Right Wing Finance

Don’t take my opinion for it, those are the words of John Mauldin, president of Millennium Wave Securities.

Maudlin says that the economic recovery we are currently experiencing is a statistical mirage. He says it’s based on earnings being compared with last year’s abysmal figures – Compared with those numbers, how can companies not look to be improving?

But it’s a false comparison. Those aren’t real gains, simply smaller losses.

“The Obama administration [and] the Democrats aren’t going to be able to help themselves,” he says. “The deficits are going to be running so high they’ll feel – politically — the need to do something. The way they want to solve it — instead of cutting spending is to increase the revenue. That’s going to suck a lot of air out of the room.”

• Biden Admits Administration 'Guessed Wrong' on Unemployment. "Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness. " To be clear about this, since the Vice President won't be, not everyone guessed wrong - everyone in the administration......
• Obama Administration Rushes to Spend Stimulus Before Economic Rebound takes Place Without it! "Employers cut 345,000 jobs in May, the smallest loss since September." -CNN Such slowing in the rate of growth in unemployment has led some to conclude that the economy is nearing a bottom, if not beginning an all out rebound! "Federal Reserve Chairman Ben Bernanke said this week the recession......
• The Federal Deficit From 2000-2009 (image) Much has been made of Obama's ballooning federal deficits, but to be fair it isn't just Obama. The President sets the direction, but Congress controls the money. Also, George W. Bush had some deficit spending of his own, to be sure. But check out this graphic from the usgovernmentspending.com: This......

• Managed Backup Service Providers Pick Up Where Tape Backup Leaves Off President John F. Kennedy once said about planning that, "The time to repair the roof is when the sun is shining."Businesses small and large can take a cue from that...
• First Time Homebuyer Tax Credit of $8,000 in 2009 Economic Stimulus Package Stimulus Package Good For First Time Homebuyers The 2009 Economic Stimulus Package passed and was signed into law earlier this week.   On Wednesday I posted about what parts of the...
• Troubled Homeowners Can't Be Bothered with Helping Themselves In February, the Obama administration announced its $75 billion dollar plan to rescue 4 million homeowners (and I use that term loosely) from probable foreclosure. The concept was that these...