Tuesday, December 22, 2009
Friday, December 18, 2009
Dump The "Tell-Lie-Vision"
Monday, July 27, 2009
Stimulus Package
Our country faces its most serious economic crisis since the Great Depression.
With a new government in office, several economic reforms have been put into action to help revitalize the economy.
This Federal Stimulus Plan aims to:
- Create new good jobs in America
- Provide relief for struggling families
- Increase assistance available to homeowners
- Provide assistance for business owners
- Increase funding for programs like Government Grants to help US citizens
"Next Steps For US Citizens"
The Federal Stimulus Plan will provide relief for US citizens through a variety of programs. If you are a US citizen in financial distress or simply want to improve your financial situation, it is recommended you take the following three steps to help improve your financial situation:
- Obtain a free credit report to better understand your financial situation
- Lower your interest payments and consolidate your debt
- Refinance your mortgage to lower your payments and prevent foreclosure
"Programs That Provide Immediate Help"
As an alternative to tax cuts, the government is providing economic relief to US citizens as part of the Federal Stimulus plan. Government grants, debt consolidation, and housing assistance will all play a key role in the Stimulus Plan as a way to provide assistance to those in need. In addition, there are several other programs and services available to individuals that can help you:
Consolidate Debt and Lower Interest Payments on Outstanding Debt
Access Mortgage Assistance and Prevent Foreclosure
Protect Your Credit with a Free Credit Report
"Additional Programs: Government Grants"
Demand will be high for these programs and many people have already applied. Although billions of dollars have been set aside for the Federal Stimulus Plan, the funds will only last for a limited period of time. If you are interested in applying for one of these programs, you should do so immediately before the funds are depleted.
Application kits have been assembled and contain additional information about how to apply. View the available programs to determine what funding is available to US citizens and to find out more about how to request assistance. Learn more about which programs are available to you and what types of funding you may qualify for.
Where Are You 5 Years From Now?
US Vice President Joseph Biden on Sunday defended a 787-billion-dollar stimulus package adopted to jump-start the troubled US economy, but admitted recovery was a long way off.
"We still have a long way to go, but clearly we are closer to recovery today than we were in January," Biden wrote in an op-ed piece in The New York Times. "The Recovery Act has been critical to that progress."
Passed by Congress earlier this year and signed by President Barack Obama into law, the package combines government-funded infrastructure projects with tax relief and assistance to those affected by the slump.
But it has been under fire from Republics who dubbed it inefficient and wasteful.
"But the way I see it, our balanced approach recognizes that there is no silver bullet, no single thing, that can address the many and complex needs of America?s vast economy," Biden wrote.
"We need relief, recovery and reinvestment to cope with our multifaceted crisis -- and only 159 days after it was signed by President Obama, the Recovery Act is already at work providing all three."
What's Your Move?
Leading US banks are not lending as much as bankers and borrowers refrain from taking risks in the uncertain economy, The Wall Street Journal reported.
An analysis by the Journal showed the total loans held by 15 large US banks shrank by 2.8 percent in the second quarter, and that more than half of the loan volume in April and May came from refinancing mortgages and renewing credit to businesses and not fresh loans.
The banks surveyed include financial giants such as J.P. Morgan Chase, Bank of America and Citigroup as well as regional banks such as Fifth Third Bancorp, based in Cincinnati, and Regions Financial Corp. of Birmingham, Alabama.
The 15 banks hold 47 percent of federally insured deposits and got 182.5 billion dollars in taxpayer-funded capital infusions through the Troubled Asset Relief Program, the report said.
As of June 30, the banks had 4.2 trillion dollars of loans on their balance sheets, down from 4.3 trillion dollars on March 31.
Loan portfolios shrank at 13 of the big banks, with the steepest decline at Comerica Inc., Dallas, where the loan total was down 4.3 percent to 46.6 billion dollars in the latest quarter, the paper noted.
Bank of America reported its loan portfolio slipped 3.6 percent to 942.2 billion dollars in the second quarter, the report said.
A spokesman for the largest US bank by assets said the decrease reflected higher loan losses and lower loan demand as borrowers pay off outstanding debts.
"There were fewer opportunities to make high-quality loans because of the recession," he said.
The 15 banks reported about 803 billion dollars in loan volume in the second quarter, up 12.7 percent from the first quarter, The Journal said.
But nearly 60 percent of the increase in April and May came from refinancing mortgages and renewing business loans, according to the report. In contrast, new home purchases accounted for just 23 percent of all mortgage loans.
On a year-to-year basis, total loans held by the 15 big banks rose 17 percent from 3.6 trillion dollars in the second quarter of last year, the paper reported.
But the increase was skewed by the impact of acquisitions that included J.P. Morgan's takeover of the banking operations of Washington Mutual and Wachovia's purchase by Wells Fargo Bank, it said.
Excluding purchases, loan portfolios shrank by about 10 percent as of June 30 from a year earlier, according to the report.
Verizon to cut 8,000 jobs (WHAT'S YOUR BACKUP PLAN)
Phone company Verizon says it will cut 8,000 jobs from among employees and contractors before the end of the year to keep costs in line as the recession saps demand from businesses for telecommunications services.
Executives said the cuts will come from the wireline side of the business.
In recent years, New York-based Verizon Communications Inc. has balanced layoffs in its wireline business with hiring in wireless, making for a net increase.
But Chief Operating Officer Denny Strigl says that will not be the case this time. He says there will be no large-scale hiring in wireless until the recession is over.
Verizon ended June with 235,000 employees.
Sunday, May 17, 2009
The Great College Hoax by Kathy Krist of Forbes Magazine
As steadily as ivy creeps up the walls of its well-groomed campuses, the education industrial complex has cultivated the image of college as a sure-fire path to a life of social and economic privilege.
Joel Kellum says he's living proof that the claim is a lie. A 40-year-old Los Angeles resident, Kellum did everything he was supposed to do to get ahead in life. He worked hard as a high schooler, got into the University of Virginia and graduated with a bachelor's degree in history.
Accepted into the California Western School of Law, a private San Diego institution, Kellum couldn't swing the $36,000 in annual tuition with financial aid and part-time work. So he did what friends and professors said was the smart move and took out $60,000 in student loans.
Kellum's law school sweetheart, Jennifer Coultas, did much the same. By the time they graduated in 1995, the couple was $194,000 in debt. They eventually married and each landed a six-figure job. Yet even with Kellum moonlighting, they had to scrounge to come up with $145,000 in loan payments. With interest accruing at up to 12% a year, that whittled away only $21,000 in principal. Their remaining bill: $173,000 and counting.
Kellum and Coultas divorced last year. Each cites their struggle with law school debt as a major source of stress on their marriage. "Two people with this much debt just shouldn't be together," Kellum says.
The two disillusioned attorneys were victims of an unfolding education hoax on the middle class that's just as insidious, and nearly as sweeping, as the housing debacle. The ingredients are strikingly similar, too: Misguided easy-money policies that are encouraging the masses to go into debt; a self-serving establishment trading in half-truths that exaggerate the value of its product; plus a Wall Street money machine dabbling in outright fraud as it foists unaffordable debt on the most vulnerable marks.
College graduates will earn $1 million more than those with only a high school diploma, brags Mercy College radio ads running in the New York area. The $1 million shibboleth is a favorite of college barkers.
Like many good cons, this one contains a kernel of truth. Census figures show that college grads earn an average of $57,500 a year, which is 82% more than the $31,600 high school alumni make. Multiply the $25,900 difference by the 40 years the average person works and, sure enough, it comes to a tad over $1 million.
But anybody who has gotten a passing grade in statistics knows what's wrong with this line of argument. A correlation between B.A.s and incomes is not proof of cause and effect. It may reflect nothing more than the fact that the economy rewards smart people and smart people are likely to go to college. To cite the extreme and obvious example: Bill Gates is rich because he knows how to run a business, not because he matriculated at Harvard. Finishing his degree wouldn't have increased his income.
All the while students have been lulled into thinking of the extra $1 million that will be theirs, they have been forced to disgorge an ever larger fraction of it in pursuit of the degree. While the premium that college grads earn over high schoolers has remained relatively constant over the past five years, the cost of acquiring a degree has risen at twice the rate of inflation, dramatically undermining any value a sheepskin adds.
Offsetting that million-dollar income discrepancy is the $46,700 four-year cost of tuition, fees, books, room and board at a public school and $99,900 at a private one--even after financial aid, scholarships and grants. Add all this to the equation and college grads don't pull even with high school grads in lifetime income until age 33 on average, the College Board says. Even that doesn't include the $125,000 in pay students forgo over four years.
"I call it the million-dollar misunderstanding," says Mark Schneider, vice president of the American Institutes for Research, of the prevailing propaganda.
Not only are college numbers spun. Some are patently spurious, says Richard Sander, a law professor at UCLA. Law schools lure in minority students to improve diversity rankings without disclosing that less than half of African-Americans who enter these programs ever pass the bar. Schools goose employment statistics by temporarily hiring new grads and spotlighting kids who land top-paying jobs, while glossing over far-lower average incomes. The one certainty: The average law grad owes $100,000 in student debt.
"There are a lot of aspects of selling education that are tinged with consumer fraud," Sander says. "There is a definite conspiracy to lead students down a primrose path."
Warped as the numbers are, they don't begin to account for the hidden cost of higher education: financing it. Borrowing has doubled over the past decade, to roughly $85 billion in new student loans in the 2007--08 academic year, bringing total student debt owed to well over half a trillion dollars. The average borrower went $19,200 into debt for a diploma in 2004, a 58% increase after inflation since 1993, according to the Project on Student Debt.
Friday, February 6, 2009
Tuesday, January 20, 2009
MY PRESIDENT IS BLACK!!!
Monday, January 19, 2009
Thursday, January 8, 2009
My 1st Time Voting
Sunday, December 14, 2008
Thursday, December 11, 2008
Seriously People, WHAT'S YOUR BACKUP PLAN?
Tuesday, December 2, 2008
Poll Questions!!!
Friday, November 28, 2008
Tuesday, November 25, 2008
Aint This Some "BUSH" Sh!T

The new round of White House pardons are Bush's first since March and come less than two months before he will end his presidency. The crimes committed by those on the list also include offenses involving hazardous waste, food stamps, and the theft of government property. Bush has been stingy during his time in office about handing out such reprieves.
Including these actions, he has granted a total of 171 and eight commutations. That's less than half as many as Presidents Clinton or Reagan issued during their time in office. Both were two-term presidents.
On the latest pardon list were:
- Leslie Owen Collier of Charleston, Mo. She was convicted for unauthorized use of a pesticide and violating the Bald and Golden Eagle Protection Act.
- Milton Kirk Cordes of Rapid City, S.D. Cordes was convicted of conspiracy to violate the Lacey Act, which prohibits importation into the country of wildlife taken in violation of conservation laws.
- Richard Micheal Culpepper of Mahomet, Ill., who was convicted of making false statements to the federal government.
- Brenda Jean Dolenz-Helmer of Fort Worth, Texas, for reporting or helping cover up a crime.
- Andrew Foster Harley of Falls Church, Va. Harley was convicted of wrongful use and distribution of marijuana and cocaine.
- Obie Gene Helton of Rossville, Ga., whose offense was unauthorized acquisition of food stamps.
- Carey C. Hice Sr. of Travelers Rest, S.C., who was convicted of income tax evasion.
- Geneva Yvonne Hogg of Jacksonville, Fla., convicted of bank embezzlement.
- William Hoyle McCright Jr. of Midland, Texas, who was sentenced for making false entries, books, reports or statements to a bank.
- Paul Julian McCurdy of Sulphur, Okla., who was sentenced for misapplication of bank funds.
- Robert Earl Mohon Jr. of Grant, Ala., who was convicted of conspiracy to distribute marijuana.
- Ronald Alan Mohrhoff of Los Angeles, who was convicted for unlawful use of a telephone in a narcotics felony.
- Daniel Figh Pue III of Conroe, Texas, convicted of illegal treatment, storage and disposal of a hazardous waste without a permit.
- Orion Lynn Vick of White Hall, Ark., who was convicted of aiding and abetting the theft of government property.
Bush also commuted the prison sentences of John Edward Forte of North Brunswick, N.J., and James Russell Harris of Detroit, Mich. Both were convicted of cocaine offenses.
Some high-profile individuals, such as Michael Milken, are seeking a pardon on securities fraud charges. Two politicians convicted of public corruption — former Rep. Randy "Duke" Cunningham, R-Calif., and four-term Democratic Louisiana Gov. Edwin W. Edwards — are asking Bush to shorten their prison terms.
One hot topic of discussion related to pardons is whether Bush might decide to issue pre-emptive pardons before he leaves office to government employees who authorized or engaged in harsh interrogations of suspected terrorists in the wake of the Sept. 11, 2001, attacks. Some constitutional scholars and human rights groups want the incoming administration of President-elect Barack Obama to investigate possible war crimes.
If Bush were to pardon anyone involved, it would provide protection against criminal charges, particularly for people who were following orders or trying to protect the nation with their actions. But it would also be highly controversial.
At the same time, Obama advisers say there is little — if any — chance that his administration would bring criminal charges.

