http://inflation.us
Private pay shrinks to historic lows as govt payouts rise
http://www.usatoday.com/money/economy/income/2010-05-24-income-shifts-from-private-sector_N.htm
FHA
http://www.businessweek.com/news/2010-05-24/fha-home-financing-volume-sign-of-very-sick-system-update2-.html
Throw more money at it
http://www.ft.com/cms/s/0/69bb33d8-678b-11df-a932-00144feab49a.html?ftcamp=rss
Duration : 0:6:12
House Republican Leader John Boehner (R-OH) speaks shortly before House Democrats push through an 1,100 page, trillion-dollar spending bill with less than 24 hours of public review time. More information at http://gopleader.gov
Duration : 0:7:52
May 12 (Bloomberg) — Elizabeth Nowicki, a visiting professor at Boston University and former lawyer at the U.S. Securities and Exchange Commission, talks with Bloomberg’s Lori Rothman about the Senate’s approval of an amendment to the financial-overhaul bill to retain the Federal Reserve’s powers to supervise small banks.
Nowicki also discusses a Senate vote yesterday approving a proposal to order the Treasury Department to study how to withdraw government support of Fannie Mae and Freddie Mac. (Source: Bloomberg)
Duration : 0:2:47
Newt illustrates the choice the GOP, and America, faces in 2010 and 2012. Learn more at http://Newt.org
Duration : 0:36:18
“For those who thought a Democratic congress would end the war in Iraq, think again: their new budget proposes supplemental funds totaling about $150 billion in 2008 and $50 billion in 2009 for Iraq. This is in addition to the ordinary Department of Defense budget of more than $500 billion, which the Democrats propose increasing each year just like the Republicans.”
Duration : 0:9:50
House Ways and Means Committee Chairman Charlie Rangel (D-NY) admits to not knowing what is in the Democrats’ trillion-dollar spending package, or whether or not it will work. House Republicans have a plan to create twice as many jobs at half the cost. Find more information at http://gopleader.gov
Duration : 0:1:26
President Obama outlines challenges facing the nation and lays out his priorities for meeting them in an address delivered in the House chamber before a joint session of Congress. February 24th, 2009. Part 4
Watch part 5 here: http://www.youtube.com/watch?v=wMLvlc-hAmk
Watch part 3 here: http://www.youtube.com/watch?v=Q5B6NB4G0cM
visit: http://firedoglake.com
Duration : 0:9:9
This bill contains one of the most anti-American things I have ever seen in Congress. The bill was passed and there was little knowledge of what it really does. Watch the video and you see what I mean.
Honors for this video (6)
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Duration : 0:8:43
President Obama outlines challenges facing the nation and lays out his priorities for meeting them in an address delivered in the House chamber before a joint session of Congress. February 24th, 2009. Part 2
Watch part 3 here: http://www.youtube.com/watch?v=Q5B6NB4G0cM
Watch Part 1 here: http://www.youtube.com/watch?v=SSMsVBdcE68
visit: http://firedoglake.com
Duration : 0:10:1
WASHINGTON – President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis “stronger than before.”
Riding high in opinion polls, Obama was careful to include a sober assessment of the economic emergency in his first speech to Congress, seeking to temper expectations that his administration’s rescue efforts would yield quick fixes.
But the politician whose memoir was called “The Audacity of Hope” and who won the White House in last November’s election amid chants of “yes, we can” was also back in stride, telling recession-weary Americans to expect better days ahead.
“While our economy may be weakened and our confidence shaken, though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover,” Obama said in the televised speech.
“And the United States of America will emerge stronger than before,” he told a chamber packed with lawmakers, cabinet members and invited guests.
The Democratic president also leveled a barrage of indirect criticism at his Republican predecessor George W. Bush for the country’s economic plight and bloated debt, warning that the “day of reckoning” had arrived.
Five weeks after taking office, Obama pressed the case for his economic plans while laying out a broad agenda, including a much-anticipated push for a healthcare overhaul and energy independence, to help build momentum for his young presidency.
The primetime State of the Union-style address to a joint session of the Senate and House of Representatives came against a backdrop of growing anxiety across the country in the face of the worst financial meltdown in decades.
While his public support is strong, Wall Street remains skeptical of his economic remedies.
Jittery investors sent U.S. stocks to a 12-year low on Monday, but the markets rallied on Tuesday on Federal Reserve Chairman Ben Bernanke’s assurances that the country’s troubled banks should be able to weather the downturn without being nationalized.
Trying to show he would make good on his promise of fiscal responsibility, Obama said he had identified $2 trillion in budget cuts over the next decade.
Obama, who rolls out his first budget proposal on Thursday, has vowed to halve the annual deficit by the end of his term.
Duration : 0:9:4