Other than the man who is “packing” and apparently proud enough of the “package” to spread it wide and far on Twitter announcing he is retiring (BUT, not until after he takes his two weeks PAID to the tune of $7,000. Leave of Absence from the House!) there really have been a few more things happening on Capital Hill. You may want to look into these stories.
— Paul Ryan discusses Medicare – he’s open to optional…
— And payroll tax holidays. (Spoiler: He’s not a fan.)
— Those trade deals? Maybe next week.
— Regulators: We’re not stifling the financial sector. Promise.
— Related: House appropriators check Dodd-Frank.
— Barney Frank: Ain’t my concern how profitable a bank is.
— GOP freshman follow through on recess appointment letter.
— Xavier Becerra, Kay Bailey Hutchison have different views on Social Security.
— Housing construction up, but the sector still sluggish.
— Ditto: Initial unemployment claims drop, but remain elevated.
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Stock market down for the seventh week in a roll. A much deeper depression is coming In my Opinion. Of course I have been saying this for a couple decades and I guess I lived long enough to see it. I also said when it came it would make the last Great Depression look like a county picnic. Hang on to your few assets and save. Then Pray to God and grab your family and friends and neighbors close because you all together are all that you will have to depend on.
Rioting in Greece is continuing but hasn’t made any impression on the European Union bailing Greece out again with more EUROS. No the big banks of Germany and France simply want the tax payers of their countries to pay the Greek bills for the money they foolishly loaned the Greeks. AND, now that the Greek Two Year Bonds are offer 29% the big bankers will jump on that deal because they know that again the politicians will pay them off with the people’s taxes. Kind of a familiar story, isn’t it? In Europe just as in this country it is the big banks and big bankers. Remember there are many many small fiscally responsible banks and bankers—maybe you should search these banks out and give them your business–again just an Old Broad’s opinion, but I simply refuse to reward the thieves who are in league with the thugs.
Was hearten to see the Senate vote to cut the utterly stupid, wasteful and corrupt ethanol corn subsidies. I don’t see it going anywhere because there are still too many Old Dogs in the House who are not yet smart enough to understand the tax payers are tired of support big agribusiness and failed government handouts. BB