CREDIT DOWNGRADE…The Ripple Effect & Who’s at Fault

By Craig Andresen

On Friday, August 5th 2011, for the first time in history, the United States credit rating was downgraded. This unprecedented event will have political ripples as well as consumer ripples. This IS a serious event and the current administration KNOWS it despite their actions.

Before we get to the dodge and weave being suggested by many pundits, in regard to how Obama should react to this news, we should look at what this means to the average American consumer.

If you have a mortgage, a car loan, or you’re thinking of such in the near future, expect to pay a higher interest rate. Those who have a locked in mortgage are safe in that regard but those with variable rate mortgages, will find their interest rates going up.

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Debt Deal…Roll the Dice or No Dice?

By Craig Andresen 8-1-11

The great debt deal announced Sunday evening may well be no deal at all. In fact, as Members of Congress pour through it, it may wind up as no dice.

There are many troubling elements of the “deal” which must be carefully considered before the vote can take place, possibly later today and Members from BOTH parties are starting to sound more and more negative regarding their individual votes.

Here are just SOME of the troubling issues:

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Urine Luck

While many of us persist to focus on the plankton–the incidental consequences–of issue after issue, we tend to ignore the provenance of waters which run deep. Okay, so maybe I’m not making much sense to you so far, but allow me a moment of your time to expound on a document I circulated a few weeks ago regarding the constitutionality of drug-testing welfare recipients. Although the points to counter my argument were compelling, sometimes poignant, it seems that a substantial amount of the counter-pointers live within ideologically fraught parameters. To a degree, the parameters encase a discombobulated “take” which may even, at times, include sub-parameters which cancel each other out. And yet, there they are, coexisting side-by-side with a crooked grin.

Okay, I’m still not making much sense. I understand…

So, I’ll just dive right in.

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Let’s Trade California

By Patty Ewing Robichaud, July 28, 2011

I was born and grew up in the Los Angeles area of Southern California for the most part. There was a time when I believed Los Angeles was the center of the civilized universe with its diversity of people, landscapes (mountains to beaches), laid-back attitude, and temperate weather. Sure, there was smog some days, and the temperature would soar into the 100s every October – but it was tolerable. I didn’t even mind when people said California was the Granola State, full of fruits, nuts, and flakes!

Employment opportunities abounded, aerospace was setting us apart from the rest of the world, entertainment and amusement was always accessible, and everyone had a car. No matter how far you drive in Los Angeles, it seems to take over an hour – whether it is 10 miles or 50 – but you accept that as the price of being mobile!

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