Obama Won’t Wait for Congress on Economic Fixes

Welcome to President Obama’s “year of action.” This is the meme President Obama and “his team have been using since December to describe new policies – many to be enacted as executive actions – to maintain the economic recovery.” In a speech on jobs at North Carolina State University, Obama spoke ”more about what he could do without Congress instead of what he’d like done legislatively this year. “Long term, the challenge of making sure that everyone who works hard can get ahead in today’s economy is so important we can’t wait for Congress to solve it,” he said. “Where I can act on my own without Congress, I’m going to do so.” The announcement today of “the first of three “manufacturing innovation institutes” not only follows through … Continue reading

Colorado’s Pot Sales Are High

Business is booming for Colorado pot dispensaries in their first week  of legal recreational sales. The Huffington Posts reports, “Owners of the 37 new dispensaries around the state reported first week retail sales to The Huffington Post that, when added together, were roughly $5 million.” Wow… “That’s a lot of green for Colorado’s legal weed.” As all eyes are on Colorado as the first state to sell recreation weed, what many are seeing is the tax revenue potentional for Colorado and other states that folllow in their path of ending the pot prohibition and reaping in the taxes. Bloomberg reported last week, prior to the January 1st opening of dispensaries allow to sell for recreational use: Colorado projects $578.1 million a year in … Continue reading

Time to Change the View on Single Mothers and Poverty

There’s a long standing view that married couples are better off financially than single people. All in all it is true, but marriage may not be in the cards for everyone. Regardless of this, for years there has been a misguided attempt to curb single mother poverty by funding marriage initiatives that simply are not getting us anywhere. Finally we’re getting a clue: “We are continuing to spend money on … these healthy marriage initiatives and I think the evidence is now clear that these are not effective policies,” said Kristi Williams, an associate professor of sociology at The Ohio State University. “So, it’s time to start thinking about spending that money in a way that’s more likely to help … Continue reading

Shuffling Federal Paperwork

The right-wing part of the Republican-controlled House of Representatives, with John Boehner in the role of spineless lackey rather than courageous Speaker, has shut down much of the federal government. Eighty Republicans had signed a letter expressing their intent to shut down the government. It was a political act of defiance against government by people who themselves were government. The millionaire representatives have grabbed the media, which they publicly say they hate—except for one TV network and a few loud-mouth blowhards on radio—to proclaim their demands. They demand the Affordable Care Act (ACA), also known as Obamacare, be defunded. To these ultra-conservatives, the most important health care insurance protection in the nation’s history is a socialist trap, just like Social … Continue reading

The Rich Continue To Get Richer, The Lower 93% Struggle On

If you are like me, you’re among the lower 93% still waiting for a break from the long recession/depression that we still haven’t recovered from. According to an analysis by Pew Research Center of newly released Census Bureau data, “During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%.” Honestly this is no surprise, it’s been a long shaky ride for most of America. The struggling class is still held down by the upper 7%. Time to turn that around, don’t you think?

The Paul Ryan Magical Mystery Chop, Dice, and Slice Budget

  By Walter Brasch   In 2011, before he was the Republican nominee for vice-president, Rep. Paul Ryan (R-Wisc.) proposed a federal budget. He called it, “The Path to Prosperity: Restoring America’s Promise.” Two years later, now in his second year as chair of the House budget committee, he dusted off and polished his old proposal. He calls this one: “The Path to Prosperity: A Responsible Balanced Budget.” His plan is to cut the federal deficit by $4.6 trillion in four years, reducing the deficit to about $12.1 trillion. While the Republicans blame President Obama and the Democrats for wild tax-and-spend policies that led to the huge deficit, they conveniently overlook the reality that Bill Clinton left George W. Bush … Continue reading

The Politics of Economics

The Republican Party has done an outstanding job at defining President Obama’s administration as spending more of our hard earned taxpayer dollars than any other president in American history. When in fact the evidence speaks to something entirely different; Citing Marketwatch, Rick Ungar a Contributor to Forbes Magazine, reports that President Obama has actually spent less money than any United States President since Dwight Eisenhower. David Gray, a writer for policymic.com, states that the Republican Party is not being 100% honest with the American people. The raw numbers show that yes, President Obama has spent more money than any other president in the United States, however once you calculate inflation, which is what Republicans are not telling you, President Obama … Continue reading

Gross Consumerism

The price tag on this 55-Inch OLED HDTV is obscene. $10,000 TV’s = Gross Consumerism. It’s a sad statement on what people spend money on. A very sad statement. People who will buy $10,000 TV’s can truly afford to pay more in taxes… Just sayin.