Great Recession Leaving Tracks
At his rented home in Lehigh Acres, James Mould sells items that families in the area tossed out before moving As the Great Recession/Depression II plays out, it’s leaving tracks almost everywhere imaginable. How this event impacts any particular person really depends upon how leveraged (indebted) one was and whether or not one was … Continue reading
Obama fires back: Responds to African-American Critics
Over the past few weeks, Obama has come under intense fire from prominent African Americans ranging from Cornel West to Danny Glover, Jesse Jackson and the Congressional Black Caucus. The basic complaint is that Obama has ignored the plight of African-Americans and some think that some special dispensation needs to be given as a salve … Continue reading
Debtor’s Dilemma: Pay the Mortgage or Walk Away
Well, in the post immediately preceding this one, we see that there are people whose financial situation is such that they have to worry about eating between getting their monthly food stamp allotment. That’s not the full story of the financial crisis as we’ve another group of people who, while not needing to concern themselves … Continue reading
Midnight in the food-stamp economy
I read an interesting article from Reuters on the food stamp economy. Retailers like Costco and Walmart have had to upgrade their point of sale systems to handle food stamp EBT cards. Clearly, the job situation has driven droves of people onto the public assistance rolls. Ultimately, people are going to have to come up … Continue reading
Are Blacks Abandoning Obama?
More heat on Obama from prominent African-Americans. Basically, they’re having a problem with his seemingly lack of empathy for the plight of African-Americans in the Great Recession and the continuation of the policies of George Bush on the foreign and domestic policy fronts. The article references a state-wide poll in Georgia that reflects a 35% … Continue reading
Coordinated warning to Obama from African Americans
An op-ed from Dwayne Wickham, a noted African-American columnist. He’s reporting on the Congressional Black Caucus’ anger at perceived slights from Obama. The CBC recently boycotted some legislation to force some spending initiatives for neighborhoods and the unemployed in the districts they represent. Several prominent African-Americans across the board are going after Obama in a … Continue reading
Cornel West: Obama is for big business not the jobless
Well, it looks like some prominent African-Americans are taking the gloves off and starting to go after Obama as they should. To be fair, Obama was somewhat hemmed in by certain things put in place by his predecessor such as the $ 700 billion Troubled Asset Relief Program (TARP) to bail out Wall Street, but there really has … Continue reading
The "ARM" and leg that’s not being talked about
Over the past couple of weeks there have been a few headlines about housing prices and home sales increasing along with an overall economic recovery. The so-called economic recovery is fragile and bifurcated in the sense that Wall Street is having a party while the regular folks worry about having jobs and covering the mortgage. … Continue reading
Myths that keep black Americans unemployed
An excellent op-ed from John McWhorter. McWhorter is a well known African-American conservative and here he explodes the myths that African-Americans sometimes operate under that result in some remaining unemployed. With respect to everything he says about the myth relative to securing employment, I’m in 100% agreement and there’s nothing to be added. Where we depart ways … Continue reading
Afghanistan: The Graveyard of Empires
Afghanistan: The Graveyard of Empires Great advances in knowledge are usually the result of someone being enough of a heretic to discard old worn out conventions and precedents and to see things in a new light unencumbered by outdated thinking. Largely, this is really about truth-seeking. This is particularly applicable to the current crisis this nation faces. Ostensibly, … Continue reading
The African-American Clarion Call 