Financial News Update – 08/16/10

The Socialist Ideals of Obama’s Man at Medicare & Medicaid

Most U.S. States are Broke

Goldman Sachs CEO Lloyd Blankfein earns $6.1M by cashing in on 90,000 stock options (Hat Tip: Brian B.)

Obama losing support of low wage earners (Hat Tip: Larwyn)

Dems may use food stamp money to pay for Michelle Obama’s nutrition initiative (Hat Tip: Brian B.)

Rand Paul: Keep EPA out of Ky. affairs (Hat Tip: Brian B.)

Wal-Mart Quietly Raises Prices (Hat Tip: Brian B.)

Raids Increasing on Farms and Food Supply Clubs (Hat Tip: Brian B.)

Banks to benefit most from White House program to help fight foreclosures (Hat Tip: Brian B.)

America the Fallible

10 Monster Bubbles Currently In The Making

At The Current Level Of Jobless Claims, The Economy Is Screwed

As America Downgrades Growth, German GDP Blows Past Forecasts

Treasury Fixing Mortgage-Finance System Juggles Limitless Bailout, Economy

China Overtakes Japan in 2Q as No. 2 Economy

The Next Pension Bailout

Morning Bell: Death, Taxes and the Failure of Obamanomics

China Passes Japan, Not As Important As It Seems

It Begins… Dem Congresswoman Brings In Street Thug at Town Hall Meeting to Threaten Constituents (Video)

RAND PAUL Gets It… Attacks Obama-Pelosi in Kentucky Coal Country

New Court Decision: Congress Can Withhold ACORN Funding

That Was Quick… For First Time Ever Obama Administration Cuts Medicare Treatment For Cancer Patients

Fed Releases Rules to Prevent Abuses by Originators

China Favors Euro Over Dollar as Bernanke Alters Path

U.S. Economy: Factories Lose Orders, Builders Lose Confidence

Jobless millions signal death of American dream for many

‘Hindenburg Omen’ Senses Stock Gloom

WSJ: Boomers Threaten Economy

Harvard University fund sells all Israel holdings

SurvivalBlog:

Peter Schiff: “We’re in the Early Stages of a Depression”

Morning Bell: Under Obamanomics, Government Workers Win, You Lose

Jobs picture dims as unemployment claims rise

Poll: Americans Grim Over Economy Before Elections

Gerald Celente: Double-Dip Depression Will Lead Us Into War

Watchdog Panel Cites Global Impact of US Bailout

Medicare’s Chief Actuary Blasts Rosy Report

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