ECONOMICS

Where are the jobs? In Health Care

By Andre Michael Eggelletion  Millions of Americans have lost their jobs since the economy began its severe contraction in 2008. Millions more people are under-employed and finding it increasingly difficult to put food on the table. But one industry holds tremendous opportunity in an otherwise dismal job market: health care, or as Republicans like to…

Michele Bachmann promises $2 gas

  By Andre Michael Eggelletion Tea Party/Republican presidential hopeful Michele Bachmann (R-MN) promised voters that they would pay only $2 per gallon for gasoline if she is President. In remarks on a campaign stop in South Carolina Bachmann said "Under President Bachmann you will see gasoline come down below $2 a gallon again… That will…

The Downgrade of America’s AAA Credit Rating and its Meanings

  Standard and Poor’s unheeded warnings in Washington has led to an historic downgrade in America’s credit rating. Was this a result of congressional incompetence or intent?   By Andre Michael Eggelletion   The historic August 5, 2011 downgrade of America’s AAA credit rating by Standard and Poor’s has confirmed the trouble that many have…

President Obama didn’t Cause our Economic Collapse or Make it worse

  By Andre Michael Eggelletion Don’t Blame the President The Republicans want President Obama and the democrats to stop saying the deficit and the collapse of the American economy was inherited. The fact is that these conditions were inherited after being built up in the system for decades. When the United States and the global…

Municipal Bond Downgrade Looms

  By Andre Michael Eggelletion Moody’s assessment As a part of its current review of America’s credit rating, one of the three largest credit rating agencies in the U.S., Moody’s has said at least 7,000 top-rated municipal credits would have their ratings cut if the U.S. government’s AAA credit rating is downgraded. That means $130…

What Happens if We Fail to Raise the Debt Ceiling?

  By Andre Michael Eggelletion         Here is some of what would happen if the Republicans in Washington refuse to allow the debt ceiling to be raised and forces the United States to default on its sovereign debt:   (1)      The United States would lose its triple AAA credit rating, thereby causing…

The Politics of Fiscal Responsibility and the Debt Ceiling Debate

  By Andre Michael Eggelletion   Economic brinksmanship over the debt ceiling   As the debate over raising the debt ceiling or allowing the United States to go into sovereign debt default reaches the boiling point, I have to ask why didn’t Republicans sound the alarm on the deficit and debt years ago when it…

S&P Issues Dire Warning on US Debt, and its meaning

  By Andre Michael Eggelletion The guardian of the world’s reserve currency, the United States of America was issued a dire warning by the S&P on Monday about its status as the greatest debtor nation on earth. This sobering shot across the bow came in the form of an historic first time negative outlook on…

Will the Federal Reserve End Quantitative Easing?

  By Andre Michael Eggelletion The Fed has been as quiet as a church mouse about extending its $600 billion second round of quantitative easing (QE2) beyond its scheduled end at the bottom of the second quarter. Washington should take notice: the longer the Fed stays silent, and does not clearly signal an assurance otherwise…