Unemployment rates are starting to rival those of the Great Depression. Every day another bank goes down like duck-duck-goose. The Dow is trading at its lowest rate in decades. We haven’t seen more banks go under since the 1930s.
Scared yet? There are good reasons to be, but it’s that very fear that keeps things from [...]
Archive for category Politics
Is the Cash for Clunkers Program spent? The short answer is yes, but in reality the government will most likely be buying it again, considering the immense interest and success it had in its first year. The program’s first scheduled billion was spent in four days. The government followed the enormous interest the program received by dropping more cash into the project, adding $2 billion more. Even though that has been spent and the program will end earlier than expected, the success of the program pretty much guarantees it will be back again next year.
Since the year 2000, health insurance premiums have increased more than 100 %, which is 3 times higher than wage increases in the same period. Adding salt to the burn, 1 out of 3 Americans is under-insured or uninsured, creating a problem as simple medical procedures get put off until they erupt major emergency room complications. Health care costs are through the roof. We pay more than any industrial country; yet get less for our money. In fact, Norway has the second highest rate for health care costs, but we pay twice what they do.
Unless you’re a corporate bank, you probably can’t count on the Obama bailout to get you out of debt. Even the stimulus package is expected to have a subtle effect on this economy, barely stemming the rise of unemployment, much less repairing the damage that’s already been done. If you’ve gotten yourself into bad debt dealing with the pressures of this economy, you can’t wait until the market recovers before beginning your own financial recovery.
Health insurance premiums have risen by almost 100 % in the last decade, which is three times larger than the increase in wages over the last decade. Adding fuel to the fire, 1 out of 3 Americans is uninsured or under insured, which further pushes up the costs on those who do have insurance. In fact, we pay more than double than Norway, the only nation with more expensive health care than us.
