Tag: the economy

Ok, back to the other issue at hand in the household…the lead and the work on the house. Today’s lesson is on the Davis-Bacon Act. Short version is this: it was a Republican-sponsored bill in 1931 that requires paying “prevailing wages” on public works or other federally-funded projects over $2000. Sounds as decent as most…

I’m both perplexed and very amused by the fuss over the AIG bonuses, and my take on the issue may put me at odds with virtually all sides. The first issue is the bonuses themselves. The bonuses were contractual, much like jobs that have a commission structure to them. For the company to deny that…

Saturday’s Presidential Radio Address, where the President hailed the massive (and little- (or non-) read by the voting members of Congress) spending package formerly know as a “stimulus” package:“Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans,” Obama said Saturday in his weekly radio and…

There is no doubt about it: we are in a recession. But despite political punditry, there is no comparison to the Great Depression….even the Federal Reserve Chairman has said as much. Regardless, though, most of us will (or at the very least should) begin to examine our spending–and income–more closely. There is a myriad of…

A week and a half ago, I told of the first action taken in this time of supposed economic doom and gloom: I cashed out my IRA. Crazy enough, right? [This actually had logic to it: it was losing value, so rather than let it lose that value to the market, I chose to have…

…but they want you to believe it is. Yes, unemployment has risen slightly, and foreclosures are up, but don’t believe the scare tactics of politics. It’s an election season. Here’s my simple way of viewing the health of the economy, and it involves only 2 stocks: Starbucks and Walmart. If the economy begins tanking for…