Downsizing Detroit

One of the most dreaded words or terms heard in the corporate world is downsizing. Simply put, it usually means several people are about to lose their jobs, at the very least. It can throw entire areas into turmoil, if enough people are put out of work. If it is dreaded in the corporate world, [...]

Is the recession really over?

It was a question that was asked at least twice on the Sunday talk shows this past weekend. Depending on who you were talking to, you could have received a couple of different answers. Larry Summers, who is the top economic adviser to the White House was asked that question on ABC’s This Week and [...]

The tricky business of predicting the economy

If our country were not having such economic trouble, it would be completely hilarious to watch economists and other so-called experts trying to predict what our economy is going to do next. Anyone who happens to be paying attention to the news knows that unemployment is higher than it has been for years. Twenty-six years, [...]

OPEC to leave oil production levels unchanged

Does it seem odd to anyone else that the organization who controls over 40% of the oil production in the world holds in their hands the power to cause the price of said oil to rise or fall, as they see fit? I know this is not a new thing, but I can’t help but [...]

President Obama returns from vacation

After having his highly publicized summer vacation with his family interrupted by the death of Senator Ted Kennedy, President Obama has returned from Martha’s Vineyard and is back at the White House. To say that he has a full plate in front of him would be a bit of an understatement.
Front and center would be [...]

CIT lender in talks for financial bailout

I have to be honest with you, I had no idea who CIT was until this morning. As I was browsing the news, I came across a headline that intrigued me, so I clicked on the Associated Press link and discovered that yet another credit lender is in trouble. CIT Group, Inc. is one of [...]

Barack Obama–Cheerleader-in-chief

I suppose some may think this post is more than a little on the snide side, but I simply can’t help it. I know that the office of the President is a bully pulpit for any agenda he may have and that goes for past, present, and future Presidents. We have seen President Obama exploiting [...]

Obama’s Budget Blueprint–A New Era or A New Bust?

In his second prime-time news conference, President Obama has asserted once again that he believes the American economy will recover and that his budget blueprint is essential to that recovery. It’s no secret that the budget he has submitted to Congress is one massive package of spending, including investments in a lot of different areas. These areas include education, energy, and healthcare.

Layoffs continue as the recession deepens

The term trickle-down economics is widely known to most people who have followed politics and care about the economy. In it’s most simple terms, it is the theory that anything that happens at the top rungs of the economy will trickle down to the people underneath. It is the theory behind the Reagan tax cuts [...]

Barack Obama says government alone can help

In a much anticipated speech on the economy, Barack Obama has began providing a few more details to the economic stimulus plan he hopes to be able to sign into law, within a few days of his inauguration. Before we get into some of that, I want to focus on a statement he made a [...]

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