WELCOME TO OPINIONS BASED
ON FACTS (OBOF)
&
THINGS YOU MAY HAVE MISSED (TYMHM)
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Name
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Published
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OVERVIEW
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Dec. 28, 2010
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SOCIAL SECURITY PART 1
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Dec. 30, 2010
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SOCIAL SECURITY PART 2
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Jan. 10, 2011
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SOCIAL SECURITY PART 3
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Jan. 17, 2011
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SOCIAL SECURITY PART 4
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Jan. 24, 2011
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SOCIAL SECURITY PART 5
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Jan. 31, 2011
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SOCIAL SECURITY PART 6
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Feb. 07, 2011
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SOCIAL SECURITY PART 7
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Feb. 14, 2011
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SPECIAL ISSUE
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Feb. 18, 2011
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SOCIAL SECURITY PART 8
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Feb. 21, 2011
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SOCIAL SECURITY PART 9
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Mar. 01, 2011
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SOCIAL SECURITY PART 10
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Mar. 07, 2011
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SS & MORE PART 1
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Mar. 14, 2011
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SS & MORE PART 1A
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Mar. 21, 2011
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SS & MORE PART 2
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Mar. 25, 2011
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SS & MORE PART 3
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Mar. 29, 2011
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SS & MORE PART 4
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Apr. 04, 2011
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SS & MORE PART 5
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Apr. 11, 2011
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SS & MORE PART 6
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Apr. 18, 2011
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SS & MORE PART 7
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Apr. 25, 2011
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SS & MORE PART 7A
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Apr. 29, 2011
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SS & MORE PART 8
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May 02, 2011
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SS & MORE PART 9
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May 09, 2011
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SS & MORE PART 10
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May 16, 2011
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SS & MORE PART 11
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May 24, 2011
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SS & MORE PART
12
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Jun. 06, 2011
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SS & MORE PART 13
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Jun. 20, 2011
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SS & MORE PART 14
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July 05, 2011
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SS & MORE PART 14A
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July 18, 2011
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SS & MORE PART 15
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July 19, 2011
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SS & MORE PART 16
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Aug. 03, 2011
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SS & MORE PART 17
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Aug. 15, 2011
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SS & MORE PART 18
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Aug. 29, 2011
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SS & MORE PART 19
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Sept. 12, 2011
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SS & MORE PART 20
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Sept. 26, 2011
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SS & MORE PART 21
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Oct. 10, 2011
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SS & MORE PART 22
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Oct. 24, 2011
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SS & MORE PART 22 EXTRA
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Nov. 04, 2011
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SS & MORE PART
23
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Nov. 07, 2011
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SS & MORE PART
24
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Nov. 21, 2011
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SS & MORE PART
25
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Dec. 05, 2011
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SS & MORE PART
26
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Dec. 19, 2011
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SS & MORE PART
27
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JAN. 03, 2012
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SS & MORE PART
27A
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JAN. 05, 2012
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SS & MORE PART
28
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JAN. 17, 2012
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SS & MORE PART
29
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JAN. 31, 2012
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SS & MORE PART
30
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Feb.
14, 2012
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SS & MORE PART
CL1
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Feb.
21, 2012
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SS & MORE PART
30 EXTRA
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Feb.
23, 2012
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SS & MORE PART
31
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Feb.
28, 2012
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SS & MORE PART
CL2 - 59
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Mar.
06, 2012
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SS & MORE PART
31 EXTRA
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Mar.
07, 2012
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SS & MORE PART
32
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Mar.
13, 2012
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SS & MORE PART
CL3 - 1
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Mar.
20, 2012
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SS & MORE PART
32 EXTRA
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Mar.
24, 2012
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SS & MORE PART 33
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Apr.
10, 2012
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SS & MORE PART
CL 4 - 2
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Apr.
17, 2012
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SS & MORE PART
34
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Apr.
24, 2012
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SS & MORE PART
CL5 - 49
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May
01, 2012
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SS & MORE PART
35
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May
09, 2012
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SS & MORE PART
CL6 - 19
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May
15, 2012
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SS & MORE PART
35 EXTRA
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May
18, 2012
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.. SS & MORE PART 36
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May
22, 2012
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SS & MORE PART
36 EXTRA
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May
25, 2012
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SS & MORE PART
36
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EXTRA II
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June 01, 2012
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SS & MORE PART
37
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June 05. 2012
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SS & MORE PART
37 EXTRA
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June 07, 2012
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SS & MORE PART
38
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June 12, 2012
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SS & MORE PART
39
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June 19, 2012
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SS & MORE PART
40
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June 26, 2012
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SS & MORE PART
41
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July
03, 2012
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SS & MORE PART
42
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July
10, 2012
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SS & MORE PART
43
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July
17, 2012
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SS & MORE PART
44
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July
24,2012
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SS & MORE PART
45
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July
31, 2012
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SS & MORE PART
46
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Aug. 07, 2012
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SS & MORE PART
46 EXTRA
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Aug. 09, 2012
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SS & MORE PART
47
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Aug. 14, 2012
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SS & MORE PART
48
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Aug. 21, 2012
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SS & MORE PART
49
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Aug. 28, 2012
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SS & MORE PART
50
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Sept. 04. 2012
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SS & MORE PART
51
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Sept. 11. 2012
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OBOF & TYMHM
PART 1
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Sept. 20, 2012
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OBOF & TYMHM
PART 2
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Sept. 24,2012
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IN THIS
ISSUE
1.
Opening.
2.
GOOD, GOOD NEWS ON THE ECONOMY.
3.
Romney is writing us off.
4.
Parting thought.
~~~
"VOTE,
AN EDUCATED VOTE"
What is an educated vote? It is one that has been made with as much
knowledge, based on facts, not misinformation, that an individual can obtain.
~~~
When I wrote, in my posting of September 20, that
I would be sending you an important EXTRA on Sunday the 23, I had the greatest
intention of doing just that. Obviously,
I didn't get it done.
I am now putting it together, but I think in the
future I just can't set deadlines, because of my health. There are times I just
can't function good enough. I do want to
get this done as I plan, but as with each posting, "I'll talk with you
again if the good Lord is willing."
Sometime he just isn't willing, but he always comes through sooner or later.
~~~
SOME TANGIBLE
GOOD NEWS
&
THE ECONOMY.
By Floyd Bowman Publisher
"Opinions
Based On Facts" &
"Thing You May Have Missed."
Back on June 7, 2012, I wrote an article regarding the
simplification of economics, but not so simplified to accomplish. It would certainly be worth while to review
that posting now, which was, Posing 37 EXTRA.
However, rather than doing that, in it's entirety, let me
just point out, that creating demand for goods and services is the key to
turning the economy around. We presently
have no demand because the middle class has no money to purchase items other
than absolute necessities. Business has
plenty of money on hand to expand and hire, but with no demand they simply
can't do it.
Government is deep in dept and
running high annual deficits. We need to
reduce the National Debt and cut the deficit.
We are in between a rock and a hard place. However, there is one approach that really
seems to make good sense to me. And the GOOD NEWS is that the action by the Federal Reserve,
last Thursday, may be the one step that is required to make this happen.
It is called the
Barbell approach, by Peter Orszag, which means that you do two things
simultaneously. First, you provide
another stimulus. However, this time
make it big enough to work. The other
one did work to some degree, even quite successfully in many ways, but not
enough to turn things around. Second, at
the same time, pass a deficit reduction package that will have some real
meaning to it, BUT to be implemented after the recovery is in full swing.
I think that
almost all Economists would agree that the Government should stop spending in
good times and increase spending in bad times. That is exactly the way President F. D.
Roosevelt got the country out of the depression.
GOOD NEWS
ACTION BY THE
FEDERAL
RESERVE
While the action of
the Federal Reserve does not provide money to start any of all the
infrastructure repair that needs to be done, it does provide BILLIONS of
dollars into the economy that could start a movement towards a demand that
business needs to see to start expansion.
Critics will say that
this move will simply put the Nation deeper in debt. In my opinion, there is a set of
circumstances that have to be accepted, regarding the National Debt, if we are
going to move forward in our great USA
Accept the fact that
we are always going to have a Nation Debt. It is not possible to pay it off. What we can do is to
invest in the future of our country and when, not if, the rebound occurs we can
pay down on the Nation Debt so as to reduce the interest we pay. Our goal should be to have a National Debt
that is compatible to our GDP. What it
should be needs to be determined by economists with the full knowledge of what "compatible"
should be.
~~~
GOOD NEWS FROM THE FED.
The Fed announced a new open-ended mortgage bond-buying program. ”The Federal
Reserve on Thursday took a series of extraordinary actions to stimulate the
economy and reduce unemployment…For the first time, it made a definitive
promise that it would keep interest rates ultra-low even if the economy starts
to recover.
That sent a clear
signal that for years it will be cheap for consumers to borrow to buy homes and
cars or for businesses to get loans to expand. To reinforce the point, the Fed said it will
buy $40 billion per month in mortgage bonds in addition to $45 billion in
Treasury bonds through the end of the year, a process known as ‘quantitative
easing.’ After that, the Fed will reassess its actions, but it is likely to
continue buying tens of billions of dollars of mortgage bonds unless the
economy suddenly shows signs of a major rebound.”
Zachary
Goldfarb in The Washington Post.
Bernanke, the economy’s tough older friend. ”[T]he
other part of the plan, and this part is really important, is that Bernanke
just sent a signal to businesses and investors and the market and everyone else
that the Fed is going to use its powers in a big, unusual way to get the
economy moving…
Think of it this way.
The Federal Reserve is kind of like the economy's tough, older friend. If the economy is having problems with some
kids at school, and the tough, older friend seems distant, or uninterested,
then the economy's in trouble. But if
the tough, older friend makes it clear that he'll be there to back up the
economy, come what may, and even says that he's going to go have a talk with
some of these kids tomorrow, then the economy is going to be a lot more
confident walking to school from now on. And right now, what the economy needs, more
than anything, is confidence.”
Ezra
Klein in The Washington Post.
What the Fed is looking for: big gains in payrolls, big
drop in unemployment rate. ”The Federal Reserve,
frustrated by persistently high U.S.
Jon Hilsenrath and Kristina Peterson
The Wall Street Journal.
‘Here’s
what the economists said. ”Fed policy…These moves indicate the
accommodation switch has been "turned on" and the data have to tell
the committee when to stop. On the other
hand, boldness has been traded for more uncertainty, as the overall amount and
duration of Fed purchases will be dependent on evolving economic conditions.’…
So going forward, it
appears as though developments in the labor market will be the crucial
indicator as to whether QE continues and if it does, in what form. We're not sure what the economic effects of
this program will be — it should help growth and employment on the margin — but
of all the announcements the Fed could have made today, this is very nearly one
of the most accommodative that could have been reasonably expected.’”
Ben Casselman
in The Wall Street Journal.
~~~
ROMNEY SAYS HE IS WRITING
OFF 47% OF US. BUT THAT IS NOT THE WORST
PART.
You probably have heard and read much about this subject,
but I kind of doubt if you have heard all of what I am going to refer to and
the feelings it leaves me with, and possibly you.
I am quite sure that you are
familiar with the MSNBC show "The Last Word" with Lawrence
I am going to finish this section in a few
days.
~~~
You do what you have
to do, to be able to do, what you have to do.
Floyd Bowman
~~~
If, the good Lord is willing and the creek don't rise I'll
talk with you again later this week or at least by Oct. 2, 2012.
"GOD BLESS YOU ALL"
&
"GOD BLESS THE UNITED STATES OF AMERICA
Floyd
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