The American arrogance over money

Photo courtesy of Geez Magazine

The American arrogance over money is the reality in 2012. America has been the land of opportunity before the formation of this great nation. The formation of the United States was the first representative government system in the world, and freedom would ensure the future strength and prosperity of our nation. "Quality and Quantity" was an equal pinnacle of measurement of success in America, and values were the foundation to create wealth. The Puritans did not land in Massachusetts in 1620 because a huge stacks of gold were easily accessible upon arrival in the new world. The value of freedom in the new world was wealth in the assessment  by the Puritans, and money/gold would not impact all the struggles that were suffered by the Puritans. Onward 400 years into the future, the roaring 20's did end with the October 1929  stock market crash with The Great Depression in the 1930's. Another period in American history, money became the value assessment in America. The extreme wealth … [Read more...]

Marketwatch: Romney will edge out Santorum to win Ohio

We have some direction on the eventual endgame of the primary process. Or do We?' … [Read more...]

Bank of America’s “stay the course” banking model

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  Donny Wise: DC Consumer and Banking: Examiner.com-Bank of America has made one truth evident this week in lieu of recent news about dealings with Fannie Mae and New Bank Fees being considered by the bank. The one truth at Bank of America is the stubborn resistance for the bank to pursue fundamental change, and the stay the course motto is alive and well albeit the same policy has brought the bank to the edge of the abyss. The foreclosure fiasco with Countrywide has brought enormous losses to the bank, and future losses and litigation costs threaten to undermine the future of the bank In addition, the public relations nightmare has haunted Bank of America as the public has made the bank public enemy number one in the bank blame game for excessive fees and foreclosure crisis. In lieu of these issues, the survival of the bank would constitute change in practice or behavior, but the news show a bank determined to “stay the course” to meet some internal goal with … [Read more...]

Unemployment and Politics

The calendar change to 2012, and the plight of the unemployed in America is a top priority in American politics as President Obama did announce the good news on the December jobs report of 200,000 jobs added for the month and 1.6 million since the recessionary lows of 2009. The top priority for the politicians is the calendar change to 2012, and the upcoming presidential election that will pose two different ideologies against the other as the American people will vote outside the normal ideological talking points as in the past, but the economy and unemployment will be the top of mind as ballots are cast for President in November 2012. The critical nature of unemployment is evident in all walks of political life including the Republican Primary Vote in New Hampshire, President Obama's trip to Chicago, and the Federal  Reserve's promise to assist in the recovery to create more jobs in the economy. The earlier the better would have been the most appropriate course of action, but the … [Read more...]

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