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Debt driven economy

October 8, 2008 – 8:48 pm

Maybe I said this already but nobody really reads this blog anyway so I can repeat myself if it makes me feel better.
We have a debt driven economy and that is the fundamental problem with the economy. Years ago a business would save money for hard times, they would draw from their savings during [...]

By J.Peter | Posted in Politics, Uncategorized, business | Comments (2)

What would you do with $10,000

September 24, 2008 – 8:38 pm

I bet you wouldn’t lend it to Wall Street to help them (and us) out of the current financial crisis but that is exactly what Secretary Paulson wants to do. 700 billion dollars works out to about $5000 per American household but the total cost of bailouts, including those that have already taken place [...]

By J.Peter | Posted in Politics, Rants and Raves | Comments (0)