The Weakest Bang for our Wilting Dollar – How we Overpaid for the Bailouts and were left with a Wilting Economy Propped up by Government Spending. Paying $446,000 Per Loan Modification and $43,000 for Homes that were already going to be Purchased.
So much horrible policy has occurred since the economy entered recession that the majority of Americans are shell shocked with each day of news. It used to be that a billion dollars in toxic assets was enough to garner some movement out of the market. Now, we talk about trillion dollar deficits as if they […]
Middle Class Americans Losing Financial Ground on Retirement – As Stock Market Rebounds more Middle Class Americans Have Less Money and Fewer Jobs. How is Health Care Spending Boosting GDP a Good Thing?
As more and more data is released on this Great Recession it is becoming abundantly clear that we have two tracks people are following. On one track where most travel, we have middle class Americans dealing with the highest unemployment in a generation while seeing their net worth dissolve. On the other side of the […]
631 Million Credit Cards for 113 Million Households – Credit Card Excess Contracting for First Time in 40 Years. How Plastic Hid Middle Class Financial Decay.
It is estimated that in 2010 we will have 181 million Americans carrying credit cards. Now this is interesting given that Census data from 2008 only shows 113 million households. The credit card is ubiquitous flowing through our economy like a river of easy money. Yet credit cards have become a major pitfall for many […]
Breaking the American Bank – Banking Propaganda and Using the American Middle Class as a Credit Card for Wall Street Excess. How About we let the Average American Borrow from the Federal Reserve at 0 Percent and cut out the Loan Shark?
Banks are showing their true colors and what little regard they have for the average American. As they advertise with cute and friendly faces assuring consumers they are looking out for their best interest, behind their backs they send in a locust of lobbyist onto Washington to do everything in their power to gut any […]