February 18, 2010
In addition to the news on the ‘unexpected’ rise in new jobless claims, more economic news was released today regarding inflation, with producer prices rising at a rate of 1.4%. Analysts were surprised. However, it makes sense that when a government gets more and more involved in the economy, pumping trillions in through debt spending, [...]
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December 15, 2009
Consider this: $700 billion for TARP $800 billion for the Obama Stimulus Porkulus $170 billion for Bush’s 2008 stimulus $5.5 trillion in outlays by the Federal Reserve to shore up the banking industry $3.1 trillion 2009 Federal Budget $3.55 trillion 2010 Federal Budget That brings the total spending of the Federal Government for 2008 to [...]
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