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Posts in category "Economy"

Hey, GOP: Don't screw up the economic recovery.

The good news: Americans have started borrowing again. The bad news: Americans have started borrowing again. Actually, it’s big news, whether good or bad, because it represents a major change in consumer behavior since the economy began tanking in 2008. It means that for whatever reason, borrowers have enough confidence to once again go into... Read more »
By Dennis Byrne,
March 13, 2012 at 10:13 am
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Here we go again: 'Bonds Backed by Mortgages Regain Allur'

Amazing. Does it signal that the real estate market is bottoming out? Here are some interesting observations found in the New York Times:  Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart. Having reaped big gains during both of those turns, Greg Lippmann, a former star trader... Read more »
By Dennis Byrne,
February 20, 2012 at 8:27 am
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Obama knifes Keystone Pipeline, jobs and economic growth

But Boehner says the fight isn’t over. I hope not, but the only recourse is a new president... Read more »
By Dennis Byrne,
January 18, 2012 at 4:22 pm
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Fitch warns of U.S. downgrade if no budget deal in 2013

Why so long from now? Give the pols another year and they’ll take it. The giant flushing sound is the American economy
By Dennis Byrne,
November 28, 2011 at 4:39 pm
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Damn the rich.

“Should the rich be condemned?” asked this commentator for the American Civil Rights Union. It’s worth a read. Thomas Edison invented the incandescent bulb, the phonograph, the DC motor and other items in everyday use and became wealthy by doing so. Thomas Watson founded IBM and became rich through his company’s contribution to the computation... Read more »
By Dennis Byrne,
November 25, 2011 at 10:53 am
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Senators move to stop ObamaCare tax

Most attention in the ObamaCare fight has focused on the courts especially the Supreme Court’s decision to weigh the constitutionality of the requirement that every American buy or have health insurance. But let’s not forget some of the other onerous provisions of the law that don’t require a court override. Congress can always repeal parts... Read more »
By Dennis Byrne,
November 17, 2011 at 11:07 am
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5 lessons from Mom that Occupy protestors need to learn

Leave it to moms to talk sense to Occupy Wall Street  protestors. Columnist Marybeth Hicks suggests that they leave their fantasyland and go “occupy reality.”... Read more »
By Dennis Byrne,
November 17, 2011 at 9:56 am
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Eric Zorn and I hash it out over the GOP presidential field

This is one of my occasional debates with Chicago Tribune colleague and commentator Eric Zorn. It appeared today in the Tribune commentary section and in Eric’s blog, The Rhubarb Patch, where comments also can be posted.  To Dennis, from Eric: What does it tell you that, even though the economy is apparently stuck in the doldrums... Read more »
By Dennis Byrne,
November 9, 2011 at 10:26 am
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Sleazebag Michael Moore condemns corporate greed while feeding at the public trough to make millions

Is Michael Moore dishonest, hypocritical or just stupid? This video suggests all three. Hat tip to Newsalert... Read more »
By Dennis Byrne,
November 7, 2011 at 11:02 am
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Why a $4 trillion deficit reduction would be easier than $1.2 trillion

The idea is certainly counterintuitive, but it’s a serious proposal from the Committee for a Responsible Federal Budget. This is the group’s explanation: … a Go Big approach [$4 trillion] is not just what is needed to get control of the debt from a policy perspective, a comprehensive approach can also improve the chances of... Read more »
By Dennis Byrne,
November 6, 2011 at 8:27 am
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