Job Numbers Worsen Overall. Corporate Profits Continue To Flourish.
You can’t look at today’s news and do anything but wince. 18,000 jobs created and the numbers in April and May were revised downward. Unpacking the numbers a bit, 57,000 private sector jobs were...
View ArticleRepublicans To Obama: We’ll Let YOU Raise The Debt Ceiling
This is one of those times that I don’t know if this is a brilliant political move or absolutely foolish. Wash Post has details… It works like this: The plan “would give the President the ability to...
View ArticleH&R Block Founder: The Rich Need To Pay More Taxes
In an op-ed I HOPE will get picked up across the country, Henry Bloch explains why taxes need to be raised on the rich ASAP. From KC Star: I do not understand some Republicans’ resistance to the idea...
View ArticleDavid Frum On Conservative Economics: Were We Wrong?
A very sobering piece to write, no doubt, but needed nonetheless. Especially when you consider the revised GDP numbers from 2008. From Frum Forum: Two years ago, Commerce estimated the decline of the...
View Article94% Of Candidates Who Raise The Most Money Win Election?
Dylan Ratigan wants to get money COMPLETELY out of politics. Not just corporate money or soft money…ALL money. Pretty bold. But when you consider his stat, which is the title of this post, it’s pretty...
View ArticleMiddle Class Would Pay More Under Herman Cain’s 9-9-9 Tax Plan
Not that this is any surprise. Usually when flat tax proposals are put out there, this is the common thread. The rich get a massive tax break and the middle class get the shaft. Here are the numbers…...
View ArticlePoll: 68% of Millionaires Support Raising Taxes
After Warren Buffett spoke out about taxing the rich more, the rich were polled and overwhelmingly agreed with the billionaire. Here’s more from Wall Street Journal: A new survey from Spectrem Group...
View ArticleMitt Romney Has $19M Cash On Hand
And he raised quite a bit in Q4 2011. From The Hill… Mitt Romney followed up an easy victory in the New Hampshire primary by announcing he raised $24 million in the last three months of 2012, further...
View ArticleObama Seeks To Streamline Agencies, Eliminate Departments
As promised in his last State of the Union speech… From Politico: Stepping firmly onto Republican turf, President Barack Obama will announce Friday that he will ask Congress for the power to merge...
View ArticlePre-Review: StockTouch Mobile/Tablet App
Hey all, I was contacted recently by a company that has created a really compelling way to keep track of the top stocks and I wanted to share it with you. Full disclosure, they gave me the app for free...
View ArticlePersonal Credit Card Debt Levels Inch Back Up
Right before the financial crisis hit, there were reports that Americans were spending about a cent more than they were saving. This was due to many factors, but I definitely think the “pay it later”...
View ArticleDefending the defensible: Citizens United two years and one election later.
Who says nothing good came out of Citizens United? Continuing with the recent “Big Money” theme here on the Donk… Over two years have passed since the Supreme Court cleared any barriers to corporate...
View ArticleGallup: Buffett Rule Is VERY Popular
Not that this surprising, but the numbers are bigger than I thought… Listen, we’re not dummies. Obama is going to go after Romney’s wealth and ask why he doesn’t favor taxing the rich the same as all...
View ArticleAre Our Tax Dollars Going to Waste? (Infographic)
When you look around your city or hometown, do you wonder how your income tax dollars are being put to use? Well, look no further, because the infographic below outlines a number of ways in which your...
View ArticleDebt Collection Infographic – What You Need To Know
During the past decade many Americans have faced a reality where their debt has exceeded their income, sometimes through no fault of their own. So when I saw an infographic come in about how consumers...
View ArticleCorporate Profits At All Time High, Wages At All Time Low
The corporate tax rate needs to be dropped. Right… Corporate profits as a % of GDP… Wages as a % of GDP… Who shared the graphs? None other than Mr. Internet Bubble himself, Henry Blodget. He has since...
View ArticleRomney Outraises Obama In June By $35M
More precisely, Romney and the RNC pulled in $106M. Obama and the DNC pulled in $71M. So a huge money gap there and just one more indicator that it’s set to be a tough election cycle. From Buzzfeed:...
View ArticleTreasury Sells AIG Stake. Makes $22.7B Profit From $182B Bailout.
So much for moral hazard… 9:39AM EST December 11. 2012 – WASHINGTON (AP) — The U.S. Treasury Department said Tuesday that it has sold all its remaining shares of American International Group (AIG),...
View ArticleObama: Let’s Have An Up Or Down Vote On Fiscal Cliff
Looks like Obama doesn’t want to go over the cliff after all. Here’s more from NBC News… So, the heads of the Senate went to work… After weeks of fruitless negotiations between the president and...
View ArticleMajor Corporations Evade Taxes To The Tune of $100 Billion
Every year we hear these numbers and they become increasingly hard to believe. How can all of these corporations get away with squirreling away so much money offshore and paying so little in taxes....
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