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A few days ago President Obama delivered his vision of the 2012 budget. It was less than well received: The Republicans, as expected, weren’t too pleased with it either. Here it is if you want to watch it before discussing any further: Now, the main gripe was, as per the norm with Obama, it had [...]
A few months or so ago, Obama hit the beach and started delivering his “economy is recovering, but not enough” message. Some think this was in response to the rather catastrophic forecast of the first Tuesday in November. Personally, I do. “It’s the economy, stupid.” Simple message, hard to debate. The message then was that [...]
Yesterday the headline was jobless claims much higher than expected at 480,000. That helped lead to a sell-off on the markets, pushing Dow below 10,000, again. So, imagine everyone’s surprise when we get today’s headline: Jobless Rate Falls Unexpectedly to 9.7 Percent in January Now, that means more people are filing claims, but fewer are [...]
But unemployment claims went up, again. They were expected to drop to 460,000. But, they came in at a revised 480,000. That’s about 4% more than expected. Obama, sensing there might be some bad news, cheerfully told people to not watch the “echo chamber”. That’s cable news to most of us. Then, the House Democrats [...]
Fresh on the heals of Obama’s White House Jobs Summit, Obama has announced he’s going to use unspent TARP money to tackle two issues that are dragging on the economy. Provide incentives for small businesses. Pay down the debt. Part one sounds good, but I think most small businesses are too distracted with this headline [...]
I woke up this morning to the news that Dubai had basically defaulted on their debt. I expected a market crash as the result. So far, that hasn’t happened. It’s been a bad day, but not all that bad. But, to me, something just don’t feel right. Late June, California announces it’s basically bankrupt and [...]
OK, here’s the scenario. GM runs into problems, asks for a bailout. At first, the feds just hand them a bunch, stating they’re too important to fail since they saved us during WWII and all. Then, they came back. This time the new feds said, well, not so fast. We need to know what you’re [...]
Reaction to Obama’s speech in the media is about as predictable as you’d expect. Fox is finding all kinds of problems with it, CNN is lauding how their poll reaction was. MSNBC couldn’t contain themselves during the Republican response. I’d run a poll here, but I know most of my readers don’t like Obama, so [...]
There are basically three steps to passign any legislation. They vote on it. If it passes, and there are differences, it’s those differences are reconciled in conference. The amended legislation is then voted on again. If it passes, the President signs it and it is done. Before the initial round of voting, Harry Reid stated [...]
Harry Reid predicted last week that if the Senate did not pass the stimulus package that day, the Dow would crash. They didn’t pass it, the Dow went up 200 points. Last night the Senate passed a critical vote, to cut off debate and schedule a vote on the stimulus package. This is the preamble [...]
