Archive for November 3rd, 2008

Treasury Just Needs Another Half Trillion To End The Year

The numbers are almost incomprehensible. The Treasury announced today that it expects to raise $550 billion between now and the end of the year. Bloomberg has the report and it’s stunning. From July through December of this year, Treasury borrowings are expected to exceed $1 trillion. That does not count the money they are borrowing [...]

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No Coffee For You

Here’s one more example of Washington screwing you and me. Blooomberg is reporting election officials in Washington State have put the kibosh on Starbuck’s offer to give all of us who vote a free Cup of Joe. Seems that federal law prohibits the payment of money, goods or services in return for voting. Thank God [...]

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Miserable Numbers From Detroit

Got to at least mention the car sales numbers. They were abysmal but maybe not far off what we can expect for the foreseeable future. Here are the numbers: Ford Down 30%Chrysler Down 35%GM Down 45%Toyota Down 23%Honda Down 28% Overall sales were 838,165 cars which translates into a seasonally adjusted annual rate of 10.6 [...]

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More Begging From Detroit

This is one of those posts where I have to include a link just to prove that I didn’t make this up. Bloomberg is reporting that the automakers, not content with umpteen billion dollars from the government have now come up with two new suggestions on how to spend your money. They are suggesting that [...]

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A Middle Class Squeeze

I was jumping around sites today when I came across this chart and it stopped me dead in my tracks. Now I’m a fairly conservative person from both a political and economic perspective but when I saw the divergence in this pictorial, I was shocked. I’ve read a lot of opinion about the relative share [...]

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