Conflicting Economic News Continues

Aug 29, 09 Conflicting Economic News Continues

Posted by in News, Recession Opinions

Factory output increased by 0.5% in July.  This marks the first time in nearly two years that output improved.  Economists are hoping that this news portends an economic recovery in the near future. The manufacturing sector is greeting this news with cautious optimism.  They know that the increase is partially because they...

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Avoid Loan Default

The necessity of obtaining a college education in an increasingly technological world is a stark reality for those pondering how they will pay for said education.  For the vast majority of new college entrants, government loans represent the most viable means obtaining cash for school.  However, too many bright-eyed and...

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Was Cash For Clunkers Good For The Economy?

Cash For Clunkers was a federal program that subsidized car down-payments for qualified citizens.  In order to qualify, your old car must fall below certain emission standards; and you must agree to purchase a new, greener model.  Customers receive vouchers worth between $3500 and $4500 dollars.  Since its initial inception,...

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Credit Card Act of 2009

Last year, Congress passed a significant piece of legislation.  The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 is the first bill in many years that provides substantive new protections for consumers.  Gouged for years by a greedy and unscrupulous credit industry, Americans have watched their debt to...

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Housing News Belies Reality

Aug 22, 09 Housing News Belies Reality

Posted by in News, Recession Opinions

News reports are awash with the “good news” about home sales.  While I do not want to be overly pessimistic, I am genuinely confused about the rush to declare the recession over.  I want the recession to end.  However, what has been done to address the institutional failures that created the current crisis?  Congress...

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Why the Public Option Is The Floor of Healthcare Coverage

The current healthcare debate has been mired in ridiculous charges and misinformation.  There are many reasons that this “national conversation” has degenerated into the Jerry Springer Show.  The Obama Administration chose not to formulate a healthcare plan.  Rather, they tasked various congressional committees with...

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