2 cents

2 cents on various recent headlines/stories: 1. CES & the illegal residents move: was completely about getting Hispanic votes in the next Nov. election and was done in an unconstitutional way (just like CESCare). Don’t be surprised if this ends up at the Supreme Court as well. Of course the other motive is to hopefully […]

Depitalism — echoed

Below is something I found on confinedspace.com The person who uploaded did not record the source. Ladies and gentlemen the image below and comments are EXACTLY what I said was happening in the USA and I will say it again – it is a GOOD THING. Depitalism is bad for the households. What is going […]

Depitalism and the rest of 2012

June 1 NYT article Weak Hiring May Force the Fed to Act The NYT article is peddling information and commentary based on the wrong premise. The reason why the economy is STILL not recovering is not because the FED has not done enough. The reason is one simple one that has several implications. The SOLE […]

reducing taxes or realities of depitalism?

An informative chart that was shared on an article on someone’s explanation about whether reducing taxes will result in better employment statistics. I will state again, what is driving the sluggish economy and high unemployment numbers is: 1. lack of confidence in leadership of government (federal, state, city) 2. demands of payments for overspending in […]

What’s that smell?

The Federal Reserve significantly reduced its forecast of economic growth through 2013, acknowledging that it had once again overestimated the nation’s recovery from the 2008 financial crisis. Full story here 2 cents: Gee, so for the last 3 years you mean we haven’t been in a recovery? Note that the opening sentence states “once again” […]

Depitalism – need to correct our economic infrastructure

This article in today’s USA Today points to what I have been writing about – what I refer to as Depitalism. Quote from article: “While some progress in consumer debt reduction has been made, the heavy lifting of meaningful deleveraging still lies ahead,” the study says. Until consumers repair their balance sheets, they are unlikely […]