ButAsForMe 

Economy

Is Release Of Oil Reserves A Signal Of Panic In The White House?

June 29, 2011
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Bernanke is at a loss as to why the economic recovery once again is on life support. 429,000 unemployment claims up by 9000 this past week, the biggest jump in a month.  Obama shortens the time line for withdrawal of troops from Afghanistan; and now without any sign of a supply disruption, he releases 30M gallons of [...]

Tagged as: Afghanistan, Bernanke, derivative reform, Economy, Federal Reserve, hedge funds, nation's oil reserves, Obama, shadow government, U.S. Foreign Policy, unemployment claims, wall street speculators

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It’s Jobs, Stupid!

February 16, 2011

Republicans have already forgotten the major issue that created their victory in the November Election, regaining the U.S. House of Representatives with the help of the Tea Party, and have returned to  promoting their partisan agenda. The lame duck session and their inflationary tax breaks were passed not in the name of curbing the national debt, but in the name of [...]

Tagged as: A U.S. Regime Change?, Boehner, Deficit Cutting, Democrats, Economy, GOP, Jobs, Jobs v. Deficit, Lame Duck Session 2010, Main Street, Obama 2011 Budget, Republicans, Taxes, Tea Party, Wall Street

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Snowstorm or Slowdown For After Christmas Sales–Weather or Forecast?

December 27, 2010

Many retailers are hoping that the slowdown of After Christmas Sales is due to the recent bad weather.  However, in areas where the weather is usually risky, this year there’s a noticeable lack of lines for returning gifts and a lot of holiday inventory still on the shelves despite the increased control of inventory by [...]

Tagged as: After Christmas Sales, China, China Tightens Belt, China's Burgeoning Middle Class, consumer confidence, Economy, Inflation, Reformed Liberal, Retail Holiday Sales, Retail Sales Slowdown--Weather or Forecast

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Increased Consumer Confidence or Hype?

November 28, 2010

The mainstream media is reporting that consumer confidence has increased based upon the sales on Black Friday.  However, although sales are up it is rather naive to suggest that this marks an increase in consumer confidence. Thanksgiving was first instituted by Lincoln and finalized as an official holiday by FDR in 1941.  The business community [...]

Tagged as: Black Friday, Black Friday hype, Consumer, consumer confidence, Economy, Foreclosures, Inflation, retailers, Taxes, unemployment

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Is Michelle Obama The 21st Century Marie Antoinette?

August 6, 2010

The First Lady is not patterning her lifestyle in the White House along the lines of Eleanor Roosevelt, but more along another First Lady–of France, Marie Antoinette, as she vacations in an exclusive area of Spain’s Costa del Sol, a playground for the rich and famous.  As reported yesterday by Jack Cafferty of CNN, with an invited guest [...]

Tagged as: Costa del Sol, Economy, First Lady, Gulf States Economyy, Mic helle Obama, Michelle Obama's Vacation In Spain

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400,000+ File For Unemployment In One Week

July 24, 2010

You would think that such a large number couldn’t  go under the media radar, but somehow it has.  Initial job claims for July 10, 2010 came in at 429,000, an improvement over 2009 figures and less than projected; however.this is an adjusted figure, the unadjusted figure was highe.  Plus, the following week of July 17, 2010 [...]

Tagged as: 400000+new unemployment claims, Bush Tax Cuts, ButAsForMe, consumer confidence, Economy, Hiring, housing market, July 2010 Unemployment Rates, lagging unemplopyment, Reformed Liberal, tax cuts

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Breaking News: Stocks Slide As Bernanke Tells Congress Economic Outlook Unclear

July 21, 2010

Federal Reserve Chairman Ben S. Bernanke, with continued worries about unemployment, appeared before Congress today indicating his apprehension about longterm deficits. According to Dan Greenhaus, chief cconomic strategist at Miller Tabak & Co., the Fed Chairman’s statements show concern for “draining liquidity rather than providing more stimulus“.  Bernanke emphasized that increasing national savings was an imperative and forecast real problems [...]

Tagged as: Bernanke, Economy, Federal Reserve, Market Slides, unemployment, Walll Street

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What Does It Take???

May 31, 2010

The system is broken.  We see the collapse at all levels of government–our economy and our ecosystem are just the symptoms of the disease that is affecting the United States.  Technology gave us a new electorate who elected an American Idol President.  Democrats and Republicans point at each other in sound bites and then go back [...]

Tagged as: america's wake up call, commentary on oil spill and economy, Economy, oil spill, u.s. apathy, u.s. electorate

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Death Without Mourning

November 12, 2009

Tagged as: ARRA, Change To Believe In, Economic crisis, Economy, Health Care Reform, Main Street, Obama Administration, Reformed Liberal, Stimulus Package, Taxes, unemployment, Wall Street

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Joke Of The Week: Irritating Phrases Made By Politicians

October 28, 2009

Fox News reported the phrases spoken often by politicians that voters find irritating.  Here are five that either have become annoying to us, or at least, ones that we consider particularly tiring and our spin on them: “Let  me be clear…”interpreted as I have to correct a statement  because either I or someone in my [...]

Tagged as: Add new tag, Economy, jobs saved, obama phrases, Political Humor, Reformed Liberal, unemployment

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“O”lympics, “O”bamas, “O”prah–Too Many Zeroes!

October 8, 2009

Not even close!  Floating the bid for the 2016 Olympics, Chicago’s balloon went down faster than the Hindenburg on Friday finishing 4th out of 4.  And why does this come as a shock?  There wasn’t overwhelming public support for hosting  the Olympics.   45% of Chicagoans believed that with the recent economic downturn,Chicago’s and Illinois’ [...]

Tagged as: 2016 Olympics, Chicago's Bid for Olympics, Economy, Obama, Oprah, Public Funds

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