Tuesday, July 12, 2011

Economy Report: July 12, 2011

American Sauce: Maybe the economy's not so bad?
More people are seeing progress in the U.S. private sector (70% U.S. GDP).

The GOP's hardliner: How Eric Cantor thwarted the Obama-Boehner debt deal
Big time liberal progressive spin.

Pakistan's ex-president criticizes loss of US aid
About time.

Afghan president's brother assassinated
Need to put pressure on corrupt governments to change.

Iran offers IAEA cooperation, but sets condition
Delay, Delay, Delay.

Envoys say Gadhafi ready to go, says French FM
I will believe it when I see it.

European markets shaken by fears for Italy, Spain
Euro in trouble. Dollar goes up.

Oil imports drove May trade deficit to $50.2B
More debt because we have to rely on foreign oil. We need to drill more in the U.S.

USDA: Corn supplies jump, easing shortage worries
Stop ethanol farm subsidies. They are causing a world food shortage and it takes 1 gallon of oil to make 1 gallon of ethanol (Joke).

Central bank says China's debt `controllable'
Spin, there debt is worse than the U.S. debt.

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