U.S. Economy

 Freepressers

Get ready for a 70 percent marginal tax rate

Get ready for a 70 percent marginal tax rate

President Obama has been using the debt-ceiling debate and bipartisan calls for deficit reduction to demand higher taxes. With unemployment stuck at 9.2% and a vigorous economic “recovery” appearing more and more elusive, his timing couldn’t be worse. Two problems arise when marginal tax rates are raised. First, as college students learn in Econ 101, […]

 Freepressers

Obama is melting down … unless the GOP beats him to it

Obama is melting down … unless the GOP beats him to it

By Jeffrey T. Kuhner President Obama is on the verge of a crackup. The debt-limit talks are beginning to take their toll. On Wednesday, the president stormed out of a meeting with House Majority Leader Eric Cantor. Like a petulant adolescent, Mr. Obama blamed the Virginia Republican for opposing a “grand bargain.” Yet Mr. Obama […]

 Freepressers

Unreported: The government-sponsored mortgage meltdown

Unreported: The government-sponsored mortgage meltdown

Fannie Mae did not contribute ‘marginally’ to the financial crisis. It was the source of the declining mortgage underwriting standards that brought down the system. When the Financial Crisis Inquiry Commission (FCIC) reported in January that the 2008 crisis was caused by lax regulation, greed on Wall Street and faulty risk management at banks and […]

 Freepressers

Obama’s Waterloo: Colossal overreach in debt-limit talks

Obama’s Waterloo: Colossal overreach in debt-limit talks

By Jeffrey T. Kuhner Republicans have a golden opportunity to break Barack Obama’s presidency, ensuring he will be a one-termer. Mr. Obama has backed himself into a corner on the debt-limit talks; the GOP can smash his re-election prospects if they have the will — and intelligence — to do it. Mr. Obama has asked that the […]

 Freepressers

What will trigger the looming global economic disaster?

What will trigger the looming global economic disaster?

By Sol W. Sanders The geopolitical question of the hour: is there a tripwire that will tie together a series of regional crises bringing on another 2007-08 worldwide economic disaster? Lehman Brothers’ collapse dramatized how enhanced interconnections can tumble through the new world economy with domino effect. But if the world finance mavim know a […]

 Freepressers

A vicious economic circle tightens worldwide

By Sol W. Sanders The globalized economy’s undertow is ripping all around the world. Even the economic optimists’ two darlings, China and India, are now troubled. Seen as the world’s growth machine [along with a now overheated Brazil] in a period of advanced economies’ stagnation, their downturn produces a universally grim world outlook. India, now […]

 Freepressers

U.S. economic metrics similar to those of Greece; Inaction moves global economy to the brink

U.S. economic metrics similar to those of Greece; Inaction moves global economy to the brink

Gregory Copley, Global Information System Half-measure solutions offered by the Greek Prime Minister and the European Union on June 15-17, to resolve the Hellenic Republic’s structural economic and productivity crisis have failed, accelerating a range of potential problems for European and Mediterranean stability, and the global economic condition. The issues have been exacerbated by the […]

 Freepressers

China wants to construct a 50 square mile self-sustaining city south Of Boise, Idaho

China wants to construct a 50 square mile self-sustaining city south Of Boise, Idaho

Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power.  So what is China going to do with all of that money?  One thing that they have decided to do is to buy up pieces of the United […]

 FreePressers Staff

East Asian economies booming as U.S. engine losing steam

East Asian economies booming as U.S. engine losing steam

By John J. Metzler  UNITED NATIONS — Global economic growth continues to sputter, the American economy falters, and chances for recovery are not on the immediate horizon. But while the USA and much of Europe continues to feel the undertow of recession, large economies in Brazil, China, India nonetheless continue to grow. “After a year […]

 Freepressers

The Euro death watch: Long live European diversity!

The Euro death watch: Long live European diversity!

By Sol W. Sanders Increasingly, however reluctantly, Europeans are bellying up to the Eurozone’s ultimate crisis. Talking heads present a dilemma: either the European Community will pick apart its common currency or take radical steps toward a highly centralized economic command. That’s because a triangle is strangling the Euro: markets faced with the threat bankrupt […]