American Morning
Fast Forward
The stories that will be making news later today:
More and more Americans are filing for unemployment. Today at 8:30 am eastern the Labor Department releases its report of weekly jobless claims. We'll have those numbers for you as soon as that report comes out.
All day long we'll be watching the severe storms affecting most of the United States. In Fargo North Dakota officials are planning for possible flooding evacuations. While blizzard conditions are expected in the Rockies. Meanwhile the southern states are on watch for extreme thunderstorms.
Later today, IBM is expected to announce it plans to lay off about five-thousand employees. These cuts make up about four-percent of IBM's work force based in the United States. This comes after IBM's January layoffs when the company cut thousands of its workers.
At 10 am eastern Treasury Secretary Timothy Geithner heads back to Capitol Hill. He's expected to outline the administration's plans for preventing future financial collapse.
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Simple fix to economy.
Eliminate the "income" tax. Let the gov't get their money from a "national sales" tax.
We keep all the money we earn, save, invest.
We have more to spend. When we buy, manufacturers need to produce more. They hire. More people earn money to spend.
The income tax is a punishment for working!
There are many ideas out here in the real world about fixing our economy. Many variations of give us the people the money watch us set our economy right. One surfaced recently in the St. Pete Times. Give the 40 million people over 50 one million dollars with 3 strings attached. Retire (millions of job openings), buy a new American made car (auto industry fixed), pay off mortgage or buy new home (housing crises fixed). Plus all that money back in the retail. Why the over 50, they are the ones who have lost the most and with least amount of time to recover for retirement. So simple that the Washington elite can not see what is in front of their face. We would not need watchdogs. Even though it was promised to fix the economy from the bottom up we will never see it. Too much of Washington elite is in the back pockets of the top. Trickle down just does not work. Angry you betcha. I will exercise my right to enforce term limits next election.
SHAME ON I.B.M !!! It is irresponsible for an American company to take our jobs and ship them to INDIA. Our government has to impose a tax on these money gurbing fools. Where is this companies loyalty to the United States? Is their board of directors really such SLUGS? IF YOU OWN IBM STOCK SELL IT. PUT THESE CLOWNS INN THEIR PLACE WHERE IT WILL HURT THE MOST.
The government should reward Ford for refusing bailout money, help working American families save money on gas, and reduce our dependency on foreign oil.
How?
Instead of giving 3 trillion dollars of our money to companies who make wrong decisions, the government should buy 25 million Ford Hybrid Fusions and give them to working American families.
Ford would have to hire to produce these cars.
Working families would save money on gas.
Th US would need less oil from foreign countries.
Legalize drugs to end the drug wars.
We don't have "cigarette" wars!
We don't have "alcohol" wars. (we did when it was illegal)
Why is marijuana illegal, when cigarettes, alcohol and gambling are legal?
With the United States in dire economic straights. Has that slowed down illegal immigration? Are there any statistics for this? Are there some of "those jobs" now that Americans wish they had back?
Announcers and Anchors consistently refer to President Obama as Mr Obama, why is that?
Morning, i'm Bosnian citizen and live in Utica NY 10 years. I just cant believe what i see and hear this days about President Obama. Some politicians wants him to fail (R).. wow. come on guys.. You want to him to fix something in first 100 days of his presidency from someone who destroyed economy last 8 years and brought us to this situation.. Impossible..give Mr Obama some time and shut up.
When John Roberts was discussing President Obama's Town Hall Meeting this mornng he said "the marijuana lobby is on board or something to that effect". I don't appreciate his remarks. I happen to be a 74 year old senior who is very interested in politics and the computer age. Just because we want to have a chat with Obama on the computer doesn't mean we are smoking something. I tuned out Joe Scarborough because he was talking stupid. An now I will tune out your John Roberts. He is definitely a Republican!!!