Putting the American People First -----------------------------Aug-16-2011--

Putting the American People First

Aug-16-2011--While members of Congress are at home in their districts, President Obama asks Americans that agree that it's time to put country before party and pass stalled bills to help grow our economy to let them know.

President Obama announces new job initiatives for rural America.

On the first day of his tour of rural America, the President takes questions on the economy.

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Why Buffett’s Plan To Tax the Rich Won’t Fix the Debt----------Aug-16-2011--

Why Buffett’s Plan To Tax the Rich

Won’t Fix the Debt

Aug-16-2011--Buffett, chairman of Berkshire Hathaway, and one of the richest individuals on the planet.

Buffett is said to be worth about $47 billion, virtually all of it already beyond the reach of the tax man.

In the op-ed, Buffett calls for higher taxes from the rich, to ostensibly bridge the massive U.S. debt gap, which stands at $14.3 trillion this month. But that’s one bridge that could stand too far –

Buffet proposes a tax reform plan to tackle that problem.

Specifically, he would:

-Keep income taxes unchanged for 99.7% of taxpayers, i.e., everyone but the super-rich.

-Keep the current 2% reduction in the employee payroll tax.

-Raise tax rates for individuals with more than $1 million in annual income

-Raise taxes for the uber-wealthy –

those making more than $10 million per year

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GLOBAL DEPRESSION -- SOCIAL UNREST-------------------- Aug-11-2011--

GLOBAL DEPRESSION --

SOCIAL UNREST

Aug-11-2011--When the global economy tanks, hardship increases for the man in the street.

We are seeing more and more violent protests. I see this escalating worldwide. Worse is to come when hyper-inflation sets in. That is when the middle class, the hardworking folks, the savers and conservative people see all their savings being inflated away. Inflation is a tax on savings.

Every $100K you save in the bank will buy you less and less (less purchasing power) progressively. With hyper-inflation it is a lot worse.

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Whiplash for stocks may be the new norm---------------------Aug-11-2011--

Whiplash for stocks may be the new norm

Aug-11-2011--At least for the time being, stock investors need to brace for volatility,

Wall Street's gut-wrenching turbulence in the last six trading days has sent many investors into a state of paralysis, watching helplessly as the Dow Jones industrial average swoons 520 points one day only to soar 430 the next. Many American's can't help but make the comparisons to the financial crisis of 2008.

This kind of whipsaw stock trading triggers panic and torpedoes confidence, leading many to abandon stocks altogether.

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Dow drops 520 points, wiping out Tuesday's gains----------------- Aug-10-2011--

Dow drops 520 points,

wiping out Tuesday's gains

Aug-10-2011--Wall Street reversed Tuesday's dramatic rebound and plunged further into the red Wednesday as investor worries over the European debt crisis spilled over into concerns about the health of the global banking system.

The Dow Jones industrial average ended the day down 520 points, or 4.62 percent, putting the blue-chip index back down below the 11,000 level and closing at its lowest level since September 2010.

The Standard & Poor’s 500, a broader market measure, ended the day down 52 points, or 4.42 percent, while the Nasdaq, a more tech-heavy index, was down 101 points, or 4.09 percent.

Markets initially fell when the Fed released its gloomy statement but recovered before Tuesday’s closing bell, breaking a recent string of daily losses.                                                

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GLOBAL DEPRESSION - SOCIAL UNREST ---------------------Aug-10-2011--

GLOBAL DEPRESSION -

SOCIAL UNREST

Aug-10-2011--When the global economy tanks, hardship increases for the man in the street.

We are seeing more and more violent protests. I see this escalating worldwide. Worse is to come when hyper-inflation sets in. That is when the middle class, the hardworking folks, the savers and conservative people see all their savings being inflated away. Inflation is a tax on savings. Every $100K you save in the bank will buy you less and less (less purchasing power) progressively.

With hyper-inflation it is a lot worse.

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Bernanke’s Interest-Rate Timeframe Draws Most Negative Votes in 18 Years ---------------------------------Aug-10-2011--

Bernanke’s Interest-Rate Timeframe Draws Most Negative Votes in 18 Years---------

Aug-10-2011--Federal Reserve Chairman Ben S. Bernanke’s plan to hold interest rates near zero through at least mid-2013 provoked the most opposition among voting policy makers in 18 years as central bank consensus frayed. The Fed chief achieved unanimous support on the Federal Open Market Committee in 2008 when he lowered interest rates to near zero, and in 2009 when he launched $1.73 trillion in bond purchases. Last year, his plan to buy another $600 billion in assets drew one dissent. Yesterday, three policy makers dissented from the decision to apply a specific date to the Fed’s low rate pledge for the first time.

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