Comments With Dr. James Haney Presents*Economic Recession, 2008, with Dr. MParuchuri, a Professor of Business @Tennessee State University, Nashville, Tennessee, who talks about the economic recession of 2008, some of the the causes, and consequences, Part 1, I need your support to continue this site. Send me a donation at www.drjameshaney.com or mail me at james haney, PO Box 581, Mt. Juliet, Tn, 37121-0591. I appreciate any help you can give, drjhaney

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www.coachmewell.com Are we heading into a Depression, why continue to go up-strem? Recession Proof Jobs Countrywide Lehman Brothers Fannie Mae Freddie Mac See how millions of people (Real Estate Agents, Mortgage Broker and Stock Broker) are making money without sweating. This economy is…

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Coast-to-coast double-digit college tuition hikes www.msnbc.msn.com Groups Advocate 4 Percent Food Tax www.kpho.com Scientists say crack HIV/AIDS puzzle for drugs www.reuters.com Top uniformed officer: Gay ban should be lifted apnews.myway.com Ex-POW in Iraq war recalls nightmares, depression news.yahoo.com Obama seeks money for nuclear weapons work news.yahoo.com Largest-ever federal payroll to hit 2.15 million washingtontimes.com 824000 jobs will disappear on February 5th www.bloomberg.com Movie Gallery files bankruptcy, to shut 805 stores www.reuters.com

new BWS.

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With the current economic downturn, over seven million people have lost their jobs. Now there’s talk of a possible double-dip recession. What a nightmare! The Great Recession has taught us many lessons, the most important of which is the value of a recession proof income. But where do we find a recession proof income? Does it exist? The answer is, yes. Simply find a commodity that everyone wants and needs, each and every month, when times are good and when times are bad. How about electricity? Even in a recession, people use electricity. In fact, in the Great Depression, people continued to use energy. So, how can you benefit and get your slice of this 0 billion industry? Ambit Energy. Why not become an Ambit Energy consultant? Do the work once and can get paid time and again, year in and year out, on the same customer. This is one of the best residual income streams imaginable. Have you had your light bulb moment yet? Start your Ambit Energy business today. In less than five minutes you can be selling Ambit electricity to your own customers, and reaping the benefits of a recession proof income for years to come. Join Ambit Energy today! It’s your gateway to a guaranteed recession proof income. Go to www.awesome.energy526.com to find out more about the Ambit opportunity. !

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OBAMA’S WORST JOBS-KILLER

By DICK MORRIS & EILEEN MCGANN

Published in the New York Post on April 1, 2009

More than anything else, business needs a predictable environment if it is to create jobs. Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.

Yet President Obama seems to ignore this reality. Each day’s news brings another bold and far-reaching proposal to change the fundamentals of the US economy. And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.

Most incredible was the fact that he chose the middle of a deep recession to announce a major tax-code overhaul.

Stressing how far-reaching the changes might be, he appointed a commission headed by former Federal Reserve Chairman Paul Volcker to report back by early December on what the changes should be.

Assuming Obama will need several months to figure out which of its recommendations to adopt and Congress will take several more months to enact its own version, the announcement effectively leaves business up in the air for at least 12 more months — uncertain of the tax consequences of any potential investment.

Who in their right mind is going to invest significantly in new plant, equipment, services, personnel or anything else? How can you consider doing so, when you can’t know how the tax code might penalize you?

And, in the same week, Obama announced that he’d seek to regulate nonbank institutions, including those he deems to be "too big to fail" lest their collapse injure the economy. Which businesses will be included? Nobody knows.

We may not know even when the law is passed. As companies grow or merge or acquire one another, they may step over the invisible line and become "too big," and thus subject to Obama’s regulation.

How can a firm plan on expansion without knowing what increment in its size will attract regulatory scrutiny? It’s hard enough to anticipate possible anti-trust complications — and the Justice Department is at least usually willing to consult before any merger on what its attitude will be. Obama’s leaving everybody guessing.

Growth demands investment, and investment demands stability. So the more Obama stirs the pot with his proposals and potential changes, the more he retards exactly the investment he needs to get the economy moving again.

At least Obama has toned down his rhetoric, no longer echoing JFK’s comment that "all businessmen are SOBs." But his actions do more than his words ever did to hobble any recovery.

So why insist on pushing these "reforms" now? Because, while it might be wiser to wait until after the economy’s out of recession, it may then become politically impossible to get them through Congress.

So he’s determined to use the sense of panic to enact his changes now.

Again, he’s putting his ideological agenda ahead of the requisites of national economic recovery. We needed a pragmatic pilot; we elected an ideologue instead.

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Why do Liberals keep saying we are?
Does a recession help their agenda? Does that justify lying?

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OBAMA’S WORST JOBS-KILLER

By DICK MORRIS & EILEEN MCGANN

Published in the New York Post on April 1, 2009

More than anything else, business needs a predictable environment if it is to create jobs. Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.

Yet President Obama seems to ignore this reality. Each day’s news brings another bold and far-reaching proposal to change the fundamentals of the US economy. And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.

Most incredible was the fact that he chose the middle of a deep recession to announce a major tax-code overhaul.

Stressing how far-reaching the changes might be, he appointed a commission headed by former Federal Reserve Chairman Paul Volcker to report back by early December on what the changes should be.

Assuming Obama will need several months to figure out which of its recommendations to adopt and Congress will take several more months to enact its own version, the announcement effectively leaves business up in the air for at least 12 more months — uncertain of the tax consequences of any potential investment.

Who in their right mind is going to invest significantly in new plant, equipment, services, personnel or anything else? How can you consider doing so, when you can’t know how the tax code might penalize you?

And, in the same week, Obama announced that he’d seek to regulate nonbank institutions, including those he deems to be "too big to fail" lest their collapse injure the economy. Which businesses will be included? Nobody knows.

We may not know even when the law is passed. As companies grow or merge or acquire one another, they may step over the invisible line and become "too big," and thus subject to Obama’s regulation.

How can a firm plan on expansion without knowing what increment in its size will attract regulatory scrutiny? It’s hard enough to anticipate possible anti-trust complications — and the Justice Department is at least usually willing to consult before any merger on what its attitude will be. Obama’s leaving everybody guessing.

Growth demands investment, and investment demands stability. So the more Obama stirs the pot with his proposals and potential changes, the more he retards exactly the investment he needs to get the economy moving again.

At least Obama has toned down his rhetoric, no longer echoing JFK’s comment that "all businessmen are SOBs." But his actions do more than his words ever did to hobble any recovery.

So why insist on pushing these "reforms" now? Because, while it might be wiser to wait until after the economy’s out of recession, it may then become politically impossible to get them through Congress.

So he’s determined to use the sense of panic to enact his changes now.

Again, he’s putting his ideological agenda ahead of the requisites of national economic recovery. We needed a pragmatic pilot; we elected an ideologue instead.

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In 2004 he promised to cut the deficit in half over 5 years. He achieved this goal 3 years ahead of schedule. Lower now than 18 of the past 25 years. These are actual numbers, not estimates, and come from the numbers ending Feb 30 2006.
President Bush has reduced down the deficit to just 1.9% of the economy. These budget numbers are proof that pro growth economic policies work by allowing people to keep more of what they earn creating jobs and reducing the deficit.
He believes that the people know best how to spend and invest their own money when allowed to keep it. After 37 months of continuous economic growth he believes that "by cutting taxes we encourage small businesses and investment and consumption by reducing taxes." This,"will cause the economy to recover from a recession, terrorist attack, corporate scandal, war, and hurricanes and it has."

What do you think?

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(.7 trillion) US Taxpayers Risk .7 Trillion on Bailouts as Senate Votes -enough to pay off 90% of America’s mortages -30 check to every citizen -in the last two years, The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have spent or lent out trillion -going to spend another .7 trillion www.bloomberg.com KV Pharma to cut 700 jobs -As of Mar. 31, 2008, it employed 1590 employees www.reuters.com Whirlpool Quarterly Profit Falls 76% -Quarterly sales fell 19 percent www.cnbc.com McDonald’s Same-Store Sales Up 7.1% in January -not a surprise, people are on a budget www.cnbc.com Nissan to Cut 20000 Jobs as Carmaker Forecasts Loss -Japans third- largest automaker -net loss of 265 billion for fiscal year ending on March 31 www.bloomberg.com GM, Chrysler May Be Put Into Bankruptcy to Protect US Loans -Citigroup Inc., JPMorgan Chase & Co. and Goldman are top pripority creditors (They’ll get their money first) -Federal gov. is trying to move to the top of the list -may force GM and Chrysler into bankruptcy to get what they want. www.bloomberg.com Recession limits Americans’ ability to find work by moving -people can’t sell their homes -people can’t find jobs in other states *difficult for me to leave Michigan www.usatoday.com Swiss banks to announce massive losses: report Two of Switzerland’s largest banks, UBS and Credit Suisse will anounce that combined losses for 2008 will be 29 billion Swiss francs www.breitbart.com

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