| About:Michael Danielson- Website
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- Michael Danielson is a freelance journalist, a '99er, and a stay-at-home-dad. He writes for news sites, pop culture blogs, and SEO companies. He is available for freelance work through FaceBook.
About:Michael Danielson- Website
- http://www.facebook.com/profile.php?id=1249162025
- Profile
- Michael Danielson is a freelance journalist, a '99er, and a stay-at-home-dad. He writes for news sites, pop culture blogs, and SEO companies. He is available for freelance work through FaceBook.
November 17th, 2010, Michael Danielson  There have always been people in our country who unhesitatingly support those in need, whether it’s a single mother that needs inexpensive daycare or six million people with no income and no assets who need the Tier 5 unemployment extension. There have also always been people who put their own well-being in front of that of others, whether they admit it outright and call it ‘social Darwinism’ or they disguise it by claiming that they’re thinking not of themselves but of the unknowable burdens their grandchildren might otherwise bear. → Read More November 16th, 2010, Michael Danielson  The unemployment benefits that some 10% of American families are depending on are set to expire on November 28th unless Congress passes an unemployment extension before then. While there have been lapses in the Emergency Unemployment Compensation (EUC) before — most famously in July, when a Republican filibuster delayed the extension across one of the Senate’s many breaks — this one is more threatening than any before. Wintertime looms, and so does the beginning of the 112th Congress, featuring a GOP-controlled House and a firmly-split Senate — which, given the Elephants’ attitude of late, may spell doom for any unemployment extension bills at all. → Read More November 14th, 2010, Michael Danielson  There is a lot of confusion around the blogosphere regarding the Tier 5 unemployment extension and the rally held in New York City yesterday. Several very incorrect numbers and assumptions are being bandied about without a lot of fact-checking going on. Let’s summarize the background information and then look at the story itself. * There are 14 million-ish people that count as ‘unemployed’ across America. These people are counted because they are currently filing for unemployment. * Of these, some 2 million will lose their unemployment benefits on November 28th unless the current Emergency Unemployment Compensation (EUC) is extended. → Read More November 11th, 2010, Michael Danielson  It seems like a foregone conclusion: there will never be a Tier 5 unemployment extension. The lame duck congress is too busy, the Republican-controlled House of Representatives will never pass a Tier 5 bill once they’re sworn in on the 3rd of January, and contrary to what many bloggers seem to believe, Obama cannot create Tier 5 via executive order…or can he? The Supreme Court ruled in Youngstown Sheet & Tube Co. v. Sawyer, 343 US 579 (1952) that Executive Order 10340 from President Harry S. Truman — which attempted to place all steel mills in the country under federal control — wasn’t valid because it attempted to make law, rather than clarify a law or act to further a law already put forth by Congress. → Read More November 10th, 2010, Michael Danielson  Review: In Part 1 and Part 2, we discussed the truth behind the Great Recession, the wealthy’s fight against the Tier 5 unemployment extension, and a nasty financial fantasy called a collateralized debt obligation, or CDO. We followed the CDO and the synthetic CDO through recent financial history right up to the moment of the bursting of the housing bubble in 2007. Now, it’s time to talk about how CDOs turned that bursting bubble into an economic disaster the likes of which most of us are too young to have seen before. (In large part, the information in this article is derived from the book The Looting of America by Les Leopold.) → Read More November 10th, 2010, Michael Danielson  In Part 1, we looked at the background behind the “collateralized debt obligation”, or CDO, and promised to connect the story back to the Tier 5 unemployment extension. Unfortunately, the matter is so complex that this isn’t the end of the tale — a third part will be necessary to bring everything around full circle. For now, let’s talk about how the CDOs got introduced to the public as perfectly safe and happy investments. (In large part, the information in this article is derived from the book The Looting of America by Les Leopold.) → Read More November 9th, 2010, Michael Danielson  The 99ers and other people in the ever-growing lower class have long suspected that the wealthy were in some way to blame for the Great Recession, and thought they ought to pay for the Tier 5 unemployment extension and other social safety nets as part of their coming clean with society. The proof, however, is hard to pin down. The Great Recession is a complex beast. With time and understanding however, comes a lot of insight. (In large part, the information in this article is derived from the book The Looting of America by Les Leopold.) → Read More November 8th, 2010, Michael Danielson  The gains the Republicans have made due to the special elections in Delaware, Illinois, and West Virginia, have broken the Democratic supermajority in the Senate — Republicans are already using their renewed filibustering ability to force negotiations on the unemployment extension the Democrats plan to try and push through in the lame duck session. According to the Associated Press, the GOP is demanding that the Democrats enact significant spending cuts before they’ll allow a vote on any unemployment extension bill. → Read More | Listen to Mike Colliss Interviews |
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