Buffet Offers Optimism To Krugman

Warren Buffet has presented a rosy sunshine picture of the U.S. Economy to contrast against the desolate landscape in Paul Krugman’s warnings of “the early stages of a third depression.

I believe Buffet may be practicing the concept that psychology rules a large part of every economy. As strange as it is, it might help change a ‘fragile recovery’ to a ‘full recovery’ just by beating the drums of “we are coming back.”

The stimulus is working, though more money should have been allocated directly to the states that need it the most. And in the next two or three years is certainly the time frame in which we will know if Krugman or Buffet was right.

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What Was Nancy Pelosi Crying About?

Something dangerous that is easily used for ill. Something we see running wild in right-wing politics.

But before we get to that we have to retrace our steps to around the time we experienced the recent global economic meltdown:

1. After lowering taxes, starting two wars, and doing nothing to warn of the coming recession, former President George W. Bush engaged in a government spending program giving out a Stimulus Check to people like myself who are not making any money. Then he bailed out the banks, and we lost a good chunk of the TARP” money in the exchange for his efforts.

2. Unsubstantiated claims about The President of the United States Barack Hussein Obama ranging from claims that he has a falsified birth-record, to claims that he was secretly of Islamic faith, to claims that he was a cloaked dictator, to claims that he was involved in the disaster of the Bush Presidency, to claims that he was trying to forcibly legislate an increase abortions, to claims that he was being dishonest in his Address on Health Care to Congress. Even with nothing but wild conjecture, oppositional profiling, and personal bias behind all these claims they are still touted across the so-called “news” media.

3. The first round of “tea parties” was thrown only after President Obama began the Obama Stimulus, and despite their claims they were funded by GOP big-money thus most certainly were not a “grass roots” movement. The second round of “tea parties” has been mainly hijacked by FOX News & Glenn Beck with his 9/12 Protest” on Washington. Just like before they claim their problem is “taxation” but they neglected to protest when the previous president took actions that, under their own logic, would lead to higher taxation through “bail out policy” and a “stimulus program”.

4. Outright violence, the brandishing of firearms, the direct rejection of direct reading of proposed legislation, and extreme levels of verbal hostility toward Pro-Reform activities was the true end result of the national debate on health care via town hall meetings across this country. There has been an electronic publicly conveyed death threat against the president and a Federal Census worker has been brutally slain under highly dubious circumstances that may amount exactly to the kind of anti-government rhetoric the right-wing is promoting so avidly.

So what was Nancy Pelosi crying about?

Populism is on the rise in North America.

The worst kind of Populism that exists, the purely fascist brand of populist-thought.

It revolves around thinking that all not in agreement with you must be “indoctrinated” or “flawed” and that you and those who associate with your thinking have the purest-form of all logic.

This fascist-mentality, when mixed with elements of pure populism, makes for an atmosphere of violence. What is worse yet is there is no true agenda to this brand of Populism that we see before us today.

They quite clearly only wish to attack the Obama White House and have no real set goal beyond constant smears as can we clearly seen by the fact that if they got Obama out of office that Joe Biden would be president, and after him Nancy Pelosi.

So they wouldn’t be pleased with even two supposed impeachment proceedings, they would have to go for three and I assume try to install John Boehner. This entire movement has reached a point that it is and actual danger to our society.

Because it is Populism without Peace, it is a form of Populism I can never associate with.

I dream of a day when people could come together and settle many differences as respectful and honest citizens of this great nation, and on that day I would speak of Populism being a good thing. An element that drives democracy and brings people to the table. Something that can enhance our understanding of one another as we come together on common goals. Such a day when we could throw away political parties, or perhaps introduce more, fresh ideas into the national dialogue and power structures of Washington.

But that day is not today.

There is no doubt.

What we see now is simply an anti-Obama crusade of populist-rhetoric that is being used to spread inaccurate claims instead of reasonable discussion on facts.

Misused, as it has been in this case, Populism is a very dangerous thing.

However, the “Cash for Clunkers” program is an example of what I believe is the true essence of Populism. The majority agreed and all parties involved were satisfied of those who took part, and in the end populism ruled because the demand far exceeded the value.

When something is truly good for the whole, and the majority wants it, a Liberal Populist like myself is working toward that end.

When something is only a benefit to the selective few, and loud minority wants it, a Fascist Populist like Glenn Beck is working only toward his own selfish ends.

These are dark days in North America.

The lies continue to spread, the right-wing political-media continues to be corrupt, and people are buying more guns and ammunition than ever before.

This danger does not stop at Obama’s doorstep.

This threat is upon anyone they deem against them.

May God have mercy on all their souls.

Bernanke On The Record

ben bernanke

“My goal is to talk to people outside the Beltway to hear what they are thinking, and do the best I can to explain what’s happening in the economy.”

Many people who care very little for facts have been saying a great deal of nonsensical words in regards to conspiracies and wild theories. In this time of historic actions being done by the government in what amounts to an expanse in federalism it is important to understand the truth of the matter and not allow yourself to be lead astray by people who care nothing for the truth and only seek to promote their own twisted agendas.

Federal Reserve Chairman Ben Bernanke recently did a open forum event hosted by PBS in which the public could ask him questions in regards to his job and the state of the American economy.

Reality Check: Economics in America

1.globe_and_moneyLet it be said that I am not bought off and not invested in how much money you make one way or the other.

I am one of last people on the web that is willing to tell the truth and attempt to remove all the shadowing and spin that resides over all that is the media.

Allow me to be plain:

We are headed for a depression.

I repeat this as a man with three businesses and a successful career in marketing said this statement to me.

A math teacher of high credentials has said to same to me in the past year.

You won’t hear this from the bought and paid for economists who sat on their hands and let our economy crumble beneath us as they remained mute.

While the word ‘depression’ in regards to economics is about to appear on the FFC Banned Words List there is much to be understood about what awaits us.

I’ll remove as much jargon as I can.

The economy will go up. But then it will come back down again.

They call me a “W” in terms of my economic perspective in that I believe we will regain strength in the market in coming quarters. But I think these will be temporary gains and ultimately we will fall back into a recession cycle that will lead to a depression.

Most media economists tell you that they are a “V” which to me just denotes that they are blindly optimistic or much more likely bought and paid for.

Some maintain that there will be no improvement and they are labeled the “L‘s”.

And some still think we will have gradual and slow recovery that is unhampered and they are labeled as “U‘s”.

Anyone like myself who speaks of a forthcoming American Depression would squarely fit into the “W” or the “L” camps.

However, the notion that all hope is lost is a false one.

Most of us ‘money-savvy’ people already know that fortunes can be made in depressions and that the wealth of the nation will not dissolve into thin air but rather will be distributed down to the people who have the intelligence and the foresight to take advantage of the downturn.

This is just a sliver-lining though. Each family should take real steps right away to build up the value of your home, maximize your portfolio and be prudent about major expenses.

But it’s important to realize that if we are going to prove me, a math teacher and a successful business man wrong that this nation will have to refocus itself on consumer spending.
If all of America continues to tighten it’s belt in this endless fashion then you begin to see why some predict this outcome at a latter date. Most say about three years and I would estimate a little longer span of time but the same end result.

Tracking The Stimulus Money

The most obvious choice for a tax-payer who is interested in learning more about the stimulus money and how it is being spent is Recovery.Gov.

There is also the addition of the website Recovery.Org to the mix.

But the most open-sourced transparency and best place, in my opinion, to address this issue while using the internet as a source would be at the George Mason Unversity’s Mercatus Center who recently released the website StimulusWatch.Org.

If you desire to take a more direct approach to tracking the funds you should visit ShovelWatch.Org.

eTrade and the Recession

I have been intentionally over-paying those little everyday expenses like tipping and things like not using the local ‘insider’ coupon clip.

It’s been awhile for me personally since I bought a product online, but supporting eTrade is another way is try to do your little part to shoot some life into the economy while your online.

I plan to buy the next gift for someone special via online.

Net-Trade is complex for the ordinary consumer to understand but there are multiple ways to support domain hosts, web loggers, local businesses and local markets.

Change starts at home.

Making your home more energy efficient in every way possible is a sound investment. Energy costs are not likely to drop in any foreseeable future.

This is just one of many steps I suggest you take to affect real change in your local environment and community.

The federal government can only do so much. Each bailout and stimulus they devise will ultimately fail if the Consumer Markets do not participate.

We need to take the time to educate ourselves enough as citizens to better understand our role at this stage in our national economy.

We all can make some difference.

We all can effect some amount change within our respective spheres.

Boom and Bail Economy

Boom and Bust” economies are easy enough to understand but I wonder if many Americans have come to have a grasp on what exactly this previous economic model that hopefully will be forever trashed exactly is and should be termed.

Boom and Bail” as coined by Naomi Klein.

We all on a “economic-boat.” Certain people aboard created holes of corruption with their corrupt practices.

As we take on water and the earnest crew members try to salvage the situation there is much need to look around at those we pass the buckets to.

Which of them bore the holes? Which of them would yet still commit folly at the heavy cost to us all?

I threw my lot in with the new captain and I remain behind his strategy.

We are the most epic and monolithic vessel ever to sail these seas. Our efforts would only naturally appear preposterous and outlandish to our counterparts who suffered the same storm as we.

We must remain steadfast. Do our bit and make our voice known.

Nothing more. Nothing less.

Allowing the Boom and Bail Economy to repeat its course would result in nothing but a trip to the bottom of the ocean.