Friday, January 14, 2011

'Listen, we f***ed up. We lost the economy.'

Gee, this seems surprising:

Home foreclosures in 2010 top 1 million for first time

Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose...

First time jobless claims rise in week

The U.S. Department of Labor said Thursday first-time claims for jobless benefits rose by 35,000 last week, pushing back above 400,000 claims...

S&P, Moody's Warn On U.S. Credit Rating

With attention focused on sovereign-debt worries in Europe, two major credit-rating firms reminded investors again that the U.S. has debt problems of its own...

..."The warning on the U.S. rating is well-founded," said Brian Yelvington, chief fixed-income strategist at Knight Capital. "However, it will probably fall on deaf ears until the peripheral Europe story plays out."

Moody's Investors Service said in a report on Thursday that the U.S. will need to reverse the expansion of its debt if it hopes to keep its "Aaa" rating.

Illinois hikes taxes 67% and the fastest lie in history

Tax insanity in Illinois is now official. Governor Pat Quinn signed off on a 67% hike in personal income taxes and a 46% hike in corporate taxes the moment the bill hit his desk... ...The Daily Herald notes that On the campaign trail, Gov. Pat Quinn told voters he'd veto any income tax hike that would raise Illinois' rate over 4 percent.

I believe this is one of the fastest proven lies political history.

Aren't Democrat-controlled social Utopias kewl?

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