AIG has already received over $150 billion from the government, and now they want an additional $60 billion: American Insurance Group, the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday, when it will report the […]
Well under Bush it appears to have done just the opposite: The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said Tuesday. The Treasury Department said the banks reduced their mortgage and business loans by a median of […]
Wow! As a diabetic, I know the enormous costs associated with combating the disease, but when you look at the whole national picture, the amount is phenomenal: As diabetes is rapidly becoming one of the world’s most common diseases, its financial cost is mounting, too, to well over $200 billion a year in the U.S. […]
You know the economy is getting bad when Hormel can’t produce Spam quick enough: The economy is in tatters and, for millions of people, the future is uncertain. But for some employees at the Hormel Foods Corporation plant here, times have never been better. They are working at a furious pace and piling up all […]
This always amazed me. You can pay for insurance for years, but once you actually need it, then the company can drop you. Well one insurance company got in some hot water for that practice: One of California’s largest for-profit insurers stopped a controversial practice of canceling sick policyholders Friday after a judge ordered Health […]
And the RNC crime family looses another one: Representative Rick Renzi, a Republican from Arizona, has been indicted by a federal grand jury in an alleged scheme to profit from a land deal. Renzi, 49, announced in August that he wasn’t seeking re- election. He was first elected to the House in 2002. Two others […]
This could prove to be a problem for Hillary: Democrat Hillary Rodham Clinton said Sunday she might be willing to garnish the wages of workers who refuse to buy health insurance to achieve coverage for all Americans. The New York senator has criticized presidential rival Barack Obama for pushing a health plan that would not […]
Or “Bush’s Legacy”. The House Democrats have put out a chart comparing the economy between today and 1/20/01, when Bush took over. The entire chart is very interesting, but there is one section that really caught my eye. Look at those numbers and think about them (click the image to see the larger/full chart). Americans […]
Jim Cramer was on Hardball tonight talking about the economy and Bush’s big plan. To say he isn’t impressed with Bush’s plan would be an understatement. Like Cramer points out – how much do tax credits help? No one will see those for months, if that. The economy doesn’t have that long. Besides that the […]
You get to stay away from the doctor and hospitals and maybe even having your life saved! President Bush vetoed legislation Wednesday that would have expanded government-provided health insurance for children, his second slap-down of a bipartisan effort in Congress to dramatically increase funding for the popular program. It was Bush’s seventh veto in seven […]