting rid of those for profit bottom feeders driving up costs you're guaranteed to save their profits first and actual sick people will come last or maybe you are aware of all of the lobbyists pouring money on Congress as well as ads on your TV trying convince you to guarantee their profits)
You're in luck. The New York Times is running an online spreadsheet with the latest proposals. It's a matrix.
Today Yesterday was the big day to get the details of the Obama administration's financial regulatory reform proposal.
The actual Report is uploaded to EP and available here.
Some tidbits I noticed:
We propose to enhance the Federal Reserve’s authority over market infrastructure to reduce the potential for contagion among financial firms and markets. (p. 7, 2nd para)
New agency, modeled on, but not FDIC, for non-financial institutions and holding companies.(p. 8, para. 7)
New Financial Oversight Council reports to the Federal Reserve (p. 9, I.a.1)
Repeal of just reporting of Gramm-Leach-Bliley Act (?) (p. 11, para 1)
YAA(yet another agency) National Bank Supervisor created
Consolidated Institution Regulation moved to....Federal Reserve
If you layer on enough condiments and toppings, even a dog turd sandwich can look good.
At least that is what the financial media believes. Take for example this headline from today: U.S. Unemployment Benefit Rolls Fall.
(Bloomberg) -- The number of Americans receiving claims for unemployment benefits dropped for the first time since January, adding to evidence the job market is starting to thaw.
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!
Recent comments