The United States of Bankruptcy
By Bill GlynnAmerica is financially, spiritually, morally and politically BANKRUPT. A scathing verdict on the state of this union and 20 things we should do to save our way of life.
"If the united states was a company the board of directors and management team would all be fired and probably in jail."
Monthly Archives: January 2009
By Bill Glynn | Published: January 28, 2009
Stimulus Plan: Economic Prozac or Economic ViagraWhat will the plan do for a depressed and impotent economy Compare the metrics today to the Great Depression and it is actually on par much worse. 65,000 jobs cut just this week. There is a lot more coming. I really hate being the bearer of [...]
By Bill Glynn | Published: January 25, 2009
I’ll say it again – If consumers can’t consume our Consumption Economy will fail Consumption Economy. That has been America’s main economic engine for many years. Consumers and businesses alike are corpses rotting on the battlefield of life and no one is dragging the wounded off the beach. When you see major companies [...]
By Bill Glynn | Published: January 23, 2009
Has Obama inherited a lose-lose situation Wall Street is up and down like a Yo Yo. Obama faces one of the most challenging financial crises since the Great Depression. And main street is hobbled. Is there any light at the end of the tunnel? The US is bailing water out of [...]
By Bill Glynn | Published: January 16, 2009
The Wizard of OZ: US pulling strings behind the curtain Don’t we all wish we can go home and get out of the nightmare. The problem is there are no ruby slippers and this isn’t the American dream. Our children are born in debt and a plastic spoon in their mouth. I wonder if [...]
By Bill Glynn | Published: January 12, 2009
Trillions invested in high flying Hedge Funds will get a buzz cut in 09 I bet many didn’t see this one coming! Worse many don’t even know what the heck it is. Hedge funds represent over $ 2 trillion invested in the financial markets. So why do we care? Do you recall Long Term [...]
By Bill Glynn | Published: January 7, 2009
Trillions of new spending + Trillions added to the deficit over the coming years Face it America is on its back and largely impotent to change our economic woes anytime soon. All the stimulus packages being flaunted around DC may have a near term jobs increase which is much needed but at what price. [...]