Category Archives: economy

BPR Quote of the Day: Santorum’s Fuzzy Math

Posted on September 5, 2011 by Arlen Grossman

“[Obama] passed a huge stimulus package that now we know, over the past two quarters, has actually cost American jobs, and that’s from the report of his own administration,” Santorum asserted. “They claimed in December that by the end of … Continue reading →

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THE WAR BETWEEN THE CLASSES: America’s Second Civil War

Posted on September 2, 2011 by Arlen Grossman

“There’s class warfare, all right, but it’s my class, the rich class that’s making war, and we’re winning.”   — Warren Buffett It’s hard to pinpoint when the first shot in America’s Second Civil War was fired. People willing to go … Continue reading →

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Why You are Going Broke Filling Up Your Car

Posted on August 24, 2011 by Arlen Grossman

“There has been a major debate over the last several years as to whether spikes in oil prices are caused by the fundamentals of supply and demand or whether excessive speculation in the oil futures market is playing a major … Continue reading →

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BPR Quote of the Day: Parasite Nation

Posted on August 23, 2011 by Arlen Grossman

“The United States lives on credit, which for one of the leading economies is very bad. They are living beyond their means and shifting their problems onto the rest of the world. To some extent, the US is a parasite … Continue reading →

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The Fed’s Unprecedented Generosity

Posted on August 18, 2011 by Arlen Grossman

Here is what the Federal Reserve didn’t want you to know: They helped large banks and other corporations out of a terrible jam. Sounds like a nice thing to do. Why wouldn’t they want us to know that? Thanks to … Continue reading →

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BPR Quote of the Day: Understanding the Banking System

Posted on August 17, 2011 by Arlen Grossman

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”            Henry Ford     … Continue reading →

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Sacrifice by Democrats and Democrats

Posted on August 17, 2011 by Arlen Grossman

Obama: Debt Ceiling Deal Required Tough Concessions By Both Democrats And Democrats Alike AUGUST 3, 2011 | From the Onion ARTICLE TOOLS WASHINGTON—A day after signing legislation that raised the government debt ceiling and authorized steep budget cuts, President Obama … Continue reading →

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BPR Quote of the Day: Coddled Billionaires

Posted on August 16, 2011 by Arlen Grossman

“My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.” –Warren Buffett   Buffett’s NY Times Op-Ed Buffett: A traitor to his class, or a guy … Continue reading →

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“Karl Marx Had it Right”

Posted on August 14, 2011 by Arlen Grossman

Influential economist Nouriel Roubini, who accurately predicted the last economic meltdown, predicts more trouble ahead. In a Wall Street Journal  “Big Interview” on TV last week, Roubini gave a very pessimistic forecast for the world economy.   Roubini blamed George W. … Continue reading →

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The Next Great Depression: Coming Soon?

Posted on August 13, 2011 by Arlen Grossman

Looking at the precarious state of the American and world economy, I would suggest that the volatility of the stock market last week is a strong early warning that a major financial crash in on the way. The massive amounts … Continue reading →

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