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Archive for the ‘Economy’ Category

Problem bank list climbs to 829

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The government’s list of troubled banks hit its highest level since 1993 during the second quarter, although the pace of growth continued to slow, according to a government report released Tuesday.

The number of banks at risk of failing rose by 53 to 829, the Federal Deposit Insurance Corp. said in its quarterly survey of the nation’s banking system. That increase marks the smallest rise since the first quarter of 2009.

via Problem bank list climbs to 829 – Aug. 31, 2010.


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August 31, 2010 at 5:28 pm

Posted in Economy

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Policy Options Dwindle as Economic Fears Grow

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The American economy is once again tilting toward danger.

Despite an aggressive regimen of treatments from the conventional to the exotic — more than $800 billion in federal spending, and trillions of dollars worth of credit from the Federal Reserve — fears of a second recession are growing, along with worries that the country may face several more years of lean prospects.

via Policy Options Dwindle as Economic Fears Grow – NYTimes.com.

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August 29, 2010 at 4:13 pm

Posted in Economy

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Fed stands by to boost US growth

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Ben Bernanke said on Friday that the Federal Reserve stood ready to boost the flagging US economy and had the tools to do so, including increasing holdings of long-term assets such as Treasury bonds and other securities.

via FT.com / Global Economy – Fed stands by to boost US growth.

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August 28, 2010 at 5:04 pm

A year after claiming the economy as his own, Obama points finger

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President Obama this summer has repeatedly blamed George W. Bush for the nation’s economic woes, a year after he took ownership of the economy and criticized those who “carp and gripe.”

During a July 14, 2009, address in Warren, Mich., Obama said, “Now, my administration has a job to do, as well, and that job is to get this economy back on its feet. That’s my job.

And it’s a job I gladly accept. I love these folks who helped get us in this mess and then suddenly say, ‘Well, this is Obama’s economy.’ That’s fine. Give it to me. My job is to solve problems, not to stand on the sidelines and carp and gripe.”

via A year after claiming the economy as his own, Obama points finger – TheHill.com.

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August 21, 2010 at 5:03 pm

Posted in Economy, Obama

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Warning Signs of an Economic Collapse

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Obama has previouly stated the he has pulled the economy back from the brink. this is far from truth and quite the opposite. Instead Obama’s economic policies are instead pushing us off the economic cliff.

There have been an unprecedented number of warning signs for a coming economic collapse and I urge everyone to prepare. Here are some of them.

via Warning Signs of an Economic Collapse – – Conservative Daily News.

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August 20, 2010 at 4:53 pm

62 Percent Think U.S. Is on the Decline

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A Fox News poll released Friday finds widespread belief among American voters that the country is on the decline as a civilization. In addition, a majority thinks the country is moving toward socialism.

A 62 percent majority of voters thinks the United States is on the decline. That’s more than twice as many as the 26 percent who believe it is on the rise.

Most Republicans — 76 percent — think the country is in decline, and 64 percent of independents agree. Views among Democrats are more evenly split: 41 percent say on the rise and 43 percent say on the decline.

via FOXNews.com – Fox News Poll: 62 Percent Think U.S. Is on the Decline.

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August 15, 2010 at 3:40 pm

Posted in Economy, Jobs, Obama Regime

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Fed decision: policy statement warns economy losing steam

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I know this is not breaking news…however as least the Fed, now admits it.

Maybe they need to take a ‘drug test’ too.

“The pace of recovery in output and employment has slowed in recent months,” the Fed said in its statement. It said while it still expects the economy to grow, the improvement will be “more modest in the near term than had been anticipated.”

via Fed decision: policy statement warns economy losing steam – Aug. 10, 2010.

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August 10, 2010 at 6:11 pm