Monthly Archives: December 2009

Droppin' the Option

By Admin | Published: December 9, 2009

Senate Majority Leader Harry Reid said that they are close to getting “broad agreement” for health care reform. Reid says they have a plan to replace the “Public Option” component with a new national insurance plan offered by private insurers, and a chance for older Americans to “buy in” to Medicare according to Politico. The CBO still needs to score the changes to see if this new overall structure delivers what the Democrats want for reform, inclusion, and cost savings.

Remember, the reason why the United States is engaged in health care reform was to change the trajectory of the … …READ MORE

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Obama's Speech: FDR VS JFK

By Admin | Published: December 8, 2009

“It is the habit of the unthinking to turn in times like this to the illusions of economic magic. People suggest that a huge expenditure of public funds by the Federal Government and by State and local governments will completely solve the unemployment problem. But it is clear that even if we could raise many billions of dollars and find definitely useful public works to spend these billions on, even all that money would not give employment to the seven million or ten million people who are out of work. Let us admit frankly that it would be only a … …READ MORE

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The Best Questions For Ben Bernanke

By Admin | Published: December 3, 2009

Let’s get right to heart of what really matters here for the Fed. Just two questions need to be asked.

1. Why should the Fed have any regulatory oversight considering what a poor job they did in the past?

2. Why should the Fed have a dual mandate?

In his Washington Post editorial, Federal Reserve chairman Ben Bernanke breaks down the fourth wall of reporting and brings his case directly to the public. He states relatively quickly and succinctly that, “I am concerned, however, that a number of the legislative proposals being circulated would significantly reduce the capacity of the … …READ MORE

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Obama's Speech a Success!:

By Admin | Published: December 2, 2009

He managed to anger both sides of the aisle with Democrats saying he shouldn’t send any troops and Republicans saying he’s not sending enough. It’s what I call the “All In or All Out” dilemma. The best news came before the speech when Chairman of the Senate Armed Services committee Carl Levin (D, MI) backtracked from his calls for raising taxes on the wage earners above 250k. Levin sagely stated that raising taxes during a fledgling recovery was not good policy.… …READ MORE

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WBBM Radio 780 Today at 12:40 CT

By Admin | Published: December 1, 2009

Today at 12:40 CT, I’ll be appearing on WBBM 780 Radio’s Noon
Business Hour discussing Dubai and President Obama’s speech tonight.… …READ MORE

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What Obama Won't Say Tonight

By Admin | Published: December 1, 2009

Japan held an emergency policy meeting to announce an agreement between the government and ruling parties to include a new economic stimulus package in the second supplementary budget for fiscal 2009. The original plan was for Y2.7 trillion budget and now this will be expanded. They are doing this because the economy is sliding back into deflation and the stock market had declined 1700 pts since August (it jumped abt 500 pts on this news).

This begs, if not screams, the question: will it really help? It’s a lesson for the United States to learn that continuous government spending doesn’t … …READ MORE

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