Happy Days are here again: and the banks roll on

If you’ve been watching the headlines on the economic front, you may have seen the news about record bank profits in the first quarter of the year to the tune of $40.3 billion, an all time high.  In fact, profits surged 15.8% over the same quarter a year ago. This marks the 14th straight quarter of bank gains. In short, the bailed out banks (you … Continue reading Happy Days are here again: and the banks roll on

Obama’s assault on Social Security

Although vociferously claiming entitlement programs aren’t on the table in securing deficit reductions, the President’s recent actions prove his rhetoric to be little more than political chicanery in upholding the integrity of Social Security, for an example. In an effort to stimulate the economy by putting more money into our pocketbooks, President Obama has proposed continuing the payroll tax reduction (now 4.1%) for Social Security. … Continue reading Obama’s assault on Social Security