As Wall Street rejoices over economic “recovery”, main street continues to reel over the pain and fear of unemployment. The formula for recovery appears to be this – give trillions to Wall Street and stocks will rise. I have higher expectations for recovery. National policy has fallen short once again. Local action is the answer for unemployment and real recovery. (more…)
Posts Tagged ‘Economy’
What is More Important in Economics- National Policy or Local Action?
Friday, November 13th, 2009Can America Go Bankrupt?
Thursday, October 29th, 2009As the country moves past $10 trillion in debt, is there a limit? Is it possible for the government to go under? Since China seems to be the main creditor for us, what are the consequences of not paying them back? One thing is for sure, I don’t trust the government economists and Wall Street analysts to have the answers. (more…)
Is Small Business Obama’s Cinderella?
Wednesday, October 21st, 2009You know the story. The evil step mother and the two ugly step sisters take advantage of the beautiful and neglected Cinderella. This is a metaphor of our economic times. In my story the evil step mother is big government and the ugly step sisters are banks too big to fail and fat Wall Street companies. Obama is the cool Prince and small business is Cinderella. (more…)
Which is more important, Wall Street or Main Street?
Wednesday, October 14th, 2009According to Obama the economy is in recovery. According to me the economy still sucks. Who is right? The answer depends on your street perspective. Are you living on Wall Street or Main Street? (more…)
What would happen if gas were $1 per gallon?
Tuesday, September 15th, 2009I drove past some windmills in Illinois last week and noticed they were not moving. I guess there was no wind. The big wind is in D.C where they think the economy can come back through Wall Street bailouts, clunker cash, stimulus packages, and monetary policy. I believe cheap prices at the gas pump would do much to bring economic recovery quickly. (more…)