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	<title>Smoke, Mirrors and Reality... &#187; financial crisis</title>
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	<description>Opinions and stories on events as they happen in the News!</description>
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		<title>Treasury and Fed Wrecking Economy</title>
		<link>http://www.realitymirror.net/index.php/2008/12/03/treasury-and-fed-wrecking-economy/</link>
		<comments>http://www.realitymirror.net/index.php/2008/12/03/treasury-and-fed-wrecking-economy/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 17:14:37 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.realitymirror.net/?p=1134</guid>
		<description><![CDATA[John Stossel&#8217;s article Government Sets Us Up for the Next Bust outlines how the inflationary policies of the Treasury and Federal Reserve are interfering with the proper functioning of a free market economy. The government bailouts are impediments to recovery, because they enable failing financial companies to prolong their failures, rather than restructure into stronger [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Protected: redistribution stimulus bill II</title>
		<link>http://www.realitymirror.net/index.php/2008/11/23/redistribution-bill-ii/</link>
		<comments>http://www.realitymirror.net/index.php/2008/11/23/redistribution-bill-ii/#comments</comments>
		<pubDate>Sun, 23 Nov 2008 17:37:21 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.realitymirror.net/?p=1118</guid>
		<description><![CDATA[There is no excerpt because this is a protected post.]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>bailout is working, but for whom?</title>
		<link>http://www.realitymirror.net/index.php/2008/11/18/bailout-is-working-but-for-whom/</link>
		<comments>http://www.realitymirror.net/index.php/2008/11/18/bailout-is-working-but-for-whom/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 16:03:06 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.realitymirror.net/?p=1104</guid>
		<description><![CDATA[Henry Paulson and Ben Bernanke are defending their administration of the bailout, despite mounting criticism. The question is, who is this bailout working for? Ask yourself: has the bailout, which you are paying for, been working for you?]]></description>
		<wfw:commentRss>http://www.realitymirror.net/index.php/2008/11/18/bailout-is-working-but-for-whom/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Paulson bait and switch</title>
		<link>http://www.realitymirror.net/index.php/2008/11/12/paulson-bait-and-switch/</link>
		<comments>http://www.realitymirror.net/index.php/2008/11/12/paulson-bait-and-switch/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 22:22:38 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.realitymirror.net/?p=1090</guid>
		<description><![CDATA[Treasury Secretary Henry Paulson is abandoning his plan for using the $700 billion bailout fund to buy up bad mortgage debt. The entire justification for authorizing the bailout is being replaced at Paulson&#8217;s whim. The nation has once again been duped. Updated 11/13/2008: Three GOP Senators have sent Treasury Secretary Hank Paulson a &#8220;joint letter [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>automobile industry bailout</title>
		<link>http://www.realitymirror.net/index.php/2008/11/12/automobile-industry-bailout/</link>
		<comments>http://www.realitymirror.net/index.php/2008/11/12/automobile-industry-bailout/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 21:57:22 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.realitymirror.net/?p=1088</guid>
		<description><![CDATA[Bloomberg reports that Barney Frank is proposing that GM, Ford, and Chrysler receive $25 billion in loans. Further legislation would be needed to authorize additional funds from the $700 billion financial bailout to also be used for this purpose. Fortunately, the top Republican on the Banking Committee, Senator Richard Shelby of Alabama, opposes aid to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>automotive bailout</title>
		<link>http://www.realitymirror.net/index.php/2008/11/07/automotive-bailout/</link>
		<comments>http://www.realitymirror.net/index.php/2008/11/07/automotive-bailout/#comments</comments>
		<pubDate>Fri, 07 Nov 2008 23:10:00 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.realitymirror.net/?p=1073</guid>
		<description><![CDATA[Due to the difficult economic times and slumping automobile sales, General Motors, Ford, and Chrysler are asking for federal aid (read: bailout). A U.S. rescue package for GM, Ford and Chrysler is likely before President George W. Bush leaves office in January, said Dennis Virag, president of Automotive Consulting Group in Ann Arbor. The federal [...]]]></description>
		<wfw:commentRss>http://www.realitymirror.net/index.php/2008/11/07/automotive-bailout/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Culprits behind the financial crisis</title>
		<link>http://www.realitymirror.net/index.php/2008/10/15/culprits-behind-the-financial-crisis/</link>
		<comments>http://www.realitymirror.net/index.php/2008/10/15/culprits-behind-the-financial-crisis/#comments</comments>
		<pubDate>Wed, 15 Oct 2008 16:40:16 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.jacquelinecady.com/?p=750</guid>
		<description><![CDATA[This Cato Institute article, Who Are the Villains of the Mortgage Mess? by Daniel J. Mitchell, was published in the LA Times. It is a good summary of the reasons behind the current crisis and who is to blame. Problem No. 1 &#8212; easy-money policy from the Federal Reserve. Blame the Federal Reserve and every [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Economic Stimulus (Redistribution) II</title>
		<link>http://www.realitymirror.net/index.php/2008/10/12/economic-stimulus-redistribution-ii/</link>
		<comments>http://www.realitymirror.net/index.php/2008/10/12/economic-stimulus-redistribution-ii/#comments</comments>
		<pubDate>Sun, 12 Oct 2008 20:04:52 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.jacquelinecady.com/?p=743</guid>
		<description><![CDATA[Democrats are calling for another economic stimulus package. If this is anything like the first package, it will be another massive income redistribution package paid for by high earners and benefiting lower earners. High earners received nothing based on the Economic Stimulus Payment Calculator.]]></description>
		<wfw:commentRss>http://www.realitymirror.net/index.php/2008/10/12/economic-stimulus-redistribution-ii/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Bill Clinton on the financial crisis</title>
		<link>http://www.realitymirror.net/index.php/2008/10/06/bill-clinton-on-the-financial-crisis/</link>
		<comments>http://www.realitymirror.net/index.php/2008/10/06/bill-clinton-on-the-financial-crisis/#comments</comments>
		<pubDate>Tue, 07 Oct 2008 01:58:45 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Bill Clinton]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.jacquelinecady.com/?p=704</guid>
		<description><![CDATA[Here is Bill Clinton weighing in on the Democrats&#8217; role in causing the financial crisis.]]></description>
		<wfw:commentRss>http://www.realitymirror.net/index.php/2008/10/06/bill-clinton-on-the-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Whose greed is to blame?</title>
		<link>http://www.realitymirror.net/index.php/2008/10/05/whose-greed-is-to-blame/</link>
		<comments>http://www.realitymirror.net/index.php/2008/10/05/whose-greed-is-to-blame/#comments</comments>
		<pubDate>Sun, 05 Oct 2008 17:45:35 +0000</pubDate>
		<dc:creator>Ben</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.jacquelinecady.com/?p=690</guid>
		<description><![CDATA[Richard W. Rahn wrote an article in The Washington Time titled Lies or Ignorance? exploring who is to blame for the financial meltdown. Here are some highlights: During the Carter administration, the Democratic Congress passed the Community Reinvestment Act (CRA), which gave federal regulators the power to pressure banks into issuing loans to high-risk households [...]]]></description>
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		<slash:comments>0</slash:comments>
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