I was unaware that single mothers raising their children could cause a major problem for society. Then I read a book by Levitt and Dubner, entitled Freakonomics, and more recently a second by Ann Coulter, Guilty. Both books detail the hidden damage of single mothers on our society.
The issue: Single mothers have often [...]
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Filed under: Economy, Marriage, women
A number of people have asked me to document how we have spent over $4 trillion in bailout money. Turns out, the graphic below was a snapshot of bailout money and now the total has risen to almost $7 trillion. I believe the final total may top $15 trillion. Of course, I said all this [...]
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Filed under: Economy
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Something they don’t teach at Business School (or in Washington).
Our Tax System Explained: Bar Stool Economics
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the [...]
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Filed under: Economy
The Dow Jones Average has experienced the largest two day drop since 1987, reminding us that our financial troubles are far from over. Jobless claims and a shrinking economy have crushed earnings reports and stock prices. Overnight, Japan was down 6% and European stocks were down 5-10%. Russia is in trouble and China is not [...]
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Filed under: Economy
In a recent television ad, Barack Obama claims that family incomes are falling:
“For eight years, you’ve been told that the way to a stronger economy was to give huge tax breaks to corporations and the wealthiest Americans, and somehow prosperity would trickle down. Well now we know the truth. It didn’t work. Instead of prosperity [...]
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Filed under: Economy, Obama
We just loaned them $85 Billion. But that wasn’t enough.
Everyone. Together now. “I told you so!”
The Federal Reserve announced Wednesday it was lending billions of additional funds to cash-strapped American International Group Inc.
Under the program, the New York Federal Reserve Bank will provide $37.8 billion in additional cash to certain domestic life insurance subsidiaries of [...]
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Filed under: Economy, politics, subprime
