Posted by Mike Folkerth on
Thursday, July 31st, 2008
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Good Morning Middle America, rise and shine, we have a big job to do today; we have to save the U.S.A. from ourselves.
I promised to talk about the future of housing this morning and we will. But first, there is one bit of news that I need to report that hits close to my home [...]
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Posted by Mike Folkerth on
Wednesday, July 30th, 2008
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Good Morning Middle America, your King of Simple News is on the air.
U.S. NEWS: I can see that our government needs my services at this difficult time and place. They need for me to explain a few economic details that are bewildering to our leadership. Of course, third grade math is bewildering to our leadership, [...]
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Posted by Mike Folkerth on
Tuesday, July 29th, 2008
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Good Morning Middle America, your King of Simple News is on the air.
U.S. NEWS: Yesterday, July 28, 2008, the Whitehouse announced that our annual budget deficit would exceed $500 Billon and at the same time downgraded the economic outlook through 2009.
Our ceiling for the National Debt is now $10.6 Trillion and government will need [...]
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Posted by Mike Folkerth on
Monday, July 28th, 2008
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Good Morning Middle America, your King of Simple News is on the air.
As the self described “hardest working ever” and consequently the “lowest rated ever” Congress, has passed the Fannie (Federal National Mortgage Assn.) and Freddie (Federal Home Loan Mortgage Corp.) bailout, we need to take a closer look at just exactly what that little [...]
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Posted by Mike Folkerth on
Friday, July 25th, 2008
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Good Morning America, your King of Simple News is on the air.
While no one ever accused old Mountain Mike here of being a left wing liberal, they also never accused me of being a right-wing-died-in-the wool conservative. I’m one of the troubled sorts that are mostly referred to as a G.D. Independent.
Hard core Independents mostly [...]
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Posted by Mike Folkerth on
Thursday, July 24th, 2008
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Good Morning Middle America, your King of Simple News is on the air.
Yesterday I made my future prediction for residential housing. In those predictions I stated that government would pull out all of the stops to save the non-sustainable housing industry.
I talked about Fannie Mae and Freddie Mac in my book. Today, as I suggested, [...]
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Posted by Mike Folkerth on
Wednesday, July 23rd, 2008
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Good Morning Middle America. I promised more predictions, so here we go.
As I watch even the most optimistic economists finally get around to having to admit that the U.S. is in recession, I listen closely to their excuses for being “so wrong for so long.”
After all, being wrong about something as serious as our floundering [...]
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Posted by Mike Folkerth on
Tuesday, July 22nd, 2008
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Good Morning Middle America, your King of Simple News is on the air.
Bear with me here, I want to re-run one more piece because I think that it is extremely important to consider at this point.
I have a 52 page booklet which remains on my desk top and one that I have read many times [...]
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Posted by Mike Folkerth on
Monday, July 21st, 2008
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Good Morning Middle America, your King of Simple News is up and at ‘em.
This is a re-run for this column, but I think that you will all agree…a very timely re-run. I find it necessary to ground my beliefs from time to time in order not become lost in the daily fray of sound bites [...]
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Posted by Mike Folkerth on
Tuesday, July 15th, 2008
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Good Morning Middle America, your King of Simple News is on the air.
Most of you will remember my prediction that this downturn would eventually reach the white collar gang. I predicted early on that educated workers would be handed their hat. GM is getting ready for another round of cuts and guess where they [...]
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