Thursday, September 24, 2009

In Economic News 09-24

U.S. issues $7 trillion debt, supply to stabilize. $7,000,000,000,000 - that I think sums it up. I remember in the early 80s that $1,000,000,000,000 got people riled up. Even adjusting for inflation, this debt is crushing our prosperity for generations. Again, it is as if the liberals hate America so much, they want to kill all that's good about her.

Dollar under scrutiny at G20 summit

Corpse of a Thousand Houses It's foreclosure-palooza and the democrats want to raise taxes. Brilliant!

Stimulus funds boost number of federal jobs - by only 25,000 which the few remaining working Ameicans have to pay for via taxes. There are 2 million federal workers and roughly 30 million unemployed Americans. Not only is this 25,000 not good but it is indicative of the badness of a looming federal government.

HSBC bids farewell to dollar supremacy

Oxy oil discovery could spark new interest in California's energy potential. If the environmentalists get out of the damn way. Still let's keep up the good work. Oil Industry Sets a Brisk Pace of New Discoveries.

Not to worry. The Senate will ruin the above new oil finds for the rest of us. Senate Blocks Bid to Keep Offshore Drilling Policy
Senate votes against an attempt by Republicans to keep in place a plan by the Bush administration to allow oil and gas drilling along the Atlantic and Pacific coasts.

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