Justin Mohr Show

Janet Yellen is taking back some comments she made back in London two weeks ago. Janet Yellen had said she really doesn’t see another financial crisis happening in our lifetimes. Why would she say this?  She says this because she sees that government regulations can protect us. Dodd-Frank was passed as a response to the housing crisis and she really thinks this will protect us. The only way she thinks we will have another crisis is if we repeal this regulations! Yes, she’s already setting up the new narrative for the next crisis, DEREGULATION!  Which of course that’s the cause of the next crisis at all. Big government and the fed are to blame. They are always the ones that cause crisis after crisis but they will never see it.

Direct download: jmsEp149-Janet_Yellen_and_the_fed.mp3
Category:Business, News & Politics, Education -- posted at: 2:06pm MDT

The state of Illinois is on the verge of bankruptcy. $15 Billion in unpaid bills and no budget plan going on 3 years running. The state legislature in Illinois has worked out a budget deal that’s suppose to pull the state back from the brink but it won’t! The budget bill doesn’t reform the pension problem in a meaningful way and it’s the underfunding of state pensions that has largely led to this debt in Illinois. The future obligation to pensions in Illinois is $251 billion!  The state legislature thinks raising $5 billion in taxes by increasing the state income tax by 32% is a good idea!  When will these politicians learn?

Direct download: jmsEp148-Illinois_is_broke.mp3
Category:Business, News & Politics, Education -- posted at: 11:13am MDT

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