The Top Ten Financial Links Of The Day
Charlotte Observer – A Maryland tool manufacturer has told the state it is closing its Monroe plant, a move that will leave 129 people out of work.
Housing Kaboom – They still don’t get it!
Washington Times – President Obama‘s budget, released Monday, was conceived as a blueprint for future spending, but it also paints the bleakest picture yet of the current fiscal year, which is on track for a record federal deficit and will see the government’s overall debt surpass the size of the total U.S. economy **HT J.M. Heinrichs
Chicago Boys – Obama is betting that he can force the GOP to make their proposed cuts, which he can blame them for, which he can truthfully say he does not support. Then he can attack the Republicans for making the cuts. He will appeal to the people who are suffering from the cuts, and strip away GOP support. They will be angry and mobilized. **HT J.M. Heinrichs
Hot Air – Obama unveils surreal , catastrophic new budget **HT J.M. Heinrichs
National Review – President Obama’s 2012 budget, officially released less than an hour ago, cuts the deficit by $1.1 trillion over the next decade. Wow, great news, right? No, because Obama also increases the deficit by $1.7 trillion next year alone and sets spending-to-GDP ratio records like it’s his job. **HT J.M. Heinrichs
Business Insider - The total value of U.S. homes dropped another $798 billion last quarter, according to numbers out from Zillow. The average home is down 27 percent from peak. This puts the total loss from the housing crash at an incredible $9.8 trillion.
American Thinker – A tipping point is nearing
Yahoo – Bookseller Borders Group Inc (BGP.N) is reviewing bids from liquidators to close hundreds of stores as it works out the final details of its impending bankruptcy filing, according to people close to the talks.
SHTF Plan – Adding to already rising food prices due to monetary inflation and weather related supply problems around the globe, one of the world’s leading food distribution companies, Sysco Corporation, is advising clients and their customers that the recent freeze across North America has significantly impacted growing operations in Mexico (as well as parts of the U.S.) leading to 80% – 100% crop damage:
February 15th, 2011 at 11:36 pm
If you keep posting these great finds every day, I am dumping Zero Hedge, they have fallen into the abyss with the three new posters over there. One is cartoons, one is far-left, anti-US stuff, and the other is Middletong talking about how smart he is. Wonder if they sold the site or something?
Anyhoo, thanks Mayor, these links make my life easier by far. Government that works is a good thing.
February 16th, 2011 at 8:02 am
You’re more than welcome, PM.
The Zero Hedge I love is falling fast, agreed. Luckily there are 5 trillion other alternative sites that aren’t slathering, rabid anti-US sites on the webs.
The comment section of Zero Hedge rocks though, too bad for the content change.
February 16th, 2011 at 11:59 am
I signed up at Zero Hedge last week to comment and ask what the Hell they are doing. No response. Bastards.
February 16th, 2011 at 12:18 pm
The comment section is actually heading downwards. Typically it has been a great source of entertainment, but the last few weeks especially it’s been very anti-American and kinda useless.
I hope it hasn’t run its course.