Help The Middle ClassNews and Information For The Heart Of America
Obama’s Big Sellout: His Economic Team Is Packed With Wall Street Insiders (Rolling Stone)
Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that [...]
Survival Kit: How to Sell Almost Anything On Amazon and EBay (New York Times)
The online marketplaces eBay and Amazon once seemed like surefire places to make extra money or to build an online retail business. It’s not quite so simple anymore.
The sites are crowded with sellers, and new third-party marketplaces are cropping up all of the time. And the rules change frequently. EBay angered many longtime sellers in [...]
Small Businesses Could Face New Credit Squeeze (Wall Street Journal)
Business owners could face a new credit squeeze as early as next month, in what amounts to a gap period between the expiration of two popular stimulus provisions and the ramp-up of President Barack Obama’s plan to boost loans for small companies.
To be sure, the stimulus provisions – which lured hundreds of banks back to [...]
Financial Mistakes That Could Haunt You Forever (Investopedia / Yahoo! Finance)
After the sudden drop in the Dow this time last year, many investors were left to wonder what else could happen to deflate their savings and investment portfolios. We came up with a list of some of the scariest — and potentially most costly — financial mistakes you could make. Take steps now to ensure [...]
Congress Expands Home-Buyer Tax Credit, Extends Jobless Benefits (USA TODAY)
Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.
The House passed the bill on a 403-12 vote Thursday, a day after the Senate ended a month-long stalemate with a [...]
Bernie Sanders (D-Vermont): The Middle Class Today Is In Desperate Shape (VIDEO)
Sen. Bernie Sanders (D-Vermont) was on fire in his weekly YouTube video, “Senator Sanders Unfiltered.”
“The reality is that the middle class today in this country is in desperate shape and the gap between the very very wealthy and everyone else is going to grow wider,” he begins. Sanders goes on to detail why he gets [...]
6 Easy Steps To Retiring With $1 Million
Let’s face it; we all don’t make millions of dollars a year, and the odds are that most of us won’t receive a large windfall inheritance either. However, that doesn’t mean that we can’t build sizeable wealth – it’ll just take some time. If you’re young, time is on your side and retiring a millionaire [...]
College Savings: How To Protect Yourself
College savers — like all investors — suffered big losses during the historic market downturn of 2008.
In the fourth quarter of 2007, state-sponsored 529 savings plans held slightly less than $130 billion in assets in 10.6 million accounts, according to figures from the College Savings Plan Network. By the fourth quarter of 2008, they held [...]
4 Dumb Financial Moves In The Recession
You can almost hear the collective slaps to the head.
This recession has brought to light dumb money management practices, forcing just about all of us to confront our financial foibles.
Maybe, for instance, you’re one of the ones who panicked and sold during the market bottom. Or, you believed housing prices were guaranteed to rise.
The federal [...]
AP Poll: 80% of Americans Rate The Economy As Poor
One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK poll.
Even more — 80 percent — rate the condition of the economy as poor and a majority worry about [...]
