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Showing posts from August, 2011

Where are America’s Housing Market and Unemployment Rate Heading?

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Keywords or Terms: Housing Market;Fannie Mae; Freddie Mac; Unemployment Rate; Housing subsidies; Nominal Interest Rate; Home Equity Loans; Government Revenue; Loan-to-value ration threshold; Employment Data; Public Employment; Private Employment; Economic Performance Indicators; Veteran Benefits; Social Security Benefits, Medicaid and Medicare Benefits.
The challenging housing market and high unemployment rate in America inspire a review of past policies and some possible recommendation on the best options available to government to avert Economic Armageddon due to the slumping housing market and painful unemployment problem. Given that no true solution for the depressing housing market and unemployment rate can be complete without addressing government subsidies in the housing, banking and finance sectors, it will be premature to make recommendations that are short-term in unraveling current challenges. Further, it will be superficial to expect long term changes in the housing glut wi…

Unemployment: Finding Immediate Solution to a thorny national problem?

Keywords or Terms: Sluggish Economy; Unemployment; Presidential Politics; Acrimony; State of Texas; The Feds Chief; Federal reserve Bank; Keynesian; Monetarists; President Obama; Rick Perry; Dr. Bernanke

There’s more to the unemployment problem than many of our lawmakers are willing to accept. Now that the economy has tanked from the sluggishness in response from congress and probably the Whitehouse, some opportunistic presidential aspirants are using the unemployment issue as a political kick ball. Governor Perry, yes that Texas Cowboy, who was a lackluster student at Texas A & M, just labeled President Obama as a job killer, a stretch at best; as the private sector has been creating jobs in the economy, but not at the pace needed to catch up with a huge 9% and more, unemployment problem. Could you imagine a Republican governor or lawmaker lambasting President Obama as a job killer after what happened with the recent congressional debt ceiling debate?

Can you imagine any Republica…

Gang of 12: Partnering with Republicans for the greater good of the world’s leading economy?

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Keywords or Terms: Democrats; Republicans; Gang of Twelve; Sen Patty Murray (D-WA); Sen. John Kerry (D-MA); Sen. Max Baucus (D-MT); Rep. Dave Camp (R-MI); Rep Fred Upton (R-MI); Rep Jeb Hensarling (R-TX); Sen. Rob Portman (R-OH); Sen. Jon Kyl (R-AZ); Sen. Pat Toomey (R-PA); Rep. James E. Clyburn (D-SC); Rep. Xavier Becerra (D-CA); Rep. Chris Van Hollen (D-MD); Compromise; Balanced Approach; Lawmaking

Democratic lawmakers in congress are too often circumspect of the true intentions of their Republicans Counterparts; and vise-versa. Who can blame them, considering the recent stalemate regarding the lifting of debt ceiling? While Democratic Leaders in Congress were perceived by the public as conciliatory, Republican Leaders were found to be at the mercy; or in imprisonment, of a factional group within their party; a difficult situation that made negotiations and reaching compromises on raising the debt ceiling, rather difficult. It wasn’t only that the Republican leadership felt captive t…

FRANCA ESILOKUN WILKIE (1959 -1986): A memorial for a Dear Friend

Franca, a dear friend, who left us a quarter of a century ago, used to like this music from Simon and Garfunkel. Enjoy the Lyrics with me as I keep on keeping the promise: