9 août 2009

Owned Canada Économie En Vidéos États-Unis

L’an dernier, Paul « le rouge » Krugman, a participé à un débat sur l’implantation d’un système de santé universel aux États-Unis. Disons que les choses ne se sont pas déroulées comme prévu…

Selon Krugman, les Américains qui s’opposent à la mise en place d’un régime de santé public aux États-Unis sont racistes. Qui sait, selon la logique Krugmanienne, peut-être que les Canadiens sont insatisfaits de leur système de santé parce qu’ils sont eux aussi des racistes…

9 août 2009

La réalité dépasse la fiction Économie En Citations États-Unis Philosophie

En 1957, Robert A. Heinlein, un écrivain libertarien, a imaginé un gouvernement américain qui serait stupide au point de payer les gens pour envoyer leurs voitures à la casse… La science-fiction d'Heinlein est devenue réalité avec Barack Obama:

HeinleinThe job I found was crushing new ground limousines so that they could be shipped back to Pittsburgh as scrap. Cadillacs, Chryslers, Eisenhowers, Lincolns – all sort of great big, new powerful turbobuggies without a kilometer on their clocks. Drive'em between the jaws, then crunch! smash! crash! – scrap iron for blast furnaces.

It hurt me at first since I was riding the ways to work and didn't own so much as a Grav-Jumper. I expressed my opinion of it almost lost my job….until the shift boss remembered I was a Sleeper and really didn't understand.

"It's a simple matter of economics, son. These are surplus cars the government has accepted as security against price-support loans. They're two years old now and then can never be sold….so the government junks them and sells them back to the steel industry.

You can't run a blast furnace just on ore; you have to scrap iron as well. You ought to know that even if you are a Sleeper. Matter of fact with high-grade ore so scarce, there’s more and more demand for scrap. The steel industry needs these cars."

"But why build them in the first place if they can't be sold? It seems wasteful."

"It just seems wasteful. You want to throw people out of work? You want to run down their standard of living?"

"Well why not ship them abroad? It seems to me they could get more for them on the open market abroad then they are worth as scrap."

"What! and ruin the export market? Besides, if we started dumping cars abroad everybody we'd get everyone sore at us – Japan, France, Germany, Great Asia, everybody. What are you aiming to do? Start a war? »

9 août 2009

Ça saigne encore… Économie États-Unis Hétu Watch Récession

The Miami Herald

Fannie Mae seeks $10.7B in US aid after 2Q loss
The Miami Herald

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

The mounting price tag for the rescue of Fannie and its goverment-sponsored sibling, Freddie Mac, is surpassed only by insurer American International Group Inc., which has received $182.5 billion in financial support from the government so far.Fannie Mae’s new request for $10.7 billion from the Treasury Department will bring the total for Fannie and Freddie to nearly $96 billion.

Together, Washington-based Fannie and McLean, Va.-based Freddie own or guarantee almost 31 million home loans worth about $5.4 trillion. That’s about half of all U.S home mortgages.

« We are dependent on the continued support of Treasury in order to continue operating our business, » Fannie Mae said in a Securities and Exchange Commission filing late Thursday.

The two companies lowered their standards for borrowers during the real estate boom and are reeling from the bust. High-risk loans, now defaulting at a record pace, have come back to haunt the companies. Worse still, the recession is causing formerly reliable homeowners with good credit to default.

N.B. Fannie Mae et Freddie Mac sont des compagnies parapubliques contrôlées par le gouvernement américain.