Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
Saturday, December 12, 2020
Weekend Reading
Robin Vos' plan puts politics ahead of healthMilton Friedman was wrong on the corporationTrump Won State, GOP Legislators Declare
Wednesday, July 15, 2020
Midweek Reading
Lincoln Project’s new ad brutally smacks down GOP cowardice
It’s Going to Be a Long and Harsh Recession: NYT Warns of Skills Gap
75 Years of American Finance: 1861-1935
The leveraging of America: how companies became addicted to debt
Is your dog younger (relative to human years) than you think? Study debunks 7 years claim
County Parks Lost Funding to Bucks Arena
Paul Krugman Sinks Donald Trump With A Titanic Analogy About His Coronavirus Failings
Roger Stone Still A ‘Convicted Felon,’ And ‘Rightly So,’ Says Robert Mueller In Angry Op-Ed
The murder that inspired Twin Peaks is the subject of a new documentary
The leveraging of America: how companies became addicted to debt
Saturday, January 18, 2020
Wednesday, June 14, 2017
Midweek Reading
How Much Does Gov. Scott Walker Affect The Wisconsin Economy? Less Than You Might Think
Why Is CEO Pay Still Soaring?
The $400 Million, Pension Problem
These 8 U.S. Streetcar Projects Could Break Ground By 2020
Labor's Declining Share: A Primer
Discrimination Is Not De Facto
Tackling The 'Nastiest, Hardest Problem In Finance'
How Conservatives Betrayed Virtue For Donald Trump
Want To Fix The Budget? Collect Taxes
Trump And Congress Are About To Ruin America's $220 Billion Economic Secret Weapon
Why Is CEO Pay Still Soaring?
The $400 Million, Pension Problem
These 8 U.S. Streetcar Projects Could Break Ground By 2020
Labor's Declining Share: A Primer
Discrimination Is Not De Facto
Tackling The 'Nastiest, Hardest Problem In Finance'
How Conservatives Betrayed Virtue For Donald Trump
Want To Fix The Budget? Collect Taxes
Trump And Congress Are About To Ruin America's $220 Billion Economic Secret Weapon
Saturday, December 13, 2014
Weekend Reading
10 Facts You May Not Know About The Federal Budget
Richest 1% Own Half Of Global Wealth
The Unfinished Suburbs Of America
The Folklore Of Finance
Scott Walker's Food Stamp Drug Testing Plan Is Illegal & Unconstitutional
Does It Pay For Firms To Invest In Their Workers' Wellbeing?
Two Weeks After Election, Walker Preparing For Presidential Run
How ALEC Turns State Election Wins Into Laws
Behind Private Equity's Curtain
Richest 1% Own Half Of Global Wealth
The Unfinished Suburbs Of America
The Folklore Of Finance
Scott Walker's Food Stamp Drug Testing Plan Is Illegal & Unconstitutional
Does It Pay For Firms To Invest In Their Workers' Wellbeing?
Two Weeks After Election, Walker Preparing For Presidential Run
How ALEC Turns State Election Wins Into Laws
Behind Private Equity's Curtain
Saturday, October 6, 2012
Romney's 10 Most Baseless Claims
"And these businesses -- many of them have gone out of business. I think about half of them, of the ones have been invested in, they’ve gone out of business." – Mitt Romney, Oct. 3 Presidential Debate
Businesses that got government clean energy loans failed at a rate of about 1.4 percent at the end of 2011, according to The Washington Post.
"My plan is not to put in place any tax cut that will add to the deficit." – Mitt Romney, Oct. 3 Presidential Debate
Romney's tax plan would cost the country $4.8 trillion over the next 10 years, according to Tax Policy Center data, cited by NBC News.
"You never balance the budget by raising taxes." – Mitt Romney, Oct. 3 Presidential Debate
President Bill Clinton managed to balance the budget during his time in office with a tax boost for those in the top 2 percent of earners, according to Duke professor William Chafe.
"The president has a view very similar to the view he had when he ran four years ago, that a bigger government, spending more, taxing more, regulating more -- if you will, trickle-down government would work." – Mitt Romney, Oct. 3 Presidential Debate
President Obama's proposed budget is estimated to cut about $1.1 trillion over the next 10 years and, so far, Obama has signed $2 trilion worth of spending cuts into law, according to Democratic Party Pollster Bernard Whitman.
"Up to 20 million people will lose their insurance as Obamacare goes into effect next year." – Mitt Romney, Oct. 3 Presidential Debate
Some workers may switch from their employer-provided health plans, according to the Congressional Budget Office, but that number is more likely to be closer to between 3 and 5 million per year between 2019 and 2022.
Obamacare "puts in place an unelected board that’s going to tell people, ultimately, what kind of treatments they can have." – Mitt Romney, Oct 3 Presidential Debate
Though Obamacare does create an independent board, the law prohibits the board from making recommendations to "ration health care," or "otherwise restrict benefits or modify eligibility,” according to Bloomberg.
"The idea of cutting $716 billion from Medicare to be able to balance the additional cost of Obamacare is, in my opinion, a mistake." – Mitt Romney, Oct. 3 Presidential Debate
The indirect effects of Obamacare have yet to be determined, since the law has yet to be implemented. But as the law is written now, Obamacare doesn't cut seniors' benefits as part of its plan to curb health care costs, according to USA Today.
Obama's healthcare law would curb benefits to health care providers and insurers, but doesn't directly cut seniors' benefits. Critics allege however, that the cuts in payments would have the unintended consequence of hurting seniors because doctors would stop accepting Medicare patients, according to USA Today.
"It's hurt the housing market because Dodd-Frank didn't anticipate putting in place the kinds of regulations you have to have. It's not that Dodd-Frank always was wrong with too much regulation. Sometimes they didn't come out with a clear regulation." – Mitt Romney, Oct. 3 Presidential Debate
The Dodd-Frank regulations aim to prevent another housing crash like the one that helped to cause the 2008 financial meltdown by banning high-risk lending practices, according to CBS News. In addition, the housing market has been on a slow rebound since Obama took office.
If anything, it may be banks that are holding back the housing recovery. Many are slow to lend because they're concerned Fannie Mae and Freddie Mac will make them take back any bad loans, the Wall Street Journal reports.
"I just don't know how the president could have come into office, facing 23 million people out of work, rising unemployment, an economic crisis at the -- at the kitchen table, and spend his energy and passion for two years fighting for Obamacare instead of fighting for jobs for the American people. It has killed jobs." – Mitt Romney, Oct. 3 Presidential Debate
The Congressional Budget Office estimates that healthcare reform will reduce the health care industry's workforce by only about 0.5 percent, largely because workers will decide to retire early or work fewer hours. And if Romney's Massachusetts health care reform law is any indication, job loss won't be a big problem; employment trends in the state have mirrored national trends since Romneycare took effect.
"The president said he’d cut the deficit in half. Unfortunately, he doubled it.” – Mitt Romney, Oct. 3 Presidential Debate
When Obama took office in 2009, the deficit was projected to be $1.2 trillion during that year, and it ultimately turned out to be $1.4 trillion, according to Congressional Budget Office data cited by The New York Times. The deficit is expected to be $1.1 trillion for fiscal year 2012.
Businesses that got government clean energy loans failed at a rate of about 1.4 percent at the end of 2011, according to The Washington Post.
"My plan is not to put in place any tax cut that will add to the deficit." – Mitt Romney, Oct. 3 Presidential Debate
Romney's tax plan would cost the country $4.8 trillion over the next 10 years, according to Tax Policy Center data, cited by NBC News.
"You never balance the budget by raising taxes." – Mitt Romney, Oct. 3 Presidential Debate
President Bill Clinton managed to balance the budget during his time in office with a tax boost for those in the top 2 percent of earners, according to Duke professor William Chafe.
"The president has a view very similar to the view he had when he ran four years ago, that a bigger government, spending more, taxing more, regulating more -- if you will, trickle-down government would work." – Mitt Romney, Oct. 3 Presidential Debate
President Obama's proposed budget is estimated to cut about $1.1 trillion over the next 10 years and, so far, Obama has signed $2 trilion worth of spending cuts into law, according to Democratic Party Pollster Bernard Whitman.
"Up to 20 million people will lose their insurance as Obamacare goes into effect next year." – Mitt Romney, Oct. 3 Presidential Debate
Some workers may switch from their employer-provided health plans, according to the Congressional Budget Office, but that number is more likely to be closer to between 3 and 5 million per year between 2019 and 2022.
Obamacare "puts in place an unelected board that’s going to tell people, ultimately, what kind of treatments they can have." – Mitt Romney, Oct 3 Presidential Debate
Though Obamacare does create an independent board, the law prohibits the board from making recommendations to "ration health care," or "otherwise restrict benefits or modify eligibility,” according to Bloomberg.
"The idea of cutting $716 billion from Medicare to be able to balance the additional cost of Obamacare is, in my opinion, a mistake." – Mitt Romney, Oct. 3 Presidential Debate
The indirect effects of Obamacare have yet to be determined, since the law has yet to be implemented. But as the law is written now, Obamacare doesn't cut seniors' benefits as part of its plan to curb health care costs, according to USA Today.
Obama's healthcare law would curb benefits to health care providers and insurers, but doesn't directly cut seniors' benefits. Critics allege however, that the cuts in payments would have the unintended consequence of hurting seniors because doctors would stop accepting Medicare patients, according to USA Today.
"It's hurt the housing market because Dodd-Frank didn't anticipate putting in place the kinds of regulations you have to have. It's not that Dodd-Frank always was wrong with too much regulation. Sometimes they didn't come out with a clear regulation." – Mitt Romney, Oct. 3 Presidential Debate
The Dodd-Frank regulations aim to prevent another housing crash like the one that helped to cause the 2008 financial meltdown by banning high-risk lending practices, according to CBS News. In addition, the housing market has been on a slow rebound since Obama took office.
If anything, it may be banks that are holding back the housing recovery. Many are slow to lend because they're concerned Fannie Mae and Freddie Mac will make them take back any bad loans, the Wall Street Journal reports.
"I just don't know how the president could have come into office, facing 23 million people out of work, rising unemployment, an economic crisis at the -- at the kitchen table, and spend his energy and passion for two years fighting for Obamacare instead of fighting for jobs for the American people. It has killed jobs." – Mitt Romney, Oct. 3 Presidential Debate
The Congressional Budget Office estimates that healthcare reform will reduce the health care industry's workforce by only about 0.5 percent, largely because workers will decide to retire early or work fewer hours. And if Romney's Massachusetts health care reform law is any indication, job loss won't be a big problem; employment trends in the state have mirrored national trends since Romneycare took effect.
"The president said he’d cut the deficit in half. Unfortunately, he doubled it.” – Mitt Romney, Oct. 3 Presidential Debate
When Obama took office in 2009, the deficit was projected to be $1.2 trillion during that year, and it ultimately turned out to be $1.4 trillion, according to Congressional Budget Office data cited by The New York Times. The deficit is expected to be $1.1 trillion for fiscal year 2012.
Thursday, December 22, 2011
Midweek Reading
An Inconvenient Truth
The Case For Congestion
The Corporations That Occupy Congress
2011 Milwaukee: Year In Review
The Origins Of Financial Innovation
The Past, Present, & Future Of Venture Capital
The Price of Extremism: Wisconsin's Economy Under The Walker Administration
The University & the Start-Up: Lessons From The Past Two Decades
The Case For Congestion
The Corporations That Occupy Congress
2011 Milwaukee: Year In Review
The Origins Of Financial Innovation
The Past, Present, & Future Of Venture Capital
The Price of Extremism: Wisconsin's Economy Under The Walker Administration
The University & the Start-Up: Lessons From The Past Two Decades
Saturday, December 17, 2011
Weekend Reading
Competition Hasn't Worked In Health Care
How Did Fannie & Freddie Become Symbols Of The Housing Bubble?
How Finance Vultures Feed Off The Poor
It's Time To Tax The Church
Questioning The Benefits Of Curbing Short Sales
Rethinking Debt
The Top 1 Percent Since 1990: Getting Richer
Uncertainty & The Welfare Economic Of Medical Care
We Have More Doctors Per Capita Than Ever Before
Why Rich People Don't Create Jobs
How Did Fannie & Freddie Become Symbols Of The Housing Bubble?
How Finance Vultures Feed Off The Poor
It's Time To Tax The Church
Questioning The Benefits Of Curbing Short Sales
Rethinking Debt
The Top 1 Percent Since 1990: Getting Richer
Uncertainty & The Welfare Economic Of Medical Care
We Have More Doctors Per Capita Than Ever Before
Why Rich People Don't Create Jobs
Saturday, January 29, 2011
Sunday, July 11, 2010
Self-Indulgent Swindler
Poor Big Business, our mean ole' President is out to get them. At least that's what John Torinus is whining about (yet again!). He claims President Obama does not like business and there has been over-regulation due to the financial crisis.
As Paul Krugman explains, U.S corporate taxation is not overly burdensome compared with other countries. Krugman's latest column also highlights the fact that corporate profits are up 44% from the previous year.
Paul Volcker stated, “The thing went from what is best to what could be passed," regarding new financial regulation. Russ Feingold said, ""It doesn't do the job, and I'm not going to be part of basically defrauding the American people into thinking it does."
Torinus throws in the ludicrous claim, "Tommy Thompson was a governor in the 1990s who understood pro-business policies, but also the value of positive signals and strokes." Tommy Thompson left office with a $3.2 billion deficit. Oh yes, quite the businessman. Even during the second most horrific recession this country has seen, the current state deficit is just $2.7 billion.
These are simply more tactics and propaganda of the Coddled Class trying to protect the status quo. Everyone is out to get them. Taxes have their hands tied. They've done nothing to give us reason to question their intentions nor motives.
Other than their corruption, fraud, and greed that has sunk the world economy and led to the most inequitable situation this country has seen since the Gilded Age.
Torinus and his ilk want to dismantle social programs, punish public workers, relieve themselves from paying taxes, and have their profits assured into perpetuity (at taxpayer's and worker's expense).
More On Torinus' Misinformation:
Obama Making Corporate Hacks Nervous
Torinus' Taxed Reality
As Paul Krugman explains, U.S corporate taxation is not overly burdensome compared with other countries. Krugman's latest column also highlights the fact that corporate profits are up 44% from the previous year.
Paul Volcker stated, “The thing went from what is best to what could be passed," regarding new financial regulation. Russ Feingold said, ""It doesn't do the job, and I'm not going to be part of basically defrauding the American people into thinking it does."
Torinus throws in the ludicrous claim, "Tommy Thompson was a governor in the 1990s who understood pro-business policies, but also the value of positive signals and strokes." Tommy Thompson left office with a $3.2 billion deficit. Oh yes, quite the businessman. Even during the second most horrific recession this country has seen, the current state deficit is just $2.7 billion.
These are simply more tactics and propaganda of the Coddled Class trying to protect the status quo. Everyone is out to get them. Taxes have their hands tied. They've done nothing to give us reason to question their intentions nor motives.
Other than their corruption, fraud, and greed that has sunk the world economy and led to the most inequitable situation this country has seen since the Gilded Age.
Torinus and his ilk want to dismantle social programs, punish public workers, relieve themselves from paying taxes, and have their profits assured into perpetuity (at taxpayer's and worker's expense).
More On Torinus' Misinformation:
Obama Making Corporate Hacks Nervous
Torinus' Taxed Reality
Sunday, January 24, 2010
All Things Economic
Poor Warren Buffet, he's upset that Obama wants to tax his ill-gotten gains.
Consumer debt - pushed by are easy-money, predatory lending, and our commercialized society - is out of control.
Dean Baker shows that the abilities of Treasury Secretary Tim Geithner and National Economic Council head Larry Summers to avoid a complete financial collapse really was not that extraordinary. No major country had a complete financial collapse.
Joseph Stiglitz, Nobel laureate and economics professor, thinks banks have failed at their basic societal mission.
Consumer debt - pushed by are easy-money, predatory lending, and our commercialized society - is out of control.
Dean Baker shows that the abilities of Treasury Secretary Tim Geithner and National Economic Council head Larry Summers to avoid a complete financial collapse really was not that extraordinary. No major country had a complete financial collapse.
Joseph Stiglitz, Nobel laureate and economics professor, thinks banks have failed at their basic societal mission.
Thursday, September 10, 2009
Misplaced Priorities
Barry Ritholtz, Director of Equity Research at Fusion IQ and the man behind the blog The Big Picture, has some concerns over the Obama administration’s priorities. He feels they may have wasted a crisis by not reforming the financial system before trying to revolutionize health care. I think he’s right.
But…is there any doubt regarding why the health care choice was made? With financiers running government, there was little to no chance they were going to re-regulate their cronies. (Even in Obama’s change administration.)
But…is there any doubt regarding why the health care choice was made? With financiers running government, there was little to no chance they were going to re-regulate their cronies. (Even in Obama’s change administration.)
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