http://newfinancialtruth.com Thu, 09 Sep 2010 03:02:52 +0000 http://backend.userland.com/rss092 en President Barack Obama presented his new economic stimulus plan in Ohio today. One thing he said really caught my attention. “You elected me to do what is right,” he said. I think if President Obama would “do what is right” for small businesses, it would create more jobs than anything he or anyone in Congress has proposed to date. [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/lloyd-chapman-new-obama-policy-wont-end-diversion-of-federal-small-business-funds-to-corporate-giants/ As many of you know, I have been obsessing lately about the way in which truth and facts have seemingly become irrelevant and missing from the public conversation of politicians and our news media. It’s not about whether one agrees or disagrees with the point of view of another. It’s about the way issues are [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/larry-gellman-lets-be-honest-about-jobs-and-the-economy/ The West Coast is the epicenter of economic stress in America and the economy may be the least taxing in the Midwest, according to a new ranking by the Associated Press. Across America, economic stress fell month to month in July in about 54 percent of the nation’s 3,141 counties, and in 24 of the 50 [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/the-most-and-least-economically-stressed-counties-in-the-u-s-photos/ On Monday President Obama called on Congress to approve $50 billion for highways, landing strips and rail lines to stimulate the economy and create jobs. Specifically, to build or rebuild 150,000 miles of road, to lay and maintain 4,000 miles of rail track and 150 miles of runways. Do we really need to focus on 150,000 [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/raymond-j-learsy-america-in-the-caboose-while-the-world-barrels-ahead-on-high-speed-rail/ WASHINGTON — The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth. Starting Tuesday, the Federal Housing Administration will permit lenders to give these borrowers refinanced loans backed by the government. The lenders will [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/white-house-launches-new-foreclosure-program-to-help-underwater-homeowners/ Greedy speculators in housing and private bankers, financial innovation and failure of risk models, regulators and credit rating agencies were all deservedly blamed for the recent financial crisis. Behind this all is public policy that worsened the problems. Long before the greed of speculators and bankers went wild and long before there were [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/raj-nallari-from-bubble-to-bubble-government-policy-blunders/ Ask 100 economists and television pundits the reason for the latest financial crisis and you’ll get 1,000 different answers that could leave you more confused than ever. Similarly, you would be equally confused if you asked their opinions as to why the middle class in America has suffered for decades with stagnant real wages, [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/john-r-talbott-becoming-argentina-a-review-of-third-world-america/ SEOUL, South Korea — The top executive at Kia Motors has resigned after the company recalled more than 100,000 vehicles worldwide over defective wiring, the automaker said Tuesday. Chung Sung-eun, vice chairman and CEO of South Korea’s No. 2 automaker, stepped down on Friday, according to company spokesman Michael Choo. “His resignation comes in the light of [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/kia-ceo-chung-sung-eun-resigns-after-recall/ Now that the United States has declared an end to the combat stage of its operations in Iraq, as if that is stopping IEDs from going off and deterring insurgents from attacking, it is time to start the inevitable process known as what if.” All historians and pundits sooner or later do this. For example, [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/david-isenberg-what-if-the-battle-that-did-not-have-to-happen/ WASHINGTON — They say money can’t buy happiness. They’re wrong. At least up to a point. People’s emotional well-being – happiness – increases along with their income up to about $75,000, researchers report in Tuesday’s edition of Proceedings of the National Academy of Sciences. For folks making less than that, said Angus Deaton, an economist at the Center [...]]]> http://newfinancialtruth.com/fianancial-and-economic-news/money-can-buy-happiness-study-finds-but-only-up-to-75000/