The Economic Storm Is Nearly Upon Us;Can We Ride It Out?

The storm clouds are gathering and getting nearer.

All but the most myopic among us should clearly see that an economic meltdown of  the U.S. financial system  of nearly historic proportions has begun.
Foreclosures continue to rise with millions more expected over the next several months.
Home prices continue to fall and it is anticipated that this, too, [...]

Bush Gets His Way-Senate Approves Surveillance Bill; Obama Votes For It

The U.S. Senate once again showed that it can’t stand up to Bush–this time by approving a new surveillance bill that, among other things, will block lawsuits against telecommunications companies such as AT&T and Verizon  that accuse them of helping to spy on U.S. citizens.
It has already passed the House and Bush is expected to [...]

Barack Obama’s Mile High Party-At A Football Stadium!

Guess this is what Barack Obama meant by change–he says he will accept the Democratic party’s presidential nomination at a football stadium in Denver instead of at the convention center where the convention will actually take place.
Obama’s rationale is that more people can fit into Invesco Field (about 75 thousand) than in the 21 thousand seat [...]

Economy Worsens: Why Neither Obama Nor McCain Can Help Much

The truth of the matter is–the world’s economy is so interconnected now, there is little any occupant of the White House can do to bring up significant change in such things as employment, the price of oil and the escalating cost of food.
Both John McCain and Barack Obama have their “plans” for so-called economic stimulation, [...]

Any GOOD Economic News? NO! Dow Down. Oil Up. GM Out?

The economic news just keeps getting worse daily it seems.
Today alone, the following:
The stock market–the Dow Jones to be exact–plunged faster than a penny off the roof of the Empire State Building.
The Dow reached its lowest level in about two years, down almost 360 points!
Oil futures kept climbing, now passing the $140 a barrel mark.
Shares  [...]

Obama & Clinton To Campaign Together Friday

It’s not exactly like being picked to be Barack Obama’s running mate. But Hillary Clinton will still get  to share the spotlight with him Friday when they appear together in New Hampshire to show unity.
Of course, it will be a good testing ground for Obama to judge what the reaction is to the two [...]

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