Fed Sticks to Bond-Buying Policy

       This article is about the Fed and how they are sticking to buying $600 million in US Treasury Bonds and keeping the interest rates near zero. Even though consumer spending for Christmas has raised significantly this year, unemployment continues to remain around 10%. In addition, Congress is expected to approve a tax cut package for next year. This has not changed the Fed's mind about their

Unemployment Checks Create Jobs? YEAH RIGHT

Back in June 2010 Nancy Pelosi made a statement that unemployment benefits are the fastest way to create jobs. This statement was made in support of extending the amount of time someone can receive unemployment benefits. The unemployment benefits were extended and now in December we have an even higher unemployment rate then we did back in June and now the extended benefits are expiring again. So

Tax Cuts to expire

I recently read an article on USnews.com entitled "Why Tax Hikes for the Wealthy are Inevitable" regarding the upcoming expiration of the Bush tax cuts that will soon end for the top income earners. While the articles poses several interesting reasons regarding the expiration of the tax cuts and the effects it will have on the top income earners, it seems as though a greater percentage of the

No Increase in Unemployment Benefits

Mercury News reports that the US Senate failed to pass an extension of unemployment benefits. They explain that this means that 2 million unemployed people in the US will face losing their benefits. They claim that this will have longterm repercussions for the nation and its economic recovery that is already slow coming. The article claims that this will stunt the already slow economic recovery,

Jobless aid loss could choke economic growth