Help The Middle ClassNews and Information For The Heart Of America
THE RETURN TO YOUR LOCAL BANK MOVEMENT: The Hows & Whys You Should Move Your Money From Big Banks (msnbc.com)
Arianna Huffington made waves recently when she went on national television calling on consumers to dump their big banks and deposit all their money into local, community banks. Huffington’s site, HuffingtonPost.com, threw its weight behind a Web site designed to make breaking up with your bank a little easier — MoveYourMoney.info. It includes [...]
BACK TO THE TOWN HALLS: Obama Retools His Message For Ohio Town Hall Meeting (ABC News)
President Barack Obama tried to revive his battered agenda and rally despondent Democrats on Friday with a renewed emphasis on jobs. His visit to this struggling Rust Belt city capped a tough first-anniversary week for a presidency that suffered jolts at the hands of Massachusetts voters and the Supreme Court.
“I’m not going to win every [...]
Obama’s Populist Stance On Banks Has Many Skeptics (New York Times)
President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, including the big one: Would this really prevent another financial crisis?
The president’s proposals to place new limits on the size and activities of big banks rattled the stock [...]
WHAT MR. OBAMA FORGOT TO TELL YOU TODAY: Unemployment Rose In 43 States Last Month (AP)
1/22/10: Unemployment rates rose in 43 states last month, the government said Friday, painting a bleak picture of the job market and illustrating nationwide data released two weeks ago.
The rise in joblessness was a sharp change from November, when 36 states said their unemployment rates fell. Four states — South Carolina, Delaware, Florida and North [...]
The Hidden Costs Of The American Dream. Owning A Home May Now Not Make Sense (Yahoo! Finance)
The past few years have certainly challenged the idea that real estate prices only go in one direction. But the downside of the “American Dream” is even more pronounced, says James Altucher of Formula Capital.
Owning a home has “never been a great investment,” Altucher says, noting housing went up a dismal 0.4% annually vs. 8% [...]
Obama Says Massachusetts Loss Proves Dems Have Failed ‘Middle Class’ (Washington Post)
President Obama on Wednesday blamed the Democrat’s stunning loss of their filibuster-proof majority in the Senate on his administration’s failure to give voice to the economic frustrations of the middle class, a disconnect that White House aides vowed to quickly address as they continue to work to advance the president’s agenda.
Obama said the relentless pursuit [...]
Supreme Court Throws Out Campaign Spending Limits – Big Corporations Win! (Politico)
The Supreme Court on Thursday opened the floodgates for big-dollar interests to pour money into politics, a decision that could have a major influence on the 2010 midterm elections and President Barack Obama’s 2012 reelection campaign, writes POLITICO’s Ken Vogel.
“The long-awaited decision overruled a 1990 ruling by the court that allowed the government to bar [...]
MAN IN THE MIDDLE OPINION: The Voters of Massachusetts Got It Right
The election of Massachusetts Republican Scott Brown to the senate seat previously held by the late Senator Ted Kennedy, signals another seismic shift in the political agenda of our country. To paraphrase E. Everett, Scott Brown’s win “sounds his imperial clarion along the whole line of battle.” Brown’s victory united Republicans, Independents and disenfranchised Democrats [...]
Democrats Scramble To Save Health Care After GOP Scott Brown’s Victory (New York Times)
As Senate Democrats met on Wednesday to consider the fate of the Democratic health care overhaul now that Scott Brown’s decisive Senate victory in Massachusetts has cost them their razor-thin advantage, President Obama said that Congress should not try to pass the bill hurriedly before Mr. Brown takes his seat.
Republicans were demanding that the Democrats [...]
HAPPENING NOW 1/20: Strong New Earthquake Hits Haiti – 6.1, People Fleeing In Streets (Yahoo! News)
The most powerful aftershock yet struck Haiti on Wednesday, shaking more rubble from damaged buildings and sending screaming people running into the streets eight days after the country's capital was devastated by an apocalyptic quake.
The magnitude-6.1 temblor was the largest of more than 40 significant aftershocks that have followed the Jan. 12 quake. The extent [...]
