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Analysis Topic: Politics & Social Trends

The analysis published under this topic are as follows.

Politics

Monday, August 01, 2011

Stock Index Futures Surge on Pathetic U.S. Debt Ceiling Deal / Politics / US Debt

By: Mike_Shedlock

Best Financial Markets Analysis ArticleAfter spending a day in the garden weeding and transplanting I arrive at my computer to see S&P futures up 20 points, 1.5% on news a compromise was reached. Quite frankly this is ludicrous given that anyone not brain dead knew a deal would be reached.

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Politics

Monday, August 01, 2011

The Reality of the Debt Ceiling Drama / Politics / US Debt

By: Mike_Stathis

Best Financial Markets Analysis ArticleOver the past several weeks, the media has had a field day covering the debt ceiling talks between both political parties. It’s been dominates news headlines for more than a month. Prior to the latest distraction by the media, the focus was Casey Anthony, followed by Congressman Weiner, then Casey Anthony again. 

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Politics

Sunday, July 31, 2011

Bipartisan "Russian Roulette", The Debt Ceiling Is Unconstitutional / Politics / US Debt

By: Ellen_Brown

Best Financial Markets Analysis ArticleThe debt ceiling crisis can be averted by enforcing the Fourteenth Amendment, which mandates the government to pay its debts already incurred, including pensions.  That means Social Security, which IS an “entitlement,” in the original sense of the word.  We’re entitled to it because we’ve paid for it with taxes.   

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Politics

Sunday, July 31, 2011

Debt Ceiling Crisis Objective is to Scrap Social Security and Medicare / Politics / US Politics

By: Bob_Chapman

Best Financial Markets Analysis ArticleThere is still no debt limit for the US Treasury and the protagonists are still playing politics. That leaves a week to find a solution by August 2nd.

The first House passed a $16.7 trillion cut, cap and balance bill calls for a cut in the fiscal September 1st budget for 2012 and a balanced budget amendment that goes into effect in five years. Why five years, so they can amend it in a couple of years? This is truly political theater. This has little to do with the budget and everything to do with political powers. Worse yet, unless it meets the President’s approval, he will veto the bill.

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Politics

Sunday, July 31, 2011

U.S. Economy Failure to Recover Triggers Economic Armageddon / Politics / Great Depression II

By: Paul_Craig_Roberts

Best Financial Markets Analysis ArticleAs the second decade of the 21st century began, the US economy had not recovered from the Great Recession that began in December 2007.

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Politics

Sunday, July 31, 2011

After U.S. Debt Ceiling Agreement - What's Next? / Politics / US Debt

By: George_Maniere

           Before I begin I want to say to my readers that I believe our founding fathers believed that serving in the government was a privilege not a profession. Sadly, when I look at our government I see people in elected office that by any measure have no practical experiences in life. I look and see people that have groomed themselves for a life in the political arena and for the most part their careers have been carefully orchestrated to lead them down that path. As with any generalizations there are exceptions. I am sure that there are members of Congress that had a life in business before they ran for political office. I will use a random example of Speaker of the House John Boehner.

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Politics

Sunday, July 31, 2011

He Once Told the Truth, Obama vs Obama / Politics / US Politics

By: Gary_North

Diamond Rated - Best Financial Markets Analysis ArticleAs a lawyer, Obama was trained to argue rival positions, depending on who hired him. So, what I am about to present should not be regarded as hypocrisy on his part. Yes, it is hypocrisy by the standards of any normal human being, but not for a lawyer. He is a lawyer. He does what lawyers do. He looks to see who is buttering his bread, and then he presents his case.

When we elect lawyers to political office, this sort of thing happens.

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Politics

Sunday, July 31, 2011

U.S. Debt Ceiling Politics of Default Hype, Fear Mongering and Idle Threats / Politics / US Debt

By: Mike_Shedlock

Best Financial Markets Analysis ArticleIn a nearly useless face-saving maneuver, House Speaker John Boehner managed to twist enough arms to narrowly pass his bill that was instantly rejected in the Senate.

Questions abound.

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Politics

Sunday, July 31, 2011

The Kabuki Play On Capitol Hill Comes Right Before The Debt Ceiling Deal / Politics / US Politics

By: Danny_Schechter

Best Financial Markets Analysis ArticleOh, the gnashing of the teeth, Oh, the flamboyant tactics. Oh, all the breaking news excitement on cable news as the debt ceiling countdown saga went down to the wire with an intense political confrontation of a kind we haven’t seen before …

Or maybe we had---in the TARP debate and so-called Obamacare vote, to cite but two moments of high political drama. Once again, all the key players knew the outcome but wanted to keep us guessing because it served everyone’s interests.

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Politics

Saturday, July 30, 2011

While Washington Fiddled The U.S. Economy Burned! / Politics / US Debt

By: Sy_Harding

Best Financial Markets Analysis ArticleWhile media focus has been almost entirely on the short-term debt ceiling foolishness in Washington, not much attention has been paid to the more serious worsening of the six-month recessionary trend in the economy.

Yet that information and how you handle it will almost surely have more influence on your well-being going forward than Washington’s short-term political game-playing.

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Politics

Saturday, July 30, 2011

The Debt Ceiling Reality Show, Who Are The Extremists? / Politics / US Politics

By: James_Quinn

Diamond Rated - Best Financial Markets Analysis Article“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.” – Ron Paul

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Politics

Friday, July 29, 2011

USA AAA Credit Rating in Label Only / Politics / US Debt

By: Janet_Tavakoli

Best Financial Markets Analysis ArticleSovereigns that bailed out banks are saddled with much greater government debt than before the crisis. In the spring of 2007, the Fed and the U.K.'s FSA reported that the degree of leverage in the global financial system was less than at the time of Long Term Capital Management, but in reality it was much greater. Global regulators are now repeating their mistakes. The risks in the interconnected global banking system have moved to currency trading and currency derivatives (remember the contribution of knock-in options to the 1995 currency crisis), leveraged loans, credit derivatives, market-linked derivatives, speculation in commodities, and both foreign and domestic government debt. Winston Churchill said we must alert somnolent authority to novel dangers; but our regulators are complacent, and the dangers are not novel.

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Politics

Friday, July 29, 2011

Disastrous Outcomes From An Orchestrated U.S. Public Debt Crisis / Politics / US Debt

By: Paul_Craig_Roberts

With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public debt. The debt ceiling needed to be quietly raised. Instead, the Republicans started a fire and then threw gasoline on it, creating an inferno that could burn up the US social safety net or the US Treasury’s credit rating and the US dollar’s role as reserve currency or what remains of the separation of powers.

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Politics

Friday, July 29, 2011

Why Capitalism Is Worth Defending / Politics / Economic Theory

By: LewRockwell

Best Financial Markets Analysis ArticleAnthony Gregory writes: As Obama demonizes the wealthy and pitches a dozen plans to restructure the economy, opponents of this program need a reminder of what exactly we’re fighting for. We are resisting bureaucracy, central planning, and encroachments on our freedom and communities. Yet this does not get to the heart of the matter. We are not only an opposition movement, countering the president and his partisans’ agenda. More fundamentally, we stand in defense of the greatest engine of material prosperity in human history, the fount of civilization, peace, and modernity: Capitalism.

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Politics

Friday, July 29, 2011

Boehner Loses Credibility in Revised Budget Deficit Cuts Proposal, Tells Congress to "Get Your Ass in Line" / Politics / US Debt

By: Mike_Shedlock

Best Financial Markets Analysis ArticleIt was bad enough when Boehner proposed a $3 Trillion deficit cutting proposal that the CBO said would only cut the deficit by a mere $850 billion.

Please see Rating the Obama, Reid, and Boehner Deficit Reduction Plans on Mish's 10-Point Credibility Scale for details.

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