As I write this, it is starting to seem like most of the things that have been making so much of our economy here in the US, especially as it pertains to banking and Wall Street, figured out over in Europe. I will agree it seems like we have been close a couple of times before and there is certainly not an absolute, but we have gotten new technocratic governments in both Italy and Greece the seem largely on board with the changes that need to be made and we have an EU that seems largely on board with the support that it needs to offer to keep anything of a major collapse from occurring anytime in the real near future. With the strong earnings, combined with a very modest growth in the economy and very slight dip in the unemployment rates, some forecasters are starting to shoot for a positive 2011 after all. Not so fast I say…
Anyone not heard about what is going on with Egypt right now? A short recap, there are some major protests going on against the current government that is in power there. The person largely in power there at the current time is a fellow by the name of Hosni Mubarak and though there have been some shame elections, he is largely a dictator who has been in charge for about thirty years. The primary aim the loosely organized, largely peaceful protests? The ousting of Mubarak and the corrupt government and policies that are currently holding on to Egypt despite itself. Of course, what does this have to do with the United States and democracy I am sure a few of you are wondering?
700 billion for bailouts and where are after all of it? Consider how much that would have been for each person in the US if we had just made direct payments.
Danville’s poor management has apparently led to some penalties on taxes owed higher up the chain. This is a prime example bad government working for us.