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The American Economy

Discussion in 'Controversial Topics' started by eggplant43, Apr 20, 2011.

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  1. eggplant43

    eggplant43 Thread Starter

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    http://www.ritholtz.com/blog/2011/0...ampaign=Feed:+TheBigPicture+(The+Big+Picture)
     
  2. eggplant43

    eggplant43 Thread Starter

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    http://www.ritholtz.com/blog/2011/0...ampaign=Feed:+TheBigPicture+(The+Big+Picture)
     
  3. poochee

    poochee

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    Jon Ward
    [email protected]
    Conservative Strategists Warn GOP About Economic Risks Of Pushing Debt Ceiling Debate Too Far
    First Posted: 04/22/11 07:25 PM ET Updated: 04/22/11 11:15 PM ET

    Conservative strategists are warning that the GOP should not push the debt ceiling debate too close to the breaking point.

    “If there is a vote on raising the debt ceiling and it fails, there will be a significant market reaction,” said Tony Fratto, a former Treasury and White House official in the Bush administration. “Investors already believe that Congress doesn’t understand the financial markets. A failure to raise the debt ceiling will confirm this to them."

    http://www.huffingtonpost.com/2011/04/22/conservative-debt-ceiling-debate_n_852718.html
     
  4. poochee

    poochee

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    Affordable rental housing scarce in U.S., study finds
    By Dina ElBoghdady, Tuesday, April 26, 12:02 AM

    The share of renters who spend more than half their income on housing is at its highest level in half a century and it’s no longer just low-income tenants who are feeling the pain, according to a Harvard University study scheduled for release Tuesday.

    About 26 percent of renters — or 10.1 million people — spent more than half their pre-tax household income on rent and utilities in 2009. That’s because incomes slipped dramatically from their peak at the start of the decade even as rents kept rising.

    http://www.washingtonpost.com/busin...us-study-finds/2011/04/25/AFcBjilE_story.html
     
  5. poochee

    poochee

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    Posted on Thursday, April 28, 2011
    Economy isn't as bad as new data make it look, analysts say
    By Kevin G. hall | McClatchy Newspapers
    WASHINGTON — Relax, Americans, the economic outlook isn't as bad as Thursday's new data made it appear.

    http://www.mcclatchydc.com/2011/04/28/113127/us-economy-slows-sharply-from.html
     
  6. lotuseclat79

    lotuseclat79

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    The visible hand.

    -- Tom
     
  7. poochee

    poochee

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    Dan Froomkin
    [email protected]
    Your Pain, Their Gain: How High Gas Prices Impoverish The Many While Enriching The Few
    First Posted: 04/29/11 08:30 PM ET Updated: 04/30/11 02:51 PM ET

    http://www.huffingtonpost.com/2011/04/29/gas-prices-your-pain-their-gain_n_855673.html
     
  8. lotuseclat79

    lotuseclat79

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    What's wrong with America's economy?.

    -- Tom
     
  9. Wino

    Wino

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    From your article:

    .

    Fabrications of an infertile mind - demand may be up in some areas, but is offset by less in others. The geopolitical uprisings have put a very small dent in supply - nothing to justify the current increase in price. It's all speculation and greed - and the world is giving the crooks a bye as we are once again being ripped off.:rolleyes:
     
  10. Littlefield

    Littlefield

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    Increasing taxes on oil companies that can increase our own production is not a bright idea as that would only hurt exploration efforts .
     
  11. poochee

    poochee

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    Yep!
     
  12. Wino

    Wino

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    That may be true at $30 a barrel - at today's prices giving big oil tax breaks is about as stupid as the Bush tax cut incentives that were to create jobs and failed miserably . They (Big Oil) don't need our money as an incentive to drill. Not to mention drilling more isn't going to affect prices one iota - there is no shortage of crude - now or for the distant future - except those fabricated by man.
     
  13. Littlefield

    Littlefield

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    Maybe not the big companies as much but the smaller ones will suffer from the lack of tax breaks.
    By the way the big banks are more to blame for higher prices in gas to the US consumer then speculators.
     
  14. Wino

    Wino

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    Small independents don't need our money either. They can gamble just like any other business and their losses or gains are either deductible or taxable. If it's the big banks doing the speculation or supporting those that do or doing their best to devalue the US$ I might agree, but I'd say it's Wall Street and Big Oil supporting the speculation.

    Any tax breaks or incentives should be given to the refining end, not exploration.
     
  15. Littlefield

    Littlefield

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    Tied with also the big central world banks and QE2 since dollar based trading for oil .Also ,add the unrest in the Middle East and you have the fear of the future that drives prices up even more.
     
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