Andy’s trip to Washington has brought him into many discussions over Obama’s address to congress on the stimulus package.
Monthly Archives: February 2009
The Way Forward For Obama, Banks, and Taxes….
There are two developments over the weekend that investors and voters should be aware of for Monday.
First, there remains confusion over exactly what Congress and the Obama administration are going to do over the financial sector of the United States. There were rumors on Friday (and all of last week) that banks were going to be nationlized. This promptly Obama spokesman Gibb to say late in the day that they believe banks should remain in private sector. However, they had to do this because Sen. Dobb said that they may need to nationalize some banks at some point. Today, … …READ MORE
The Stimulus Plan: The Good, The Bad & The Very Ugly
Shockingly, they heard the cries from the financial markets and adjusted the package. They reduced the overall amount to below $800 billion, supposedly bumped up the number of jobs the plan will create, and cut back on some of the pork.
Late yesterday, the US House and Senate conferees came to an agreement on the Obama stimulus plan.
A 15k tax credit for anybody buying a home over the next year was dropped, $500-per-worker credit for lower & middle-income taxpayers was cut to $400, and a $54 billion award to money-losing businesses over the
Posted in Economy, Front Page, US Politics Tagged economic, Economy, Keynesian, obama, stimulus 3 Comments
FOR IMMEDIATE RELEASE!
Announcement – Andrew Busch has just been added as a Senior Fellow at the Illinois Policy Institute, the state’s leading free market think tank. Read more…… …READ MORE
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Weekend Ideas
This will be a new feature for the site. I’m going to list the top 3 articles from the weekend press. Also, I’ll try to point out some key events for the week as well.
Before I get to that, Kerry and Hutchinson were on NBC’s meet the press discussing the Senate’s stimulus plan. One interesting point that Hutchinson made about bank loans: she wants loans that are current and making payments, but that have their colleteral diminished, not to be called in. This is a major issue for businesses that are making payments, but banks call in their loans due … …READ MORE
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