Democrats want to take all our money and return to us one dime out of each dollar.
Republicans want to take all our money and give it to corporations and the wealthy.
Neither is acceptable!
Campaign 2010
Countdown to Congressional Elections
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Nouriel Roubini, economic professor at New York University, gave an interview for CNBC in Paris, France yesterday. Roubini says $100 oil along with higher interest rates will play havoc with the economy. He also offered some other interesting information pertaining to the world’s economy.
On Friday I posted the report just below this one in which I pointed out that CNBC was finally acknowledging the impact higher oil prices were having on the economy and how those rises in oil prices were due solely to speculators and investors. Interesting enough, the price of oil rose only slightly on Friday and dropped nearly $3 yesterday. However, there was nearly a $2 gain today. This has been the pattern over the past 3 months.
Speculators are not interested in economic recovery. They are day-traders (scavengers) who are only interested in getting all they can get today. They have learned well from the Yuppie generation.