From The Market Ticker
Government Failures
Posts about government’s negative manipulation and impact on the American citizen.
An Economic Recovery Driven By Foreclosures? Interesting idea…
In roaming through my research sites, a fascinating possibility was offered up to account for the “green shoots” and “economic recovery” that we have heard so much about lately. The theory starts with the millions of foreclosures in the United… Read More ›
Steve Wynn, “Macau and China is stable, Washington is not” as investments (and the jobs that go with it) leave the United States
I never thought the day would come, but China is now a more stable and safer place to invest than here in America. Steve Wynn is an American casino resort and real-estate developer with a net worth of $1.5 billion… Read More ›
Obama Limits Aid On BP Oil Spill – Only Labor Union Help Allowed
Never one to let an opportunity to help labor unions go to waste, Obama is not allowing non-union skimmer ships that could assist in cleaning up the BP oil spill to join the cleanup effort. As a result, many oil… Read More ›
Foreclosed Homeowners In California Get $100,000 To Pay Their Mortgage
As reported today by the Sacramento Bee, The federal government has stepped in to help California homeowners in foreclosure by confiscating $420 million from taxpayers all over the country to assist overextended home debtors who bought homes they couldn’t afford… Read More ›
Meet The Poor In America – Warning: You May Find This Disturbing
Did you know that 46% of all poor households own their own homes? Or that 75% of them own a car, while 30% of them own two cars? That 78% have a VCR or DVD player and 62% have cable… Read More ›
$1.8 Billion Spent At Casinos By Welfare Recipients & Prisoners Collect $9 Million From The Homebuyer Tax Credit
In discussions with people about the pros and cons of welfare and other social programs, my biggest argument against such programs is the rampant fraud. Today, U.S. News reports that the IRS uncovered $27 million in fraudulent claims from the federal “home buyer tax credit,” including a four… Read More ›
431,000 Jobs Added in May But 411,000 Were Temporary Government Workers
In a country where it takes 200,000 new jobs a month just to break-even as young people enter the workforce and newly arrived legal immigrants seek employment, only adding an estimated 20,000 private sector jobs is a massive net loss… Read More ›
Housing Market Double-Dip Roller Coaster, Hang On To Your Hats!
The fact that the housing market recorded its largest ever home sales decline in history last month proves yet again that government stimulus does not work, and in fact makes things worse, while articles such as the one today continue to… Read More ›
Federal Stimulus Dollars Spent in Irvine, CA – Number of Jobs Created: 0
I was cruising the website for the city of Irvine, CA when I stumbled on their “American Recovery and Reinvestment Act (ARRA)” page. ARRA is the $800 billion federal stimulus package that Obama said would create 3.5 million jobs in… Read More ›
President Issues Letter to G20 Nation Leaders – Chock Full of Typos
C’mon! Really!? The leader of the free world can’t be bothered to click on spell-check before issuing a letter to the world’s leaders? How embarrassing. From the White House website found here, is an important letter from the President of… Read More ›
How Many Days Can A Squatter Live Mortgage Free?
A lot. And it’s getting worse. Every time a state or federal government steps in and demands a moratorium on foreclosures, it just makes the process take even longer. As the rate of foreclosures increase, the system falls ever more… Read More ›
How To Live Life Large While In Foreclosure
In recent Angrywoodchuck posts you’ve read about how strategic default is the new black. For Alex Pemberton and Susan Reboyras, their foreclosure has been a blessing in disguise. They’ve been able to use the money that they once wasted on… Read More ›
Feds Declare Arizona Anti-Illegal Immigration Law Unconstitutional, Then Admit They Haven’t Read It
I’m at a loss for words at the rampant incompetence in our government…it’s just; striking… The head of the Department of Justice and the head of the Department of Homeland Security are blasting their hate of Arizona’s anti-illegal immigration law… Read More ›
Government Says You Must Stop Eating Salt
Big Brother is now watching how much salt you’re eating. I hope this is what everyone wanted, because it’s finally here…a government nanny state of epic proportions that is hell-bent on controlling every aspect of your life. As reported yesterday in the… Read More ›
An Information Revelation
The main purpose of this blog is to empower people with information. I remember the day that I realized my high school education was all but worthless when I read Howard Zinn’s, A People’s History of the United States. I… Read More ›
$10,000 For Retirement Is Plenty
How about $1,000? That’s how much 27% of Americans have saved for retirement. According to BeforeItsNews.com, “The United States financial system is facing a retirement crisis of unprecedented magnitude in the coming years. Social Security and Medicare are both on… Read More ›
FDIC – Time To Pay Your Neighbors Mortgage
Another example today of moral hazard as the FDIC announces plans to test principal reductions. A principal reduction is when the bank allows a foreclosed homeowner to have their total home loan value reduced, also known as a “cram-down” or “principal… Read More ›
Angrywoodchuck's Blog 